To the editor:
An author of a recent letter seems sincere in not knowing why President Biden holds historically low support from Americans. She mentions reasons for Biden support, including providing “student debt relief” to 3.7 million people, which of course is paid for by the 130 million working adults. That seems unfair. And while she praises stock market gains, they only benefit a little over half of American families that are invested.
The biggest problems faced by Biden in his re-election are the subjects of cognitive decline and inflation. Taking and passing a cognitive test, as former President Trump did to quiet critics, would ease fears that he is not up to the demands of his office. Inflation, whose root cause is federal monetary policy, remains a problem. According to a story in the Wall Street Journal titled “Sticker shock and sticky inflation,” the core inflation rate in January alone was 0.4%, a rate that equates to almost 5% annually. Rent rose 0.6% in the month. Home insurance was up .7% in January, and repair of home appliances is up 18.2% in the last year. Meanwhile, workers average weekly earnings are 0.1% lower than a year ago, the story also states.
The Journal story sums up, “All this helps explain why Americans on Main Street are sour even as Wall Street is cheering for faster interest-rate cuts.”
Amedee DrCruydt Maple City
