What emerged under Obama is the bifurcation of the economy. If you look at the total economy, it is pretty easy to see that Biden spending trillions over 3 years is going to translate into higher employment numbers, inflation, greater National Debt, some GDP growth.

But an analysis at the detail level confirms that most Americans especially lower income Americans have suffered from the inflation without enjoying the benefits of the greater government spending. In effect, they are correct, their purchasing power has declined under Biden.

While Democrats were quick to point out, that "trickle down" economics does not work, it now appears that massive government spending does not "trickle down" to the average guy. And in fact, studies show the majority of benefit of Biden's economy was realized by owners of real estate and stocks. If you would like to discuss the cause and effect of many of Biden's policies, that would be fine, but bottom line if you look at inflation adjusted median purchasing power, it does not look pretty. You can do some research at this site...

https://www.bls.gov/cpi/factsheets/purchasing-power-constant-dollars.htm

But here is the takeaway message...

"This means that the purchasing power of the dollar declined about 7.4 percent between 2021 and 2022 because of inflation. Or stated another way, a dollar in 2022 could only buy 92.6 percent of what it could buy, on average, in 2021."

I could provide clarity on your other points, but they also lack context. My sense is the American people as a whole are disappointed in Biden not because they don't understand his economy, but because they do.