Posted on 10/20/2023 8:25:34 AM PDT by ChicagoConservative27
The outlook of Americans on the economy has turned increasingly pessimistic, mirroring the view of economists who see less growth next year.
Back in January, when asked by pollsters for the Economist/YouGov survey whether they thought the economy was getting better or worse, half of Americans chose worse. Around 18 percent said they thought it was getting better. Twenty-four percent said it was staying the same. Nine percent said they weren’t sure.
In the most recent Economist/YouGov poll the share saying the economy was getting rose was 54 percent. The share saying it was getting better was 17 percent. The share saying it was staying the same was 22 percent.
(Excerpt) Read more at breitbart.com ...
Worse than it already is? Wow.
Not a hard prediction to make. Has it ever gotten better?
BidenDepression 2023 / Spring, 2024
In the immortal words of Bubba (Slick) Klinton - "It's the economy, stupid.".
My hope is that it is bad and painful enough that Trump gets swept in with a landslide and he is able to rescue our Country.
High interest rates have a tendency to slow things down. Less buying power from high inflation, similar. High taxes, similar. Billions diverted from our economy to Ukraine and Israel, similar.
Wait until interest rates hit 10%. If you never lived through Jimmy Carter, you’re about to get an education.
Worse than it is now?
To repeat, “My question is are these people still going to vote heavy rat?”
Hell Yes They Are. They are either too stupid to see the cause of the problem, or they will just let the “RATS” cast the vote for them.
Of course they will. They’ll vote for the party that promises them the biggest government handouts, the debt and the economy be damned.
I hope so. Stupid and politically apathetic people should be punished for letting the country get this far.
Already did
Live through Jimmy Carter
“Wait until interest rates hit 10%.”
***********
Credit card rates are already in the high 20’s with some even in the low 30’s.
30 year mortgage rates are over 8% now.
Inflation is rapidly destroying what little disposable income people had.
We may not be at Carter levels yet, but we’re getting very close.
“Stupid and politically apathetic people should be punished for letting the country get this far.”
*************
They easily cancel out the votes of intelligent and responsible citizens. The system favors the Takers over the Makers.
Didn’t dumb masses realize that voting for Biden & his cohorts would lead to a lower standard of living? Enjoy the decline, folks.
“Enjoy the decline, folks.”
************
With the Left, ideology and greed trump everything.
I worked around lots of Lefties and let me tell you they are programmed to block out any thoughts of consequences to their ideas and actions. They want what they want, and they perceive themselves as so morally and intellectually superior to everyone else that they don’t believe they can possibly be wrong. They feel its their duty to push progressivism regardless of the social or economic cost.
Biden is reminiscing for the year he was first elected (1972). High interest rates, economy crushed, out of control gas prices, stubbornly high inflation, a weak foreign policy, unrest in the Mideast, wars, and campus unrest.
The only “Biden Boom” that happens is when the Resident fills his diapers.
Ouch if one carries a big balance. My airline rewards card jumped to 24% sometime during the last few years. It was around 15% the last time I checked.
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