The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad
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President Biden is questioning why many Americans still feel bad about the US economy despite positive economic indicators. The economy is performing well, with a robust job market, increased consumer spending, and low inflation. However, the public's sentiment about the economy remains negative, which could impact Biden's chances of winning a second term. Biden's economic advisers are optimistic about the direction things are headed and believe that consumer sentiment will improve as the trauma of the COVID-19 pandemic diminishes. Recent surveys show a slight shift in public sentiment, but a majority of Americans still believe that Biden's policies have worsened economic conditions. Biden is trying to balance touting economic progress while acknowledging the burden of high prices on Americans. He has criticized corporations for price gouging and shrinkflation. Biden's approval rating for handling the economy is currently at 37% and aides acknowledge the challenge of convincing voters that his policies have fueled the economic recovery.
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