Morning Jolt: If Biden Wants Voters to Stop Believing We’re in a Recession, He Should Stop Acting Like We’re in One

TODAY'S JOLT IS SPONSORED BY

WITH DOMINIC PINO

June 19 2024

If Biden Wants Voters to Stop Believing We're in a Recession, He Should Stop Acting Like We're in One

This is Dominic Pino filling in for Jim Geraghty. I'll be handing the Jolt back to Audrey Fahlberg tomorrow.

On the menu today: Biden talks — and spends — as though the economy is awful, while his aides scratch their heads wondering why voters think the economy is awful. Maybe a mirror would help them understand.

An Index of Current Economic Oppressors, According to Biden

The U.S. is not in a recession right now, but many people think it is. A Guardian/Harris poll from late May found that 56 percent of Americans believe the U.S. is in a recession, and 58 percent hold Joe Biden responsible for it. This has led to lots of exasperated commentary about why more Americans aren't happy with Bidenomics.

There are two simple explanations for that: the accumulated effects of inflation, which is still not back at 2 percent like it's supposed to be, and much higher rates on home and car loans than in recent memory. The unemployment rate is very low, and the economy is growing (albeit slowly), ...

READ MORE >

Why Traditional Investments Fall Short

In today's financial landscape, many investors are feeling disappointed with traditional investment options. The once-trusted pillars of real estate, stocks, and bonds have left many Americans feeling unprotected. But, there is one asset that may help... Get this free guide to learn more.

Learn More