Out of desperation caused by the fool who occupied the Oval Office before Biden, it is not surprising that Republicans are blaming our President for just about everything these days.
Biden is being blamed for the pandemic which in turn is responsible for the supply chain difficulties which is responsible for shortages of just about everything which is causing inflation. Without going into detail -- because there isn't any -- according to Republicans, our President is somehow responsible for the worldwide shortage of fuel which is driving prices still higher.
Unfortunately for Republicans the President is no more responsible for these temporary economic difficulties than Hoover being responsible for the Great Depression. In 2008, Bush was not responsible for the Great Recession, and Trump was not responsible for the pandemic induced recession during the spring and summer of 2020.
Unless our President loses a war, the President has little or no control over the largest economy in the world
... ours. Nevertheless, Americans blame our Presidents if the economy goes bad, and give credit to our Presidents if the economy is doing well.
Both the blame and the credit are undeserved. No one man is responsible for what our huge economy does. Our economy is in the hands of business leaders and the American worker.
That said, despite the lingering effects of the pandemic, our economy is doing quite well.
The stock market is a bellwether for future economic success or failure.
ABC News reports, "A broad rally for stocks on Wall Street sent the S&P 500 and Nasdaq to new highs Thursday, as the market more than made up for modest losses a day earlier.
"The S&P 500 rose 1%, posting its third all-time high this week. More than 80% of the stocks in the benchmark index closed higher.
Technology stocks, banks and a mix of companies that rely on consumer spending accounted for much of the gains.
"The Nasdaq rose 1.4%, nudging the tech-heavy index above its previous record high set Sept. 7.
The Dow Jones Industrial Average rose 0.7%, leaving it just shy of the all-time high it set on Tuesday.
"
The number of Americans applying for unemployment benefits fell to a pandemic low last week as the job market continues to recover from last year's
coronavirus recession.
"Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday. Since topping 900,000 in early January, weekly applications have steadily dropped, moving ever closer to pre-pandemic levels."
Does the President get any credit for our thriving economy?
As explained, hell no.