The fight against rising prices has essentially been won. But few in the electorate seem aware.

Summary

President Joe Biden’s economic achievements—lowering inflation, reducing gas prices, creating jobs, and boosting manufacturing—are 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, Biden’s approval ratings remain low, attributed to inflation backlash, weak communication, and a media landscape prone to misinformation.

Democrats face a “propaganda problem” rather than a policy failure, with many voters likely to credit incoming President Trump for Biden’s accomplishments due to partisan messaging and social media dynamics.

  • AntiOutsideAktion@lemmy.mlEnglish
    15·
    5 days ago

    biden getting flak over inflation is fucking hilarious.

    Why? He did literally nothing to address it.

    The fed is literally irrelevant to the president

    ???

    https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

    The chairman serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as a member of the Board of Governors. The chairman may serve multiple terms, pending a new nomination and confirmation at the end of each term; William McChesney Martin (1951-1970) was the longest serving chair, with Alan Greenspan (1987-2006) a close second. The president may not have the legal authority to dismiss a chairman before the end of a term, although this assumption has never been tested in court.[3]

    ???

    You can removed all you want about inflation, but at the end of the day, nobody really knows what the right solution here was.

    Price controls? Ronald Reagan?

    • KillingTimeItself@lemmy.dbzer0.comEnglish
      11·
      3 days ago

      Why? He did literally nothing to address it.

      What the fuck are you supposed to do? Unprint money???

      ???

      the fed is an independent agency, just look at trumps previous term. He couldn’t get them to do what he wanted, even with appointing a guy he liked.

      The president may not have the legal authority to dismiss a chairman before the end of a term, although this assumption has never been tested in court.

      also this.

      Price controls? Ronald Reagan?

      price controls may have worked. It’s hard to say unless you look at the revenue streams and accounting directly. But then you wouldn’t need price controls either so…

      Ronald Reagan had some pretty stupid economic policy. Notably removing legislation that would’ve prevented the 2008 financial crisis. But that doesn’t count apparently.