Democrats and the media are in a quandary to explain why Americans so underappreciate all that President Joe Biden and Vice President Kamala Harris have done for the economy. Or, should I say, TO the economy.
They act as if these are the salad days for American families, with inflation falling and jobs aplenty. For now.
So why are Americans so dour? A recent Pew poll found that only 22% of Americans believe the country is headed in the right direction.
Another poll revealed that more than half of Americans think the U.S. is in recession.
A CNBC headline from last week treated the poll finding with shock and amazement: “59% of Americans Wrongly Think U.S. Is in a Recession.”
According to the article: “Economists have wrestled with the growing disconnect between how well the economy is doing and how people feel about their financial standing. … The U.S. economy has remained remarkably strong even amid persistent inflation.”
Stop right there.
Yes, it’s true that the GDP is growing, which means we are NOT in a technical recession.
But the economy is “strong” for whom exactly? Academics isolated in their ivory towers? Those cloistered inside the Washington Beltway? The people with cushy jobs in the newsrooms across America?
The poll cited above found that a major reason Americans say they are pessimistic is “higher costs and difficulty making ends meet.”
This isn’t a figment of their imaginations. The average household has LOST roughly $2,000 of purchasing power since Biden came into office. They are POORER today than four years ago.
I would submit that when most families have lost real take-home pay over a four-year period, THAT is a recession. And apparently, six of 10 Americans agree with me despite the media cheerleading for the Biden economy.
The other night in his Democratic National Convention speech, Biden boasted that “wages are up.” But they are only up BEFORE inflation. When we take into account the cost of living is 20% higher today than four years ago, there are only real wage declines for most workers.
One way to measure how much families are struggling under Bidenomics is to examine household debt. Credit card debt recently hit an all-time high, and delinquencies are rising. The federal government can borrow until the cows come home (or investors around the world stop buying the bonds). But households have to repay debt. This means that if things don’t improve quickly, more and more families will be underwater.
Harris’ only plan to relieve this middle-class fiscal squeeze is to pass out more free dollars. She wants to pay people up to $25,000 to buy houses. The Wall Street Journal is wondering whether the government is going to start bailing out unpaid mortgages and credit card debts — just as Uncle Sam is paying off debt beats who refused to pay back student loans.
Where is the money going to come from for all those trillions of dollars of bailouts? From the Chinese?
Meanwhile, most of these jobs Biden and Harris are gloating about are direct or indirect government jobs. Why is a government so awash in debt on a hiring spree?
Americans have a sixth sense tingling, warning that something is very wrong with our economy. Harris and the media say: Don’t worry; be happy.
Just who’s living in la la land?
Stephen Moore is a visiting fellow at the Heritage Foundation and a senior economic advisor to Donald Trump. His latest book is: “Govzilla: How the Relentless Growth of Government Is Devouring Our Economy.”
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“This isn’t a figment of their imaginations. The average household has LOST roughly $2,000 of purchasing power since Biden came into office. They are POORER today than four years ago”.
Americans have a sixth sense tingling, warning that something is very wrong with our economy. Harris and the media say: Don’t worry; be happy.
The very powerful Democrats and the very stupid have one thing in common.
They do not alter their view to fit the facts. They alter the facts to fit their view.
This is a very common trait among the majority of Democrats.
To this treasonous self-righteous, lying Democrat Party and their supporters and their media/political propaganda media our U.S. Constitution, Laws, Gender, Truth, Facts, Reality and History are all irrelevant. If the Democrats or their journalists do not WANT to believe them or they disagree with them. Democrats and their rag journalists will just make up their own, laws, Gender, Truth, Facts, Reality and History to fit what they WANT to believe or fits into the Con or Deception that they are running at the time.
THEY KNOW the economy is in trouble.. THEY MADE IT that way.
They just hope the dumb dem voters will listen to their lies..
“A recent Pew poll found that only 22% of Americans believe the country is headed in the right direction.”,,,,so just how are the Democrats and Kamala polling near 50% approval ???? Something is rotten not only in Demark, but in the American Democrat Party pandering prevaricating political presses that that have been redesigned by the democrats only for truth oPRESSion. These mal-factoring, miscreants of media mendacity have succeeded in turning our cherished misuse of the power tempering 5th estate, and turned it in to a weapon of Obama-Alinsky planted 5th columnist communist kackling.
Fifth Estate – “any class or group in society other than the nobility, the clergy, the middle class, and the press.”
So just who now controls the so-called unestablished centers of American power? Certainly NOT WE THE PEOPLE – but the hidden Obama planted 5th columnist Soros funded and planted minions who destroy in the darkness and in oPRESSion, what WE THE PEOPLE create in the light. Their miscreant media have assumed the close of the sale of a purchased Kamala deal, like a hail damaged coughing and rear-ended damaged used car, as if it was a pristine race car right off the Democrat pressed media assembly line. Do not be deceived, we have already seen her clunking crashes when in action during the previous Veep test drive. Their 6th senses are just a Haley Joel Osman moment of “I see dead People” and a dead party about to lose big time in the next election.
Pollsters only ask the folk THEY KNOW will give them the answer they want.
Old saying, if you keep pounding a statement about what is, many will believe it true even with all evidence pointing otherwise. Fact of the matter is no nation like US. Healthcare, economy, jobs, energy production, low unemployment has better numbers than anywhere. Foreign relationships are the things we should really focus on. Issues like Israeli Palestinians beefing (1946 Allied forces messed that up) are matters we can only pray about. Foreign sanctions and relationships is something we can evaluate and make some changes with hopes people will stay put where they are. GOP pounding what’s so wrong but, people not as gullible as we’d like to think. Inflation brought about by supply-demand activity, and we all know who runs that show. Deficit: OK if we owe each other especially if it’s because we build infra-structure and apparatus to take care of each other. Super wealthy are going to be OK. If Dems keep control, they’ll probably keep doing what they’re doing and add improvements on people-based problems. GOP has to wave another banner besides ” oh gloom and doom everything is terrible”. Focus on some real solid evidenced based problems that’s going to help people.
Every Euopean and NATO nation now living under the nuclear and Trillion dollar military umbrella of safety without paying a dime in taxes to support it is way better off than the duped USA who refuses to make them pay their fair share because Democrat politicians get their 10% off the top in foreign BUrisma type kickbacks while WE THE PEOPLE payout the `100% to keep peace in the world. The only thing saving Joe’s artificially lowered employment numbers is the tens of thousands of election stealing non-productive minions whose jobs will dissappear after November 4th along with the purloined natiomal petroleum reserve he emptied at current inflated replacement costs of $90/barrel to replace that oil which Trump filled at $35/barrel. The only AMericans made gulible are the democrat party duped ones who do not realize that printing TRILLIONS in money by unelected Federal reserve apparachiks to cover excessive Democrat party spending is the most devious financial tax on AMericans of all. An one of the greatest threats to AMerican democracy, designed where THE HOUSE OF REPRESENTATIVES is supposed to have the power of the purse, not unelected party hacks or Power obsessed Presidents through executive Trillions of unConstituional unvoted for student loan forgiveness., in quid quo Pro swaps of free money for Democrat Party votes, purchased with much Conservativce taxpayer earned money.
Today the super wealthy are no longer the rich Capitalists, but rich Democrat party wealth redistributing apparachiks that live in the Capitol, under the table, illegal and behind closed doors, where guys like Biden for 50 years come out and retire with tens of millions of dollars richer than the sum total of all 50 years of government salary,having manufactured and produced nothing but social division based on race, gender or whatever works at the time.
Taxing the “super wealthy” means theyll just hide their money overseas!