07-10-2023, 01:14 PM
I think the conversation of economy is very complex. Biden touching on economic recovery is very true - the economy is recovering well. People can tout unemployment rates as a marker, or the real GDP recovery, both of which are positive. Inflation is going down, but one important thing to note is that there is always inflation. Inflation can be a healthy sign of an economy if it is in the right spot (roughly 2% per year). I think there is COVID fatigue and people are not only tired of hearing about it, but they are tired of it being the reason for something. However, many of the economic issues that the world is facing, including the U.S., stem from COVID. Biden inherited a very difficult situation and has, overall, done a fine job. I don't think public opinion not recognizing that is evidence that it is bad, but I also think that many people overrate the power a president has over the economy.
