As inflation continues to climb at the worst levels in four decades, Americans are deeply pessimistic about the U.S. economy, according to a recent survey from the Wall Street Journal.

At least 83 percent of Americans described their view of the U.S. economy negatively–and by other measures, Americans are experiencing levels of economic dissatisfaction not seen in years. For only the second time in a half century, more than three in 10 respondents said their financial situation was worse off.

Just last week, the White House attempted to rework their messaging on inflation to regain Americans’ confidence. Yet, their “new plan,” demonstrates Democrats are out of touch with the challenges American families face by doubling down on crippling tax hikes and more inflationary spending. 

READ: President Biden Doesn’t Have a Plan to Fight Inflation

KEY TAKEAWAYS 

• Democrats Are Out of Touch With American Families and Workers: As inflation reached an annual rate of 8.3 percent in April, thanks to Democrats’ inflationary policies and reckless spending, households are being forced to dig into their savings to purchase essentials.
• Americans Have Lost Confidence in the President’s Competency To Heal This Shrinking Economy: “More than one-third, or 35 percent, said they aren’t satisfied at all with their financial situation. That was the highest level of dissatisfaction since NORC began asking the question every few years starting in 1972…”
• Democrats’ $2 trillion so-called COVID stimulus fueled the inflation fire: A San Francisco Federal Reserve analysis shows that the U.S. is leading the world on inflation due in part to President Biden’s stimulus.