Inflationary concerns turn up the heat on upcoming midterm elections

Picture of awfblog awfblog May 12, 2022

AWF-Blogo-Logos-Template-400x400_UAW

Guest Name:

Josh Nassar

Guest Website:

Guest Social Media:

Supportive Documents:

United Auto Workers (UAW) Legislative Director Josh Nassar joined the America’s Work Force Union Podcast and discussed the effects of runaway inflation and the impact it could have on the midterm elections.

Inflation is 8 percent higher than it was a year ago and is a direct result of the pandemic, Nassar claimed. Necessary lockdowns in 2020 slowed down production, which has impacted goods around the globe, he said. The economy rebounded and escalated demand, which fueled rampant inflation because of the shortage of goods, he added.

He pointed out corporations have used supply shortages and steeped demand as an excuse to raise prices even further, raking in record profits. This only further exacerbates the inflation problem, he said.

President Joe Biden has taken much of the heat for the inflation issue, which poses problems for the midterm elections, Nassar said. He noted that historically, the party of the president tends to do poorly in a midterm election, and the American public is certainly anxious in this economy. Nassar believes the real question is what can be done to control costs, and argues Biden is doing everything he can. He pointed out Biden’s critics have not offered any viable solutions.

Lastly, Nassar provided an update on new electric vehicle tax credits, which stalled in the Build Back Better budget reconciliation bill. He is cautiously optimistic the U.S. Senate will soon revisit the legislation.

Listen to the entire episode to learn more about these topics.

America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.

Inflationary concerns turn up the heat on upcoming midterm elections

SUBSCRIBE ON:

Alliance for Retired Americans discuss Social Security Fairness Act

Apprentices highlight UNITE HERE's Culinary Apprenticeship program

Grassroots efforts and strategic planning the path forward for unions

RECENT EPISODES

Alliance for Retired Americans discuss Social Security Fairness Act

Apprentices highlight UNITE HERE's Culinary Apprenticeship program

Grassroots efforts and strategic planning the path forward for unions

SUBSCRIBE

NEWSLETTER