President Biden will celebrate a victory tomorrow, signing the bipartisan infrastructure bill into law. But as the President heralds his accomplishments, he has also been running into a new economic reality, as inflation has surged 6.2%, the largest increase in 31 years. Not only the inflation fight could make it harder for Democrats to pass their social spending bill, but it also calls into question whether the Biden administration has a handle on this problem. The President acknowledged for the first time this week that inflation is “worrisome” – a response, perhaps, to the political reality, as new polls show Biden’s approval rating has ticked to a new low, largely due to a negative shift among Democrats and independents.

As the holidays approach and Americans are seeing higher prices on everything from gas to groceries, Public Strategies’ Howard Schweitzer, Mark Alderman, Towner French, and Kaitlyn Martin discuss President Biden’s performance and the state of the economy, which together send a stark warning to Democrats about their prospects in the 2022 midterm contests.