Too much wrong and ineffective government policy over the past 50 years combined with too little regulation and too much consumption by all of us.... of the dumb wasteful kind....has created much of the fog that currently surrounds what is essentially a very solid US economy that is improving by leaps and bounds…
Too much wrong and ineffective government policy over the past 50 years combined with too little regulation and too much consumption by all of us.... of the dumb wasteful kind....has created much of the fog that currently surrounds what is essentially a very solid US economy that is improving by leaps and bounds daily.
The misperceptions of our economy are driven by so many different and subtle factors: efficiency, quality, profit motive, cost control, value, technology, innovation, fear, greed, hucksters, the dream of financial independence for the lucky few who are willing to work hard to achieve it while the bulk of our citizens live pay check to paycheck.
People hate to look into the future because they think it might get worse for them, not better. The reality of their moment dominates their opinions, beliefs and actions. This is why it’s so hard to sell the benefits of Biden’s fiscal policies. The wrongheadedness of the Republicans is making it easier, though, which in reality, is very helpful. Maybe by the end of Biden’s second term his administration’s vision and policies will be more broadly understood and valued by the vast majority of the general public; but not yet. The Fed is also doing a great job driving down inflation and achieving sustainable high levels of employment. That’s also a key part of the reality of our overall situation.
It remains my firm belief that the majority of American voters get what the Fed and the administration are doing and are driving to accomplish. This is why I believe the Dems will be able to regain control of both houses of Congress and pick up further positive momentum in 2024.
Lord, so do I. I put a lot of money on Beto. Don’t have much to contribute this year, but I’ll do what I can. Slimy Ted is well-loved by MAGAts, can’t fathom
Perception versus reality.
Too much wrong and ineffective government policy over the past 50 years combined with too little regulation and too much consumption by all of us.... of the dumb wasteful kind....has created much of the fog that currently surrounds what is essentially a very solid US economy that is improving by leaps and bounds daily.
The misperceptions of our economy are driven by so many different and subtle factors: efficiency, quality, profit motive, cost control, value, technology, innovation, fear, greed, hucksters, the dream of financial independence for the lucky few who are willing to work hard to achieve it while the bulk of our citizens live pay check to paycheck.
People hate to look into the future because they think it might get worse for them, not better. The reality of their moment dominates their opinions, beliefs and actions. This is why it’s so hard to sell the benefits of Biden’s fiscal policies. The wrongheadedness of the Republicans is making it easier, though, which in reality, is very helpful. Maybe by the end of Biden’s second term his administration’s vision and policies will be more broadly understood and valued by the vast majority of the general public; but not yet. The Fed is also doing a great job driving down inflation and achieving sustainable high levels of employment. That’s also a key part of the reality of our overall situation.
It remains my firm belief that the majority of American voters get what the Fed and the administration are doing and are driving to accomplish. This is why I believe the Dems will be able to regain control of both houses of Congress and pick up further positive momentum in 2024.
They aren’t in Texas
Jeri, I still hold out hope for Colin Allread against Cruz. He’s avoided the third rail of gun registration that doomed Beto.
I think Dems will just lose his House seat. Repubs in Texas cheat big time. Otherwise Beto would be our Sen.
Jeri, I hope that you’re wrong.
Lord, so do I. I put a lot of money on Beto. Don’t have much to contribute this year, but I’ll do what I can. Slimy Ted is well-loved by MAGAts, can’t fathom