Posted on 11/25/2023 3:09:04 PM PST by Libloather
The Atlantic went to bat for President Biden, publishing a piece Wednesday titled "Why Americans Hate a Good Economy" as his polling continues to show overwhelming disapproval.
The article began by citing a recent Financial Times poll showing the majority of voters saying they are financially worse under Biden "despite some objective positive measures" like 3.9% unemployment, an unchanged consumer price index and a drop in "wage inequality."
Staff writer Jerusalem Demsas attempted to explain what she viewed as the disconnect between Americans' perception of the economy versus the economy itself, highlighting "seven possible explanations."
The first is "People need a second to adjust," reflecting that the country is still bouncing back from the COVID pandemic followed by the spike in inflation.
"Although price jumps are leveling off, it’s important to appreciate that economic conditions changed really fast in both directions, and people may need time to register what’s going on," Demsas wrote. "Even if respondents think conditions are improving, they’re rating the Joe Biden Economy based on the past two years, not just last month, and their perceptions may be baked in."
The second reason, Demsas conceded, is that "inflation is just really that bad," writing "If someone has a good-paying job in an inflationary environment, they may tell a pollster that they’re doing well—but the economy is doing poorly."
The third explanation is that "expectations are high."
"During the pandemic, the federal government provided Americans unprecedented support. It stopped evictions; it dropped thousands of dollars into personal bank accounts; it paused student-loan repayments; it gave aid to unemployed workers; it provided tax breaks to parents of young children, and billions in aid to state and local governments. In doing so, the government may have raised expectations for what a ‘good economy’ is supposed to feel like," Demsas wrote.
(Excerpt) Read more at foxnews.com ...
The gaslighting is strong in this one.
unlike the writer, i was lovin it under Trump...
<< The third explanation is that “expectations are high.” >>
Expecting to be able to afford food and shelter isn’t unreasonable.
Every leftist outlet headline reads like The Bee, these days.
Goebbels would be proud!
Clearly this person doesn’t shop or by gas for themselves or they are well healed enough that the dramatic price increases don’t effect them…
(”Why Americans Hate a Good Economy”)
Lies, Lies and More Lies.
Every. Single. Day.
The Disastrous Joe Biden Administration.
“expectations are high.”
I didn’t expect to spend $40 last night for dinner for one person, two cats and two rabbits. So yes, expectations are high.
Yah, but how many drones living paycheck to paycheck, barely able to make ends meet, have ignored the reality of their situation and believe the media that the economy is good?
At this point, the media is the reality to these people.
Americans hate debt and for good reason.
It will lead to default and/or hyperinflation.
Typical regurgitated BS communist propaganda from the Atlantic...
Nothing new here...
ROTFLMAO!
Maybe that’s what they do to those Lame Street Media “newscasters” to make them look presentable on TV.
I keep track of my financial situation. During the summer of 2020, my grocery bill averaged $681 a month. This summer, it was $1159 a month. My household hasn't changed. My spending habits are not trending toward more luxury items. That is an increase of over 70%. My income is up 17% from 2020. I can 'register what's going on' alright.
A better question is why does Jerusalem think the economy is good? Because Democrats say so? Weak.
The writer has a point... Biden was elected, Fetterman was elected, AOC was elected...
Many Americans just need to be told how virtuous they are, in spite of the mounting economic problems.
One day, it will get bad enough that even virtue seekers will begin noticing.
The unemployment rate, at least how the US calculates it, is a very poor metric. This has been well understood for decades, and even Ben Bernanke the Fed chairman at the time, conceded the point in 2009-10. Its all up to denominator problems.
Thats why the Fed created the EMRATIO.
https://fred.stlouisfed.org/series/EMRATIO
The US EMRATIO has been effectively flatlined since EOY 2021.
I could swear that, while reading this, I could hear calliope circus music playing in the background.
The Atlantic is worse than last week’s garbage
It’s not even suitable for lining a bird cage
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