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US economy going strong under Biden – Americans don’t believe it (www.theguardian.com)

submitted 1 year ago by cowpowered@lemm.ee to c/politics@lemmy.world

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[-] snipgan@kbin.social 9 points 1 year ago

The economy overall might be fine, but the average person can still not be.

People don't care much about data and facts on unemployment and GDP when ultimately their personal situation is what matters. Things are more expensive and wages for a lot of people haven't kept up. Already have too many people think that no/less inflation means prices go down, when actually that just means prices stay the same or go up slower. Deflation is off the table cause that can be even worse.

Sadly, there isn't much that can be done beyond sticking to higher interest rates and letting the market adapt and catch up.

Not much the president can do either, especially with this congress. Even if it wasn't, the changes and effects would likely take years to even reach fruition. Let alone have a significant impact for most people if all goes according to plan.

We have seen this scenario play out before.

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[-] AccmRazr@lemm.ee 7 points 1 year ago

When will legacy media start telling it like it is? The general public has said for decades that the metrics that determine what a “good economy” is doesn’t tell the reality of the average American.

[-] roguetrick@kbin.social 7 points 1 year ago

If the Dems try to run on status quo they will lose just like when Hillary did the same thing.

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[-] Cryophilia@lemmy.world 7 points 1 year ago

Republicans refuse to believe their politicians ever do anything wrong

Democrats refuse to believe their politicians ever do anything right

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[-] wetnoodle@sopuli.xyz 6 points 1 year ago

[-] Rapidcreek@reddthat.com 6 points 1 year ago

Well, the media has worked very very hard to paint Biden in the worst possible light and not give him credit for anything other than putting on his pants each morning, so its no wonder people feel that way.

The fact is that our economy is booming. We will need to adjust out GDP upward before the end of the year if the strikes don't hurt. Virtually every country in the rest of the world has huge economic problems compared to the US.

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this post was submitted on 15 Sep 2023

661 points (93.4% liked)

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