Sen. Chris Coons (D-DE) argued that prices in the United States have “come down” amid concerns about inflation in the country.
Coons rejected the idea that the U.S. economy was in better shape under former President Donald Trump, arguing that “the stock market hit an all-time high” on Friday and that unemployment is under 4% under President Joe Biden‘s leadership. He added that the price of insulin is now capped at $35 per month
“For the American public, we’re beginning to see the positive impacts of President Biden’s real leadership on our economy,” Coons said during an appearance on CNN’s State of the Union.
Coons’s statement comes only a couple weeks after he said that younger and working-class people “aren’t quite feeling it” regarding Biden’s economic policies. He also previously said that he would rather be in a place where the “polls are soft, but the underlying economics are really strong,” as opposed to Biden having a lead in the polls but the economics are heading in a “bad direction.”
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Wholesale inflation went up slightly to 1% for the year ending in December. The increase came after a 0.8% annual increase just the month before.
A poll released in December found that 44% of respondents under 30 called the economy the biggest current concern in the U.S. In comparison, only 14% of younger voters called healthcare the most significant issue, while 10% said it was education.
