Why Joe Biden needs to bend in the debt ceiling standoff
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Joe Biden’s approval ratings are in the gutter, and especially on his handling of the economy. From all indications, things could get worse. A row over raising the debt ceiling may further undermine consumer and investor confidence, even as growth is slowing, banks are failing, and inflation continues to eat away at Americans’ standard of living.
Meanwhile, Biden keeps telling Americans how terrific things are and what a good job he is doing.
Respondents to a recent Washington Post/ABC News poll disagree. Asked “Who do you think did a better job handling the economy – (Donald Trump when he was president), or (Joe Biden during his presidency so far)?”, 54% chose Trump while only 36% went for Biden.
What an embarrassment. Ever since he took office, the president has claimed Trump left the economy in shambles, and that only by spending trillions more in relief money has he been able to resuscitate it.
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The public isn’t buying it, because it isn’t true. When Joe entered the Oval Office, the U.S. economy was growing at 6%, jobs were coming back and core inflation was below 2%.