Ignore Mr Biden’s assessment of the economy. He is out of touch.

Yes, the United States follows a public policy based on capital markets, credit, and voluntary into contracts. The government cannot compel market activity, although it attempts to create a narrative that encourages spending and entering market transactions, i.e., the purchase of health insurance.

But taking credit for managing an economy beyond what policy and the law says you can do only sets the stage for an administration to attempt undue interference in the economy.