Biden supporters use the term "vibesession" to suggest that the economy is fine, even though the overall "vibes" are off.
"Call it the vibecession. Call it a mystery. Blame TikTok, media headlines or the long shadow of the pandemic," the Times' Jeanna Smialek fretted. "The gloom prevails."
"The economy has grown more since I took office than at this point in any presidential term in the last 25 years - including 3% growth over the last year - while unemployment has stayed below 4% for more than two years," he insisted.
"People know things cost much more than they did four years ago. We might not be experiencing an official recession, but that's not the only reason why families feel a financial pinch."
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