martybegan
Diamond Member
- Apr 5, 2010
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Our leaders may be dumb, our people are dumber. Forget about whether you think the economy is good or bad, Americans are ignorant of the basic economic indicators. The Harris Organization did a poll for the Guardian and discovered American are massively uninformed.
Democracy has a an inherent requirement for a populous to be informed. Otherwise it can’t work.
- 55% believe the economy is shrinking, and 56% think the US is experiencing a recession, though the broadest measure of the economy, gross domestic product (GDP), has been growing.
- 49% believe the S&P 500 stock market index is down for the year, though the index went up about 24% in 2023 and is up more than 12% this year.
- 49% believe that unemployment is at a 50-year high, though the unemployment rate has been under 4%, a near 50-year low.
- 72% think the rate of inflation is increasing. In reality, the rate of inflation has fallen sharply from its post-Covid peak of 9.1% and has been fluctuating between 3% and 4% a year.
Majority of Americans wrongly believe US is in recession – and most blame Biden | US economy | The Guardian
Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bidamp.theguardian.com
Nothing more than the standard Marxist "mystification" trope in new Dem/Progressive clothes.