Fact Check: "Biden's First Term Was Terrible for the American People"
What We Know
The claim that "Biden's first term was terrible for the American people" reflects a sentiment that has gained traction, particularly in light of economic challenges during his presidency. A significant factor influencing public perception has been inflation, which peaked at an annual rate of 9.1% in June 2022, the highest since the 1980s (source-1). This spike in inflation coincided with a dramatic drop in Biden's approval ratings regarding his handling of the economy, falling to as low as 28% in June 2022 (source-1).
Despite these challenges, there have been notable improvements in certain economic indicators. For instance, the unemployment rate has consistently remained below 4% since mid-2022, and inflation has gradually decreased to around 3% by mid-2023 (source-1). Furthermore, the Biden administration has implemented several significant policies, including the American Rescue Plan and the Bipartisan Infrastructure Law, aimed at stimulating economic recovery and growth (source-2).
Analysis
The assertion that Biden's first term has been "terrible" is subjective and heavily influenced by public sentiment rather than solely by economic data. Polling data indicates that while economic indicators such as unemployment and inflation have shown improvement, public perception has not aligned with these metrics. For example, even as inflation rates decreased, Biden's economic approval ratings remained low, with only 33% approval as of August 2023 (source-1).
The disconnect between objective economic performance and public perception can be attributed to various factors, including the lingering effects of the COVID-19 pandemic and geopolitical events such as the war in Ukraine, which have contributed to inflationary pressures (source-1). Additionally, a Fox News poll indicated that a significant portion of the public believed Biden's actions were not effectively addressing inflation, with 16% more voters feeling he was exacerbating the problem (source-1).
The Biden administration has touted its economic achievements, claiming that the American Rescue Plan and other initiatives have led to a historic recovery and job growth (source-2). However, the effectiveness of these policies is debated, with critics pointing to the persistent low approval ratings as evidence of dissatisfaction with Biden's economic stewardship (source-4).
Conclusion
The claim that "Biden's first term was terrible for the American people" is Partially True. While there have been significant economic challenges, particularly concerning inflation and public perception of Biden's economic management, there have also been positive developments such as low unemployment rates and legislative efforts aimed at economic recovery. The mixed nature of these outcomes suggests that while many Americans feel negatively impacted, the overall economic data presents a more nuanced picture.
Sources
- Biden's Handling of the Economy | ROPER CENTER
- FACT SHEET: The Biden-Harris Administration Record
- Economic policy of the Joe Biden administration - Wikipedia
- Confidence in Biden Economic Stewardship Historically Low
- Charting the Biden economy: Despite all the growth and ...
- Joe Biden - Research and data from Pew Research Center
- Comparing the U.S. economy under Trump and Biden
- Why Biden's strong economy feels so bad to most Americans