For the last week or so, Biden and his team have been pushing the term "Bidenomics."
Here's a smattering of that campaign.
Most of these are just straight up spin.
The Biden team says it depends on when you start measuring.
If you start at the end of the pandemic, after Democratic governors locked their states down in a totalitarian nightmare, bringing the nation's economy to a screeching halt, then where we're at right now looks great.
If you start pre-pandemic, then things aren't looking quite so hot.
On the other hand, inflation was at 1.4% when Biden took office. For that to look better, the Biden team is looking at how inflation is down from its peak in 2021 (when Biden was in office).
So, how are things really going?
Interest in pawn shops is a great canary in the economic coal mine. As long as people aren't pawning their valuables to pay bills, things are okay.
But this year has seen a sharp uptick in Google Trends for the phrase "pawn shops near me." And the number of searches is rising week by week.
The reality is average American households have lost over $33,000 in real wealth in just the last year.
And even though year-over-year inflation is down, it's still at the highest it's been in decades.
Bill Clinton's campaign manager is famous for saying, the key to winning elections is "the economy, stupid."
But I think our president may be making one of his famous gaffes in his campaign strategy here. He seems to be thinking that the key to winning elections is "you are stupid about the economy."
