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Poll results

Sponsored by: GoNetspeed, a fiber internet provider

Inflation in the U.S. recently hit a 40-year high, and on Friday the consumer price index had soared 8.6% from a year earlier.

With gasoline prices over $5 a gallon, the inflation run-up could take an especially heavy toll on Maine's tourism industry. But inflation is affecting businesses of all types.

In response, the Federal Reserve recently made its biggest interest rate increase in more than two decades. Chairman Jerome Powell said additional hikes could be on the way.

Do you think the Fed's efforts to curb inflation will send the economy into a recession during 2022?
Yes, there will be a recession this year (50%, 151 VOTES)
No, but there will be a recession in 2023 (31%, 95 VOTES)
No, but there will be a 'soft landing' without a true recession (19%, 58 VOTES)
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Inflation in the U.S. recently hit a 40-year high, and on Friday the consumer price index had soared 8.6% from a year earlier.

With gasoline prices over $5 a gallon, the inflation run-up could take an especially heavy toll on Maine's tourism industry. But inflation is affecting businesses of all types.

In response, the Federal Reserve recently made its biggest interest rate increase in more than two decades. Chairman Jerome Powell said additional hikes could be on the way.

  • 304 Votes
  • 7 Comments
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7 Comments

  • June 15, 2022

    The recession is already here! Walmart is overstocked by 32%, Target is overstocked by 25%, and diesel fuel prices are going to hit $10 a gallon by this Fall. It is not Putin, it is not Ukraine, it is not greedy oil companies...it is our elected officials. The great thing about this country is that we can vote every Senator and Congress person out of office this Fall and send a message to our elected officials.

  • June 15, 2022

    The U.S. was energy independent 18 months ago, and now we are seeing what happens when our government shutters our domestic oil production. Every item we purchase is affected by higher energy costs and all of those items are shipped to us via transportation that requires fuel. Buckle up, and get ready for shortages of every type of good you purchase. Buy your Christmas gift now, while you can still get the products.

  • June 15, 2022
    Clean energy sounds great but is way too costly at this point. In order to force this agenda on us they must make gas ridiculously expensive. However, they want us all to buy electric vehicles. How are we going to travel using an electric vehicle when there are not enough chargers around the USA to make this practical? How will we have enough electricity when we are told to expect rolling blackouts with just our current demand for electricity? How are we going to make these electric vehicles with no fossil fuels? How are we going to create enough electricity to charge everything without fossil fuels? Right now, alternative energy sources can't create enough electricity and what it can create is very expensive. This administration is forcing a change that can't work.
  • June 13, 2022

    How can we not suffer another recession? The Fed spent us into oblivion and has no plan to stop

  • June 13, 2022

    All of this is self-inflicted and was not a problem a short time ago under the previous administration. High energy prices and inflation caused by the printing of dollars and easy monetary policy are the primary problem. Yes, I want clean energy, but that technology takes years to develop. Forced adoption is impractical and reckless. The current administration is either tone deaf to pleas for commonsense answers and solutions or they would rather force their agenda on the nation. Elections have consequences.