From the New York Times, I'm Michael Bobaro.

This is The Daily.

On Friday show, we explored President Biden's political challenge with a core group of

supporters black voters. Today, his challenge with voters motivated by the economy at a time when it looks good on paper

but still feels bad for so many Americans.

My colleague, Nate Koh,

says that to understand the situation,

it helps to look back at another election

76 years ago.

It's Monday, February 5th. Nate, we just got the latest batch of economic news on Friday, which showed a surge in hiring, a very strong US.S. labor market, and it really highlighted this conundrum

we've talked about a lot on the show, which is that we're living in a pretty healthy economy,

and yet voters are still quite sour on the economy

and now that we've entered this general election phase of the presidential campaign

that dynamic looms as a pretty major question mark over the entire race

because it doesn't feel like we have a precedent for it. Does this sentiment help

Trump? Does it help Biden?

But you say, Nate, we actually do have a precedent for this,

this weird economy in an election year.

It has happened before. So just explain.

Yes, it has, but I've been searching for a long time to find a economic and political moment that resembles the economy we have today.

And that's been really hard because you know in the era of modern consumer confidence data,

there just isn't an economy like this one.

...