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U.S. is only days away until an 'absolute explosion' on inflation: Pollster Frank Luntz - YouTube
Channel: CNBC Television
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current polling shows 83 percent of
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americans describe the current state of
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the economy as poor this comes alongside
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president biden's approval numbers
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continuing to drop approaching the
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midterms in november joining us now is
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frank luntz polster
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and political analysts and in your long
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career frank was seeing some
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i guess other periods where inflation
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finally rears its ugly head but it's
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been a long time
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long time but few things
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really get the juices flowing
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uh like seeing a grocery bill or a gas
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bill and just going whoa i mean that
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that really is uh it affects everyone
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and it's visceral
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i think are you seeing that in polling
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uh yes we are and the tragedy is that
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we've tried to explain this to the byte
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administration because they're the ones
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who need to know and they've refused the
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presentation so on your show i'm going
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to tell you what i would have told them
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if they had only listened
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we are 13 days away from an absolute
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explosion on inflation there are three
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holidays there are three moments when
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americans take to the roads and when
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americans buy more food than at any
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other time of the year christmas
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thanksgiving and the fourth of july
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weekend and everyone's going to be
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filling up their car 13 days from now
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and they can't put 40.50 in their tank
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they actually have to fill it up and
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that's when the explosion hits they
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can't just buy eighty percent of what
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they want they have to fill their
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shopping carts for the barbecues and
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the cookouts
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and 13 days from now
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the american people are going to come
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face to face with these higher prices
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and face to face with the fact that they
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can't afford it you have to go back to
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2009
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13 years ago to find a time when these
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economic numbers are as bad as they are
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today and the difference is that back
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then it affected roughly 60 percent of
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the population
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now with inflation no matter who you are
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no matter where you live no matter how
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much you make you're impacted by it
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and that impact will be will be felt
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shortly and finally donald trump
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misidentified
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the stock market as being the
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aspect of the american economy that
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people related to and they decided
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whether things were good or bad joe
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biden is misidentifying jobs
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right now you only have a tiny
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percentage of americans that feel in any
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way
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insecure or unaffected but inflation
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touches everyone everywhere
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and unless he gets disinflation under
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control where people are not exasperated
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and are not furious and anxious and
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angry
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unless he does something immediately
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this is going to affect the midterms
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this is already affecting his popularity
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and quite frankly joe biden is the most
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unpopular president at this moment in
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this term since jimmy carter you'd have
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to go back to 1978
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for the last time a president had
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ratings this low
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do
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when you're conducting polls and i'm
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sure you're asking not just how's
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inflation affecting you and how
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important it is but you must ask for
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for who do you think caused it who do
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you think is responsible what do you get
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the the putin price hike
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how many people
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buy into that
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i guess they might say maybe part of it
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is that but how many
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think that that's the main reason that
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that we're in this
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situation
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and that's the right question to ask for
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a political impact and a significant
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percentage about a third blame the war
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in ukraine for what's happening although
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we're not even talking
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about the shortages right now you can
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get food but it's really expensive
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with what we know is going to come out
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of ukraine in the months to follow we're
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not even going to be able to get the
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food by the time we go into the early
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fall and again i don't think that by the
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blind administration is afraid of the
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political impact so they are downplaying
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the personal impact and the truth is
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they should be candid the other thing
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that people blame about 25
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are corporations
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for taking the opportunity for charging
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too much and again the byte
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administration is trying to blame exxon
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mobil and companies like that for the
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reason why gas prices are so high the
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key is not who they blame the
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fundamental key is who they think is
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trying to solve it and this is where the
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administration comes up short
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it was the biggest mistake and i'm a
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language person
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and that word that they used again and
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again for the first couple months that
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this is only transitory
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there are millions of people literally
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millions who now know what that word
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means and now blame the administration
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for not doing more
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so looking backward they're not
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necessarily blamed for having ignored it
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or for having not done enough but
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looking forward they're absolutely held
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responsible for why this problem is
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getting worse and worse
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and mark my words 13 days from now is
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when it's going to hit its peak right
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now one third of americans believe
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inflation is the number one issue i
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believe that's going to climb to 40
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percent in the weeks to follow
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