Viral Video Stokes Debate Over Biden Economy
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A viral TikTok video of a $16 McDonald's meal was seized on by conservatives and media outlets as evidence of out-of-control inflation under Biden. The video racked up millions of views.
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In reality, inflation has been cooling steadily, with the average Big Mac costing around $5.58 - up 10% under Biden, not $16. But the video fueled public perception.
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The White House is debating how to respond - tout Biden's economic accomplishments like strong job growth or criticize corporations and Republicans for hurting consumers.
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Some experts argue social media and news media focus too heavily on negative news, distorting views of the economy despite strong data like high disposable income.
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Others say economic frustrations are real, with inflation cutting into wages and the expiration of COVID aid leading declining incomes for many. Claiming the economy is fine could seem out of touch.