Biden lays out plan to fight inflation in Wall Street Journal op-ed


The Wall Street Journal published an op-ed by President Biden on Monday with the headline "My Plan for Fighting Inflation."
Biden began by acknowledging that "Americans are anxious" about inflation, which he said had been "exacerbated" by the war in Ukraine. According to a Gallup poll released Tuesday, Americans' confidence in the economy is at its lowest point since early 2009, when the Great Recession was just reaching its end.
The president also touted his achievements, which he said include a reduced federal deficit, rapid declines in unemployment, and strong economic growth relative to other developed countries.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"With the right policies, the U.S. can transition from recovery to stable, steady growth and bring down inflation without giving up all these historic gains," Biden wrote.
To achieve this goal he proposed passing clean energy tax credits to bring down gas prices, improving infrastructure, cracking down on greedy corporations, ramping up housing construction, reducing the cost of child care, and empowering Medicare to negotiate with pharmaceutical companies.
Matt Yglesias of Slow Boring tweeted approvingly that Biden's op-ed was "not a comprehensive solution to everything but certainly points the way to a possible deal on a reconciliation bill."
Brad Polumbo of the libertarian Based Politics had a different interpretation. Biden, Polumbo argued, failed to acknowledge that out-of-control government spending was also behind inflation or that the new spending he proposed would only make things worse.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-Gazette, Modern Age, The American Conservative, The Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.
-
Will Donald Trump’s second state visit be a diplomatic disaster?
Today's Big Question Charlie Kirk shooting, Saturday’s far-right rally and continued Jeffrey Epstein fallout ramps-up risks of already fraught trip
-
England’s ‘dysfunctional’ children’s care system
In the Spotlight A new report reveals that protection of youngsters in care in England is failing in a profit-chasing sector
-
Cider farms to visit this autumn
The Week Recommends With harvest season fast approaching, spend an afternoon at one of these idyllic orchards
-
House posts lewd Epstein note attributed to Trump
Speed Read The estate of Jeffrey Epstein turned over the infamous 2003 birthday note from President Donald Trump
-
Supreme Court allows 'roving' race-tied ICE raids
Speed Read The court paused a federal judge's order barring agents from detaining suspected undocumented immigrants in LA based on race
-
South Korea to fetch workers detained in Georgia raid
Speed Read More than 300 South Korean workers detained in an immigration raid at a Hyundai plant will be released
-
Why are Trump's health rumors about more than just presidential fitness?
TODAY'S BIG QUESTION Extended absences and unexplained bruises have raised concerns about both his well-being and his administration's transparency
-
DC sues Trump to end Guard 'occupation'
Speed Read D.C. Attorney General Brian Schwalb argues that the unsolicited military presence violates the law
-
RFK Jr. faces bipartisan heat in Senate hearing
Speed Read The health secretary defended his leadership amid CDC turmoil and deflected questions about the restricted availability of vaccines
-
White House defends boat strike as legal doubts mount
Speed Read Experts say there was no legal justification for killing 11 alleged drug-traffickers
-
Epstein accusers urge full file release, hint at own list
speed read A rally was organized by Reps. Ro Khanna and Thomas Massie, who are hoping to force a vote on their Epstein Files Transparency Act