Morning Jolt: How Biden Lost the War on Inflation and the Broader Economy

WITH JIM GERAGHTY

April 09 2024

How Biden Lost the War on Inflation and the Broader Economy

On the menu today: We've reached the point where Biden administration officials, Democrats, and pro-Biden columnists are tearing their hair out, furious that the electorate perceives the economy as being subpar. But if you look in the right places, the economic frustration makes perfect sense — and those right places include grocery prices since before the pandemic, the number of new jobs that are part-time jobs, the current high gas prices and likely summer price hikes, how inflation counteracts the good recent run of the stock market, and how many people owe more in car payments than the worth of their automobiles. Americans measure the economy by a lot more than just the unemployment rate, and no amount of wishing, ranting, or berating is going to get them to change their minds about how they perceive their household finances.

Economic Frustration: Causes and Effects

You don't have to look far to find columnists who are absolutely befuddled that Americans rate the economy — and President Biden's economic record — so poorly despite data that, at first glance, suggest the U.S. economy is sitting pretty. Gallup ...

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