Even the sheep are waking up now…

Sharing is Caring!

Economy supposedly strong under Biden – Americans don’t believe it

Americans do not trust the government’s economic news – or the media’s reporting of it – according to a Harris poll conducted exclusively for the Guardian that presents the White House with a major hurdle as it pushes Biden’s economic record ahead of next year’s election.

The US has roared back from the Covid recession by official measures. But two-thirds of Americans are unhappy about the economy despite consistent reports that inflation is easing and unemployment is close to a 50-year low. And the poll suggests many are unaware of or don’t believe the positive economic news the government has reported.

See also  I think it’s up to $10 trillion now…

The results illustrate a dramatic political split on economic views – with Republicans far more pessimistic than Democrats. But unhappiness about the economy is widespread.

  • Two-thirds of respondents (68%) reported it’s difficult to be happy about positive economic news when they feel financially squeezed each month (Republicans: 69%, Democrats: 68%).

  • Two-thirds of Americans (65%) believe that the economy is worse than the media makes it out to be rather than better (35%).

  • In August the unemployment rate was 3.8%, close to a 50-year low. But the poll found that 51% wrongly believe that unemployment is nearing a 50-year high rather than those who believe it’s actually low (49%).

See also  I think it’s up to $10 trillion now…
Views: 392

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.