Biden cites economic gains, but voters see much more to do

For Biden, convincing Americans of the progress made in the economic recovery only serves as a salient reminder of how much further the country has to go.

Administration officials and Biden allies happily point to the job creation data as a sign of accomplishment but they are also perturbed by the lingering economic malaise that threatens him with a historically inhospitable environment for a president’s party in a midterm year. “Responsible fiscal accountability is always a priority with voters," said Democratic pollster John Anzalone, who advised Biden's 2020 campaign. “I think people want fiscal accountability. And I don’t think that’s changed over the years.”

Rep. Annie Kuster, D-N.H., said Wednesday after meeting with Biden that his messaging over the past month has clearly targeted moderate voters.was spot on in terms of what constituents in our districts, purple districts, are talking about right now,” she said outside the White House. She noted Biden's pivot to addressing mental health issues after the pandemic, while also emphasizing that the president plans to run on infrastructure and job creation.

Desmond Lachman, a senior fellow at the conservative American Enterprise Institute, called the market reaction to Biden’s release of petroleum “muted” and noted that “in the short term we are subject to the whims of outside developments like the Russian invasion.”University of Michigan economist Justin Wolfers, whose work is separate from the sentiment survey, noted there is evidence that the public’s perception of inflation may be worse than actual inflation.

Source: Financial Digest (financialdigest.net)

What economic gains?

Gee I wonder if the wage growth rate plus the old 2% inflation add up to the new inflation rate is a coincidence,

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