Posted 12/20/2023, 5:36:00 PM
Biden Advisor Confronted on Gap Between Economic Data and Public Discontent
- CNN host Poppy Harlow pushes back on claims by Biden advisor that the economy is doing well, citing poor polling for Biden on the economy
- Harlow questions why positive economic indicators touted by the advisor are not reflected in Biden's poor economic polling
- Advisor Lael Brainard argues economy has made progress from 2 years ago, but public remains concerned about high costs of healthcare, prescription drugs, etc.
- Several indicators show inflation remains high, real wages down 17.2% since Biden took office, uneven job growth across sectors
- Biden administration fighting for proposals to lower drug prices, eliminate fees, but public still feels economic pinch