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Biden’s economic scorecard touts fragile advantage
  + stars: | 2023-11-09 | by ( Ben Winck | ) www.reuters.com   time to read: +11 min
And if the political strategist James Carville was right that “it’s the economy, stupid,” the next several months could make or break Joe Biden’s economic record. As things stand, the current ruler of the free world touts a fragile advantage. Households’ disposable income after adjusting for inflation hit a record $20 trillion in the month that Biden’s measure was approved, according to the Bureau of Economic Analysis. STUDENT LOANSForgiving swaths of student debt was another of Biden’s campaign promises, but his efforts have so far failed. And with higher interest rates making debt service more expensive, Biden’s spending could come back to bite him on election day.
Persons: Joe Biden, Ken Cedeno, James Carville, Joe Biden’s, , aren’t, Breakingviews, it’s, Biden, Donald Trump, Mitch McConnell, , Realtor.com, Congressional Republicans haven’t, haven’t, WALL, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Edmond's Catholic, REUTERS, Rights, Reuters, House, Republican, AMERICAN, ACT, Brookings Institution, Analysis, Walmart, Nordstrom, Deere, Caterpillar, Republicans, Commerce Department, Micron, Bank of America, Gallup, Federal Reserve, United Auto Workers, RSM, Congressional Republicans, Biden, Reuters Graphics Reuters, Conservative, Thomson Locations: St, Rehoboth Beach , Delaware, U.S, New York, Arizona, West Virginia
"People in 23 countries tend to see U.S. President Joe Biden more positively than Chinese President Xi Jinping," it said in a report released on Monday. "A median of 54% have confidence in Biden to do the right thing regarding world affairs, compared with 19% who say the same of Xi." The countries surveyed were the United States, Argentina, Australia, Brazil, Britain, Canada, France, Germany, Greece, Hungary, India, Indonesia, Israel, Italy, Japan, Kenya, Mexico, the Netherlands, Nigeria, Poland, South Africa, South Korea, Spain and Sweden. "This year, overall views of the United States are much more positive than views of China in most places surveyed," it said. "On balance, views of the U.S. are much more positive than views of China," Pew said.
Persons: Joe Biden, Ken Cedeno, Xi Jinping, Biden, Pew, Xi, David Brunnstrom, Jonathan Oatis Organizations: Edmond's Catholic, REUTERS, Rights, Pew Research Center, U.S, APEC, Biden, Thomson Locations: St, Rehoboth Beach , Delaware, U.S, United States, China, Argentina, Australia, Brazil, Britain, Canada, France, Germany, Greece, Hungary, India, Indonesia, Israel, Italy, Japan, Kenya, Mexico, Netherlands, Nigeria, Poland, South Africa, South Korea, Spain, Sweden, North America, Europe, Asia, Africa, Latin America, San Francisco
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