The July jobs report was released earlier on Friday, showing fewer jobs were added than Dow Jones estimated, with another takeaway including a hiring slowdown. Predictably, President Joe Biden saw the report as a cause for celebration, with a statement posted to the White House website and his official account also sending out a tweet acknowledging the report. A more lengthy thread came later on in the day. This all happened just as Biden and First Lady Jill ended their vacation in Rehoboth Beach, heading straight to Wilmington, Delaware for the weekend. As much as Biden and his administration may be trying to make Bidenomics happen, the American people just aren't too inclined.
Not only did Biden tout claims about job creation on Friday morning, he also brought it up again in his tweets later that same day.
Second, we're empowering American workers.
— President Biden (@POTUS) August 3, 2023
On my watch, real incomes and household net worth are up, Americans are back in the workforce at record rates, we're creating good jobs that don't require a 4-year degree, and we're reversing the 40-year decline in unionization.
Our friends at Twitchy pointed out how his thread irked even Leftists, but there's points of clarification that are worth repeating as many times as necessary, no matter who is pointing them out.
It's not that Biden is creating all of these jobs as he and Vice President Kamala Harris and others in the administration are so set on claiming. Rather, as Mia has pointed out before in her multiple fact-checks, people are returning to jobs they were forced to leave during the COVID-19 pandemic.
Wages are also down under the Biden administration, a claim that has gotten the Biden White House's tweets slapped with community notes labels before.
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Inflation-adjusted income is up 3.5% since @POTUS took office and low-wage workers have seen the largest wage gains over the last year – helping power our economy.
— The White House (@WhiteHouse) July 12, 2023
Bidenomics is growing the economy from the middle out and the bottom up.
Speaking of Harris, she has given her own delusional defense of Bidenomics and how this administration is handling the economy in recent days, including on Friday.
If the Biden administration's plan is really "about building back up wages" and "bringing down costs," they've failed to do that.
KAMALA HARRIS: "It's about building back up wages and it's also about bringing down costs!"
— RNC Research (@RNCResearch) August 4, 2023
Since Biden and Harris took office, prices are up by 16.6% and real wages are down by 3%. pic.twitter.com/fCqPgwUsia
KAMALA HARRIS: "That is called Bidenomics! Ha ha ha! That is called Bidenomics and we are very proud of Bidenomics!" pic.twitter.com/JwXWeePr1m
— RNC Research (@RNCResearch) August 4, 2023
But the souring on the economy began even before Friday's job report and the Democratic responses to it.
Wednesday's VIP piece examined at length how CNN has been forced to admit that former and potentially future President Donald Trump is not only almost certain at this point to win the Republican nomination, but he has a real chance at winning the presidency. That included analysis from Harry Enten. In addition to putting out such a piece on Sunday, he also on Thursday appeared on "CNN News Central," where he spoke further about how poorly Biden is doing, which particularly has to do with his handling of the economy.
The segment was discussing the results of a just recently released CNN July poll. It clearly pained the outlet to come up with the headline that they did focusing on American's economic worries, but here's how the poll's write-up began:
Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
This consistent pessimism, coupled with a stagnant and negative approval rating for President Joe Biden, could portend challenges for his attempt to sell voters on the success of his domestic agenda as a part of his 2024 reelection bid.
The poll also showed Biden with a 41 percent approval rating, while 59 percent disapprove. Just 37 percent approve of how he's handling the economy, while 30 percent approve of how he's handling inflation.
"I'll note the reason why that his approval rating is so low at this point is because it comes down to the economy. If you look at Joe Biden's approval on the economy right now, it stinks. It is well below 40 percent. You see it there. Thirty-seven percent approval on the economy. And that's the top issue in our poll. So, I don't think it's much of a surprise if you are thinking, on the issue that's most important to the American public, that your approval rating also stinks," Enten explained, emphasizing just how bad this looks for the president.
CNN: "If you look at Joe Biden's approval on the economy right now, IT STINKS" pic.twitter.com/N8cmOZeo26
— RNC Research (@RNCResearch) August 3, 2023
In discussing the timing of the poll's release with Kate Bolduan, Enten offered that even with supposed economic improvements, the president's "overall approval rating and his approval rating on the economy really hasn't gotten much better." This is especially considering that, as Enten explained, "inflation, yes it's down compared to a year ago, but compared to two years ago it's still way up. So I think people are taking the longer range view than just the shorter one over the last year."
"Biden's overall approval rating, and his approval rating on the economy, really hasn't gotten much better," says CNN's Harry Enten.
— RNC Research (@RNCResearch) August 3, 2023
"Inflation, yes, it's down compared to a year ago — but compared to two years ago, it's still WAY UP." pic.twitter.com/EnZ3qkV2vw
And it wasn't just CNN, either. On Tuesday Emily Stewart examines Bideonomics for Vox, wondering "Can Joe Biden convince Americans the economy is actually good?" Interestly, her subheadline reads "Bidenomics, or the real story of a sort of made-up thing."
Although the piece refers to the economy as "pretty decent at the moment," it later acknowledges that Americans aren't really feeling that way:
Beyond its exact contours, Bidenomics is an attempt by the president to package his approach to the economy, much of which is quite complex, in a way that — he hopes — voters can appreciate and understand. But more than a specific set of economic principles, Bidenomics seeks to create a narrative around the economy and tell a story about what’s happening in order to counter the vague sense of negativity felt by many Americans. In economics and politics, perception can be as important as reality, and Biden is trying to shape that perception.
...
Just how receptive the American public will be to Biden’s economic appeal is an open question. The way people feel about the economy is notoriously partisan — Republicans say everything’s awful when a Democrat is in the White House, and vice versa. While consumers overall are starting to feel better about the economy, they’re still bothered by high inflation, and it’s not clear that the economy’s vibes are all that great, whatever the data says. Whether tying himself to the economy will be a win for Biden is unclear, but he may not have a choice either way.
And, although Stewart's piece towards the end again tries to emphasize what she sees as the positive elements of this administration, she nevertheless knows that she cannot escape the narrative that the American aren't feeling too comforted right now.
"At the same time, many people don’t necessarily associate these positive developments with Biden, nor do they feel very positive about the economy or him overall," she points out, speaking to benefits such as airline seating and hearing aid prices. "Polls show that voters remain quite negative on the economy and on the president’s handling of it. Whatever the aggregate data says, you can’t tell people their perceptions and personal experiences are wrong," she admits.
The CNN poll mentioned above is not an outlier. It was also released after Stewart's piece was published. Overall, Biden has just a 38.3 percent approval on the economy, while 58.3 percent disapprove, according to RealClearPolitics (RCP). Those numbers are even worse for the president on inflation, in that just 33.3 percent approve while 62.5 percent disapprove.
Stewart's analysis made the Tuesday afternoon edition of RCP.