Former President Barack Obama said that President Joe Biden has fixed the economy amid continued economic downturn.
Speaking at a campaign event for Pennsylvania Senate candidate John Fetterman in Philadelphia, Obama said that Biden has repaired the economy while keeping unemployment low.
Barack Obama says Biden has 'repaired the economy and kept unemployment low' amid 8.2% spike in prices https://t.co/z5sJXdo3AR
— Fox News (@FoxNews) November 6, 2022
“Think about what Joe Biden has already got accomplished. Despite historic pandemic, he not only repaired the economy and kept unemployment low, which, by the way, you should not take for granted, because a lot of folks thought with a historic pandemic like that and the shutdown, that we would potentially go into a Great Depression, and we did not,” Obama said on Saturday.
“If you help Democrats keep the House and get a few more seats in the Senate, you can guarantee he’ll make more progress on the issues you care about,” he continued.
The Labor Department’s latest Consumer Price Index report shows that inflation increased to 8.2 percent.
While Obama claims that Biden has been a competent president, his approval ratings say otherwise. The president’s most recent approval ratings show that 60 percent of Americans disapprove of this performance, according to a Quinnipiac University survey.
Biden last week said he “appreciates the frustration of the American people” during this time of high inflation and once again directed the blame toward Russian President Vladimir Putin for the current state of economic affairs.
“One of the things that I think frustrates the American people is they know the world is in a bit of disarray, they know that Putin’s war has imposed an awful lot of strains on Europe and the rest of the world and the United States, everything from him blocking grain shipments and oil,” he said. “And they want to know, what are we doing. And, there’s a lot going on that we’re doing and it adds up.”
As the Nov. 8 midterm elections come closer, Democrats are fearing that the infighting and overall dissatisfaction with the Biden administration could cost them their majority in Congress.
A recent NYT/Siena College survey found that 49 percent of voters are more likely to vote for a Republican candidate in the midterms, compared to the 45 percent who plan to vote for a Democrat.
