Really it doesn’t matter. What matters is purchasing power and affordability of the market for workers. And it’s absolutely shit. Especially for homes. The economy is garbage no matter how much billionaires are making.
When 78% of consumers now view fastfood as a luxury the economy is not doing well
It always was.
It really wasn’t. Of course it’s always had a premium over home cooking, but the premium has exploded over the last few years.
To a conservative: “The economy is only good if there’s a Republican president. We only worry about the national debt under a Democrat. Them’s the rules.”
It ALSO depends on whether you’re asking the top-10% income people, or whether you’re asking the bottom-50% income people.
Obviously!
As a Democrat, I can see beyond the tip of my own nose, and no, the economy is not doing well.
3.5% inflation on top of 3% on top of 9%.
I PERSONALLY am doing fine, but I can see where other people are not. Getting loans to do simple things like replace a car that got totalled were INSANE. Even through a credit union. I have an 800 credit score and was being quoted 11 to 13%(!) At my credit union(!) Even through my normal bank it was almost 9%.
Fortunately, I had the cash to pay it off quickly, but other people aren’t going to have that option.
I have completely opted out as best I can by not using their money when I can avoid doing so and that’s working out quite well for me.
This is the best summary I could come up with:
In recent weeks, the Guardian has dispatched reporters to key swing counties in battleground states, and voters representing a wide array of political views expressed disappointment with the higher cost of living.
As LeMario Brown, a former city council member in Fort Valley, Georgia, and local pecan farmer, said: “It doesn’t matter if we’re Republican or Democrat, we all got to eat.”
In a phone call, Mahoney, now an economics professor at Stanford University, summarized the finding by saying that Republicans “cheer louder and boo harder” when their party controls the White House.
Greg Ip, a Wall Street Journal columnist, has attributed the pessimism to what he calls “referred pain”, meaning Americans are casting their broader doubts and fears about the state of the world on to the economy.
Despite the overall economic improvement, persistently high interest rates have increased the cost of carrying debt, adding to the burden of credit card bills and auto loans.
Like other recent surveys, respondents displayed broad support for a number of policy proposals that might address some of those concerns, including raising taxes on corporations and the wealthiest households.
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