Bidenomics and Its Impact : President Joe Biden calls the country’s improving economy “Bidenomics,” but Democrats like Rep. Chris Pappas of New Hampshire are cautious about taking credit for economic gains. Biden and top Democrats credit laws like the Inflation Reduction Act and the CHIPS and Science Act for the strong economy. Pappas, however, focuses on people’s daily struggles. In a recent study by The Associated Press and the NORC Center for Public Affairs Research, Biden’s economy approval rating is just 36%. This comes as Biden’s economic approval rating is only 36%.
While Democrats highlight decreasing inflation, low unemployment, and increasing shopper confidence, Pappas argues that these figures may not fully reflect constituents’ challenges. His ideas oppose the House Majority PAC’s suggestions for Democrats to “go on offense” regarding the economy. Pappas is a “Frontline” candidate at risk, according to the Democratic Congressional Campaign Committee. He says it’s not time for a “victory lap,” as people still struggle with high food and childcare costs.
The Bureau of Labor Statistics reports New Hampshire’s jobless rate as 1.7%, the lowest in the country. Pappas isn’t proud of the number of his voters who still need help financially. He said, “It’s about having a realistic view, and you can’t do that if you’re not grounded in people’s lives.”
Frontline Democrats argue that the positive economic signs are due to the Biden administration. Rep. Eric Sorensen, D-Ill., praised the economic rebound post-pandemic and credited Biden. Despite public sentiment, Biden’s disapproval ratings remain elevated, particularly regarding the economy.
Democrats like Pappas may be cautious due to people like Jamie Clavet, a 38-year-old marketing expert from Barrington, New Hampshire, and a new mother of three. Clavet discussed the challenges of paying for childcare and high food costs. Regarding “Bidenomics,” Clavet finds the claims appealing but hasn’t noticed any personal impact, particularly in her tax returns.
Democrats are pleased with economic improvement, attributing it to their legislative plan. Pappas says macro indicators may not reflect daily micro realities faced by Americans. This highlights the importance of staying grounded in constituents’ experiences.
Biden and House Democrats’ approaches highlight the party’s need for balance before the 2024 elections. Strong Economic numbers may look good, but the real test is how they affect daily life for American voters. Democrats in competitive districts are well aware of this.