The White House continues playing up the positives regarding the economy, including its role in creating those positives, but risks coming across as out of touch by downplaying and ignoring the negatives.
President Joe Biden met with his economic team on Wednesday, including the secretaries of treasury, energy, and labor, along with the chairwoman of the Council of Economic Advisers, and released a statement afterward indicating the American economy is in strong shape.
“They reported that the United States economy remains resilient in the face of global challenges, thanks in part to the president’s economic plan, which has helped spur a historic recovery,” the statement reads. “The team discussed the need to continue making progress in reducing prices and implementing the administration’s once-in-a-generation fiscally responsible public investment plan in our infrastructure, manufacturing, and the clean energy transition.”
There are many positive aspects to the economy for the White House to promote, including low numbers of jobless claims, millions of jobs added to the economy since Biden took office, and new investments in infrastructure, manufacturing, and energy, thanks to bills passed by Congress.
The problem is that there are negative factors that tend to be more noticeable to consumers. Inflation has been above 8% since…