Charting the Biden Economy: Why Growth and Jobs Can't Fix His Unpopularity?

Even though the economy under President Biden has seen growth and job creation, inflation has really hurt many people, especially those with lower incomes. Prices started going up during the pandemic, and even though inflation has slowed down, it’s still a big issue. Wages haven’t kept up with rising costs, making things harder for everyday people. Biden’s actions, like the $1.9 trillion American Rescue Plan, helped with recovery, but they also added to inflation. While the economy is strong in some areas, the government’s growing debt is a concern for the future.

As a Non-American, it amazes me how much Americans attribute all economic development in a 4 year period to their president. Like ‘Biden created x million jobs.’ As if he’s responsible for every single job created during his presidency.

People don’t vote on data; they vote on vibes. They see the price of eggs go up and think everything is going up at the same rate. The median voter doesn’t understand how inflation works and often falls for oversimplified rhetoric.

Biden ignored inflation at first, which frustrated half the country. Higher wages were supposed to help offset it, but that didn’t happen for everyone.

Sometimes I feel like Americans think the president sets inflation… It was a global issue after the pandemic. Biden’s policies, like the Inflation Reduction Act, actually tackled inflation better than most countries.

Actually, wages caught up with inflation on average after COVID. There wasn’t much net real growth, but it’s misleading to say wages didn’t keep up. Context matters.

Biden tries to be likable, but many don’t trust him. For some, his policies feel like vote-buying with no regard for the deficit.

Inflation hurt everyone globally, but people here forget we were among the least impacted. The perception of prices, especially for essentials like food, plays a huge role in how voters feel about the economy.

In periods of economic uncertainty, it might be wise to consider investments in resilient companies like Walmart (WMT). Their pricing strategy and essential goods focus help them navigate inflationary pressures better than most.