Biden Defends Economic Record, Declares U.S. Economy Strongest in World
- May 11, 2024 05:00pm
- 339
President Biden, in a recent CNN interview, has asserted that he holds the strongest track record of any president in addressing inflation and job creation. Despite public sentiment reflected in polls indicating a differing perception of the economy, Biden maintains that polling data is unreliable.
President Joe Biden has staunchly defended his economic record, expressing his conviction that the U.S. economy is the most robust in the world and that he has outperformed all other presidents in tackling inflation and fostering job growth.
In an interview with CNN, Biden dismissed recent polls showing that voters largely disapprove of his handling of the economy and have greater trust in former President Donald Trump on the issue.
Challenged by CNN host Erin Burnett about dismal consumer confidence, rising housing costs, declining real income, and sluggish economic growth since his inauguration, Biden insisted that the economy has already begun to turn around.
Citing an unnamed survey, Biden argued that his constituents, while perceiving the nation as a whole to be in poor shape, believe their personal finances to be stable. He dismissed polling data as historically inaccurate.
Questioning the methodology of polls, Biden asked, "CNN, how many folks you have to call to get one response?"
Undeterred, Biden touted his administration's job creation and economic record. "We've created more jobs. We've made — we're in a situation where people have access to good-paying jobs," he declared.
While acknowledging that inflation remains a major concern for Americans, Biden praised his efforts to curb its impact. "When I started this administration, people were saying there was going to be a collapse of the economy. We have the strongest economy in the world. Let me say that again - in the world," he asserted.
Biden countered Burnett's assertion that last week's GDP fell short of expectations, pointing to the positive response from the financial markets.
Denying responsibility for inflated prices, Biden instead blamed corporate greed and claimed credit for reducing junk fees.
Despite the negative perception of his economic policies, Biden maintained that no other president has done more to bring down inflation or create jobs. He attributed the 9% inflation rate he inherited upon taking office to his current efforts to reduce it, highlighting his strong job numbers as additional evidence of his success.
Acknowledging the concerns of Americans, Biden concluded by reiterating his commitment to addressing the affordability challenges posed by high prices.
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