I HAVE been fronting this for some time…..
And?
This IS a problem for Joe Biden…..
Amereican President’s have little to no econtrol over the economy…
But ?
Get blamed for lousy Economies nevertheless….
By traditional measures, the economy is strong. Inflation has slowed significantly. Wages are increasing. Unemployment is near a half-century low. Job satisfaction is up.
Yet Americans don’t necessarily see it that way. In the recent New York Times/Siena College poll of voters in six swing states, eight in 10 said the economy was fair or poor. Just 2 percent said it was excellent. Majorities of every group of Americans — across gender, race, age, education, geography, income and party — had an unfavorable view.
To make the disconnect even more confusing, people are not acting the way they do when they believe the economy is bad. They are spending, vacationing and job-switching the way they do when they believe it’s good.
“People say, ‘Economists don’t know why we’re unhappy? Just look at the prices!’” said Betsey Stevenson, an economist at the University of Michigan who worked in the Obama administration. “We’re looking at the prices, and we’re wondering, why are you buying so much stuff?”…
…
Voters who had already achieved certain markers of economic success, like advancing in their career or owning a home, also described feeling stuck, with little money left over to splurge or make a life change. Yet overall, economists said, data shows that more people are quitting jobs to start better ones, moving to more desirable places because they can work remotely, and starting new businesses…..