Biden’s Media Allies Can’t Spin Away Our Economic Malaise

President Joe Biden delivers remarks on the economy during a speech in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, D.C., November 23, 2021. (Evelyn Hockstein/Reuters)
The economy is in rough shape, voters know it firsthand, and they won’t be convinced otherwise.

NRPLUS MEMBER ARTICLE I n an excellent piece in today’s New York Times, David Leonhardt observes that “in recent weeks, economists and pundits have been asking why Americans feel grouchy about the economy when many indicators — like G.D.P. growth, stock prices and the unemployment rate — look strong,” before concluding that the “supposed paradox” to which they are pointing is “not really a paradox.” “Americans think the economy is in rough shape,” Leonhardt writes bluntly, “because the economy is in rough shape.”

Leonhardt is correct, and his explanations are solid. But he is remiss in one area: He doesn’t explain why “economists and pundits have been asking why Americans feel grouchy about

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