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!”
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.
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