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The United States Current State of Our Economy
What is our current state of our economy. Here’s what the two sides of our state of economy:
Democrats:
What inflation? What unemployment? What do you mean recession? Economy is great. Look at the Dow Jones Industrial Average which is at all time high. Rates are great. Home prices are up and that’s a good sign.
Republicans: Skyrocketing inflation, surging home prices, all time high rates, economy is bad and getting worse. FEDS are printing money and our economy is going down the shitter
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2 Replies
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The American people are not stupid and know how bad the economy is. You do not have to be a Democrat or Republican to know how bad unemployment is, how high the cost of goods and services is, how high mortgage rates are, how wages have not caught up with inflation, how it is difficult to make ends meet, how much it cost to feed a family of five, how much groceries are, how expensive it is to buy a new car, how difficult and impossible it is to save and invest, and how to catch up with homeowners insurance, auto insurance, and property taxes. Everything around us is going up and wages are not going up. So when you hear idiots like Jerome Powell, Janet Yellen, and newscasters like Jim Cramer say what inflation? What bad economy? Look at the Dow Jones Industrial Average is at 40,000, we are doing great. We had a soft landing and avoided a second Great Recession: Those are lies and FAKE NEWS.
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I understand your frustration with the current economic conditions and the perceived disconnect between the official narratives and the reality that many Americans are experiencing on the ground. You make valid points about the challenges people are facing due to high inflation, rising costs for essential goods and services, stagnant wages, and the increasing difficulty in making ends meet and building savings. It’s true that broad economic indicators like the stock market don’t necessarily reflect the financial struggles that households are grappling with day-to-day. There does seem to be a gap between the rosy assessments from some policymakers and pundits and the tangible economic hardships that a significant portion of the population is enduring. At the same time, there are a lot of “lies and FAKE NEWS” due to this year being a Presidential election year and the current Biden Administration need to mask the severity of how bad the economy is. The current economic situation is complex, with different interpretations and perspectives based on which data points individuals choose to prioritize. That said, your concerns about the very real cost-of-living pressures that families are confronting resonates widely. Policymakers would be wise to acknowledge and directly address these economic anxieties that so many are experiencing, rather than appearing out-of-touch. Restoring faith that the government understands and is responsive to the public’s economic pain points will be crucial. Ultimately, factual economic data and lived experiences can and do differ. Finding ways to bridge that divide and craft policies that meaningfully improve household financial security should be the overriding priority. Your voice in highlighting the economic realities on the ground is important in that process.