Fascinating little window
- Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
- 55% believe the economy is shrinking (it is growing)
- 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
- 58% said the reason the economy is worsening is due to Biden’s mismanagement
Hence why I said “it appears to be due to Biden’s mismanagement only insofar as Biden has opted for largely continuity neoliberalism”. He didn’t create the situation and he’s tried to combat it, but there is so much more he could have done, given that the underlying problem is neoliberalism.
Is there so much more he could have done without an act of Congress? We saw from Trump’s presidency that most executive orders do not hold up in court and Congress controls the power of the purse.