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      Why Are People So Down About the Economy? Theories Abound.

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      Things look strong on paper, but many Americans remain unconvinced. We asked economic officials, the woman who coined “vibecession” and Charlamagne Tha God what they think is happening.The U.S. economy has been an enigma over the past few years. The job market is booming, and consumers are still spending, which is usually a sign of optimism. But if you ask Americans, many will tell you that they feel bad about the economy and are unhappy about President Biden’s economic record.Call it the vibecession. Call it a mystery. Blame TikTok, media headlines or the long shadow of the pandemic. The gloom prevails. The University of Michigan consumer confidence index, which looked a little bit sunnier this year after a substantial slowdown in inflation over 2023, has again soured. And while a measure of sentiment produced by the Conference Board improved in May, the survey showed that expectations remained shaky.The negativity could end up mattering in the 2024 presidential election. More than half of registered voters in six battleground states rated the economy as “poor” in a recent poll by The New York Times, The Philadelphia Inquirer and Siena College. And 14 percent said the political and economic system needed to be torn down entirely.What’s going on here? We asked government officials and prominent analysts from the Federal Reserve, the White House, academia and the internet commentariat about what they think is happening. Here’s a summary of what they said.Kyla Scanlon, coiner of the term ‘Vibecession’Price levels matter, and people are also getting some facts wrong.The most common explanation for why people feel bad about the economy — one that every person interviewed for this article brought up — is simple. Prices jumped a lot when inflation was really rapid in 2021 and 2022. Now they aren’t climbing as quickly, but people are left contending with the reality that rent, cheeseburgers, running shoes and day care all cost more.“Inflation is a pressure cooker,” said Kyla Scanlon, who this week is releasing a book titled “In This Economy?” that explains common economic concepts. “It hurts over time. You had a couple of years of pretty high inflation, and people are really dealing with the aftermath of that.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Robert De Niro and the Biden Campaign Trolls Trump Outside Courthouse

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      After first ignoring former President Donald J. Trump’s criminal trial, then beginning to make sly insinuations about how he was “free on Wednesdays,” the court’s day off, President Biden’s campaign has jumped in with a stunt designed to emphasize the unprecedented situation of a major party’s presidential candidate awaiting a felony verdict.The Biden campaign on Tuesday dispatched Robert De Niro, the actor whose voice narrates the campaign’s latest ad, along with Harry Dunn and Michael Fanone, two former U.S. Capitol Police officers who have since become spokesmen for the Democratic effort to attack Mr. Trump over his role in the Capitol riot on Jan. 6, 2021, to hold a news conference outside the courthouse in Manhattan where Mr. Trump’s trial was concluding.“This is not a threat,” Mr. De Niro said of the prospect that Mr. Trump could return to the White House. “This is a reality.” The news conference was the sort of thing the Trump campaign would have done from the beginning if the political situation were reversed.The Biden campaign has for weeks kept to the letter of the president’s directive to not address the criminal charges Mr. Trump faces or offer commentary on the trial, but its decision to dispatch surrogates to the Manhattan courthouse while the former president’s lawyer was delivering his closing argument was hardly subtle.Though Mr. De Niro and the two former police officers did not address Mr. Trump’s Manhattan trial — he is charged with falsifying business records related to a hush-money payment to a porn star before the 2016 election — they sought to draw attention to his actions that led to the events of Jan. 6, which are the subject of another federal criminal case pending against Mr. Trump.Mr. Trump has sought to tie together all four of his criminal cases and has argued baselessly that Mr. Biden is behind them all. In addition to the Manhattan trial, he is charged in separate federal cases over his handling of classified documents and his efforts to overturn the 2020 election, along with a Georgia case related to his push to reverse that year’s results.Mr. Trump’s loudest supporters quickly jumped on the Biden news conference as evidence that the four cases against Mr. Trump are connected and that Mr. Biden is the hidden hand behind them all.“In case you needed more evidence that all of these BS cases were quarterbacked by Team Biden to interfere in the 2024 election, the Biden campaign is now showing up in NYC to explicitly cheerlead the political prosecution of my father,” Donald Trump Jr. wrote on social media. More

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      Biden Doesn’t Want You Buying an E.V. From China. Here’s Why.

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      The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.President Biden wants more of America’s cars and trucks to run on electricity, not gas. His administration has pushed that goal on multiple fronts, including strict new regulations of auto emissions and lavish new subsidies to help American consumers take as much as $7,500 off the cost of a new electric vehicle.Mr. Biden’s aides agree that electric vehicles — which retail for more than $53,000 on average in the United States — would sell even faster here if they were less expensive. As it happens, there is a wave of new electric vehicles that are significantly cheaper than the ones customers can currently buy in the United States. They are proving extremely popular in Europe.But the president and his team do not want Americans to buy these cheap cars, which retail elsewhere for as little as $10,000, because they are made in China. That’s true even though a surge of low-cost imported electric vehicles might help drive down car prices overall, potentially helping Mr. Biden in his re-election campaign at a time when inflation remains voters’ top economic concern.Instead, the president is taking steps to make Chinese electric vehicles prohibitively expensive, in large part to protect American automakers. Mr. Biden signed an executive action earlier this month that quadruples tariffs on those cars to 100 percent. Those tariffs will put many potential Chinese imports at a significant cost disadvantage to electric vehicles made in America. But some models, like the discount BYD Seagull, could still cost less than some American rivals even after tariffs, which is one reason Senator Sherrod Brown of Ohio and some other Democrats have called on Mr. Biden to ban Chinese E.V. imports entirely.The apparent clash between climate concerns and American manufacturing has upset some environmentalists and liberal economists, who say the country and the world would be better off if Mr. Biden welcomed the importation of low-cost, low-emission technologies to fight climate change.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Biden Admin Struggles to Address Sharp Rise in Deaths From Extreme Heat

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      For more than two years, a group of health experts, economists and lawyers in the U.S. government has worked to address a growing public health crisis: people dying on the job from extreme heat.In the coming months, this team of roughly 30 people at the Occupational Safety and Health Administration is expected to propose a new rule that would require employers to protect an estimated 50 million people exposed to high temperatures while they work. They include farm laborers and construction workers, but also people who sort packages in warehouses, clean airplane cabins and cook in commercial kitchens.The measure would be the first major federal government regulation to protect Americans from heat on the job. And it is expected to meet stiff resistance from some business and industry groups, which oppose regulations that would, in some cases, require more breaks and access to water, shade and air-conditioning.But even if the rule takes effect, experts say, the government’s emergency response system is poorly suited to meet the urgency of the moment.Last year was the hottest in recorded history, and researchers are expecting another record-breaking summer, with temperatures already rising sharply across the Sun Belt. The heat index in Miami reached 112 degrees Fahrenheit last weekend, shattering daily records by 11 degrees.The surge in deaths from heat is now the greatest threat to human health posed by climate change, said Dr. John M. Balbus, the deputy assistant secretary for climate change and health equity in the Health and Human Services Department.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Anti-Trump Republicans Worried About the Biden Campaign

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      Some G.O.P. Trump opponents want to hear more from the Biden campaign. It says it’s on it.Earlier this week, a couple of former Republican members of Congress sent an email to dozens of fellow G.O.P. retirees with a clear and urgent subject line.“Join the Republicans for Biden,” it said. “PLEASE.”The email invited the former lawmakers to a virtual meeting next week with members of President Biden’s campaign team — a meeting that, for many of them, would be their first official interaction with Biden’s re-election campaign since it kicked off last year.Some recipients were quick to offer their help. But multiple people who received the email said it had kicked off a private airing of frustrations among Republicans who, despite publicly supporting Biden in 2020, and in some cases risking their political future to take on Trump, said they had been largely ignored by the campaign and an administration they didn’t always agree with.“A lot of us are wrestling with, how can we support him when he’s gone so far to the left?” said former Representative Chris Shays, Republican of Connecticut, who endorsed Biden in 2020 but said he was “unlikely” to do so again.Back in 2020, a steady stream of Republicans stepped forward and endorsed Biden, representing a narrow but important slice of the electorate: anti-Trump Republicans. That group took a hit this week when Nikki Haley, Trump’s last rival standing in the Republican primary, said she planned to vote for him — a man she frequently described as dangerous.Now, even as Trump lays out a vision for a presidency that could be even more radical than his first, the Republican opposition is in an uneasy place. Some Republicans blame the Biden campaign, saying they’ve heard practically nothing from an operation they think could use their help. And they worry that the omission represents a broader failure to bring moderate Republicans into the fold.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Robert De Niro Narrates an Anti-Trump Ad for Biden

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      President Biden’s campaign released a new ad on Friday narrated by the actor Robert De Niro that seeks to remind voters of the chaos of Donald J. Trump’s presidency and warn them that a second Trump term would be even worse.The spot is part of the Biden’s campaign $14 million May advertising effort and will air on television and digital platforms in battleground states, as well as on national cable channels.Mr. De Niro openly opposed Mr. Trump’s presidency, calling him “baby-in-chief” at the National Board of Review awards gala in 2018 and using profanity to condemn him during the Tony Awards that year.What the ad saysIt opens with Mr. De Niro’s distinctive voice playing over images of Mr. Trump during the coronavirus pandemic and the Black Lives Matter protests in 2020.“From midnight tweets, to drinking bleach, to tear-gassing citizens and staging a photo op, we knew Trump was out of control when he was president,” Mr. De Niro says. “Then he lost the 2020 election — and snapped.” (The bleach reference was a nod to Mr. Trump’s suggestion that an “injection inside” the body with a disinfectant could help treat the coronavirus.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Obama Is a Surprise Guest Among Allies at Biden’s State Dinner for Kenya

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      The state dinner was held in honor of the African nation, but it was clear that the night was about keeping Democratic allies close as President Biden heads into the heat of the 2024 campaign season.Yes, Barack Obama was there.State dinners are best known as bear hugs for overseas allies, and Thursday’s honoree was Kenya. But the sixth state dinner of President Biden’s term was designed to clutch domestic allies — not the least of them Mr. Obama, whose father was Kenyan — even tighter as the president makes the long slog toward November.The 500-person event, held on the South Lawn of the White House on a humid May evening, was attended by dozens of influential Kenyans, of course. The list included President William Ruto of Kenya and his wife, Rachel, along with three of his daughters. It also included some of the country’s wealthiest figures, like James Mwangi, the chief executive of the global banking conglomerate Equity Group Holdings Limited.“We share a strong respect for the history that connects us together,” Mr. Biden said to his guests during a toast. He quoted from a speech given by President Jimmy Carter, who honored Kenya with a state dinner in 1980: “Neighbors do not share a border but share beliefs.”But the evening, along with the guest list, was just as notable for what it said about Mr. Biden’s current political obstacles. Aside from Mr. Obama — the former president was not on the initial guest list published by the White House, and he departed before Mr. Biden’s speech — the list name-checked the people Mr. Biden will want to bring closer into the fold in the months ahead. The lineup included elected officials in several battleground states, influential Black political operatives, and powerful philanthropists, like Melinda French Gates.Choosing their guests, the president and Jill Biden, the first lady, mixed supporters of the president’s re-election effort with several Biden family members — granddaughters and Mr. Biden’s son Hunter, who is scheduled to stand trial on gun charges next month. (Hunter Biden’s wife, Melissa Cohen Biden, walked the red carpet alone.) There were few Hollywood types, though one notable attendee was the actor Sean Penn. Mr. Penn was photographed by the gossip website TMZ as he spent time with Hunter Biden, who has been working on a documentary about his life, in California earlier this month.Hunter Biden and the actor Sean Penn listened to President William Ruto of Kenya as he spoke at the dinner.Haiyun Jiang for The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More