David Axelrod discusses the current economic situation under President Joe Biden, highlighting the challenges of high cost of living and inflation despite overall economic progress.
Key Points
Biden's economic successes are overshadowed by the impact of high cost of living and inflation on the public.
Linking with people's everyday experiences is crucial for effective communication of economic progress.
Pros
President Joe Biden has achieved positive economic outcomes.
The U.S. is recovering well from the pandemic compared to other countries.
Cons
High cost of living and inflation remain significant challenges for the economy.
People are experiencing the economy negatively through increased costs at grocery stores, rents, and mortgages.