Stephen Colbert, host of The Late Show, acted as a spokesperson for the Biden campaign, praising the economy’s growth and mocking those who doubted its strength.
He referenced statistics such as the Dow surpassing 38,000, rising wages, and low unemployment.
However, public sentiment, as indicated by polls, showed lower approval for Biden’s handling of the economy and inflation.
“Oh, there’s good news, there’s more good news for Biden. The economy is cooking right along. The Dow is north of 38,000 today. Wages are up, unemployment below 4% for 23 months in a row. And today, the Commerce Department announced the economy grew at 3.3% rate in the last quarter,” Colbert said.
“Now, what does that mean? Well, it’s a little technical, but according to macroeconomic theory, number go up, equal good,” he said.
Colbert ridiculed those who lacked confidence in the economy, performing a musical skit to emphasize the positive economic indicators.
“You’re drowning in dough but you don’t feel it cuz it’s not yet… bread. I’m talking that sweet pumpernickel, baby,” Colbert said.
“Because I heard from a little bird that in 2023, the U.S. economy accelerated at a 2.5% annualized pace. And coal prices for personalized consumption expenditures rose just 2% in the fourth quarter. No wonder Janet’s yelling.”
“So no need to go slow, Joe. The vibe-cession will be jazz resuscitated. And if the economy starts this cooking in November, And if the economy starts this cooking in November, we’ll make Trump a way gone daddy,” he said.
Despite concerns over inflation and high prices, Colbert remained optimistic, suggesting a resurgence in the economy.
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