Burnett asks Biden how he is going to turn the economy around. He said he already has
So when you talk about the economy, of course, it is by far the most important issue for voters. It’s also true right now, Mr. President, that voters by a wide margin trust Trump more on the economy. They say that in polls, and part of the reason for that may be the numbers. And and and you’re aware of many of these, of course, the cost of buying a home in the United States is double what it was. When you look at your monthly costs from before the pandemic, real income, when you account for inflation, is actually down since you took office economic growth last week, far short of expectations. Consumer confidence may be no surprise. Is near A2 year low with less than six months to go to Election Day. Are you worried that you’re running out of time to turn that around? We’ve already turned around. Look, you look at the Michigan survey for 65% of American people think they’re in good shape economically. They think the nation’s not in good shape, but they’re personally in good shape. The polling data has been wrong all along. How many you guys do a poll of CNN? How many folks you have to call to get one response? The idea that we’re in a situation where things are so bad, the folks that, I mean we’ve created more jobs, we’ve made, we’re in a situation where people have access to good paying jobs. And the last I saw the combination of the inflation, the cost of inflation, all those things, that’s really worrisome to people with good reason. That’s why I’m working very hard to bring the cost of rentals down to increase the number of homes that are available. Let me say it this way. When I started this administration, people were saying they’re going to be a collapse in the economy. We have the strongest economy in the world. Let me say it again in the world. Although GDP last week was far short of expectations. Oh, it wasn’t. Look, GDP is still looking for response to the markets. Overwhelmingly positive. Overwhelmingly positive. And one of the reasons why people feel good about it not being as strong as it was before is they believe that the Fed’s going to respond. They hope they’re going to get a rate cut. Yeah. Well, so, but I mean, no presidents had the run we’ve had in terms of creating jobs and bringing down inflation was 9% when I came to office, 9%. But look, people have a right to be concerned, ordinary people, the idea that you’re you’re bounce a check and you get a $30 fee for bouncing the check. If I change that, you can’t charge more than 8 bucks for that or your credit card, you know, your late payment $35. I mean there’s corporate greed going on out there and it’s got to be dealt with.