The Daily The Economy is on an Upswing. Should Biden Get Credit for It?
45 snips
Aug 7, 2023 
Jim Tankersley, a White House correspondent for The New York Times specializing in economic policy, discusses the positive economic signs during President Biden's tenure. He examines the transition from recession fears to growth, noting job creation and declining inflation. Despite these achievements, public perception remains tricky, with Biden's approval ratings lagging. Tankersley also explores how Bidenomics aims to help the middle and lower classes, yet faces challenges due to the disconnect between economic success and voter awareness, especially with the upcoming election looming.
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Positive Economic Outlook
- The US economy is experiencing some of its best data under Biden's presidency.
- Positive signs point towards achieving a soft landing, avoiding a recession despite high inflation.
Reasons for Economic Upturn
- Economic growth and declining inflation suggest a successful balancing act by the government.
- This positive trend is attributed to stimulus packages and the Federal Reserve's interest rate hikes.
Biden's Economic Bet
- Biden's economic strategy involved boosting growth, even at the risk of increased inflation.
- This approach appears to be paying off as inflation decreases and growth continues.