WG Economy: Update On The Latest Inflation Report

WG Economy | David Winston

July 17, 2024

With the events of the past week, the latest inflation report seemed lost in the news cycle. Last Thursday's report for the month of June showed year-over-year CPI coming in at 3%, an improvement over where it had been but still at or over 3% for the 39th consecutive month. The Presidential Inflation Rate - the cumulative rate since the start of the Biden administration - went over the 20% mark in the May report, and is holding steady over 20% (20.1%). The line chart below shows trending of the year-over-year rate (in red) with the cumulative rate (in blue).

WG Discussion Points: The Value Of America's Alliances

WG Discussion Points | David Winston

July 12, 2024

This is NATO (North Atlantic Treaty Organization) week in Washington, as the alliance celebrates its 75th anniversary and welcomes the soon-to-be new Secretary General, former Dutch Prime Minister Mark Rutte. Alliances are receiving a heightened level of attention as they relate to the conflict in Ukraine. Former President Trump and others have indicated they are open to changes with our alliances and pressing allies to pay more for security. From our research for Winning the Issues (June 14-16, 1000 registered voters), we explored foreign policy topics and how voters perceive the value of our alliances.

Conflicting beliefs in foreign policy: Seven out of ten voters believe that peace, prosperity, and security are products of American leadership and sacrifice (70-16 believe-do not believe) with this belief consistent across party (75-14 among Republicans, 65-20 among independents, 70-15 among Democrats). However, there is also concern that the US has become overstretched. Two-thirds of the electorate believes that the US is overstretched with funding and providing military weapons assistance for international conflicts. We must focus on rebuilding our country (63-21). Republicans (72-14) and conservative Republicans believe this (75-14) at a high level, but this is also the case among independents (63-20) and Democrats (53-28).

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