US President Joe Biden’s hopes for a domestic political reset have been dashed by a series of economic setbacks that have exacerbated the problems Democrats face as they try to win over voters ahead of the crucial midterm elections scheduled for November, Bloomberg reports.

The agency added in a released report that U.S. gasoline prices have risen to record levels, April’s inflation rate has beaten expectations, technology stocks have fallen and a record low proportion of Americans believe it’s time to buy a house.

First of all, the lack of infant formula has led parents in the richest country in the world to look for it on empty store shelves to feed their children. Labs in Michigan are closed due to security concerns.

With the fallout from Russia’s war in Ukraine and the ongoing coronavirus pandemic, with more than 1 million people dying from the virus in the US this week, it’s no wonder the mood in the country is grim.

And she thought Biden’s inability to assuage Americans’ growing anxiety was evident in the U.S. consumer confidence index released on Friday, its lowest level since 2011, 6 points lower than last April, which was worse than any expectations in the surveys she conducted.

The agency considered that the economic crisis faced by the United States and the administration’s lukewarm response dealt a blow to a major promise made by Biden before his presidency, which was that he would restore the effectiveness of the White House.

And she added, there are clear signs that Americans blame their president, with only 38% of them expressing support for his actions, according to a survey conducted by Monmouth University, with most respondents saying it is now difficult to pay for his activities. essentials such as gas and bills Expenses for groceries and health insurance.

For her part, White House Press Secretary Jen Psaki said on Friday: “We understand that there are issues that Americans face every day, prices are very high, the cost of filling a fuel tank is very high, and groceries in stores have become expensive. but right now we are focused on taking all possible steps to address these issues.”

However, Biden has often tried to blame others, claiming that the cost of gasoline and food has become prohibitive due to price increases caused by his Russian counterpart Vladimir Putin in connection with the latter’s invasion of Ukraine. The reserve is primarily responsible for fighting rising prices.

And, according to Bloomberg, the infant formula crisis poses a sharp political risk as Democrats look to refocus their medium-term strategy towards attracting female voters after a draft Supreme Court ruling that could overturn the Roe v. Wade ruling allowing nationwide abortions was leaked. .

She stated that White House aides recognize that many Americans feel the costs of inflation more deeply than news that the overall health of the economy is still good, and that the problem is only that some trends seem unfavorable, which, in her opinion. explains why, in recent days, Biden has stepped up his efforts to abdicate responsibility for some of the major issues that worry Americans.

And the agency pointed out that Biden simultaneously acknowledged the political crisis he is facing, as he told Democratic donors in Chicago on Wednesday: “It’s going to be difficult because inflation scares everyone and now we have a problem that we have to deal with.” , and at the same time, we can’t ignore everything that could happen if we can’t win.”