Its really amazing that Republicans have gotten such a generic ballot lead. I remember 1978, where even in the midst of rampant inflation and Carter being more unpopular than Obama, Democrats still held a 15%+ generic ballot lead and most people blamed the inflation on businesses rather than Democrats.
Remember the days when Democrats could actually create a message and make it stick?
Inflation only matters if you have substabtial wealth. Unemployment is a much more severe problem for most people. Comparable elections with high unemployment would be 1974 and 1982.
You are dead wrong on this. Inflation hits hardest at the poor. The rich have access to financial instruments that shield them from the impact. It is the poor who do not. Inflation is, probably, the most regressive tax the government ever imposes in practice.