Biden official shrugs off low economy polling: ‘Heading the right way’
Chair of the Council of Economics Advisers Brushes Off Low Economy Approval Ratings
In a recent interview with Shannon Bream on Fox News Sunday, Chair of the Council of Economics Advisers, Jared Bernstein, addressed concerns about the low economy approval ratings. Bernstein confidently stated that it will take some time for Americans’ sentiments to “catch up” with the positive impact of President Joe Biden’s economic agenda, also known as “Bidenomics.”
“Bidenomics is helping families achieve good economic health,”
Despite being shown a Monmouth University poll from May, which revealed that 48% of registered voters believe Biden’s economic policies are hurting their families, Bernstein remained unfazed. He emphasized the importance of understanding the challenges American households have faced in recent years, including the COVID-19 pandemic, the war in Ukraine, and global inflation.
“All of these weigh on consumer confidence and sentiment, and, at the same time, this president kept his head down and ensured that families and businesses made it through the crisis intact and in good economic health. And that’s exactly what happened,”
Bernstein highlighted several positive outcomes resulting from the Biden administration’s economic policies, such as the unemployment rate below 4% and wages growing faster than inflation. He described the latter as a “welcome change.”
However, Bernstein acknowledged that it would take time for Americans to adjust their perceptions of the economy, considering the challenges of high inflation, gas prices, and consumer product prices in recent months.
“It takes a while for people’s sentiment to catch up to those new trends, especially given everything they’ve been through. But we have every reason to believe those trends will continue to persist, and we’ve even seen prices come down for gas, food, eggs, beef, and chicken,”
Overall, Bernstein expressed confidence in the direction the economy is heading, emphasizing that the key thing is that “we are moving in the right direction.”
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