As he prepared to leave for Christmas at Camp David, President Biden offered a brief but assertive response to a reporter’s question about the economy, a key issue as he navigates ahead of the 2024 elections. When asked about his outlook for the next year, the 81-year-old President replied, “All good,” and urged the media to report more accurately on the topic.
Biden’s presidency has been marked by economic challenges, reflected in his approval ratings concerning economic management. According to the latest RealClearPolitics average, his approval rating on the economy stands at 37.2%, with a 59.7% disapproval rate among Americans.
Biden’s tenure has seen periods of high inflation and supply chain issues, which have been a constant thorn in his side. Although inflation rates have decreased from their peak in June 2022 of 9.1% to 3.1% over the past 12 months, they still exceed the Federal Reserve’s target of 2%. These economic hurdles have hindered Biden’s popularity, despite wages and incomes gradually rising.
In response, Biden and his administration have been actively promoting their economic policies, dubbed “Bidenomics,” with varying degrees of public reception. This comes as former President Donald Trump, known for his higher public approval ratings on economic matters, looms as a potential opponent in the upcoming election.
Additionally, Biden briefly commented on Trump’s recent legal efforts seeking presidential immunity in relation to actions taken to overturn the 2020 election results. To a question about a president’s immunity from criminal prosecution, Biden responded, “I can’t think of one.” This comment came just hours before Trump’s attorneys filed their initial brief on the issue to the DC Circuit Court of Appeals.
This ongoing legal saga saw a recent development when the Supreme Court denied special counsel Jack Smith’s request for a rapid ruling in the case.