CNBC’s Joe Curnen called out White House economic adviser Heather Bushey on Wednesday in an attempt to explain why President Joe Biden’s approval ratings are falling.
A recent Reuters/Ipsos poll showed Mr. Biden’s voter approval rating at 41%, with the economy and inflation being the top concerns.of Poll, released June 7, surveyed 1,056 adults.
Co-host Rebecca Quick called on Bushey to refute the argument that the American Rescue Plan caused some of the inflation that currently plagues the US economy. Bushey argued that the plan would help accelerate job growth and real wage growth, noting that inflation would affect other countries as well.
“[Biden] The president has made inflation a priority, but he’s also made it a priority to get this economy on track, get people back to work, provide financial security so families can thrive, and bring it to America. Do it the way your business allows. Thanks to a series of legislative measures introduced by the president, we are seeing massive investments and thriving like we are seeing across the country,” she said. “Right now, I think there is $490 billion of private sector investment across the country for semiconductor and clean energy investments.” (Related article: ‘We’re trying to understand’: CNBC host slams Biden adviser over key parts of ‘Bidenomics’)
“What do you think the average person needs to see to change how they feel and see themselves? But the president’s approval ratings on economic issues have been consistently low, recently below 40 percent, so are they, I mean, I don’t know how they feel about things, or I don’t think it’s wrong to feel concerned or struggling to make ends meet because of inflation. You don’t seem to understand all of this?” asked co-host Joe Curnen.
“I was — I didn’t say that — I mean, certainly when I look at the polls and I get people’s minds, I always start with the policies that the vast majority of Americans are overwhelmingly against. Their income comes from keeping their jobs,” Bouchey argued. “It brings economic security to them and their families, which is one of the reasons the president has made it a priority to get the economy back on track and get people back to work. Since we began compiling this data in 1948, just after World War II, so many women aged 25 to 54 in their prime have entered the workforce. I haven’t seen them participating in the .As an indicator.”
The administration is trying to tout its economic performance, and Mr. Biden is scheduled to give a speech on Wednesday detailing “Bidenomics.” The administration also announced on Monday that it will invest $40 billion in high-speed internet.
