The Maddening Reality of the Biden Economy – By Susan Milligan (US News) / February 4, 2022
Flawed projections and misperceptions are driving public opinion of the Biden economy. And by the time all the data is in, most voters have stopped paying attention.
If the economy added a record number of jobs, but people didn’t hear it or believe it, would it make a sound in American politics?
That is the question for President Joe Biden, whose Friday morning announcement of historic gains in new jobs, combined with a low 4% unemployment rate, was delivered through the gritted teeth of a leader who appears to be frustrated that he needs to explain to the public that the numbers are a good thing.
Since he took office, more than 6.6 million jobs have been created, 467,000 in January of 2022 – far more than the slight gain or possible loss of up to 300,000 jobs that was expected, Biden said in remarks at the White House.
