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The FT's Rana Foroohar and James Politi discuss the discrepancy between the strong US economy and President Biden's low approval rating. They explore the potential shift in focus from the economy to other issues in the upcoming election. The hosts also analyze various election issues, including abortion and immigration, while discussing Biden's track record. They take a break to discuss their podcast 'Unhedge' and the Super Bowl's implications for sports betting in the US. The chapter concludes with discussion on football preferences and Biden's missed interview opportunity.
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Quick takeaways
- Despite a strong US economy, President Biden's approval rating remains low, indicating that factors other than the economy may be influencing public perception.
- In the upcoming 2024 election, social and cultural issues such as migration, the border, and abortion may overshadow the economy as key considerations for voters.
Deep dives
Strong US Economy Despite Lack of Credit for Biden
The US economy is thriving, with low inflation, increased job opportunities, and record-high stock markets. However, President Joe Biden is not receiving credit for this transformation. Despite indicators showing a strong economy, polls indicate a significant deficit in public perception of Biden's handling of the economy. While there are glimmers of improvement in consumer confidence, it is yet to translate into increased support for Biden. The 2024 election may not be defined by the economy, but rather by social and cultural issues like migration, the border, and abortion.
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