WTH Do Americans Think the Economy is Terrible? Gary Cohn on Bidenomics

What the Hell Is Going On · Mar 28, 2024 · 57m

According to President Biden, his stewardship of the economy – which he has dubbed “Bidenomics” – should be praised as the best America has ever seen. Unemployment is down and jobs are up. So why exactly are Americans giving such poor ratings to Bidenomics? Perhaps it’s because Biden’s $1.9 trillion economic stimulus package unleashed the worst inflation in 40 years. And while inflation may be lower today than it was three years ago, its compounding effects mean that prices are still sky-high. On top of that, Americans recently hit a record high of over a trillion dollars in credit card debt…