Republicans have been hoping for an economic collapse to fuel their mantra that President Biden’s stewardship on our finances would lead them back to the White House.
Except that the news just keeps getting better.
This week the Labor Department announced the economy added 353,000 jobs to the workforce. The unemployment remains at 3.7%. Inflation is under control. Wages and salaries are outdistancing the inflation rate. Mortgage interest rates are sliding down.
What the heck? The GOP presidential frontrunner can’t make the case that Joe Biden’s policies aren’t working. Instead, he’s left to look for other issues with which to bludgeon the president.
Politico reports: And though far from certain, itās now possible that the nationās economic health could become an electoral asset for Biden in an unexpected way.
āI think that is the question of the day,ā said Stephen Moore, a senior fellow at The Heritage Foundation and an economist with FreedomWorks who is close to the Trump campaign. āYou canāt blame the president when policies go wrong, and then say heās not responsible if things are going right.ā
Bidenās economy keeps messing up Trumpās message – POLITICO
Moore touches on a singular political reality, which is that presidents too often take blame they don’t deserve while being denied any credit they might earn. That is true for presidents of either party. So often matters out of their control dictate downward economic spirals.
The inflation rate is an example. Americans who endured the COVID-19 pandemic were denied opportunities to purchase big-ticket items. Then the pandemic broke and Americans released all that pent-up demand, which contributed to skyrocketing inflation at almost every level.
Who took the blame? Joe Biden!
Then the president pitched what he called the Inflation Reduction Act. Congress enacted it. The IRA intent was to target the supply chain, seeking to loosen it sufficiently. It worked. Inflation is under control.
Has the POTUS gained much from the impact of the IRA? Not yet!
The economy is fading as a talking point that Republicans can use against Joe Biden. The president’s campaign team now must devise a message that drives the point home that, yes, we are better off than we were four years ago.
Nice try, LOL! Trying to rationalize BS.
*Did you enjoy 1.8% inflation? Biden drove that up by 382% in his first two years!
*Was gas at $2.44 not great? Biden pushed that up by 51% on average!!
*Did the 56% gain in the stock market help your investments? Well, Biden flattened the market out with inflation!!!
*Hey, how about mortgage rates at 2.75%, cool right?? You know it, Biden has almost tripled them killing the housing market!!!!
*Well, under Trump our border agents actually followed the law. Now, Biden has created the largest border invasion in US history!!!
*Wait, no new wars and the Abraham Accords under Trumpā¦ Yup!! Well, with Biden we are involved in two new wars and under threat of WW3!!!
If you cannot admit these official verifiable facts are true, then you are just operating on cult emotions! You may not like Trump as a person, who cares!!!
But if you also cannot admit that you were better off four years ago, you are a liar!!
You’ve got the GOP talking points down pat. Good jb.
Facts are facts
OK. I’ll let you have the last word.