The economy, according to the White House, is steadily improving. Voters aren’t buying it, despite President Joe Biden’s repeated mentions of lowering inflation and robust job growth in speeches.
With an appearance at the Tri-State Labor Day event parade in Philadelphia on Monday, Biden leaned into his economic achievements once more.
In the recent published article by Politico, he told the crowd at the Tri-State Labor Day event packed with union workers that America had “the strongest economy in the world,” citing the “nearly 13.5 million jobs” he credits his administration with producing. For months, the president and members of his Cabinet have crisscrossed the country to preach what they have called “Bidenomics,” and in preparation for the Labor Day event, Biden has pushed that message even harder.
On Sunday, before the Labor Day event in Philadelphia, the president wrote in the Milwaukee Journal Sentinel that unemployment was “below 4% for the longest stretch in 50 years,” that wages and job satisfaction were up, and that inflation was “near its lowest point in over two years.” On Friday, after the release of a jobs report showing employers added 187,000 jobs in August, he boasted that America was in “one of the strongest job-creating periods in our history.”
However, according to a Wall Street Journal poll issued Monday, Biden’s proselytizing has had little effect on Americans. The poll, which was conducted among 1,500 registered voters from August 24 to 30, had a margin of sampling error of plus or minus 2.5 percentage points. It indicated that 59% disapprove of Biden’s handling of the economy, while 37% approve. As per to the poll, 63% disapprove of the president’s handling of inflation and rising costs, while 34% favor.
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With a substantial economic stimulus plan passed along party lines in March 2021, the Biden administration attempted to offer Americans some respite from the economic impact of the pandemic. The $1.9 trillion American Rescue Plan, on the other hand, most definitely contributed to the subsequent year’s spike in inflation, while numerous other variables, notably Russia’s invasion of Ukraine and the Federal Reserve’s repeated rate hikes, also played a role.
According to Ground News, though Bidenomics has struggled to gain traction as Americans contend with the long-term repercussions of inflation, Biden has stayed committed to pushing his broad economic vision — and drawing contrasts with his predecessor’s policies — as he prepares for a rematch with Trump.
“The guy who held this job before me was just one of two presidents in history… who left office with fewer jobs in America than when he got elected,” Biden stated Monday, at the Labor Day event highlighting his credentials as “America’s most pro-union president.”
“We’re replacing trickle-down economics with what everyone on Wall Street is referring to these days as ‘Bidenomics,'” he told the Philadelphia audience at the Labor Day event. “And guess what. It’s effective.”