The American economy under Joe Biden is terrible. The American people know this because they are reminded of it every time they go to the gas station or the grocery store.
The November jobs report was awful. The indicators are all around us.
But don’t tell that to the liberal media, which is now bending over backwards to convince you that the opposite is true.
Look at this piece from Washington Monthly:
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It’s a Biden Boom—and No One Has Noticed Yet
While many people are uncomfortable communicating bad news, Democrats have a problem these days talking about good news, especially on the economy. Based on the data, President Biden and the Democratic Congress are set to preside over the strongest two-year performance on growth, jobs, and income in decades—so long as the current cycle of inflation eases, and the Omicron variant does not trigger another round of shutdowns. The future paths of inflation and the pandemic are large and important unknowns—but if they break right, everything else points to a Biden boom through 2022.
Over the first three quarters of this year, real GDP increased at a 7.8 percent annual rate—that’s adjusted for the current inflation. The Federal Reserve expects real growth of 5.9 percent for all of 2021, followed by another 3.8 percent increase in 2022. By any recent standard, these are extraordinary gains.
Here’s another piece from The Hill. Note the similarity of the title:
Biden is delivering the fastest economic recovery in history. Why hasn’t anyone noticed?
Democrats are faced with a sticky problem: The economy is nearing full employment after businesses added 210,000 jobs in November, labor force participation climbed to its highest level since the pandemic and wages are rising across many industries. Yet most voters are increasingly pessimistic about President Biden’s economic stewardship.
“I’m not exactly sure why what’s happening isn’t being characterized as a booming recovery from a worldwide shutdown,” Hawaii Sen. Brian Schatz (D) mused in a tweet last month. The answer involves a bit of Democratic over-optimism and a whole lot of Republican messaging the Biden administration has been slow to counter.
Schatz is largely right: Under Biden, the American economy has recovered from its Trump-era lows with remarkable speed.
Democrats and the media think the American people are stupid.
Cross posted from American Lookout.