Summary
President Joe Bidenās economic achievementsālowering inflation, reducing gas prices, creating jobs, and boosting manufacturingāare 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, Bidenās approval ratings remain low, attributed to inflation backlash, weak communication, and a media landscape prone to misinformation.
Democrats face a āpropaganda problemā rather than a policy failure, with many voters likely to credit incoming President Trump for Bidenās accomplishments due to partisan messaging and social media dynamics.
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 Discussing whether the metrics that define economic success are outdated and also how poorly any of Bidenās āsuccessesā were shared by his White House and the media. It was all framed much better than this article.
I once heard some comedian or podcaster say something to the effect of, āThe 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, āstock market,ā with, ārich peopleās feelings graph,ā and it would mean about the same thing.ā I think that a lot. Also, I didnāt know John Stewart had a podcast for the Daily Show, thanks for the heads up on that!
The stock market is 80% owned by 10% of peopleā¦ Better stock market= more profits for richā¦ Those profits come from our laborā¦ The better āthe economyā is doing, the worse the workers are doing. The markets went through the roof for Trump because the rich know heās going to let them rape and pillage without constraints of any kind.
Yeah, and hereās 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 theyāve 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 theyāre going to retire on are directly tied to the success of the wealthiest Americans.
Well said