Republicans are Far More Partisan in the Their Perception of the Economy

[Cellblock2429]

Yeah, because of Trump. Remember, you Trump cultists can't gaslight those where aren't in your cult. We know the facts, so we know you're lying for TheParty.

Who blackmailed the Saudis into a massive production cut, specifically to raise the price of oil?

Conservatives all support Trump for doing that, so it would appear they wanted higher gasoline prices.

Democrats serve the people, Republicans serve the oil companies.

/——-/ Trump did that to protect US oil workers. Dementia Joe shut down production specifically to hurt oil workers. And you applauded Joe every step of the way.

 

[Greenbeard]

/----/ Perceive this Libtard and tell us where the vast majority of consumers are wrong.

The thing is, all the items you selected have declined in price since January. E.g.,

So you're basing your economic perceptions on outdated charts for products you obviously don't actually buy. Which seems like a weird way to do it.

Meanwhile, most of us make a good deal more money than we did in 2020.

 

[Cellblock2429]

The thing is, all the items you selected have declined in price since January. E.g.,

So you're basing your economic perceptions on outdated charts for products you obviously don't actually buy. Which seems like a weird way to do it.

Meanwhile, most of us make a good deal more money than we did in 2020.

/---/ The prices are from December 2023, Moron. I do buy eggs, milk, butter, bread and bacon. Geeeze you think I'm on one of your libtarded tofu diets? you don't eat any of these things?

 

[Couchpotato]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

70%. 70% of people think the admin is doing a poor job with the economy. Even if thats all Republicans it’s still half of Democrats. Not sure why it’s such a hard concept for so many of you but GDP growth, and the inflation rate coming down and the DOW being high doesn’t mean anything to people who are struggling to pay rent and buy groceries. Or the people who can do that but have little or nothing left after that’s done. And no number of threads saying the economy is good or the media and the admin saying it will convince people that it is.

 

[Cellblock2429]

70%. 70% of people think the admin is doing a poor job with the economy. Even if thats all Republicans it’s still half of Democrats. Not sure why it’s such a hard concept for so many of you but GDP growth, and the inflation rate coming down and the DOW being high doesn’t mean anything to people who are struggling to pay rent and buy groceries. Or the people who can do that but have little or nothing left after that’s done. And no number of threads saying the economy is good or the media and the admin saying it will convince people that it is.

/——/ 61% of adult Americans are invested in the market, but not all are investing the best way. That leaves a large number struggling to make ends meet.
And, just because inflation is cooling, prices are still rising but not as quickly. I posted charts showing the cost of goods 2020 vs 2023 and the libtards still couldn’t grasp the cost of living today even though the see it everyday.

Share of Americans investing in stocks 2023 | Statista

In 2023, over half of adults in the United States invested in the stock market.

www.statista.com

 

[Harpy Eagle]

/----/ Perceive this Libtard and tell us where the vast majority of consumers are wrong.
View attachment 879317

What you fail to grasp is that even with inflation falling, prices are still way above 2020 levels and rising, but not as fast. Is that concept over your head?
View attachment 879318
I am posting basic items, not luxury ones.
View attachment 879319

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Only bacon has fallen some, but still higher.
View attachment 879322

How expensive are groceries in 2023? These 5 graphs show prices skyrocket

You’ve probably felt your grocery bill growing over the past year, but seeing the numbers really puts it into perspective.

thehill.com

And let's not forget gas.

The latest US gas prices at a glance​

1. National average: The current national average cost for gas is $3.12 (Dec. 21, 2023)(1)
2. Cheapest weekly national average since 2018: The lowest weekly gas price was $1.84 per gallon on Apr. 16, 2020(2) Gas prices US | Weekly gas price averages: 2018-2023 | Finder

Why did you end all your graphs in Jan 23 instead of making them current?

 

[dudmuck]

70%. 70% of people think the admin is doing a poor job with the economy. Even if thats all Republicans it’s still half of Democrats. Not sure why it’s such a hard concept for so many of you but GDP growth, and the inflation rate coming down and the DOW being high doesn’t mean anything to people who are struggling to pay rent and buy groceries. Or the people who can do that but have little or nothing left after that’s done. And no number of threads saying the economy is good or the media and the admin saying it will convince people that it is.

 

[Couchpotato]

So now you believe what he says? ROFL....

 

[Couchpotato]

What does this have to do with the electorate's perception of the economy?

 

[Greenbeard]

/---/ The prices are from December 2023, Moron.

If you can’t read a chart, I’m not shocked you can’t read a price tag on a carton of eggs.

 

[Greenbeard]

Why did you end all your graphs in Jan 23 instead of making them current?

Because prices dropped sharply after that. Or he’s a moron. Or both.

 

[Cellblock2429]

If you can’t read a chart, I’m not shocked you can’t read a price tag on a carton of eggs.

/—-/ And you ignore all of the other food items that didn’t come down in price. I included the pullback in eggs so you clowns couldn’t accuse me of ignoring it.

Hope this is clears things up for you:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.1 percent over the last 12 months to an index level of 307.051 (1982-84=100). For the month, the index decreased 0.2 percent prior to seasonal adjustment.Nov 2, 2023

U.S. Bureau of Labor Statistics › pdf › cpi

Consumer Price Index - November 2023 - Bureau of Labor Statistics​