Posted on 01/17/2024 9:50:13 AM PST by JV3MRC
The Washington Post should know that the definition of insanity is doing the same thing over and over again and expecting a different result. Continuing to tell voters they’re ignorant for not appreciating the Biden economy is case in point.
“The economy is improving under Biden. But many voters aren’t giving him credit,” read The Post’s condescending Jan. 14 headline. But that was just the start of The Post’s nonsense, which took six authors to spit out.
It proceeded to cite data points without context to prop up President Joe Biden’s cadaver of an economy: “By many measures, the U.S. economy is a great success story — recession fears have fallen, along with gas prices and the unemployment rate, while manufacturing construction is up along with nominal wages and the stock market.”
Except, JPMorgan Chase CEO Jamie Dimon just warned that the U.S. economy looks like the dreaded stagflation era of the 1970s; Reuters reported in December that U.S. manufacturing was “mired in weakness” and forecasted the economy as “heading for slowdown.”
In fact, the New York Federal Reserve’s Empire State business-conditions index "sank in January to the lowest level since the onset of the coronavirus pandemic in 2020, perhaps a sign of trouble brewing for the U.S. economy," according to MarketWatch. In addition, American households are having to spend an extra $11,434 a year just to maintain the standard of living they had in January 2021. Housing is also suffering. CNN reported in November that this was “the least affordable housing market since 1984. It’s getting worse.”
All of this somehow spells a “great success story," but those dumb plebeians just aren’t getting it, implied The Post in its propaganda.
(Excerpt) Read more at newsbusters.org ...
Yeah, and it is even more fun for those of us retired on a fixed income!
Apparently, screed writers at the WP don’t ever visit a damned grocery store, either. They must LOVE eating out all the time in DC yukking it up and lying about stuff for Biden.
“American households are having to spend an extra $11,434 a year just to maintain the standard of living they had in January 2021”
Did anybody get an $11,434 raise to cover that?
We couldn’t have retired into a worse situation. No raises here.
Giving Biden ‘Credit’ for ‘Improving’ economy is like feeding a feral dog and you just ran out of food for it.
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