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2024 forecast looks like a bleak return to, ‘It’s the economy, stupid’

25 94
01.01.2024

The 'Outnumbered' panel weighs in on President Biden's attacks against the media for its coverage of the economy.

As we set out for 2024 – a presidential election year that will no doubt be a defining one in our nation’s history, I am reminded of James Carville’s famous words in the 1992 presidential election, "It’s the economy, stupid."

The Biden administration continues to tout Bidenomics, despite the fact that the majority of Americans believe that they are economically worse off than they were during the Trump administration. Americans also believe that their economic perspectives would be better during a second Trump administration.

Talking heads on financial networks are painting a rosy economic picture for the year ahead. Are they right, or simply parroting the current administration’s talking points?

BIDEN BOASTING ABOUT THE ECONOMY MAKES HIM APPEAR 'OUT OF TOUCH' WITH MAINSTREAM AMERICA: ECONOMIST

The economic data is sending mixed messages, but I believe that 2024 is going to be a rocky road.

An election focused on his economic performance could leave President Joe Biden out of a job. (AP Photo/Evan Vucci)

The November 2023 Consumer Price Index, the leading indicator of inflation, was 3.1%. A good number, but higher than the Federal Reserve’s goal of 2%.

Core inflation, which removes volatile food and fuel rates (which impact working Americans the most)........

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