Biden Notches Another Major Economic Win Despite American Anxiety

The U.S. economy grew by 4.9% in the third quarter of 2023, radically exceeding most expectations and allowing President Biden to notch another impressive economic win.

The measure of all goods and services produced in a country, GDP (gross domestic product), is arguably the single most important indicator considered by macroeconomists when evaluating a nation’s economy.

The near-5% in Q3 topped Wall Street projections, was the biggest quarterly GDP figure since 2021, and was driven in large part by consumer spending.

As Biden’s campaign has humorously noted, this accomplishment is extraordinary by the publicly-stated standards of Donald Trump.

The challenge for Democrats remains conveying this economic data to the public.

Despite the factual success of so-called “Bidenomics,” the American people have largely not credited the President with a strong economy.

Indeed, recent polls indicate that the association between Republicans and a strong economy in the eyes of most Americans is the highest it’s been in decades.

As the country rapidly approaches what will presumably be an uncomfortably-close rematch between the President and Trump, Democrats and their allies will have to work diligently and persistently to persuasively debunk the myth that Republicans are better stewards of the economy.

Conservative commentator Ben Shapiro famously proclaims “facts don’t care about your feelings,” but when facts don’t speak for themselves and voters often act on their feelings, bridging the gap isn’t merely important.

It’s essential.