Wow, it's like something happened in 2020 before Biden was even in office that caused a sharp dip in consumer sentiment. And it has rebounded 20 points over the last year and a half.

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Posted by BCreed1

Alabama

Member since Jan 2024

1377 posts

Posted on 2/7/24 at 11:46 pm to Hmbre97

quote:
Wow, it's like something I can not comprehend

FIFY. I will explain.

That charts shows people are still hurting. Period. When it gets back to precovid levels, you have a point. Right now, you have simply lost the argument.

From the time Biden entered office a major dip took place. In fact it was roughly a 39 point drop off. It still has over 30 points to return to pre covid and Trump era.

This post was edited on 2/7/24 at 11:51 pm

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Posted by NC_Tigah

Carolinas

Member since Sep 2003

124360 posts

Posted on 2/7/24 at 11:52 pm to Hmbre97

quote:
Wow, it's like something happened in 2020 before Biden was even in office

March 2021 was not "before Biden was even in office." Sentiment was nearly 90. Over the ensuing year, it plummeted to 50. It has only recovered about 1/2 that loss.

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Posted by NC_Tigah

Carolinas

Member since Sep 2003

124360 posts

Posted on 2/8/24 at 12:01 am to Hmbre97

quote:
that caused a sharp dip

Incidentally, the cause of plummeting sentiment is obviously inflation.
The cause of inflation, though, was a demand-supply mismatch driven in this country largely by west coast restrictive transport regulations, port inefficiencies and union-based work stoppages. Instead of addressing the problem, pothole Pete took a couple of months off for childbirth, I guess recovering from his episiotomy?

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