Brandonomics is working

[chuck_curtis]

but only for Brandon.

President Joe Biden’s re-election campaign has tried to build enthusiasm across the country on his economic record and the success of “Bidenomics,” but voters on both sides of the aisle are confounded, saying they haven’t experienced any financial relief.

“I voted for Biden but I don’t know what he’s talking about when he says ‘Bidenomics,’ or whatever it is, is working,” Sabrina Jones of Denver, Colorado, told The Epoch Times. “Prices aren’t going down for me or anybody I know.”

Ms. Jones isn’t the only American with a pessimistic view of the economy. 

A survey recently released by Bankrate shows that 50 percent of U.S. adults say their overall financial situation is worse than it was prior to November 2020, and 69 percent say their cost of living has increased in the past three years.

“I feel like things have gotten worse since Trump, and I don't think they’re going to get better,” Ms. Jones said.

The reason many Americans have a dour outlook on the economy shouldn’t take anyone by surprise, senior economic analyst for Bankrate Mark Hamrick told The Epoch Times. “In a word: Inflation.”

“Even as inflation has peaked and the year-over-year and month-over-month numbers are coming down, prices have yet to really come down, particularly when looking at pre-pandemic levels.”

Mr. Hamrick added that while the unemployment rate remains low, “historically high and sustained inflation” does a lot more damage to the economy.

“It does appear that 2024 will be a better year for consumers from an inflation standpoint, but a big question mark is associated with just how much the job market will further moderate. Hiring is slowing, the unemployment rate is rising and the numbers of people filing for and receiving unemployment assistance are surging,” he said.
...
Bankrate's recent survey has revealed that about 9 out of 10 Americans say the economy will play a pivotal role in who they vote for in the 2024 presidential election.
...
https://www.theepochtimes.com/us/things-have-gotten-worse-since-trump-voters-say-bidenomics-not-working-5532838

https://www.bankrate.com/personal-finance/biden-economy-and-personal-finances-survey/#insights

[D2D]

Beijing Biden's goal all along is to bankrupt America!

[chuck_curtis]

Even if by some miracle the FED hits the 2% inflation target, that won't lower prices, much less return prices to pre-Brandon levels.

[wvit1001]

Well gasoline here was $2.65 per gallon today.

[D2D]

As you can see CCPWvit is full of it!

https://www.gasbuddy.com/usa

[Truman62]

Prices have gone down to lowest levels since 2021.

US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars

Trump's inflation is tamed!

https://apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-53d93610b5ccaacd097853593f29bc26

Wednesday’s inflation data may lift hopes that the Fed will achieve a difficult “soft landing,” in which price increases fall back
to 2% without causing a spike in unemployment or a deep recession. Last week, the government reported solid hiring in June,
though it slowed compared with earlier this year.

The unemployment rate ticked lower, from 3.7% to 3.6%, near a half-century low.

[Truman62]

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, 8 in 10
said the economy was fair or poor. Just 2% 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.

https://www.yahoo.com/news/great-disconnect-why-voters-feel-185209653.html

[Local5th]

Wages are increasing.

But wage earners making less to to inflation.

[Truman62]

Always looking for the black lining to the silver cloud, eh?

[chuck_curtis]

Accumulated inflation means prices have risen 18% since Brandon took the office.  Is that what your raise is since then?

[wvit1001]

[chuck_curtis]

One thing about a person's financial situation when it comes time to pay the bills, bullchit doesn't fly.