Despite Biden Denials, Most Say We’re In A Recession And Gov’t Is To Blame — I&I/TIPP Poll
Economics collides with America's war on "definitions."
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Americans Make Lifestyle Sacrifices As Bidenflation Holds At 12.6%
The official CPI reported by BLS is 8.5% for July 2022. Compare this to the TIPP CPI of 12.6%, a 4.1-point difference. Prices have increased by 12.6% since President Biden took office.
The Schumer-Manchin Bill: Less Growth, Less Prosperity, Less Liberty, Less Freedom, Less Happiness
The falsely titled ‘Inflation Reduction Act’ is the ultimate big-government socialism bill. It defines the Democratic Party as the radical left.
Taxing Corporate Revenues Is Better Than An Alternate Minimum Tax
While the alternate minimum tax on book income will have some effect, taxing corporate revenue would increase the tax net substantially.
Like Christmas In August: Tax Hikes For All
That’s just one of the joyful features inside the Schumer-Manchin reconciliation bag. The more we learn about this bill, the less everybody seems to like it.
Economic Gloom Fuels Broader Personal Finance Concerns
Americans' wages are not keeping pace with high inflation, leading to worries about saving for retirement, paying for housing, and meeting health care costs.
Et Tu, Sen. Manchin?
After taking principled decisions to thwart unwise schemes, Sen. Manchin seems to have caved, likely channeling millions into the alternate energy industry and for unnecessary incentives.
Team Biden's Attempt To Redefine Recession
American economy has contracted during the last two quarters. Now, the Biden administration is attempting to redefine 'recession' and banking on the NBER to save the November midterms.
A Scandal At The Fed Straight Out Of A John Le Carré Novel — And Higher Rates, Too
Chairman Powell denies it, but a Senate committee, the FBI and Britain’s MI5 are hot on the trail, issuing a rare joint warning to all businesses over Chinese espionage and cyber hacking.
Global Food Prices Surge
Nestlé is the latest multinational food giant to pass on soaring costs to consumers amid the worst inflation in decades, caused by the war in Ukraine, rising fuel and energy bills and supply chain problems.
Republicans Not Riding to the Rescue on Biden’s Fiscal Insanity
Really, you’re either for big spending or you’re not. You’re either for higher inflation or you’re not.
Voters Give Biden Team Of Advisers Failing Grades: I&I/TIPP Poll
President Biden's advisers fail with flying colors.
Most Americans Think The Economy Is Currently In A Recession
Americans believe the economy is in recession and are taking steps to make do with their paychecks, which haven’t kept up with inflation.
Sen. Manchin Saves American Corporations From Global Tax Police
Treasury Secretary Janet Yellen's proposal to create a global minimum tax and eliminate tax competition would have adversely affected American corporations had Sen. Manchin not acted.