Connect with us

Hi, what are you looking for?

Opinion

Dem Gov. Murphy: Biden Will Get ‘Credit’ for ‘Strong’ Economic Record when It Reaches People

via NBC News

New Jersey Governor Phil Murphy expressed on CNBC’s “Power Lunch” that President Joe Biden has a strong record, anticipating that as interest rates and inflation decrease, the public will give Biden credit.

Murphy linked the decline in unemployment and improving macroeconomic data to Biden’s potential rise in popularity.

He highlighted the positive signs such as decreasing gas prices and strong stock markets as indicators of this trend. (Trending: Democrat Found Guilty In Corruption Trial)

Murphy emphasized that Biden has a strong record to run on and expressed his willingness to support the President.

“It’s only a matter of time until he does get that credit, when that reduction in interest rates and inflation hits the so-called man on the street,” Murphy said.

“I think you’re going to see, connecting the unemployment question with the President’s popularity, I really believe there’s a lead lag here where the macro data is clearly getting better, inflation is coming down, it’s come down without having blown up unemployment.”

“On the one hand, it hasn’t hit — if you’re at a grocery store or a gas station or getting a mortgage right now, you haven’t felt it yet, for sure.”

“But I believe it’s only a matter of time. And with that, I believe the president’s support will solidify.”

“He has, I believe, an extraordinarily strong record to run on. This is not a question, are we speculating what kind of President he would be.”

“This is not a hypothetical. … I think it’s that lead lag factor that I referred to a minute ago. I believe it’s only a matter of time until he does get that credit, when that reduction in interest rates and inflation hits the so-called man on the street.”

“You’re seeing it, early signs of that, for instance, at the gas pump, where gas prices have come down meaningfully. You’ve got markets that are strong and they usually are a precursor to the underlying realities.”

“You’ve got another good day in the market today. So, I really believe it’s only a matter of time, and I believe he has got an exceptional record to run on. And I’m looking forward to doing everything I can to help him.”

Most Popular:

Judge Announces Historic Ruling In Jeffrey Epstein Case

Assault Weapons Ban Set To Take Effect, Here’s What To Know

Prominent LGBTQ Activist Arrested Over Disturbing Charges

You May Also Like

Media

Real estate agent Mauricio Umansky warned of a “perfect storm of total unaffordability” in the housing market due to high interest rates, low supply,...

U.S. News

A lawsuit alleges Jeffrey Epstein had surveillance cameras monitoring victims and guests inside his New York mansion. Two Epstein accusers, Danielle Bensky and Jane...

Politics

President Joe Biden has the power to pardon criminals and has utilized this authority for numerous convicted individuals. Recently, it was discovered that Biden’s...

Politics

Former President Trump has identified several potential running mates, including Ron DeSantis, Tim Scott, Vivek Ramaswamy, Kristi Noem, Byron Donalds, and Tulsi Gabbard. Trump...

Media

A professor at Cal State University known for her involvement in Black Lives Matter criticized the Kansas City Chiefs’ Super Bowl victory and Taylor...

Gallery

In the vast expanse of our cosmos, Earth is not alone in its journey around the sun. Celestial body The Moon is a celestial...

Opinion

Tests of Google’s Gemini, Meta’s AI assistant, Microsoft’s Copilot and OpenAI’s ChatGPT revealed potential racial biases in how the AI systems handled prompts related...