You only think eggs cost too much. "People are really tying Bidenomics and their perception of the economy to the inflation rate," said Matt Monday of Morning Consult, in a new Bloomberg story titled, "Biden's gains against Trump vanish against deep economic pessimism, poll shows." It's the latest entrant in an intensifying campaign to describe voters, especially in key electoral swing states, as morons and partisan haters who'll deny reality itself out of political spite.
This campaign has been weirdly perverse in its mockery. Seattle Times cartoonist David Horsey recently tossed off a visual of the reality-denying swing voter, rendering him as a pudgy, confused hominid in the mode of Monty Python's duncelike Gumbys. Having negative feelings about "the best performing [economy] in the world" is equivalent to denying who won the Super Bowl:
Left, the Swing Voter. Right, Gumbys. When the Wall Street Journal a few weeks ago ran "What's Wrong With the Economy? It's You, Not the Data," I thought the "It's not me, it's you" framing had to be ironic, a spoof of these increasingly numerous "perception of the economy" pieces. Nope:
Noting that 74% of respondents in a recent poll said they felt inflation in the "past year" was going in the wrong direction, author Greg Ip noted flatly "it's not true," adding:
I'm not stating an opinion. This isn't something on which reasonable people can disagree. If hard economic data count for anything, we can say unambiguously that inflation has moved in the right direction in the past year.
Ip might be technically right about the last year of inflation, but I'm not sure how many finance writers want to be in the business of deciding who belongs in the "reasonable people" club, given the last twenty years of unpunished thievery on Wall Street. One could argue a reasonable person would have marched on Manhattan and started defenestrating bankers ten years ago:...
3 comments:
The black in the pic doesn't know the cost of eggs--guaranteed.
Not when you is shopliftin'.
--GRA
Grocery items seem to have plateaued at a higher level.For instance Stouffer's tv dinners are about $3.69--steady for months.Car and house insurance are literally going through the roof.I switched car and dropped my premium from $170.00 a month(used to be $80,two years ago)to $90 with State Farm.Cable is another big riser--which I'm dumping in 5 days.
--GRA
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Pure propaganda. I just got a notice that my electric rates are increasing by 5.8%. Gasoline prices are rising sharply--but the government doesn't include energy and food in its inflation rate--how convenient. My health insurance just increased a lot--for both me and my wife--of course the biggest jump was when we were forced into Obamacare--remember his lie that if you liked your insurance you can keep your insurance? And my wife's insurance pays ZERO outside the network--and she can no longer choose whichever hospital is best for whatever is wrong. I used to pay around $6 for a large jar of peanut butter--now it is about $11. Fish oil tablets at Costco are now nearly $16 a bottle. The money I have at an investment company has shrunk to several thousand less than it was several years ago. Note that the government includes part-time jobs in their employment figures--so if some poor soul is scraping by with 3 part-time jobs they count it as 3 jobs. Furthermore, nearly all new employment is of immigrants--not Americans. Maybe the billionaire elites are doing fine--but not the average family.
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