this post was submitted on 15 Apr 2024
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politics

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Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.

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[–] [email protected] 1 points 7 months ago (7 children)

Other staples of life have also grown more expensive. Gas prices have gone up by about 50 percent in the past four years. Fuel-oil prices jumped by more than half from March 2020 to March 2024

Wow what totally innocuous and unbiased dates

[–] [email protected] -3 points 7 months ago (6 children)

It's an article about Democratic analysts downplaying inflation during the Biden administration. What date range do you want him to use, the Gilded Age? Also:

The president is more clear-eyed than his cheerleaders. Several months ago, he largely stopped touting the joys of “Bidenomics” and talked instead about challenging the corporations that raised prices and padded profits. During the State of the Union, Biden pledged to take on corporations that quietly shrink their products and hike prices out of greed.

He's not even criticizing Biden, he's criticizing pundits for telling Americans that their economic experience is wrong, a strategy Biden himself has moved away from. Either you judged this article before you read it or you care very deeply about Democratic PR consultants.

[–] [email protected] 5 points 7 months ago (5 children)

Gas prices are down 30% since June 2022. Dead even since March 2014. Why did he pick March 2020? Because it was the absolute lowest prices of the entire decade due to a global pandemic. Every date he picks to compare is arbitrary. It's not a comparison of "people felt good in 202X, and now they don't feel good. Let's compare the data." It's cherry picking.

[–] [email protected] 0 points 7 months ago (1 children)

Incorrect, gas prices have gone up again, and are projected to rise above the $4 per gallon mark by May.

[–] [email protected] 1 points 7 months ago

Which is completely irrelevant for why people were feeling bad about the economy for the last many months.

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