Biden: We’ve ‘Already Turned Around’ the Surveys, ‘We Have the Strongest Economy in the World’

BURNETT: “Consumer confidence, maybe no surprise, is near a two-year low. With less than six months to go to Election Day, are you worried that you’re running out of time to turn that around?”

Biden: “We’ve already turned it around. Look — look at the Michigan survey. 65 percent of American people think they’re in good shape economically. They think their nation is not in good shape, but they’re personally in good shape. The polling data has been wrong all along. How many — you guys do a poll at CNN. How many folks you have to call to get one response? The idea that we’re in a situation where things are so bad, folks — I mean, we’ve created more jobs. We’ve made — we’re in a situation where people have access to good-paying jobs. And the last I saw, the combination of the inflation, the cost of inflation and all those things, that’s really worrisome to people, with good reason. That’s why I’m working very hard to bring the cost of rentals down, to increase the number of homes that are available. Let me say it this way. When I started this administration, people were saying there was going to be a collapse of the economy. We have the strongest economy in the world. Let me say it again, in the world.”

BURNETT: “Although, GDP last week was far short of expectations.”

Biden: “Oh, it wasn’t — look, GDP still — look at the response of the markets, overwhelmingly positive. Overwhelmingly positive. And one of the reasons why people feel good about it, not being as strong as it was before, is they believe that the Fed’s going to respond.”

BURNETT: “They hope they’re going to get a rate cut.”

Biden: “Yeah. Well, so — but, I mean, no president has had the run we’ve had in terms of creating jobs and bringing down inflation. It was 9 percent when I came to office. 9 percent. But, look, people have a right to be concerned. Ordinary people, the idea that you’re — you bounce a check and you get a $30 fee for bouncing a check. I changed that. Can’t charge more than $8 for that. Or your credit card. You know, your late payment, $35. I mean, there’s corporate greed going on out there and it’s got to be dealt with.”