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• #The biden optimism tv

I’ll bet average Americans don’t know or care that Fed Chair Jerome Powell spent most of 2021 calling inflation “transitory.” That’s technically true, but as a politician he’s the guy who has to answer for the consequences of its decisions. Volcker.īiden says that controlling inflation is primarily the Fed’s responsibility. If anyone deserved equal credit for the “Reagan recovery,” it was the cigar-chomping Mr. By November 1984, rates had been cut in half, a huge tailwind to the economy. After rising to 20% in the early stages of Reagan’s, Fed Chair Paul Volcker began easing as inflation fell. The fed funds rate was a devastating 14% in November 1980, the final nail in the Carter presidency. The problem that is largely beyond his control - or any president’s control - is inflation. Of Biden’s top two, one, as I see it, is largely beyond his control. This, poll after poll tells us, is what a failed presidency looks like.Īll presidents have an endless list of problems. And, for good measure, a sharp approval in America’s reputation on the global stage. Nearly six dozen federal judges confirmed.

The biggest infrastructure rebuild and first major gun law in decades. The fastest wage growth in more than a quarter-century. A $1.9 trillion package to help Americans get by during the worst pandemic in a century. And, yet, imagine presiding over an economy that added a record 9.48 million jobs in a year and a half - more than the five and a half years before that combined. His presidency, critics say, has been a colossal flop.

#The biden optimism tv

In our superficial TV age where image is everything, these are political skills that cannot be overestimated, and here, the 79-year-old president falls short. Biden lacks their showmanship and oratorical gifts. Biden, statistically at least, is in the same boat.īut there’s one big difference between Biden and the others: Reagan, Clinton and Obama were far more skillful on the stage and behind the bully pulpit, as Theodore Roosevelt called it. Yet at this stage of their presidencies, Reagan’s, Clinton’s and Obama’s approvals stood at 42%, 42% and 46%. After all, according to the mother of all polls, Gallup, his approval is an anemic 41%.

Stick a fork in Joe Biden? That’s the conventional wisdom.