This is a news story, published by Washington Examiner, that relates primarily to Biden news.
For more Biden news, you can click here:
more Biden newsFor more Us federal policies news, you can click here:
more Us federal policies newsFor more news from Washington Examiner, you can click here:
more news from Washington ExaminerOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal policies, you might also like this article about
Biden White House. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Biden administration news, Biden reelection news, news about Us federal policies, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
President Joe BidenWashington Examiner
•69% Informative
President Joe Biden faces an abysmal 38% approval rating on the economy.
Julian Zelizer : Biden inherited a difficult economy, but his aggressive spending and regulations drove inflation higher than necessary.
Zelizer says the White House ignored economists who warned that the American Rescue Plan was a massive overreach whose steep cost would trigger inflation.
He says inflation spiked exactly as warned, reaching 9.1% in 2021 .
Frida Ghitis : Biden 's most lasting economic legacy may be his historic spending and debt binge.
She says the White House treated inflation as a communications challenge to message with talking points rather than an economic problem to solve with disinflationary policies.
Ghitis says the S&P 500 is up 43% over the president’s 3 1/2 years in office; the economy, while sluggish, has managed to avoid falling back into recession.
Last year , the budget deficit, excluding the canceled student loan bailout, doubled from $1 trillion to $2 trillion .
At 7.5% of gross domestic product, last year saw the largest budget deficit in American history outside of temporary emergencies such as wars and recessions.
Biden has not only pushed this borrowing spree, but he also opposes attempts to rein in deficits.
VR Score
72
Informative language
70
Neutral language
9
Article tone
formal
Language
English
Language complexity
60
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
short-lived
External references
53
Source diversity
29
Affiliate links
no affiliate links