For whatever reason, Americans are badly mistaken about the economy. The economy is doing very well.
Sadly, voters vote from their perceptions rather than reality.
This thing about the US being in a recession is just stupid. Downright idiotic. The last recession was on Trump's watch during the pandemic. We are not in a recession.
Our economy came roaring back. We are in far better shape than most of the world.
I think what is warping American's perspective is the new normal of the prices for goods.
If inflation dropped to zero today, prices would not drop. That would be DEflation. And we do NOT want deflation.
You could buy a Coke for a nickel when I was a kid. It's never going to be a nickel again. But what offsets that is my income has risen at a faster rate than the price of a Coke.
That is the case in this situation. Wages have outpaced inflation. So even though you work just as many manhours, or less, to buy a Coke than you did before the pandemic, the higher price has a skewing psychological effect.
Rather than take the trouble to explain this, it is easier to just say, "BECUZ BYDEN!!!"
