NJ Governor Says Biden’s ‘Bidenomics’ Will Reach Average Americans

New Jersey Dem. Gov Phil Murphy is confident that President Joe Biden has had a positive impact in the United States’ economy. Speaking on CNBC’s “Power Lunch,” he stated that the strong record Biden has will soon show, as the reduction in inflation and in interest rates will spread in time.

“I think you’re going to see, connecting the unemployment question with the President’s popularity, I really believe there’s a lead lag here where the macro data is clearly getting better, inflation is coming down, it’s come down without having blown up unemployment,” he said.

“On the one hand, it hasn’t hit — if you’re at a grocery store or a gas station or getting a mortgage right now, you haven’t felt it yet, for sure. But I believe it’s only a matter of time. And with that, I believe the president’s support will solidify,” he added.

Murphy went further to assert that Biden has “an extraordinarily strong record” to base his 2024 candidacy on.

As he said, “I believe it’s only a matter of time until he does get that credit, when that reduction in interest rates and inflation hits the so-called man on the street. You’re seeing it, early signs of that, for instance, at the gas pump, where gas prices have come down meaningfully. You’ve got markets that are strong and they usually are a precursor to the underlying realities. You’ve got another good day in the market today. So, I really believe it’s only a matter of time, and I believe he has got an exceptional record to run on. And I’m looking forward to doing everything I can to help him.”

Murphy’s claims ignore the reality of most Americans who live paycheck to paycheck and often have to struggle with soaring gas and grocery prices. Although Biden’s camp continues to claim that he had a solid impact on the economy, the average American does not see it, as a recent poll showed that a whopping 85% percent of voters believe that so-called “Bidenomics” have either hurt them or done nothing to help them.

So far, only 14% of American voters have seen the effects of Bidenomics, according to that poll. A Wall Street Journal poll conducted recently also showed that only 23% of Americans believe Biden’s policies benefited them. In contrast, 49% of the respondents personally felt the positive impact of former President Donald Trump’s economic policies.