Several of these media outlets have even gone so far as to claim that Americans’ austere view of this factor is due to their lack of clarity and clinging to bad impressions about the economy.
BIDEN BASHED FOR CLAIMING TO SEE ECONOMY ‘THROUGH THE EYES’ OF SCRANTON, NOT WALL STREET: ‘YOUR ECONOMY SUCKS’
The media loyal much of its policy in 2023 to portraying the economy as “robust” and “booming” thanks to the Biden administration. (Photographer: Oliver Contreras/Bloomberg Getty Images)
Over the summer, MSNBC host Chris Hayes touted Biden’s economic success, saying the president “is on track to perform one of the greatest macroeconomic policy magic tricks of all time. “
He also criticized the electorate for failing to see the administration’s handling of the country’s monetary problems. In an article titled “Biden’s economy is strong. Why the electorate disagrees?”, the host wrote: “We have a lot of knowledge that seems to indicate that our economy is doing well. But Americans just don’t feel that way. A recent AP poll found that only 3 in 10 adults think the economy is doing well. “
He rejected many of the views, at least those of Biden’s political opponents, writing, “Some Republicans will never say Biden’s economy is doing well, even in the face of sufficient evidence to the contrary. “
Newsweek senior writer Katherine Fung wrote a piece in August titled, “Biden’s Economy Is Booming. Here’s Why You’re Not Feeling It,” citing former President Reagan’s economic adviser Arthur Laffer.
Laffer said: “Inflation numbers are down considerably, employment numbers look solid, real wages seem to be emerging for the first time, the GDP figure is 2. 4 percent, which, at least in the recent old context, is damn, stock markets have had 11 straight positive days. “
However, Fung noted that Americans are fixated on inflation still being up and missing the economic gains.
“Because other people don’t like inflation, even when their wages are rising, Americans will focus on slow, genuine wage expansion, rather than just genuine wage expansion,” he wrote.
LATINO VOTERS WARN BIDEN’S LIFE WAS BETTER UNDER TRUMP: ‘A LOT OF FRUSTRATION’
Despite the media praising Biden’s economy, most Americans still believe the economy is doing poorly. (STEFANI REYNOLDS/AFP via Getty Images)
ABC News published an article in July arguing that voters’ impressions of the economy are on par with Biden’s successes this year.
“The state of the economy and how it personally affects Americans has historically been a key, if not the most important, factor for the electorate. But their perceptions would likely lag behind the numbers, and many are convinced that Biden has done a smart job in managing the economy. . , the polls show, as Republicans hit him at every moment of the election campaign,” the outlet wrote. “Despite the progress, Biden is still underwater with the electorate when it comes to the economy. “
A Washington Post piece from November famed Americans’ sour view of the economy as a “mystery,” stating, “Most Americans are financially better off than they were before the coronavirus pandemic, but they feel worse about their economic prospects.”
The Post article praised Biden’s handling of the economy, saying it “has played a significant role in Americans’ monetary landscape, through legislative victories that have resulted in increased government investment and related personal investment. “
However, he criticized the Americans for figuring it out.
“However, Americans are still furious that costs have risen so much, which is reflected in customer confidence that has fallen for three months in a row. “”This disconnect between a booming economy and what Americans think turns out to be widening at a critical time ahead of next year’s presidential election. It’s also shaping up to be a major problem for the White House. “
An Associated Press report claimed, “The U. S. economy is performing even better than previously thought. “He said: “The U. S. economy, the world’s largest, has shown resilience even as the Federal Reserve has raised its benchmark interest rate 11 times since March. “2022 to fight the worst inflationary crisis in 4 decades. “
The article quotes Chris Zaccarelli, IT director at Indepfinishent Advisor Alliance, who told the outlet: “Given the positive economic backdrop, we, the market, will bounce back by the end of the year and deserve to have a solid start to 2024, precisely the opposite of what many thought as recently as this summer. “
AMERICANS DESCRIBE STRUGGLES TO AFFORD FOOD WHILE BIDEN TOUTS STRONG ECONOMY: ‘I AM HONESTLY SCARED’
A Fox News poll revealed how other people feel about the state of the economy (Fox News poll).
NPR also insisted on a radio broadcast in October that “the economy is doing remarkably well,” lamenting that Americans’ “economic confidence” is still “in the red. “
One of the hosts described how Americans’ attitude toward the economy has been “negative almost every month since the pandemic began,” adding, “And while it’s not as bad as last summer, when fuel costs hit an all-time high. “, exceeding $5 per gallon, the situation remains pretty bleak. “
In addition, a November article in The Atlantic, titled “Why Americans Hate a Good Economy,” criticized citizens for failing to achieve the government’s recent economic gains.
It wrote how the unemployment rate is down, that the Consumer Price Index is unchanged, that wage inequality has fallen in recent years, and that the “U.S. has been adding jobs at a record clip.” It also noted, “And wages – adjusted for inflation – may have finally surpassed pre-pandemic levels.”
However, it said that Americans aren’t touting this success for several reasons, one of them being that economic conditions have “changed really fast,” another that “the government may have raised expectations for what a ‘good economy’ is supposed to feel like” among the public with all the money printed during the pandemic.
Despite this insistence that the economy is doing well, Biden, the impression most Americans have is bad and getting worse.
A New York Times/Siena College vote in November found that more than 60 of the Democratic electorate in six battleground states rated the economy as “fair” or “bad. “
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A poll from Fox News conducted around that same time found 78 percent of voters surveyed say the economy is in bad shape, and two-thirds don’t see any signs that it’s turning around.
Fox News’ Dana Blanton and Anders Hagstrom contributed to this report.
Gabriel Hays is an editor at Fox News Digital.