Posts tagged labour
Summer of discontent: will US strikes spell trouble for ‘union guy’ Biden?
July 24, 2023 // On Thursday he was at the Philadelphia Shipyard in Pennsylvania to promote “Bidenomics”, a recently adopted slogan. The president said: “We have a plan that’s turning things around pretty quickly. ‘Bidenomics’ is just another way of saying ‘Restore the American Dream’.” But that message is still struggling to break through with voters. In a CNBC All-America Economic Survey released this week, 37% approve of Biden’s handling of the economy and 58% disapprove. In a Monmouth University poll, only three in 10 Americans feel the country is doing a better job recovering economically than the rest of the world since the pandemic. There is a baffling disconnect between these opinions and data that shows America defying predictions of recession and curbing price rises faster than other major economies. Inflation has fallen from 9% to 3% and is now at its lowest point in more than two years.