The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now

Rapidcreek@lemmy.world to politics @lemmy.world – 154 points –
The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now
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I don't really think that the Gallup poll you linked refutes Carter's point, actually. Gallup and Carter are examining completely different data, and honestly, Gallup doesn't make a claim about what the cause is for these findings.

The poll states that 68% of Americans thought in December that the economy was worsening. But looking a little further, actually 64% of Democrats thought it was getting better, compared to only 8% of Republicans. It kind of feels like this is the actual information we should be concerned with in the poll, and that you're only giving me part of the information for some reason.

Regarding the CPI, it does track food and beverage as a core category.

https://bls.gov/CPI/questions-and-answers/

The CPI represents all goods and services purchased for consumption by the reference population (U or W). BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups (food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services). Included within these major groups are various government-charged user fees, such as water and sewerage charges, auto registration fees, and vehicle tolls.

I agree we have a lot of work to do still, but I'm sure we can also agree that a significant portion of Americans are also not very informed and generally make poor financial choices.

That's what you're going with? Over half the country is just making poor financial choices?

I'll give you that I mixed up core inflation and CPI.

I mean yeah, you yourself are here arguing the wrong facts, and I assume you consider yourself educated. You think a high school graduate in Iowa is going to have received financial literacy education? I severely doubt it.

I also am actually going with the fact that the data you gave me is highly partisan in nature. Republicans are in another reality man. I think we'd be doing ourselves a disservice falling for their talking points.

They didn't only survey partisan people. That's the percentage of people who responded and identified as Democrat/Republican. Political apathy polls also consistently sit at about half the country.

And campaigning on, "you're all just stupid" is a very brave move. That alone would answer the question the author so bravely poses and then ignores.