https://sputnikglobe.com/20231226/biden-tells-reporters-to-cover-the-economy-the-right-way-1115812028.html
Biden Tells Reporters To Cover the Economy 'The Right Way'
Biden Tells Reporters To Cover the Economy 'The Right Way'
Sputnik International
US President Joe Biden, while facing low polls, told the media to report on the economy “the right way” according to a transcript released by the White House on Sunday.
2023-12-26T01:16+0000
2023-12-26T01:16+0000
2023-12-26T01:16+0000
economy
joe biden
americans
white house
us
economy
homeless
2024 us presidential election
https://cdn1.img.sputnikglobe.com/img/07e7/0c/03/1115351528_0:0:3076:1731_1920x0_80_0_0_e904066158ee3871bc414f0c95c3f23c.jpg
US President Joe Biden told the media to report on the economy “the right way” according to a transcript released by the White House on Sunday.Biden is facing record-low poll numbers for a President at this stage in their term, including low marks on the economy, despite high job numbers and slowing inflation.Unemployment is at just 3.7%, which is just above the pre-pandemic unemployment level of 3.5%, which was a record low. Annual inflation has also dropped from a record-breaking 9.1% in June 2022 to 3.5% in November.Despite these seemingly strong numbers, Americans have not expressed confidence in the economy or Biden’s handling of it. According to a November poll, only 32% of Americans approved of Biden’s handling of the economy.Biden and his allies have insisted that the economy is robust and blame the disconnect with voters on the media. However, there are signs that the economy may not be as rosy as the surface-level statistics indicate.Homelessness increased 12% through 2023, reaching its highest recorded level. Americans are increasingly dipping into their savings and until last month, food prices were outpacing general inflation, further stretching voters’ wallets.Furthermore, 61% of Americans are living paycheck-to-paycheck and 74% say they are stressed about their finances.Part of that may be because wages never caught up with inflation, and Americans are typically used to 2% inflation. While inflation has slowed significantly since its peak, that increase is on top of an already historic increase that consumers struggled through last year. Until and if wages catch up, Americans are likely to continue feeling financially stressed.
https://sputnikglobe.com/20231121/majority-of-swing-state-voters-unhappy-with-economy-under-biden-as-many-just-getting-by-1115102298.html
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2023
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
joe biden, economic outlook, us poll numbers, biden tells reporters to cover economy the right way, biden tells voters they are wrong, biden on the economy
joe biden, economic outlook, us poll numbers, biden tells reporters to cover economy the right way, biden tells voters they are wrong, biden on the economy
Biden Tells Reporters To Cover the Economy 'The Right Way'
The economy has not plunged into a recession as many predicted it would, but voters still aren’t giving the Biden administration high marks on the economy.
US President Joe Biden told the media to report on the economy “the right way” according to a transcript released by the White House on Sunday.
Biden is facing record-low poll numbers for a President at this stage in their term, including low marks on the economy, despite high job numbers and slowing inflation.
“All good,” Biden replied when asked about his economic outlook for the country. “Take a look. Start reporting it the right way.”
Unemployment is at just 3.7%, which is just above the pre-pandemic unemployment level of 3.5%, which was a record low. Annual inflation has also dropped from a record-breaking 9.1% in June 2022 to 3.5% in November.
Despite these seemingly strong numbers, Americans have not
expressed confidence in the economy or Biden’s handling of it. According to a November poll, only 32% of Americans approved of Biden’s handling of the economy.
21 November 2023, 19:58 GMT
Biden and his allies have insisted that the economy is robust and blame the disconnect with voters on the media. However, there are signs that the economy may not be as rosy as the surface-level statistics indicate.
Homelessness increased 12% through 2023, reaching its highest recorded level. Americans are increasingly dipping into their savings and until last month, food prices were outpacing general inflation, further stretching voters’ wallets.
Furthermore, 61% of Americans are living paycheck-to-paycheck and 74% say they are stressed about their finances.
Part of that may be because wages never caught up with inflation, and Americans are typically used to 2% inflation. While inflation has slowed significantly since its peak, that increase is on top of an already historic increase that consumers struggled through last year. Until and if wages catch up, Americans are likely to continue feeling financially stressed.
