President Joe Biden recently gave an exclusive interview with CNN’s Erin Burnett in Racine, Wisconsin, where he highlighted the progress made in the US economy, despite ongoing concerns among voters. Biden acknowledged that recent surveys indicate voters feel pessimistic about the country’s economic direction, but he asserted that “we’ve already turned it around.”
Biden emphasized that many Americans have a favorable view of their personal economic situations, although they are dissatisfied with the overall state of the economy. However, he questioned the accuracy of phone surveys, stating that “the polling data has been wrong all along.”
Biden noted that his administration has created a significant number of jobs since taking office, adding that “people have access to good-paying jobs.” Nonetheless, he acknowledged that there are valid concerns regarding rising prices and housing costs, noting that “the last I saw, the combination of inflation and the cost of inflation is really worrisome to people, with good reason.”
Biden has devoted considerable effort to promoting his economic achievements, including investments enabled by infrastructure and manufacturing legislation. For instance, in Wisconsin, he previously visited a location formerly promoted by former President Donald Trump for a substantial investment by the Taiwanese technology company Foxconn, which eventually failed. Nevertheless, surveys suggest voters give Biden little credit for these accomplishments.
CNN’s most recent poll shows that Biden’s approval ratings for the economy and inflation stand at 34% and 29%, respectively, indicating significantly negative feedback. Biden stated during the interview that “no president has had the run we’ve had in terms of creating jobs and bringing down inflation,” yet he acknowledged that people have legitimate reasons for concern.
Biden also highlighted his initiatives to counteract excessive fees, such as penalties for bounced checks or late payments on credit cards, which he believes represents “corporate greed.” He explained, “I changed that – can’t charge more than eight dollars for that [bounced checks]. Or your credit card. Your late payment. Thirty-five dollars. I mean, there’s corporate greed going on out there, and it’s got to be dealt with.”
Overall, Biden’s remarks reflect his belief that the US economy has made significant strides since his presidency began, but that lingering concerns over inflation and living expenses require further attention.
Leave a Reply