A majority of the US voters disapprove of how well Biden has handled the economy. Which is incredible only if you don’t understand that “the economy” is measured by things like the DOW or Nasdaq… and that people measure it much more personally by noticing that the prices for eggs, milk, pop-tarts etc are way up. Of course the price of gasoline is down, the price of new and used cars: Down. Number of jobs: Way up — but if you didn’t GET one of those new jobs, then “irrelevant”, right?)
From my perspective (we’re not hurting economically) the inflation is a reasonable price to pay for a soft landing after the very large inflation brought about by the Covid relief efforts (started by Trump’s administration, recall). But I can see how folks who’re living paycheck to paycheck would feel more harmed than I do.
A majority of the US voters disapprove of how well Biden has handled the economy. Which is incredible only if you don’t understand that “the economy” is measured by things like the DOW or Nasdaq… and that people measure it much more personally by noticing that the prices for eggs, milk, pop-tarts etc are way up. Of course the price of gasoline is down, the price of new and used cars: Down. Number of jobs: Way up — but if you didn’t GET one of those new jobs, then “irrelevant”, right?)
From my perspective (we’re not hurting economically) the inflation is a reasonable price to pay for a soft landing after the very large inflation brought about by the Covid relief efforts (started by Trump’s administration, recall). But I can see how folks who’re living paycheck to paycheck would feel more harmed than I do.