So basically, the economy is really good and conservatives are just lying, stupid, and crazy. Right….. That’s our MSM for you, folks.
By most standard measures, the American economy is going gangbusters. GDP grew at a nearly 5% annualized pace in the third quarter, the best since late 2021. Unemployment sits at just 3.9%. Inflation, which had peaked at a 7.5% annual rate in January 2022, has fallen to 3.2%. Joe Biden can trumpet the fact that just under 14 million jobs have been created since he took office, a record for an American president. Over the comparable period in Donald Trump’s term — before the Covid-19 pandemic — fewer than 6 million jobs were created.
And people are certainly acting like the economy is good: Consumer spending is strong, and Americans are starting new businesses at the highest rates since the Census Bureau began tracking this data in 2006. Yet when pollsters ask people how they think the economy is doing, they don’t just express concern. They say the economy is terrible.
Every day, more ink is spilled exploring this “disconnect,” this “mystery,” this “puzzle.” Many of the factors analysts suggest as they try to explain are perfectly reasonable, and probably contribute to dim views of the economy. But most of the time, the most obvious and important explanation is overlooked: The polling data doesn’t show that Americans think the economy stinks so much as it shows that Republicans say it stinks.
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