Most politicians know this since it's taught to their advisors at university. They are desperate to be seen "stopping" inflation. Sadly they are resorting to populist signaling which is doomed to fail.
If you buy Norpoth's thesis, Biden needs a war for a "rally round the flag" uptick in his approval rating. For Biden to deal with inflation, he needs to dramatically increase oil & gas output and embrace the need for more oil & gas to curb the global energy shortage. He won't and he will suffer at the polls.
Thanks for this enlightening article. You did your home work as usual, collected, deciphered & dispersed this info in a clear understanding manner. This info is not readily or easily found in todays media unfortunately. Good work!
Not to worry Michael, inflation is on your side. Inflation is one of the largest predictors of approval ratings, with a lag. https://link.springer.com/article/10.1007/BF00989620
Most politicians know this since it's taught to their advisors at university. They are desperate to be seen "stopping" inflation. Sadly they are resorting to populist signaling which is doomed to fail.
If you buy Norpoth's thesis, Biden needs a war for a "rally round the flag" uptick in his approval rating. For Biden to deal with inflation, he needs to dramatically increase oil & gas output and embrace the need for more oil & gas to curb the global energy shortage. He won't and he will suffer at the polls.
The war option sounds all to real and fits the general trend of increasing international tensions.
Reality is trying to teach us a lesson, to focus on real things, and I hope we learn it sooner rather than later.
Thanks for this enlightening article. You did your home work as usual, collected, deciphered & dispersed this info in a clear understanding manner. This info is not readily or easily found in todays media unfortunately. Good work!