Letting inflation get out of control is absolutely an "underlying economic problem" that can take years of austerity to repair.

Your focus seems to be on conservative media blaming Biden for having to cure the economic problems that began and sprung out of decisions made before he took office. On that I agree. He was set up. Inflation had been rising and accelerating since May of 2020, before he was even elected. It was further aggravated by a great deal of helicopter money before he sat in the big chair. It's not his fault. And frankly getting inflation under control isn't to his credit either, except from discipline to not push for more stimulus in an inflationary economy. That job is mainly handled by the Federal Reserve and he didn't appoint them. But Presidents get credit or blame for the economy anyway.

It's definitely post pandemic ripples and war in Europe. And QE+ZIRP. We seem to be transitioning to more of a saver economy now than an excess credit consumption one. I think long term that's best for everyone.