Biden’s economic success story could fall flat among people still struggling – POLITICO

by | Sep 26, 2022 | Financial

President Joe Biden arrives at John F. Kennedy International Airport to attend the United Nations General Assembly, Tuesday, Sept. 20, 2022, in New York. | Evan Vucci/AP Photo

The White House finally believes it has an economic story worth telling. Now, it’s trying to figure out how to get voters to listen.
Emboldened by a string of legislative victories, President Joe Biden has leaned into his record on the economy, increasingly confident that the nation’s outlook is brightening after months under a cloud of rising prices and consumer anxiety.

Wages are up, gas prices are down, the thinking goes. And following a year of fits and starts, Biden clinched congressional deals aimed at reshaping major parts of the U.S. economy — and cementing elements of his own presidential legacy.

But just as the White House was rushing to capitalize on its winning streak — in hopes of turning around an economic narrative that has dogged the administration from its earliest days — complications have arisen. The lengthy fall in gas prices finally ended, inflation has stayed stubbornly high and a bleak global economic landscape has rattled the markets, with both the Dow Jones and S&P 500 nearing their weakest levels of the year.

The cross currents of economic and political news have left the White House in a tricky position. After spending much of his term battling inflation and fears of a recession, Biden has begun traveling the country touting long-term investments in manufacturing and c …

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