{"id":578984,"date":"2023-06-17T13:00:00","date_gmt":"2023-06-17T10:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/white-house-and-gop-agree-this-is-the-biden-economy\/"},"modified":"2023-06-17T13:00:00","modified_gmt":"2023-06-17T10:00:00","slug":"white-house-and-gop-agree-this-is-the-biden-economy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/white-house-and-gop-agree-this-is-the-biden-economy\/","title":{"rendered":"#White House and GOP agree: This is the Biden economy"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/bidenjoe_061523gn01_w.jpg?w=900\" \/><\/p>\n<div>\n<p>President Biden faces the uphill battle of convincing voters that the U.S. economy is not only strong but slowly improving as Republicans aggressively reject the idea.<\/p>\n<p>The White House has spent the last year digging itself out of a host of economic setbacks\u2014 from sky high interest rates that have kept people from buying homes and cars to gas prices that hit historic highs\u2014 that has left many voters feeling worse off financially.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>But with inflation falling this week to the lowest rate since March 2021 and the Federal Reserve opting to keep interest rates unchanged for the first time since January 2022, the Biden campaign is readying to convince Americans that they are better off now than they were four years ago.<\/p>\n<p>\u201cDemocrats writ large often say one thing about the economy and then they move on. They move on to health care, they move on to any other also important issue. What we need to be doing is be relentless about the economy. We need to talk until we are blue in the face, until we sound like we\u2019re repeating [points] 500 times,\u201d said Gabe Horwitz, senior vice president of the economic program at Third Way.<\/p>\n<p>The labor market has been a major selling point for the president, with unemployment down around 3.7 percent and millions of jobs added under his tenure. When inflation was still higher than normal and interest rates were on the rise, the White House would often point to jobs as a reason to prove the U.S. was not headed for a recession.<\/p>\n<p>Just in time, however, for administration officials to fan out across the country later this month to tout the president\u2019s economic agenda, inflation dropped sharply in May, with consumer prices rising just 0.1 percent.\u00a0<\/p>\n<p>The second installment of the \u201cInvesting in America tour\u201d this summer will involve Cabinet members and more than a dozen officials <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>ing to over 20 states, highlighting \u201cthe Republicans who to this day continue to try to overturn it and send good jobs and factories overseas,\u201d according to a White House official.\u00a0<\/p>\n<p>Josh Bivens, research director at the Economic Policy Institute, a left-leaning think tank, said Team Biden has a strong case to share on the trail because the jobs market in particular is \u201cthe best labor market in generations.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>\u201cI think the case is really strong. People hate inflation, and the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> has talked a ton about inflation. That has been dominating their perception of the economy for a couple of years. But my guess is, unless something really changes, the inflation normalizing in the face of still strong labor markets\u2014I think that\u2019s a really good record they should be able to run on,\u201d he said.<\/p>\n<p>Republicans have used the economy for a case against Biden throughout his presidency to rally their base against Democrats. The party focused on it during the 2022 midterms, pointing to higher-than-normal gas prices and the steep cost of groceries.<\/p>\n<p>The House Ways and Means Committee cleared legislation this week to help workers and small businesses \u201cnavigate price spikes, worker shortages, and supply chain failures in President Biden\u2019s economy,\u201d according to the committee.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>\u201cMain Street has struggled in the Biden economy. We\u2019ve heard directly from small businesses during our hearings around the country about the real challenges they face today. Their testimony exposed the painful reality that the economy under President Biden is harming small businesses,\u201d Chairman Jason Smith (R-Mo.) said in a statement.<\/p>\n<p>The White House, meanwhile, points to other parts of their agenda to make the argument that their economic plan is working, from protecting Social Security and Medicare to avoiding the first-ever national default.<\/p>\n<p>Biden\u2019s success in negotiating the debt limit bill with Speaker Kevin McCarthy (R-Calif.) could lead to support from swing-state voters who want to see fiscal responsibility from the White House, argued Horwitz.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>\u201cBetween what he was able to accomplish in the Inflation Reduction Act and what he was able to accomplish in a bipartisan manner on the debt limit bill, Biden showed that he cares about fiscal responsibility, and we know that voters are very sensitive to that, especially swing voters,\u201d said Horwitz, a former <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriations and budget staff for House Democrats.<\/p>\n<p>Biden is set to rally with union workers on Saturday in Philadelphia, which comes after he received a slew of union endorsements on Friday.\u00a0<\/p>\n<p>On what his message will be at the rally, Biden said, \u201cEvery major labor union in the country is endorsing me tomorrow. And I\u2019m saying that my philosophy about building from the middle out and the bottom up is working.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<p>He has been working to shore up those endorsements and solidify support from blue collar workers, many of whom connected with former President Trump\u2019s messaging in the 2016 election. The campaign\u2019s union endorsements this month put wind behind the president\u2019s back on the campaign trail, experts say.<\/p>\n<p>\u201cThere\u2019s tons of workers out there in the U.S. economy who don\u2019t have a four-year college degree and make pretty modest amounts of money. It\u2019s a big voting bloc, and they have \u2014\u00a0for the past couple of decades \u2014 not been served well at all by the economy,\u201d Bivens said.<\/p>\n<p>\u201cIf you\u2019ve got a bunch of unions appreciating the strides and the labor market and the effect that has on low-and-moderate wage workers, you would think that would pay dividends, electorally.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>There are early signs of Americans overall feeling better about the economy and more confident in its trajectory.\u00a0<\/p>\n<p>The closely watched University of Michigan survey of consumers showed a sharp jump in U.S. satisfaction with the economy this month, according to data released Friday.<\/p>\n<p>Consumer sentiment rose 8 percent from May and a whopping 28 percent from a record low set last year. Americans also expect inflation to keep falling throughout the year and settle close to pre-pandemic levels.<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<p>Joanne Hsu, director of the Michigan survey of consumer, said the jump reflects \u201cgreater optimism as inflation eased and policymakers resolved the debt ceiling crisis.\u201d<\/p>\n<p>Even so, Hsu warned, \u201csentiment remains low by historical standards\u201d and American households are bracing for their incomes to decline.<\/p>\n<p>\u201cA majority of consumers still expect difficult times in the economy over the next year,\u201d Hsu said.<\/p>\n<p>To ward off any worries about the economy and questions over if another downturn is possible, the White House is working to push out the positive strides the economy has experienced recently.<\/p>\n<p>Press secretary Karine Jean-Pierre kicked off a daily briefing this week with a graphic showing inflation falling, calling the data \u201cevidence that the president\u2019s economic plan is working.\u201d<\/p>\n<p>And the president has been pushing out his messaging on the economy ahead of campaign season heating up.<\/p>\n<p>\u201cWe have taken action to bring down the cost of gas at the pump, prescription drugs, and health insurance premiums,\u201d Biden said in a statement this week. \u201cWhile there is more work to do, the plan that I laid out a year ago to bring down the cost of living and sustain stable and steady growth is working.\u201d<\/p>\n<p>\u2014<em>Sylvan Lane contributed to this report.<\/em><\/p>\n<\/div>\n<p>Copyright 2023 Nexstar Media Inc. 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The White House has spent the last year digging itself out of a host of economic setbacks\u2014 from sky high interest rates that have kept people from buying homes&#8230;<\/p>\n","protected":false},"author":1,"featured_media":578985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/bidenjoe_061523gn01_w.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,134343,90482,124783,134345],"class_list":["post-578984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-campaign","tag-house","tag-international","tag-state-watch"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/578984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=578984"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/578984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/578985"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=578984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=578984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=578984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}