FDR handled the last major "reset" of trusts off the heels of a very pro-business free-markets Hoover. Cons have been taking notes ever since to counter the next reset.
Most American's are not economists. What they know is that there was a push to increase the wages of lower income American workers........ and not ground chuck has gone from $3.99 to $6.99 and in a lot of the country gas in approaching $4.50 a gallon. Neither party really "gets it" but democrats pointing to economic numbers are not helping the situation. The wealthy grow welathier - perhaps after 50 years the lowest income Americans receive some help in wage increases - but everyone in the massive middle pays for it.
I like how nowhere in your statement you mentioned the Russian war and the outsized impact it has on energy Nd food prices as whole. This was putin plan to raise prices at pump and systematically destroy ukraine ability to ship out grain. Putin knew he could raise make diesel skyrocket would then cause a spike in food transport which would inevitably be passed on to consumers. Inflation isn't either party's fault and to blame either is weak. We're in a fight for democracy against a dictator.
Inflation was an issue before Ukraine - and I did not say that inflation was the fault of anyone - but the optics are not good for the President. The reality is that the USA in the last half dozen years have dealt with issues in the Middle East, COVID, Trump and his corruption, Ukraine, housing issues, high inflation......... and one party is concerned with the bottom 20% of earners, letting people out of prison and debating over what a woman is - the other party is concerned with corporate profits, taking rights away from women and blaming immigrants for all the countries ill's --- something is going to give eventually if things don't settle down.
Before the USA warned folks about a impending Russian invasion oil was trading in the 60 dollar range. As soon as state department warned of a possible invasion (oil is traded in the future markets) it shot up after >80. While inflation was a issue before the war if the war hadn't happened we would've been back at 2% inflation by now.... The August 2021 CPI report was only at 5% and core CPI was lowest it had been in months. Trend was downwards before the invasion.
So? That means very little to most people that live in the here and now. They know that inflation is very high by US standards.... they know that the cost of college..... housing and cars are terrible. They know that they cannot eat out, or if they do, they are going to POS places that are cheaper like Landy restaurants or Applebee's. They know that there are constant reports of misconduct by politicians, that the war in the Middle East was a waste of time, that there is a war in Europe and that the USA is primarily footing the bill. There just isn't a lot of optimism right now, and the world seems more complicated than ever - that is why Biden is polling low, why confidence in elected officials is low, why confidence in the economy is low.
lol.....job satisfaction is literally at an all time high as we have the lowest unemployment rate in modern history. We've never had a better jobs market than we do right now. We have the lowest grad school unemployment is modern history. We have more people on health insurance today than ever before but sure. https://www.cpapracticeadvisor.com/2023/05/15/job-satisfaction-in-u-s-hits-all-time-high/79696/#:~:text=American workers are more content,from improved pay and benefits.
I dont think anyone is claming america is perfect and the economy is perfect. When trump left office we were hemorrhaging jobs, small business creation was NEGATIVE, nobody was traveling, nobody was vaccinated and the economy wasnt predicted to be at full employment till 25-26 according to the CBO. People have this bullshit view that when biden took over it was somehow trumps economy of 2019 that he took over. The economy was dog **** when biden took over. Theres obviously a ton of work that needs to be done but we've never seen a faster recovery in terms of GDP/jobs growth in the history of the world. The recovery was so quick that people have this wraped view that covid never happened and we didnt lose tens of millions of jobs that had to be recovered.
You can laugh all you want - but people are not confident in the direction of the county, or inflation or those making political decisions in the country.
You are acting like most of the people in the U.S. are critical thinkers. We aren't. People are too worried about their day to day lives to analyze the reasons behind inflation. They see "Inflation high=Biden bad". That's it. They don't realize the economy would not be in any better state had Trump won in 2020. There is no possible way Biden's policies could have affected inflation as rapidly as it increased. It started increasing before any of his policies could be implemented. You know that. I know that. I believe ,correct me if I am wrong, the point @Nook is making is people don't give a ****. The people who are really struggling don't give a damn "why" or what caused it. It doesn't matter who the President is. You can argue "It would have been worse under Trump. Biden has done good things" and it literally doesn't matter. Why? Because Trump isn't President and people can't see the THEORY it would be worse under Trump, because they are living in a REALITY where Trump is not the President and Biden is. They place the blame at Biden's feet, rightly or wrongly.
You mean the media uses negative words at a rate of 50x? The media uses the word "egg crisis" over TWO THOUSAND TIMES on January February March but used it less than 100 after it got better. People can be frustrated with inflation but that doesn't discount from the fact half the nation thinks we have a unemployment rate of over 6% when it's literally at record lows. @Nook can't grasp the concept the media plays a huge role in people's perception
What does that have to do with people's perception of reality ? It's okay to be mad about inflation but to claim the jobs market sucks or unemployment is high is just a flat out lie. You're not understanding what I'm saying at all
I understand it is a lie. However, if you don't pay any attention because you are focused on your day to day life you only get information from other people who watch Fox News, Newsmax, etc. So if you have a bunch of poorer people struggling they don't give a **** why or what the reality of the situation is. If the people they are listening to are telling them lies they believe them. They don't have the time or inclination to research. They just want **** to change. They don't know what they want to change just "****". Bottom line. Perception is Reality.
You're literally preaching the exact reason why Putin invaded ukraine. You hit the nail on the head. He knew we were weak and stupid. China will be taking notes on how to cripple customer confidence in their leadup to a war with taiwan. The majority of Americans think we have a higher unemployment rate today than we did in 2021. We are a very stupid nation
You can keep posting graphs and tweets and anything else you want. It doesn’t change how most Americans feel and the struggles that they are dealing with. The cost of housing is extremely expensive and more and more landlords and investment companies are buying and renting the available housing. Gas prices are high, food prices are high and after seeing how poorly COVID, inflation, Afghanistan and political scandals have been handled - people lack confidence in the authority figures inland decision makers in the USA. As for the media, I heard the same crap from Republicans for decades. There is certainly an intersectional relationship between the media and the public, but the media isn’t making inflation and costs go up and it isn’t the reason people are concerned. At this point a lot of people aren’t even blaming Trump or Biden - they are just ready for more reputable leadership and life to get easier. Democrats and Republicans are tone deaf. Some college graduate student at Berkeley may give a **** about letting people out of prison and the importance of Terry being able to complain about being called the wrong pronoun, but most Americans don’t. Likewise, some Bible thumper in Montana may see abortion as an abomination but most Americans want to right to an abortion and don’t want to talk about it. There is no middle ground.
