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Kamala Harris Needs To Change The Economic Narrative
"Even though consumers remain relatively positive about the labor market, they still appear to be concerned about elevated prices and interest rates."
So said Conference Board chief economist Dana Peterson on Tuesday, editorializing around a so-so update on US consumer moods.
Peterson probably didn't mean to say anything profound -- and really she didn't -- but that short quote encapsulates the problem for Democrats headed into the election.
Joe Biden's approval rating was famously disconnect