Posted on 12/30/2023 8:25:29 AM PST by Libloather
A major trend among mainstream media outlets and pundits in 2023 was them attempting to convince Americans the economy has been doing well under President Biden.
A majority of Americans consistently tell pollsters that they believe the economy is doing poorly, however, leading to a disconnect of sorts as conditions on the ground don't appear to match with positive economic data like low unemployment and a booming stock market.
Several of these outlets have even gone so far as to claim that Americans’ dour outlook on the issue is due to them not seeing things clearly, and clinging to bad impressions of the economy.
During the summer, MSNBC host Chris Hayes touted Biden’s economic success, claiming that the president is "on the right path to pull off one of the greatest macroeconomic policy magic tricks of all time."
He also criticized the voters for not seeing the administration’s deft handling of the country’s financial issues. In an article titled, "The Biden economy is strong. Why don’t voters agree?" the anchor wrote, "We have a lot of data showing that our economy is doing really well. But Americans are just not feeling it. A recent AP poll found that only 3 in 10 adults think the economy is good."
He dismissed many of these people's opinions, at least those belonging to Biden’s political opponents, writing, "Some Republicans will never say the Biden economy is doing well — even in the face of loads of evidence to the contrary."
Newsweek senior writer Katherine Fung wrote a piece in August titled, "Biden's Economy Is Booming. Here's Why You're Not Feeling It," citing former President Reagan's economic adviser Arthur Laffer.
(Excerpt) Read more at foxnews.com ...
booming alright. every thing I buy under bidungnomics blows up my budget!
Its booming if your a Marxist Dem.
Wait until these azhos wading in the Rio Grande find out this is no longer the America we had before Joe Pedo was installed in the White Hut. America is broke!
The macro economy may or may not be booming, but the microeconomies of working Americans regardless of race/sex/etc. collectively stink.
Several of these Biden-obsessed media outlets have even gone so far as to claim that:
<><>Americans’ dour outlook on the blessed Biden’s holy economy is b/c of “not seeing things clearly,
<><>and clinging to bad impressions of the past economy.
The Marxist Dems are closest to the source of the $2T Bidenbucks left from the infrastructure bill and the misnamed Inflation Reduction Act. They benefit the most from the largess of the US Treasury.
Right you are. Also all those fed script heading into the legion of new government pay checks gets dumped into the velocity numbers and one has a boom until comes the bust which we be like a headache after a night of partying.
The same forces that are causing an upwardly spiraling price increase across the board are also acting upon stock prices in general. There is no “economic boom” reflected in the Dow-Jones stock averages, all the increase in stock valuations is purely too much money chasing too few goods, in this instance stock shares.
As for the “employment numbers”, that is a wholly manufactured statistic, because there are perhaps 10-12 million jobs open ready to be filled, but fewer than 5 million or so who are willing to work to fill them.
The work force is actually SHRINKING, because so many have simply dropped out of searching for employment, so the numbers that hired out the the shrunken pool make up an artificially inflated percentage.
Since everyone has been forced to Spend an extra 20%-30% of their income just to live and survive, increasing the GDP as a result, doesn’t that make the economy look Booming strictly on a numbers basis?
The MSM ARE LIARS and Democrats.
DONT read the MSM anymore.
I believe the proper phrase is “Don’t piss down my back and tell me it’s raining”.
The disaster started with the CARES Act.
"Let's shut the country down and mail everyone free money! What's the worst that could happen?"
That explains it.
My electricity rates increase 18% on Monday. Thanks Joe.
Newsweek senior writer Katherine Fung wrote a piece in August titled, “Biden’s Economy Is Booming. Here’s Why You’re Not Feeling It.
Because it isn’t working it’s all on a down hill greased slope and picking up speed.
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