President Biden on Saturday rejected recent polls showing voters trust the GOP to run the economy over the Democrats amid record inflation, supply chain shortages and other economic woes.
“But here’s a problem, I think, for you and the Democrats,” said MSNBC’s Jonathan Capehart. “Despite all the good economic news, low unemployment, record job creation, salary increases, social security, cost of living adjustment to 8.7% – the highest in 40 years […] Poll after poll shows that the American people trust Republicans in the economy and think Republicans should control Congress. How do you break up with it?”
Biden suggested that people shouldn’t rely too much on polls, as they technically represent the feelings of a sample size, not the feelings of the American population holistically. He also said that his administration’s policy advances, such as the federal infrastructure package, are aimed at boosting the economy, but their effects have been somewhat delayed.
“Number two, a lot of what we’ve done and gone through hasn’t started yet,” Biden said. “For example, you know, we have all this money to rebuild roads, bridges, internet, etc., but it’s going to take time. It won’t happen overnight.” He assured that his spending measures will start working next year, after the 2022 midterm elections.
“It’s not like we passed a law and all of a sudden the highways and bridges were working. It’s not like we’re in a position where we say no senior, which we do, will have to pay more than $2,000 a year for drug costs. It still didn’t work. It won’t start until next year,” he added.
He acknowledged that prices for domestic commodities such as gas and food have soared in the past year, leaving many Americans panicking and struggling to pay for their needs. Spiraling inflation has eroded the value of Americans’ savings and incomes, and it’s unclear when that will slow down. The Federal Reserve has sharply raised interest rates a few times in order to contain inflation.
“A lot of what we’ve done, people are suffering,” he added. “They’re suffering because when you take that margin for people sitting around the kitchen table and they’re paying, you know, three times as much or two times or one and a half times as much for gas, it matters.”
Despite the poor economic performance of the country, which Biden presided over, he still said he believed voters would choose Democratic leadership at the polls rather than trying the Republican alternative. Many GOP candidates have pledged to rein in inflation and support domestic energy production to restore the economy.
“And that’s why, for the last few weeks, what I’m doing is saying we’re here for this, what they’re for, making a choice and voting. And I think people are going to show up and vote like they did last time,” Biden said.