Biden is on track to beat inflation and lose the presidency
Biden is on track to beat inflation and lose the presidency
The data on prices is getting better, but the public’s disapproval of the president remains unchanged.
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There's a lot wrong about this article, there's so much to unpack:
"Thus, the idea that Biden is personally responsible for the surge of inflation in 2022 — and that he cannot be trusted to effectively manage the economy for that reason — appears deeply rooted in voters’ minds."
That's not why Biden isn't trusted on inflation, the reason he's not trusted is because when people tell him the economy is bad and they're hurting, he ignores their personal experience and rolls back on "What are you talking about, Jack? Economy's great!"
https://www.inquirer.com/opinion/biden-economy-inflation-elections-prices-20240429.html
"The fact that wages have been rising much faster than prices for more than a year has left no dent on this impression."
Because the only way to reap the benefits of rising wages is to change jobs. People remaining in the same job have seen stagnant wage growth.
https://www.resumebuilder.com/half-of-companies-may-not-give-cost-of-living-raises-in-2024/
So inflation is going up, wages are stagnant, that means you're effectively getting a pay cut and the President goes "What's wrong, man? Look at the GDP!"
The same goes for a decline in rental prices. You don't see the decrease if you're in a lease. If you move you might get a break.
"Another few months of falling inflation could move the needle a bit, but there’s little reason to assume that such a development will dramatically change public opinion."
Inflation is not falling, it's increasing slower than it was. Last month it went up 3.3%, the month before, 3.5%. The fact that it went up .2% slower than before doesn't mean it's going down.
in the store today for a five pack of denver steaks which were about $10 beginning of last week
today when purchased the same pack it was about $20
same with every other grocery item in the store prices just keep going up and never down
Blame Reagan. Turns out that getting rid of that pesky government oversight did allow corporations to thrive... At the cost of consumers. It's been a long slide, but the pandemic showed companies just how much they can get away with.
There's like 3 major airlines, 3 cell providers, and 10 companies that make most of your groceries. Profits are up, and so are prices. Competition is all but dead. To quote Highlander, "There can be only one."
I'm not going to be polite about liars like you. Every time inflation is mentioned someone comes out of the woodwork and claims preposterous inflation. I buy steaks both from the local grocery and the local butcher. Prices did not double last week for me or anyone else in the US.
Red meat is likely to cause cancer it is also destroying the environment, requires massive subsidies, land and water to stay relatively low cost and the workers in meat processing plants are suffering relentlessly.
I would instead suggest beans, lentils, tofu , tempeh or seitan.
I say this with love: you will never persuade anyone by bringing it up this unprompted. I don't eat meat myself and I can see that. I'm not sure what a good approach is, but this one puts people on the defensive and makes them entrench themselves out of spite.
That said, if anyone wants a good lentil recipe, check out misir wot. It's goddamn delicious, as confirmed by my very traditional meat-loving dad, and not difficult to make either
Lentils and chickpeas, my beloved.
I don’t think you’ll ever convince someone like that to stop being like that.