U.S. President Joe Biden and Vice President Kamala Harris arrive prior to speaking at an event marking the day that families will get their first monthly Child Tax Credit relief payments through the American Rescue Plan at the White House on Thursday July 15, 2021 in Washington, D.C. Credit: Alex Edelman / Pool via CNP
Last updated on July 18th, 2023 at 02:06 pm
A new consumer survey from the University of Michigan found that the American people are feeling good about the direction of the economy and inflation.
Check out the full data from the University of Michigan. The most recent month can be found on page four.
The university’s preliminary reading for June showed that consumer sentiment rose 8% from the prior month, “reflecting greater optimism as inflation eased and policymakers resolved the debt ceiling crisis,” according to a release. Sentiment is at its highest level in four months.
Consumers’ inflation expectations for the year ahead retreated for the second straight month, declining to 3.3% early this month from 4.2% in May.
One of the key components of a president winning reelection has traditionally been a solid economy and voters being satisfied with the direction while feeling good about the future.
When voters are worried about the future, they are more likely to make a change. If President Biden steadily guides the country and voters feel good about the economy, Republicans will not have much to work with in 2024. If the Republican nominee is Donald Trump, Republicans might find themselves in too deep of a hole to dig themselves out of.
Trump represents corruption, chaos, and instability to the majority of the country. He is perhaps the worst person that Republicans could nominate as their candidate to make the argument against a second Biden presidential term.
The country is not back on pre-pandemic footing, but the data suggests that the United States is moving in the right direction. If progress and optimism continue to grow, Republicans might not have a viable path to victory in 2024.
Sen. John Fetterman (D-PA) pointed to Elon Musk's activities in Pennsylvania as moving the needle…
Joe Biden became the first American president in history to visit the Amazon rainforest.
House Democratic Leader Hakeem Jeffries (D-NY) responded to Trump's cabinet nominations by pointing out that…
Donald Trump has been saying for a year that he will allow Netanyahu to do…
Trump and the Republicans are racing the clock because recent history shows that they won't…
Trump's nomination of RFK Jr. to run Health and Human Services has resulted in CDC…
This website uses cookies.
