Good day all. Since January 20th 2021, the economy has been cratering. Prior to the Great Panicdemic of 2020 and the mistakes made locking down America, the economy had been exploding upwards. Even with the panicdemic, the initial downturn had reversed. Then the worst president* in American history was installed and the economy began spiraling.
This has confused a number of “Experts” who think that “Hey! Things are going great! Everything is terrific!” They can’t understand why most Americans think the economy is in the tank. Here are some detail from Associated (with terrorists) Press:
President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.
That’s probably due to the economy NOT getting stronger.
Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress.
“Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this,” said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.
“Honestly, I’m kind of mystified by it,” she said.
You’re mystified because you are fu***ng stupid. You are probably not worrying about your next paycheck, or that prices have been skyrocketing. The economy may be “Working” as a Progressive Liberal Democrat sees it, but people who were doing quite well four years are struggling now.
By many measures, the U.S. economy is rock solid. Friday’s employment report showed that employers added 199,000 jobs in November and the unemployment rate dropped to 3.7%. Inflation has plummeted in little over a year from a troubling 9.1% to 3.2% without causing a recession — a phenomenon that some once skeptical economists have dubbed “immaculate.”
Yet people remain dejected about the economy, according to the University of Michigan’s Index of Consumer Sentiment. The preliminary December figures issued Friday showed a jump in sentiment as people seem to recognize that inflation is cooling. But the index is still slightly below its July level.
I don’t see inflation cooling. I was at the Supermarket the other day and all I did was pick up a few things. What I paid today would have filled a shopping cart not all that long ago. Gasoline prices are far higher then they were when that corrupt, hair sniffing, incompetent moron was installed into the Oval Office.
Why is this happening? Because of the maladministration’s War on Energy. Domestic energy production is way down from the high point under the Greatest President of the 21st Century, Donald Trump. The maladministration has been actively destroying the energy sector in this country. We have gone from being energy independent for the first time in decades to being hold hostage by OPEC again.
“Consumers have been feeling broadly uneasy about the economy since the pandemic, and they are still coming to grips with the notion that we are not returning to the pre-pandemic ‘normal,’” Joanne Hsu, director and chief economist of the survey, said of the overall trend in recent months.
They could have, of course, and would have if things had gone differently in the Tainted Election of 2020. If President Trump had not had the election pulled out from under him, without question things would be far better. Manufacturing would have continued coming back into the United States and energy production would be even higher. We certainly wouldn’t have an empty Strategic Petroleum Reserve with all the oil sold to China.
The White House has made three major shifts in its messaging in hopes of building up confidence in Biden’s economic leadership. The president this summer began to pepper his speeches with the term “Bidenomics” to describe his policies, only to have Republicans latch onto the word as a point of attack.
The term “Bidenomics” has been used by conservatives and others as a description of the Hell that the Progressive Liberal Democrats have made of the American economy. Last summer, someone had the bright idea of doing what the Republicans and conservatives have been doing and “Owning” the term. For a month or so, Biden was out there, stumbling around, sniffing hair and touting how great Bidenomics is. Much like Bidenomics itself, it failed miserably.
Biden recently started to blame inflation on corporations that hiked prices when they saw an opportunity to improve their profits, bringing more prominence to an argument first used when gasoline prices spiked. The president’s argument is suspicious to many economists, yet the intended message to voters is that Biden is fighting for them against those he blames for fueling inflation.
“Let me be clear: Any corporation that is not passing these savings on to the consumers needs to stop their price gouging,” Biden said recently in Pueblo, Colorado. “The American people are tired of being played for suckers.”
Companies are raising their prices for several reasons. One, their costs are up. Two, the Biden Maladministration has been regulating anything and everything they can, and a lot that they can’t. Every single time the Communists, I mean the Progressive Liberal Democrats try to accuse businesses of gouging, they find out that isn’t happening and that the problems leading to price hikes are all due to the policies of the Biden maladministration. (Or any Democrat and, sadly, a few Republican administration)
The Republican counter to Biden has been to dismiss the positive economic data and focus on how voters are feeling. As the annual inflation rate has fallen, GOP messaging has focused instead on multi-year increases in consumer prices without necessarily factoring in wage gains. And Republican lawmakers have argued that people should trust their gut on the economy instead of the statistics cited by Biden.
Now we have AP doing it’s job as part of the Democrat Propaganda Corps. Regarding the alleged wage gains, what wage gains? In most cases, pay hikes haven’t matched the inflation rate. People have seen their purchasing power drop significantly since Dementia Joe Biden and his Communist handlers took power. People aren’t feeling good about the economy because they are seeing the effects of Bidenomics on their budgets.
“Joe Biden’s message to them is just this: He says don’t believe your lying eyes,” Sen. John Barrasso, R-Wyoming, said in a recent floor speech.
Virginia Gov. Glenn Youngkin, a Republican, put the blame solely on Biden for inflation and people feeling downtrodden.
“The challenge is rising cost of living,” said Youngkin, speaking at a Monday event in Washington hosted by Bloomberg News. “And it’s just clear over the course of now the last three years of the Biden economy we have seen inflation really run away from a lot of folks and 60% of Americans are living paycheck to paycheck.”
I am not quite at the point of paycheck to paycheck. I’m able to out money into savings. However, I am looking at a 4 digit tax bill next year. I also bought a new vehicle, and even with the massive down payment, I’ve got a loan I’m trying to clear as fast as I can. The Angry Brother inlaw was laid off just before Thanksgiving and the Angry Sister has been out of work for almost a year. (She was badly burned out from her last job)
Things are NOT good. People are hurting badly. I remember what it was like under the third worst president in American history, Jimmy Carter. It’s as bad, with one major proviso. Carter was incompetent, but he wasn’t a corrupt traitor who sold his office to foreign governments hostile to the United States. Carter was replaced by the Greatest President of the 20th Century, Ronald Reagan. He turned things around.
When he ran for reelection in 1984, Reagan asked a simple question. Are you better off now then you were four years ago. He won in a 49 state landslide including New York and California. President Trump could easily use a variation of that same question. We are NOT better off then we were four years ago.
Thatisall
(2 votes, average: 5.00 out of 5)
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