MSNBC's Lawrence O'Donnell is joined by Yale Professor Jeffrey Sonnenfeld to discuss the latest evidence of the successes of Biden's economic policies. Sonnenfeld says Biden is having the strongest positive effect on the economy of any president since FDR.
“Strongest positive effect” is a wee bit different than “most successful.” And with the dumpster fire that he inherited, that’s arguably to be expected.
Still, positive is positive, and worth recognizing, I suppose.
The problem is that this administration is spinning record high inflation as “we lowered inflation for 6 straight months!”. They lowered the rate of inflation almost back to what it was when they took power after a year of record high rampant inflation. They’re spinning “record high gas prices” as “we’ve lowered gas prices more and faster than anyone in history” to hide the fact that gas prices increased to the highest in history under them, and they’re still higher than when they took office.
It’s all spin. I’m almost all measures the economy is still worse than when he took office. Another good example was the recent “illegal border crossings are the lowest in 2 years” thing. Are they? Sure. Are they still higher than the day Biden took office just over 2 years ago? Yep! Choosing the 2 year figure wasn’t by accident - it’s because it isn’t lower than it was the month before then when trump was in office. And in those 2 years millions more illegals came across the border than in the 2 years before then.
Politicians spin things, and their fans eat it up.