If Biden DID understand economics, he would know that moms and dads who put food on the family dinner table know more about economics than people who get PhDs in it (and certainly more than idiot politicians).
Biden doesn’t understand economics because he has never had to. Like most professional politicians, they have people for that, like paying their bills.
I think biden believes the BS he is pushing because he lives in a bubble and believes what his handlers tell him what is going on. Add to that the biden family is doing very well with all the money they get from China and other countries.
Yes. National unemployment statistics mean nothing to the guy who has to work two jobs to make ends meet. Bragging about “bringing down inflation” doesn’t cut any ice when the grocery bill includes four dollar milk, five dollar eggs, six dollar butter and seven dollar bacon.