How the economy is doing has always been a contentious topic, particularly when friends and family with different politics gather for Thanksgiving dinner. And the question has gotten even thornier this year, with consumer sentiment and polling data about the economy becoming historically de-linked from official measures of economic health like GDP. It’s not our job to tell people how they should feel about the economy, but we can at least add some facts as context to common complaints.

  • PeepinGoodArgs@reddthat.com
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    10 months ago

    That inflation bit is especially useful. Biden isn’t to blame for inflation despite what Fox News and the Heritage Foundation say.

    The budget reductions I had no idea about.

    What the fuck? Why isn’t anyone in the liberal media saying how good Biden is doing on the economy?

    • themeatbridge@lemm.ee
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      10 months ago

      Because you cannot convince someone that the economy is doing well when they think it’s not. Inflation was extremely high for too long, and the wage gap may be closing but it’s still absurdly high. “There’s a tumor in your brain, but we made it smaller by a third.” It sounds like objective progress, but when the tumor is in your brain causing psychological and physical disability. Celebrating the progress makes it seem like you don’t care about the remaining problems.

    • Veedem@lemmy.world
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      10 months ago

      Because Dems are TERRIBLE at messaging when they’re talking about themselves.

        • spaceghoti@lemmy.oneOP
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          10 months ago

          I’ve made many posts here discussing the impact of Biden’s economic policy. It all got shouted down by people complaining that since they don’t perceive any improvement, there mustn’t be any.

          Witness also the comments reacting to this article arguing that there’s been no improvement for any but the elite.

    • GodlessCommie@lemmy.world
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      10 months ago

      Because the WH keeps telling us we are doing great, but we can see that we are not. The wealthy are doing great, but the working class and poor are not