Posted 11/29/2023, 10:00:00 AM
Biden Adopts Populist Tone on Economy, Decrying Corporate Greedflation
- Biden adopts more populist economic messaging, browbeating companies for high prices despite cooling inflation
- Aims to address voter pessimism about the economy despite improving indicators like low unemployment
- Struggles to get credit for the economy, with polls showing people care more about grocery prices than GDP
- Tries regaining trust by calling out "price gouging" by Big Oil, Big Ag and Big Pharma
- Downballot Democrats also using populist attacks on "greedflation"; seen as a good sign for Biden's re-election chances