Well, that is what this thread is about- The Oval Office and the economy.
Yeah, Capitalism can be bad sometimes, but that is besides the point.
The current economy, is damn good and the current President is doing the best he can.
The economy matters to some people, namely a lot of wealthy donors some of whom have curtailed or stopped donations to the GOP because they can’t seem to function well enough to legislate, but more people are concerned about transgender people, immigrants, wokeness, etc., etc. Trump has even poked fun at his base for their concerns about wokeness despite not being able to define it or when he lamented that they care more about restricting trans rights than they did cutting taxes.
We’re in the middle of a culture war battling for the soul of the United States. The economy just isn’t as important as hurting LGBTQ+ people, preventing abortions, sticking it to immigrants, making sure Trump comes back for his vengeance tour, and most importantly owning the libs.
This could be addressed to me:
Democrats Are Panicking About the Wrong Thing
Reading the whole article, I accept the problem exists, but don’t know what Biden can do about it. Telling voters their perception is wrong does not win friends and influence people!
If the article is correct, what Biden needs to do to win Pennsylvania is to remove tolls from our turnpike. Of course, he can’t do it.
P.S. What about fixing the long passport application delays, and halving the cost? Or free passports for kids. Hard, but maybe possible. In theory, the administration sets the rates.
How in the name of sweet Jesus does anyone with a functioning brain think that Mister Spew Childish Insults On Thanksgiving has even one tiny idea of how the economy works, much less joe to improve it? Is a whole swath of the country that fundamentally stupid?
I’ve asked myself the same. Part of it may be the poll question; if they were the only two options besides “I don’t know / no answer” and they feel (wrongly) that the economy is Biden’s fault, Trump is the only answer left.
(With a healthy dose of, “he did what? Oh, I’m sure that has to be an exaggeration. I don’t follow the news, anyway…”)
(And yes, a lot of stupidity.)
I guess it’s the brand he created, the peerless negotiator, the deal maker, the expert in all things financial. The fact that he is an ignorant ass in all things, including business, somehow escapes their scrutiny.
I have an MBA specializing in accounting, and a BS with a dual major in management and finance. High GPA. Worked in the financial services industry for over 40 years. IOW, about as expert as a million other people.
And I am extremely confident I could discuss economics and the role of the presidency in the economy in a manner that would run circles around that ignoramus. That’s a pretty low hurdle you might say. Yes! That’s the point!
This dummy isn’t running for president, that dummy is.
That’s a good question, but I don’t use Sweet Jesus to answer it 
Thr context of the New York Times poll in question is that registered voters were asked a series of six “whether you trust Joe Biden or Donald Trump to do a better job on” questions. On the economy, national security, the Israeli-Palestinian Conflict, and immigration, they trusted Trump more. On abortion and democracy, they trusted Biden more.
The median voter wants to think that all truth and goodness isn’t on one side. So do I!
Now, personally, even though I am a centrist, I trust Biden more than Trump on all six of those question areas. But, in the abstract, and given that party rotation in office seems built into our system, more typical voters not only want to think that the Democrats are good in some areas, and the Republicans in others — they refuse to think otherwise. They then think that when the party in control changes, it can fix some of what the last party did. That’s why swing voters, who do actually exist, swing.
Suppose one of these centrist median voters thinks Biden is better on climate, guns, health care, abortion, and democracy. Maybe for that very reason, they feel that they have to pick other issues where Trump is conceivably stronger.
Yea, just guessing, because it is very hard to put myself into the mindset of these voters.
Anyone who thinks Trump would be better for the economy (or … well pretty much anything) is lacking a mind, not a mindset.
The only thing Trump is better at is being a whiney, petulant, self absorbed toddler who tries pathetically to insult his betters.
Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.1 percent.
https://www.bea.gov/news/2023/gross-domestic-product-second-estimate-corporate-profits-preliminary-estimate-third#:~:text=Real%20gross%20domestic%20product%20(GDP,real%20GDP%20increased%202.1%20percent.
In other words, the economy is doing great.
One bit of good news for Biden is that the Dow Jones is flirting with an all time high.
Does this mean jack shit regarding the economy as a whole? Heck no!
But it is a quick easy to understand shorthand that the media uses as a substitute for the economy. So if the Dow Jones can repeat last weeks rise and get over the mark, it will be reported by many news agencies with the tag line that the economy is back on track. This may be enough to shift many perceptions overnight.
Inflation continues to decrease-
https://thehill.com/homenews/4335349-key-inflation-measure-drops-ahead-of-feds-last-meeting-of-the-year/
The Federal Reserve’s preferred measure of inflation fell to its lowest level in more than two-and-a-half years, taking more pressure off the central bank to make another quarter-point rate hike before the year is out.
The personal consumption expenditures (PCE) price index held steady on the month and fell to a 3-percent annual increase in October, down from 3.4-percent increases in the previous three months. That’s the lowest number since March 2021.
Which suggests it was a more of a supply chain squeeze and or input commodity price squeeze than any sort of monetary phenomenon.
If we can keep disease, pestilence, and war mostly at bay for another year or so all will be well.
Well, that was a major part of the inflation, sure.
Here’s a chart and wording to post on your FB page…
Since 1989, 50 million jobs have been created in America.
48 million (96%) of those jobs have been created under Democratic Presidents. 2 million (4%), were created under Republicans.
Cite:
Job creation is an interesting concept. Is it job destruction when unemployment goes up because lots of people got laid off of jobs that (at least temporarily) don’t exist anymore? I’d be interested to see a corresponding graph of those statistics.
I believe these statistics are the net increase in the number of jobs.
Where we do have dodgy statistics is when we say that “small business create 75% of new jobs” or some such. That is where they count jobs “created” by small business as they form and grow, but not the ones lost when they collapse. So that restaurant on the corner that has had five owners in 20 years and employed 20 people at best throughout. It created 80 jobs over the last 20 years. And it will create 20 more when it goes bust and is replaced by another “concept” next year.
Heck, my brother who is self employed, and has been for 15 years, has created several new jobs in three states in that time. He’s never hired anyone except himself through various LLCs.
I mentioned in the past how supposedly liberal outlets like the NY Times always strive for balance. The top story today:
“Holiday Spending Increased, Defying Fears of a Decline”
Do you think the RW sources would spin positive news like that, under a Republican administration. Nope.
So, moderates and liberals see a headline with “Fears of a Decline” and conservatives never see any good news under Biden. It’s no wonder that people think the economy is shaky.
Again, though, if they thought their own situation was shaky, holiday spending would not have increased.
I agree with your overall point about non-RW media foolishly and misleadingly being part of the doomscrolling.
But I’ll quibble a bit with this:
One heck of a lot of people spend money at holidays that they really can’t afford. The emotional mind overrules the rational a LOT when it comes to holiday spending. Aided and abetted of course by rampant advertising.
Of course, but that’s always true, and yet holiday spending goes up in good times and down in bad times, relative to previous years.
Just to summarize:
Holiday spending is up this year, which is both good for this consumer-driven economy and shows that people feel more confident in their position this year than they did last year.
The NY Times headline tempers that good news with a note about fears of a decline.
Fox News, as an example, has nothing on their main page about the increase in holiday spending.
People spend more than they should, but it still goes up and down with their views of their own prospects.