President Joe Biden has implemented a comprehensive economic program that covers a wide range of areas such as antitrust enforcement, labor policy, financial oversight, pharma regulation, social safety net funding, and consumer protection. This program is considered to be the strongest economic policy since the 1960s, despite some imperfections. While there has been criticism of Biden’s economic policies, it is still considered the best performance in economic policy of any president in the last 50 years.
Despite the decent state of the macroeconomy, Biden’s poll numbers on the economy are surprisingly low. Various reasons have been suggested for this, ranging from biased news coverage to the rise of conspiracy theories to public anger over economic inequality. It is puzzling why the negative economic sentiment seems to stick to Biden when compared to Donald Trump, whose presidency left the economy in a worse state than it is now.
One theory suggests that there are two factors contributing to Biden’s poor economic poll numbers – one typical and the other unprecedented. The typical factor could be related to public perception and expectations of the economy, which may be influenced by various external factors. The ahistoric factor, on the other hand, could be unique to the current economic and political climate, making it difficult to compare Biden’s economic performance to past presidents. However, despite these challenges, President Biden continues to work tirelessly towards improving America’s economy for all Americans.
