It is Biden's economy
The prospect of new legislative victories may not be enough to overcome the heat the White House is facing as voters level the brunt of their economic dissatisfaction on President Joe Biden in the lead-up to the November elections.
Emerging from coronavirus isolation this week, Biden cheered the Senate’s passage of a $280 billion legislation to boost the production of semiconductors in the United States, a top priority for his administration, and was greeted by a surprise reconciliation bill to address climate change, healthcare costs, and deficit reduction. The Biden administration argues that the new reconciliation bill will help fight inflation.
But a gloomy economic report Thursday that showed a second consecutive quarter of economic decline has become a blinking-red indicator of where voters fear the country is heading.
The Biden administration has sought to reframe what is and isn’t considered a recession, arguing that the country is not facing an economic downturn despite soaring inflation and two straight quarters of contraction. The technical definition of a recession shouldn’t apply, officials said, given other strong economic indicators, such as high job growth.
Still, concerns over the economy have roiled the president’s approval numbers as Democrats face their own uphill climb ahead of the midterm elections.
With only a few months until November, strategists are divided over whether a handful of long-sought legislative wins will be enough to outgun the economic headwinds and whether blame on Biden will bode poorly for the party.
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The so-called legislative "wins" are Democrat priorities and not necessarily American priorities. There is no indication that what Democrats wanted had support outside their caucus. While Biden has made some unpopular moves so have the Democrats in Congress and fortunately most of them have been blocked in the Senate.
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