“I’m tired of deleting death threats”: Economist Claudia Sahm on the inconvenient truth about America’s economy. Americans have never had it so good, but they refuse to admit it. The argument is not about whether the American economy really is in good shape: “It’s about, is Biden good or bad”.

https://www.newstatesman.com/business/economics/2024/03/death-threats-claudia-sahm-america-economy

by mafco

6 comments
  1. Americans have never had it so good. What about pensions, affordable health care, affordable education, and affordable homes. Are any of these things considered in your definition of a good economy. Yes corporations are raking in record profits, but the working class isn’t benefiting from some CEO being able to afford a yacht and making 350x more than the average worker.

  2. Hell hath no fury like a MAGA disabused of anti-Biden talking points by the facts.

    I almost feel sorry for them. One by one all of their main election talking points to convince voters they are miserable and the country is going to hell are going ***poof!***, as reality and facts prove them to be lies.

    The widely predicted US recession never materialized. Gas prices are back down below $3 in many places. Crime has plummeted under Biden. US oil production is at a record high. The stock market is at a record high. Real wages are up. Immigration has been a huge benefit to the US economy. Inflation is down and consumer confidence and spending are up. Republicans now own the border crisis after torpedoing a tough bipartisan border bill endorsed by Biden.

    One by one, all of the main talking points of Republicans and Trump are disappearing as they are proven to be lies or exaggerations. Will the voters catch on before November?

  3. The deficit makes up a sizable percent of GDP. If we slow down the deficit spending we will see the true state of the economy. Until then it’s all roses funded on credit.

  4. Americans who own assets and equities can certainly be happy.

  5. Maybe if Biden had cheated on his wife with a porn star or cheated on his taxes or threatened a judge’s family or defrauded people 100 different ways, maybe then the Republicans could make a good comparison as to which is the “least evil”. But, as thing stand, Trump is simply “the evil one”.

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