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Weird the article is giving credit to Biden for inflation then...
It's just getting old that if something good happens, Biden gets credit. If something doesn't get fixed, then it's not his fault because he's just the president.
It's the type of stuff I'm used to only hearing from Republicans.
I mean. At the absolute bare minimum the White House should understand how this comes off to voters like the person your replying to.
All it does is highlight how voters aren't the concern, it's the wealthy who have already made huge increases in the wealth since 2019.
"Nothing will fundamentally change" he told the wealthy before he was elected. And credit where credit is due, Biden has kept that promise to them.
Within any adminstration there will be things in and outside of their sphere of influence.
What's often attributed to Biden himself can often more accurately be attributed to his cabinet as a whole.
When people say it's not their fault they often mean the issue at hand needs a Senate resolution which will never happen because it's controlled by the Republican party who has a "do you enemy no favors" policy whenever a democrat is in office.
So what did Biden do for this?
The article says:
Skyrocketing interest rates.
Increased fossil fuels drilling
And forcing ports to operate 24/7 to flood the market with imported consumer goods.
All things that have massive negative effects on the average American, but help large corporations and the wealthy who own them.
Which brings us back full circle to OP's complaint that this victory lap is celebrating something that only benefits the most wealthy Americans and fucks over the rest of us.
Is that what we're supposed to be congratulating Biden on?
Is this honestly going to convince voters that Biden cares about them? Because according to polls, they don't feel like that, and that will depress turnout which is the only way Republicans can become president.
No, it doesn't. The article says:
It also says that 3 helped cool price shocks, 6 flooded the market with new workers who saw wage gains and helped increase demand, 1 helped keep the housing market out of recession, and the combination of 1-6 helped stave off major, economy-wide layoffs. All of these helped the average American, but somehow you filtered the entire analysis through your myopia-lens and latched onto the most damning interpretation you could muster. Wonder why you did that...
So...
You're saying the article lists three more things that helped the wealthy.
And one of your examples for how that helps the average American is it kept housing prices high?
And you know what avoids layoffs and actually helps workers? Fixing the actual problem which is out of control wealth inequality.
Even just trying to do something about that would pretty much guarantee Biden gets a second term.
Nope.
Low inventory keeps housing prices high, numbnuts. Supply & Demand. It's not rocket science, and the President doesn't build houses.
So we're back to ignoring things a single American president does have control over in favor of things they don't?
Good talk, chad.
It's depressing how much trump supporters and Biden support act alike.
Economics! hOw DoEs It wOrK?!?!?!