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This Guardian Survey tells me that the Biden administration IS NOT talking about their success. They have done the hard.
.... part, so they now need to blow their own horn. LOUD, CLEAR AND REPEATEDLY! Starting yesterday.
What the surprising results of a Guardian poll tell us about American economic anxiety
By Georgia Warren Interim membership editor
How do you feel the US economy is going? According to most Americans, things are pretty bleak – but most Americans, as it turns out, are wrong.
We commissioned an exclusive poll this week, and the results, revealed by reporter Lauren Aratani, show that Americans’ understanding of our own economy is at odds with the facts:
• 56% of us think the US is in a recession right now – though we’re not
• 49% believe that unemployment is at a 50-year high – though it’s at a near 50-year low
• 72% think inflation is still increasing – but it’s falling
• 49% believe the stock market is down for the year – but it’s up
Of course, politics and partisanship play a large role in determining our impressions of the economy. As you would expect, Republicans are far more likely to be pessimistic about a Biden-led economy, with 81% believing we’re in a recession – but more surprisingly, according to our poll, so do 61% of Democrats.
What accounts for this discrepancy between economic fact and feeling? Guardian US deputy business editor Callum Jones said in part it’s because these stats don’t reflect many Americans’ real-world experiences: “When you pick up groceries right now, and it's still so much more expensive than it was a few years ago, you don't really think about official data showing GDP expanding and inflation fading from its peak. You think: ‘How the heck did I just spend that much?’”
We commissioned an exclusive poll this week, and the results, revealed by reporter Lauren Aratani, show that Americans’ understanding of our own economy is at odds with the facts:
• 56% of us think the US is in a recession right now – though we’re not
• 49% believe that unemployment is at a 50-year high – though it’s at a near 50-year low
• 72% think inflation is still increasing – but it’s falling
• 49% believe the stock market is down for the year – but it’s up
Of course, politics and partisanship play a large role in determining our impressions of the economy. As you would expect, Republicans are far more likely to be pessimistic about a Biden-led economy, with 81% believing we’re in a recession – but more surprisingly, according to our poll, so do 61% of Democrats.
What accounts for this discrepancy between economic fact and feeling? Guardian US deputy business editor Callum Jones said in part it’s because these stats don’t reflect many Americans’ real-world experiences: “When you pick up groceries right now, and it's still so much more expensive than it was a few years ago, you don't really think about official data showing GDP expanding and inflation fading from its peak. You think: ‘How the heck did I just spend that much?’”
https://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-biden|
https://www.theguardian.com/us-news/article/2024/may/22/biden-trump-election-georgia-economy
https://www.theguardian.com/us-news/ng-interactive/2024/may/22/how-is-the-us-economy-doing-quiz
5 replies
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