The fight against rising prices has essentially been won. But few in the electorate seem aware.

Summary

President Joe Biden’s economic achievements—lowering inflation, reducing gas prices, creating jobs, and boosting manufacturing—are largely unrecognized by the public, despite his successes.

His tenure saw landmark legislation like the Inflation Reduction Act, CHIPS Act, and major infrastructure investments.

However, Biden’s approval ratings remain low, attributed to inflation backlash, weak communication, and a media landscape prone to misinformation.

Democrats face a “propaganda problem” rather than a policy failure, with many voters likely to credit incoming President Trump for Biden’s accomplishments due to partisan messaging and social media dynamics.

  • statler_waldorf@sopuli.xyzEnglish
    17·
    5 days ago

    Jon Stewart just discussed some of this on The Weekly Show podcast with Heather Cox Richardson as guest. Discussing whether the metrics that define economic success are outdated and also how poorly any of Biden’s “successes” were shared by his White House and the media. It was all framed much better than this article.

    • pjwestin@lemmy.world
      141·
      5 days ago

      I once heard some comedian or podcaster say something to the effect of, “The media keeps telling people that the economy is doing well because of the stock market, but for most of us you could replace the words, “stock market,” with, “rich people’s feelings graph,” and it would mean about the same thing.” I think that a lot. Also, I didn’t know John Stewart had a podcast for the Daily Show, thanks for the heads up on that!

      • Wes4Humanity@lemm.ee
        8·
        5 days ago

        The stock market is 80% owned by 10% of people… Better stock market= more profits for rich… Those profits come from our labor… The better “the economy” is doing, the worse the workers are doing. The markets went through the roof for Trump because the rich know he’s going to let them rape and pillage without constraints of any kind.

        • pjwestin@lemmy.world
          15·
          4 days ago

          Yeah, and here’s the trick no one talks about; since the 80s, businesses (with the help of the government) started killing off pensions in favor of 401Ks. That effectively meant the middle and lower class, who are by far minority holders in the stock market, still need it to perform well, otherwise their retirement savings will be wiped out. So they’ve basically created a system where an entire generation is incentivized to allow the 1% to be as opportunistic and greedy as they like, because the crumbs they’re going to retire on are directly tied to the success of the wealthiest Americans.