Bidenomics - How is he doing???

[Luvnit2]

(07-10-2023, 01:12 PM)Belsnickel Wrote: Honestly, this is one of the biggest hurdles Biden is facing. The realities of the economy do not match what the perception is. First thing's first, there isn't much, if anything, POTUS can do about inflation. However, that is not the way people see things. What our government can do is pull policy levers to reduce the felt impact of inflation, which they have done a lot of. Our economic numbers are better than any other G7 nation post-pandemic. Our inflation rate is better, our growth is better, our job numbers are better.

To be clear, I am not saying this is all Biden's doing. This is a joint effort between a lot of different groups. But the public tends to shoulder the economy on POTUS. Because of this, and because the perception of our economic situation does not match reality in this country, the White House has a huge messaging problem to overcome.

Simply not accurate. In Biden's case his attack on fossil fuel and adding more regulations hurt the economy. The price of gasoline impacts everything in the supply chain. It killed inflation year one in office. It is still impacting food prices and prices at the pump for every American.

Policy does and can have a positive impact on the economy. People can hate Trump, but he had the country on the verge of energy independence. Contrast Biden who was forced to import dirty oil from other countries and dipped into reserves.