Biden rejects concerns of low consumer confidence in the economy, stating ‘We’ve already made progress’

President Biden’s response to polls showing disapproval of his handling of the economy and trust in former President Trump on the issue was dismissive. During an interview with CNN host Erin Burnett, Biden insisted that the economy has already turned around, despite low consumer confidence and concerns about rising housing costs, declining real income, and weak economic growth. He cited a survey indicating that although Americans may believe the nation is in bad shape, they believe they are personally doing well. He also criticized polling methodology, questioning how many people need to be called to get a response.

Despite acknowledging concerns about inflation, Biden continued to defend his administration’s economic record. He highlighted job creation and claimed that the United States has the strongest economy in the world. Biden also denied Burnett’s assertion that last week’s GDP fell short of expectations, pointing to the market’s response as evidence of his administration’s success.

While acknowledging that people have a right to be concerned, Biden credited his administration with lowering junk fees and blamed corporate greed for some of the economic challenges. He emphasized that when he took office, inflation was at 9% and claimed that his administration has been successful in bringing it down.

In conclusion, President Biden’s response to criticism of his economic policies was to downplay concerns and emphasize his administration’s accomplishments. He dismissed polls showing voter disapproval and defended his handling of the economy, highlighting job creation and asserting that the United States has the strongest economy in the world. Biden acknowledged concerns about inflation but credited his administration with addressing them and blamed corporate greed for some of the economic challenges.