Staff Reports
President Joe Biden took a swing at the media’s portrayal of his economic policies, declaring his confidence in the state of the economy leading into 2024. Biden called out reporters for their failure to properly depict the current economic situation, emphasizing the need for accurate reporting.
Biden tells reporters to start reporting on the economy 'the right way' https://t.co/7I4XXclqb3 https://t.co/7I4XXclqb3
— Washington Examiner (@dcexaminer) December 26, 2023
The economy has been struggling to bounce back from the aftermath of the COVID-19 pandemic, despite Biden’s attempts to paint a rosy picture. Inflation rates have managed to drop to a 2.6% annual rate in November, but this is hardly cause for celebration. Unemployment rates have marginally improved under Biden, hovering at 3.7% last month — a far cry from the pre-pandemic rate of 3.5%. It’s clear that the current administration is failing to deliver on its promise of economic prosperity.
Despite Biden’s attempts to showcase the positive strides made under his leadership, the public remains unconvinced. A recent Monmouth University poll revealed that nearly 70% of voters disapprove of Biden’s handling of inflation, while just 28% approve. The numbers are even more striking when it comes to job growth, with 53% of voters expressing dissatisfaction with Biden’s performance.
With the economy looming large as a key issue in the upcoming 2024 elections, Biden may find himself in hot water. Voters overwhelmingly view former President Donald Trump as better equipped to tackle economic challenges, signaling potential trouble for Biden’s prospects. It’s clear that the public sentiment does not align with Biden’s rosy rhetoric, and the reality of the economic situation cannot be swept under the rug.
