On 2/6/2023, Top Econ Advisor Brian Deese doubles down amid Biden failures: “The State Of The Economy Is Strong”. A reporter asked Deese, “what would you say is the state of the economy, just specifically drilling down on the economy?”
MR. DEESE: Yeah. Well, on Friday morning, when I was over with the President in South Court, he — he said this, so I will just say what he said on Friday, which is that the state of the economy is strong …
Reporter: Another polling question. I know you touched on it a little bit with some of my colleagues’ questions. You mentioned how the President said Friday that the state of the economy is strong. We had a poll out over the weekend — ABC News — that found that 41 percent of Americans say they’re worse off financially now than before this President took office. How do you explain the disconnect there of why this administration’s message about the strong economy is not getting through?
MR. DEESE: Right. So — so, I think — I think the poll that you just cited is actually consistent. So, about two thirds of Americans say that their — their circumstances are better than — than before — you know, say it either way … that is, in part, reflected in the data that you’re saying — is that more Americans believe they’re in a better economic position in terms of their own balance sheet … so, for all those reasons, it’s — it’s understandable that even as personal household circumstances for the majority of people have improved, the anxiety — the economic anxiety is real.
Reporter: Yeah, I mean, building off that same question, I guess, when — you’ve been asked variations on this on the perceptions voters are having on the economy. But when do people start feeling more optimistically about the outlook?
And just to clarify on the stat that was just cited, it’s only 16 percent of those in the pool — poll believe they’re financially better off than when they entered — than when Biden entered the office — the White House. It’s 42 percent feel about the same. So, just to clarify, it’s only 16 percent are feeling better off.
Yeah, so what’s your — so, when do people start feeling — more people start feeling better off about the financial future of the country?
MR. DEESE: Well, look, I think that — I don’t want to — you know, I don’t want to repeat myself, only to say we have more work to do … those are all reasons why we should — we should continue to — continue down the path of the progress that we have made.
Ultimately, the ultimate — you know, the — the ultimate test of — of an economic policy and an economic outcome is whether families feel more economic security in their lives.
Reporter: The President has a lot of good news to tout tomorrow … I’m wondering, though, if you can help us get a better sense of his thinking on a lingering problem. The other day, when he was asked about inflation, he said that it was, quote, “already there when I got here.” Of course, inflation, when he arrived on Inauguration Day, was at 1.4 percent.
So, did the President misspeak? Or was he referring to more inherent challenges when he was — when he made that statement?
MR. DEESE: … we are making progress. nd globally, as inflation is a challenge everywhere, the United States is one of the places where we’re seeing one of the strongest and most resilient labor market recoveries with inflation coming down as well.
Reporter: A number of them dealt with this perception issue of how Americans are feeling differently than a lot of the positive data you have. Is there a perception issue in the other direction on inflation? Because when the President says he’s not responsible for inflation, that it’s a global issue and things like that, is there a problem or — or maybe a gap somewhere in how the White House views inflation when so many Americans feel it on a daily and weekly basis when they’re having to meet their obligations? Is there a perception gap on inflation here?
MR. DEESE: No, not at all. I mean, you have a President who has gone out and said that his top economic priority is to bring down inflation. You have a President that prioritized working with Congress to pass a bill called the Inflation Reduction Act … and as a result, in no small part because of those efforts, we’re now seeing progress. That progress is not sufficient. We need to keep making more progress.
Reporter: Speaker McCarthy clearly believes Democrats in the White House will give Republicans some concession for raising the debt limit. I’m wondering why Democrats wouldn’t negotiate at all over that debt ceiling.
MR. DEESE: So, we’ll just circle back. I think I’ve answered elements of this before. It’s important to distinguish between two things. One is the full faith and credit of the United States government
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Q: polling only 16% better off! A: Economy is Strong, 2/3 better off, just FEELING & wrong perception