![\"Joe](\"https:\/\/www.newscorpse.com\/Pix\/Dem\/biden-economy-chart.jpg\")
<\/p>\nWith nearly a year in the books, the Biden administration is taking stock of the progress made on the issues of most concern to the American people. As usual, the economy tops the list of public priorities with matters relating to jobs, inflation, wages, and making its debut appearance, the supply chain.<\/p>\n
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All of these ingredients are being stirred into a stew that is heavily seasoned with considerations about the holidays and the COVID pandemic. So it shouldn’t come as a surprise that the populace is anxious and looking forward with some sense of unease. Those doubts are being fanned by the press that has been pushing a decidedly negative perspective<\/a><\/strong>. And, of course, Donald Trump, is disgorging his usual litany of lies<\/a><\/strong>. The result is that President Biden and the Democrats are registering poorly in most recent polls.<\/p>\n However, when the economic environment is examined more closely, there is actually more cause for hope than despair. An article by Robert J. Shapiro for the Washington Monthly sums it up nicely with the headline, “It\u2019s a Biden Boom<\/a><\/strong> \u2014 and No One Has Noticed Yet.”<\/em> The article opens saying that…<\/p>\n “While many people are uncomfortable communicating bad news, Democrats have a problem these days talking about good news, especially on the economy. Based on the data, President Biden and the Democratic Congress are set to preside over the strongest two-year performance on growth, jobs, and income in decades \u2014 so long as the current cycle of inflation eases, and the Omicron variant does not trigger another round of shutdowns. The future paths of inflation and the pandemic are large and important unknowns \u2014 but if they break right, everything else points to a Biden boom through 2022.”<\/p><\/blockquote>\n Shapiro, a former Under Secretary of Commerce for Economic Affairs under Bill Clinton, enumerates the reasons for his optimism. They include the fact that…<\/p>\n Shapiro wonders, then, “Why is Biden\u2019s approval on the economy so far underwater?”<\/em> His answer is that “Americans\u2019 perceptions of the economy always lag actual economic conditions when those conditions have recently changed.”<\/em> And he predicts that “if the economy continues to improve…the midterm elections could well unfold during a formidable Biden boom, which certainly would be good news for the Democrats.”<\/em><\/p>\n Shapiro’s view is shared by Biden’s Chief of Staff, Ron Klain, who posted this presentation on the current state of the nation’s economics:<\/p>\n President Biden is delivering the fastest economic recovery in history. Some quick facts from @WHCOS<\/a>: pic.twitter.com\/hduEmgtc3q<\/a><\/p>\n — The White House (@WhiteHouse) December 9, 2021<\/a><\/p><\/blockquote>\n\n
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