The White House finally believes it has an economic story worth telling. Now, it’s trying to figure out how to get voters to listen.
For now, President Joe Biden and his allies are focusing on the present — and hoping the current signs of progress will buoy the party into November. | Evan Vucci/AP Photo
“Legislatively, the last 90 days have been nothing short of amazing — that’s just a fact,” said Robert Wolf, an Obama-era economic adviser who maintains ties to the Biden White House. “We have to be really feeling good about what’s taken place.” In recent weeks, Biden advisers have counseled Democrats to counter skepticism about the economy by playing up specific signs of strength, such as continued wage growth and job gains in the manufacturing sector, people familiar with the discussions said. They’ve emphasized there’s little belief within the White House that the U.S. is on the verge of a recession.
“There is uncertainty, and we should be humble about that,” National Economic Council Director Brian Deese said on CNBC last week, after automaker Ford rattled the markets by disclosing an extra $1 billion in inflation-driven costs. Biden’s dismissal of a tick upward in the Consumer Price Index in August as “just an inch, hardly at all” during a recent “60 Minutes” interview caused some Democrats on Capitol Hill to wince. Lawmakers have also pressed the administration to seek new ways to cool housing prices, warning that their constituents are growing increasingly vocal about the issue., crediting Biden’s policies for steering the country out of 2021’s pandemic-induced recession.
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