Staff Reports
President Biden claimed on Wednesday that he has successfully turned around the American economy and expressed confusion about why voters still have a negative view of it. In an interview with CNN, he stated that when he began his administration, there were concerns of an economic collapse, but now the United States has the strongest economy in the world. However, recent polls have shown that many Americans disapprove of his handling of the economy, which Mr. Biden attributed to the polls being “wrong all along.”
While acknowledging that the cost of goods and housing remains high, Mr. Biden stated that the administration has created more jobs and people have access to well-paying jobs. He also recognized that inflation and high costs are concerning to people, and he mentioned working to address some fees that contribute to high bills for Americans.
Biden insists to skeptical voters that he’s turned the economy around https://t.co/LIlFKATqFH pic.twitter.com/gD84XQQp6T
— The Washington Times (@WashTimes) May 9, 2024
Despite the president’s optimistic outlook, public sentiment about his handling of the economy remains negative. A recent CNN poll indicated that his approval ratings for the economy and inflation are low, with many voters expressing economic concerns.
These developments occurred in the context of surging gas prices and rising inflation, with the latest data revealing a 3.5% increase in prices compared to the previous year. Although the president claimed that inflation was down from 9% when he took office, the actual rate was 1.4% at that time, reaching a peak of 9.1% almost a year into his presidency.
Overall, President Biden’s assertion of a strong economy and his efforts to combat inflation were met with skepticism from voters, as reflected in the recent polls on his economic performance.
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