Why people's perception of the economy is bad... You just need a reality check and live in the real world.
https://abcnews.go.com/538/vibes-americans-perception-economy-completely-changed/story?id=111211869#:~:text=not%20just%20vibes.-,Americans'%20perception%20of%20the%20economy%20has%20completely%20changed.,used%20to%20predict%20consumer%20sentiment.&text=If%20the%20US%20economy%20is,unemployment%20and%20a%20strong%20GDP.jist of article... why are people perception of the economy does not correlated with data... wages are higher, unemployment is low, inflation is cooling, etc etc
It's quite simple really...
"As of June 12, 2024, the annual inflation rate in the United States was 3.3% for the 12 months ending in May, according to the U.S. Labor Department. This is down from 3.4% in April 2024, and lower than the long-term average of 3.28%. However, when compared to May 2023, prices increased by 3.3%, and consumer price inflation has risen 21.75% between January 2020 and May 2024." We were sitting below 3% prior to Brandon and his BBB initiatives.
That Inflation Reduction Act was given a fake name to fool the Leftie/Demmie sheep into thinking that it will reduce inflation... after one year, it did little to curb inflation as two prominent econimist pointed out...
“I can’t think of any mechanism by which it would have brought down inflation to date,” said Harvard University economist Jason Furman... Alex Arnon, an economic and budget analyst for the University of Pennsylvania’s Penn Wharton Budget Model -
“We can say with pretty strong confidence that it was mostly other factors that have brought inflation down. The IRA has just not been a significant factor.’’It does not matter if wages are rising and unemployment(understand how unemployment is calculated) low... if the cost of consumer good quadruple - people are not going to feel good about the economy. It's kinda like getting a 2% raise at work but the cost of goods increased by 4% in the same time span... in reality, your pay decreased by 2%.
Topic: You don't need expert to understand... (Read 46 times)