President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.

Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress.

“Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this," said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.

“Honestly, I’m kind of mystified by it,” she said.

  • Wooster@startrek.website
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    11 months ago

    Second, Biden recently started to blame inflation on corporations that hiked prices when they saw an opportunity to improve their profits, bringing more prominence to an argument first used when gasoline prices spiked. The president’s argument is suspicious to many economists, yet the intended message to voters is that Biden is fighting for them against those he blames for fueling inflation.

    “Let me be clear: Any corporation that is not passing these savings on to the consumers needs to stop their price gouging,” Biden said recently in Pueblo, Colorado. “The American people are tired of being played for suckers.”

    Wow. There’s no question who’s side the reporter is on.

    • lightnsfw@reddthat.com
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      11 months ago

      “Let me be clear: Any corporation that is not passing these savings on to the consumers needs to stop their price gouging,” Biden said recently in Pueblo, Colorado. “The American people are tired of being played for suckers.”

      Then do something about it.

      • Ashyr@sh.itjust.works
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        11 months ago

        He isn’t a dictator. He needs at least another branch of government to get the most effective solutions in place.

        He has been insanely effective despite having a broken Congress and brazenly corrupt Supreme Court.

        • lightnsfw@reddthat.com
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          11 months ago

          If he can’t do anything but he shouldn’t be running his mouth. It just makes him look weak when he says this shit, corporations keep price gouging, and nothing happens to them. He needs to back it with force.

      • Guy Dudeman@lemmy.world
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        11 months ago

        Why would he do anything about it if all he has to say are words, and people would still vote for him? As long as the Republicans are hard-fascists, the blue fascists can’t lose!

        • captainlezbian@lemmy.world
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          11 months ago

          One party is actually running on getting rid of undesirables, the other is milquetoast supporters of regulated capitalism with no real changes in personal freedoms. It’s ridiculous to call both fascists.