“At the time I took office about 16 months ago, the economy had stalled, and COVID was out of control,” the President announced on Twitter.
“Today, thanks to the economic plan and the vaccination plan that my Administration put into action, America has achieved the most robust recovery in modern history.”
Though Biden’s confidence isn’t shared by the majority of Americans, a new poll states - over eight out of every 10 respondents announced the economy was either “poor’ or “not so good.”
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Thirty-five percent of people who participated in the Wall Street Journal-NORC Poll stated they were not satisfied with their financial situation at all, which the Journal notes is the highest level recorded since the question was first questioned half a century ago.
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It comes as nationwide average gas prices reached yet another high on Monday, only exceeding $4.86 per gallon, according to the American Auto Association (AAA).
The average was about $2.39 per gallon the week of January 25, 2021 - days after Biden was inaugurated.
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An economics specialist explained that Biden’s remarks show he’s “out of touch” with most Americans’ feelings.
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“The President seems to be taking a lot of credit for what would have happened pretty much under any Administration, because you we had a situation where the economy was essentially flipped off and then flipped on again, and there was going to be a very sharp recovery for the most part because it was such an unnatural type of recession,” explained Patrick Hedger, executive director at Taxpayers Protection Alliance
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“But so, for him to say that Americans should feel more grateful is really out of touch. Because the most basic things Americans need from gas to food are the prices are pretty out of control.”
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Gas prices more than doubled what they were when Biden took office when they hit $4.85.
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Questioned regarding whether the White House has any new initiatives to assist and ease the burden, Press Secretary Karine Jean-Pierre stated Monday that she does not “have anything to preview.”
Though compounding that was inflation increasing 8.3 percent in April, Americans aren’t just feeling the financial strain at the gas pump.
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They leveled off after months of consecutive records peaked in March with an 8.5 percent increase, though the jump remains at an approximately 40-year high.
High gas prices driven by inflation - which Biden officials have attributed to the U.S.’s economic recovery from the COVID-19 pandemic - were exacerbated early this year when Russia’s attack on Ukraine upended the global energy supply chain.
