Joe Biden's economy is, honestly, pretty amazing: How come he doesn't get credit?

[Dulcinea]

If the economy is so bad, why are shops and restaurants so packed?

I understand that anecdotal evidence is hardly worth mentioning, but it does make you wonder if people are as concerned about the prices of goods and services as polling data says they are. As you stand in line at that restaurant or circle the mall parking lot looking for a space, do you wonder about the disparity between what people apparently tell pollsters about the economy and what you can see with your own two eyes?

My wife and I are pretty conservative, at least in terms of economic consumption. When we splurge on a meal out, we tend to share a main dish and a salad. That’s both financial and dietary economy; we simply cannot finish the huge portions many restaurants typically serve. Part of that is a consequence of getting older, but it might also be that we can’t eat that much because somewhere along the line we made a conscious practice of not eating that much. I suspect that was connected with raising our daughters and paying for college.

But when we eat at restaurants now, we notice what appears to be freewheeling spending all around us — trays of upscale cocktails and appetizers, pricey entrées and desserts. When we travel to see our grandchildren, the story is the same: Whether we’re in Nashville, Knoxville, Charlotte or Lexington, the restaurants are full. People seem to be spending money like there’s no tomorrow (and maybe there’s something to that).

https://news.yahoo.com/joe-bidens-economy-honestly-pretty-110002417.html?.tsrc=daily_mail&uh_test=0_00

[no_hypocrisy]

1. Suspension of disbelief.

The media generally is making skeptics disregard the numbers and making them not recognize that they have more money.

Gas has gone done. Food prices are stable. The stock market is up.

But viewers/listeners believe that they're less affluent than when Trump was in office. Because they were told to believe that.

[anciano]

6. "Because they were told to believe that"....

Exactly! You nailed it.

[Stuart G]

2. When there is an election next year...and he is reelected, that is when he will get the credit.

Joe's kindness and sympathy will help, but the terrific economy is why he will be reelected.
And it will be a landslide...Joe will take 40 of the 50 states....maybe more. You heard the prediction
right here on November 14th one year ahead of the election. If Trump gets the Puke Nomination, Joe will
probably win all 50 states.

[questionseverything]

3. There are always going to be those top 10%ers

That can afford to spend

And some of the population spends wether they can afford it or not

Housing and grocery costs are through the roof for over 60% of us

[Stuart G]

4. 15 to 20 percent doesn't win an election. Even 30 percent doesn't win.

[at140]

5. Stocks are down based on purchasing power

Inflation has eroded nearly 20% of the dollar's purchasing power. Stocks have not advanced 20%.
SPX500 in purchasing power is worth less than in January 2021.

[doc03]

7. I think that is it inflation, everyone complains about the cost of things. I bought a

new car in 2020 that stickered at $31500. I looked at the same 2023 model, same options last week
$37000. The best thing for us retired people would be a recession. Not wanting one but if I had the choice
I would choose a recession over inflation.