70% Say Joe Biden and Kamala Harris’s Economy Is Getting Worse

[iluvatar5150]

Thats possible (however, I would not say its just true about "right wing news" - almost any profit-based source tries to trick people one way or another, to get paid).

I do not see what does it have to do with the topic, though - that most Americans feel the economy is worse than the numbers indicate. Either the majority is wrong or the numbers are wrong. Left or right has nothing to do with it.

The majority is wrong. There are some perfectly legitimate reasons for them to be misguided in this direction, but right-wing media is also incentivized to paint things as being worse than they are because it makes Biden look bad. One merely need to look at some of the ridiculous arguments that gets tossed around here to see the impact of some of this bad-faith propaganda.

 

[Always in His Presence]

The poll asked 1,010 people, not 245,000,000.

Do you know how polls work?

Yes, I do.

Do you know what the percentages represent? I am thinking no.

 

[Always in His Presence]

One merely need to look at some of the ridiculous arguments that gets tossed around here to see the impact of some of this bad-faith propaganda.

??? Like the cost of food? Or utilities, or gas, how about the propaganda from the right that says 30 year mortgage rates have gone from 2.5% to 7% if you have great credit.

How about an inflation rate that is more than twice from four years ago?

Please cite which of those is right wing media propaganda. Thank you.

 

[KCfromNC]

Thats possible (however, I would not say its just true about "right wing news" - almost any profit-based source tries to trick people one way or another, to get paid).

I do not see what does it have to do with the topic, though - that most Americans feel the economy is worse than the numbers indicate.

You don't see how inaccuracy in news sources could lead to a mistaken feeling that the economy is worse than it actually is?

 

[trophy33]

The majority is wrong. There are some perfectly legitimate reasons for them to be misguided in this direction, but right-wing media is also incentivized to paint things as being worse than they are because it makes Biden look bad. One merely need to look at some of the ridiculous arguments that gets tossed around here to see the impact of some of this bad-faith propaganda.

I am still not sure why to politicize the issue or why to even suspect the majority fell for some propaganda, regarding their personal economical situation.

 

[trophy33]

You don't see how inaccuracy in news sources could lead to a mistaken feeling that the economy is worse than it actually is?

Where do the polled people say they think the economy is worsening because of (right wing) news?

It seems to be the most natural thing to expect they talk from their own situation.

 

[JustOneWay]

Yes, I do.

Good. Then you stand corrected saying that 245,000.000 Americans said the economy is getting worse. 707 people said it.

Furthermore, there are 258,000,000 adults in America. That would make only 180,600,000 adults who say the economy is getting worse, not 245,000,000. Do you know how math works?

 

[iluvatar5150]

??? Like the cost of food? Or utilities, or gas, how about the propaganda from the right that says 30 year mortgage rates have gone from 2.5% to 7% if you have great credit.

How about an inflation rate that is more than twice from four years ago?

Please cite which of those is right wing media propaganda. Thank you.

No, in this case, the "ridiculous propaganda" would be your strawman arguments.

I'm referring to cases like this very thread, where several posters conflate consumer sentiment with underlying economic fundamentals, or this thread in which other forum members made the same error and then decried the charts as meaningless, that the people know better than what the charts are showing.


I'll also point out that inflation has been falling for a while now and is currently sitting a little above where it peaked in 2018. So yes, it's far higher now than it was four years ago when we were entering a recession, but it's not much higher now than it was six years ago, when things were supposedly great.

Consumer Price Index Historical Tables for U.S. City Average : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

www.bls.gov

 

[Halbhh]

No, in this case, the "ridiculous propaganda" would be your strawman arguments.

I'm referring to cases like this very thread, where several posters conflate consumer sentiment with underlying economic fundamentals, or this thread in which other forum members made the same error and then decried the charts as meaningless, that the people know better than what the charts are showing.


I'll also point out that inflation has been falling for a while now and is currently sitting a little above where it peaked in 2018. So yes, it's far higher now than it was four years ago when we were entering a recession, but it's not much higher now than it was six years ago, when things were supposedly great.

Consumer Price Index Historical Tables for U.S. City Average : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

www.bls.gov

View attachment 352530

Since overall prices of the basket of all goods declined month-to-month by -0.1% in June (vs. May), it should be very interesting to see what the July report shows on month-to-month. Another negative number would be very suggestive, but I'll wait to see. (for now, I just have the anecdotal fact that I've been spending less for many grocery things in the last few months, in the form of sale prices (a way to lower prices without committing).

 

[Always in His Presence]

Since overall prices of the basket of all goods declined month-to-month by -0.1% in June (vs. May), it should be very interesting to see what the July report shows on month-to-month. Another negative number would be very suggestive, but I'll wait to see. (for now, I just have the anecdotal fact that I've been spending less for many grocery things in the last few months, in the form of sale prices (a way to lower prices without committing).

What about year to year? Starting in 2018?

 

[iluvatar5150]

What about year to year? Starting in 2018?

I just posted the year-over-year figures. Yes, they're up over last year. But the last two months (i.e. May and June) have seen month-to-month inflation at or below zero. That means prices may have finally started falling, not just rising more slowly.

https://www.bls.gov/news.release/pdf/cpi.pdf

 

[Halbhh]

What about year to year? Starting in 2018?

We are currently, as of June 2024, about at the same year over year inflation as in June of 2018.

June 2018: 2.9% year over year

June 2024: 3.0% year over year

Of course, Trump inherited a very good inflation situation when he took office in 2017, and Biden in contrast inherited an awakening inflation situation when he took office in 2021 -- people having a lot of savings ready to spend and beginning to feel more optimistic and begin spending all that money at once.......
-- but at least for now here in summer 2024, we are at about the same rate as summer 2018.

 

[Always in His Presence]

Current US Inflation Rates: 2000-2025

The annual inflation rate for the United States was 2.9% for the 12 months ending August, compared to 2.7% previously, according to U.S. Labor Department data published on September 11, 2025. The next inflation update is scheduled for release on October 15 at 8:30 a.m. ET, providing information...

www.usinflationcalculator.com

Clearly shows an almost four year decline during the Trump administration followed by an exponential rise thanks to the Biden administration policies.

 

[Halbhh]

Current US Inflation Rates: 2000-2025

The annual inflation rate for the United States was 2.9% for the 12 months ending August, compared to 2.7% previously, according to U.S. Labor Department data published on September 11, 2025. The next inflation update is scheduled for release on October 15 at 8:30 a.m. ET, providing information...

www.usinflationcalculator.com

Clearly shows an almost four year decline during the Trump administration followed by an exponential rise thanks to the Biden administration policies.

Um....well, you could learn something from the reason I pointed out....

It's not trivial.

Perhaps I need to begin pointing it out more often, I'm just realizing....

 

[iluvatar5150]

Current US Inflation Rates: 2000-2025

The annual inflation rate for the United States was 2.9% for the 12 months ending August, compared to 2.7% previously, according to U.S. Labor Department data published on September 11, 2025. The next inflation update is scheduled for release on October 15 at 8:30 a.m. ET, providing information...

www.usinflationcalculator.com

Clearly shows an almost four year decline during the Trump administration

No, it clearly doesn't. The period from 2016 through 2019 is basically flat (2019 is the highest of the four) and in 2020, COVID hits.

Um....well, you could learn something from the reason I pointed out....

It's not trivial.

Perhaps I need to begin pointing it out more often, I'm just realizing....

You're certainly welcome to try.

 

[BPPLEE]

Do you really not see the flaws in your argument? They don’t “know” that the economy is getting worse. They may think it is, but the data is pretty clear that they don’t know it. Consumer sentiment is a separate metric from other fundamentals of the economy.

You’re right that the overall metrics don’t matter to many people, but that doesn’t make their opinions correct.

Maybe the data is wrong. Sure seems odd that so many people are not experiencing what the data suggests

 

[iluvatar5150]

Maybe the data is wrong. Sure seems odd that so many people are not experiencing what the data suggests

No, the data polls what people actually are experiencing, not what they're feeling. If your wages are keeping up with inflation, they're keeping up with inflation, whether you feel good about things or not.

 

[Always in His Presence]

No, it clearly doesn't. The period from 2016 through 2019 is basically flat (2019 is the highest of the four) and in 2020, COVID hits.

Not to anyone who opens the link - have a great day!

 

[Always in His Presence]

No, in this case, the "ridiculous propaganda" would be your strawman arguments.

I'm referring to cases like this very thread, where several posters conflate consumer sentiment with underlying economic fundamentals, or this thread in which other forum members made the same error and then decried the charts as meaningless, that the people know better than what the charts are showing.


I'll also point out that inflation has been falling for a while now and is currently sitting a little above where it peaked in 2018. So yes, it's far higher now than it was four years ago when we were entering a recession, but it's not much higher now than it was six years ago, when things were supposedly great.

Consumer Price Index Historical Tables for U.S. City Average : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

www.bls.gov

View attachment 352530

Love, love, love your chart - let's take a closer look - I highlighted my point in red also

Mr Trump's first month in office - YOUR NUMBERS - Inflation was 2.7% - It go up by .2% at it's highest and when he left office the inflation rate was 1.4% - Mr. Biden inherited that rate and it rose by 678% within 17 months - is has dropped now to 3% which is over 150% higher than Mr. Trumps -

and people are touting a month to month change of .1% as something laudable -

 

[Halbhh]

You're certainly welcome to try.

Hmmm....maybe we should try to find out why people would even be for Trump at all, today, after all that's he's said and done, including slandering some groups of immigrants and other major sins against the stated will of God. What it is that has trapped some people to blindly believe in Trump?