Amid conflicting signals regarding the economy, the Biden administration and Republicans are trying to paint a picture of the country's overall economic health for the electorate.
With President Joe Biden and many congressional leaders out of Washington and on vacation, attention is shifting toward selling their vision to voters, who will decide control of the House and Senate in November."Americans all across the country are back at work in record numbers," Biden said in a statement released Friday."[Twenty-two] states — a record high — have unemployment rates at or below 3 percent, and 14 states now have their lowest unemployment rate on record.
The housing market is also slackening, largely as a result of federal interest rate hikes. A housing market index released Monday by the National Association of Homebuilders and Wells Fargo found that builder confidence sank 6%, falling into negative territory for the first time since early 2020, which was also the last recession.
"We’re basically saying, 'Democrats have brought down drug, healthcare and energy prices. Republicans have allowed Big Oil to gouge you,'" said JoAnn Loulan, the group's co-founder."'Democrats have voted to lower your drug prices. Republicans have voted against that.' We say very simple messages even with the Inflation Reduction Act, which is very complex."The GOP is pointing at other factors, such as gas prices that are up nearly $1.
They've also countered several dubious claims about the economy made by Biden and White House officials in recent weeks. That pattern continued this week as Biden's press team promoted a story claiming that voters should interpret falling gas prices as a $100 monthly raise.
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