Speaker Johnson: ‘It Is Bidenomics That Got Us Into This Mess’

One striking feature of the Bidenomics debate is the disconnect between macroeconomic data and public sentiment.

On paper:

Unemployment has hovered near historic lows.

GDP growth has remained positive.

Manufacturing construction has increased significantly.

Yet consumer sentiment surveys have often reflected pessimism.

This gap may reflect the psychological impact of inflation. Even after inflation slows, prices generally do not return to previous levels—they simply rise more slowly. For households adjusting to permanently higher prices, economic frustration can linger long after headline inflation falls.