Biden's purchasing power problem

Democrats and liberal defenders of President Joe Biden have been at pains to tout the economic recovery the nation has enjoyed under his tenure. Nobody has been banging this drum more arduously than New York Times columnist Paul Krugman, who week in and week out has praised the Biden economy and bemoaned how people have not caught on to how good they have it. So common is this view that a new term was coined to capture the disconnect: the “vibecession.” There is no actual recession. It is just the vibe of the nation — dour despite all the good news.