I can’t believe MSNBC aired this

I have been trying to reconcile this reporting with reality for several weeks. Even the WSJ reports solid economic numbers while most Americans are simply not having it. Why is that?

1) Inflation is real and salaries have not kept pace despite increasing during the pandemic.

2) Just about every Administration since the '50s has tinkered with calculations for everything from GDP, inflation, Consumer Price Index, unemployment, and on and on. Most did it to make their bad economic news look "less bad" for the media. As a result, many of our economic indicators aren't moored with any meaningful historical references. We can't really say if things are better or worse with any certainty because we constantly change the calculus.

Consequently, economists can report numbers until they are blue in the face, but mom and pop are just trying to balance a checkbook and live on a budget. And they know that they are feeling the strain today more than they did last year or the year before.

All one has to do is look at their own personal situation.

Want to borrow money? It costs you more today than it has in a very long time.

How about fuel? Yep, that's more expensive today too.

Groceries? The only way a person's monthly grocery bill stays the same is if that person has reduced their grocery needs by a substantial amount.

Let's not even begin the talk about housing, vehicles, or vacations.

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vehicles, or vacations

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I'm still having a hard time figuring out how people are affording either of these nowadays. Especially if they have a couple kids. Groceries alone have gone completely insane. In my area gas has shot up fifty cents just this week.

People confuse the "stock market" with the economy.

The markets are artificially inflated by the market makers.

The amount of goods & services a $100 bill can purchase now, compared to 2018 is real and effects every American, regardless of class. And that is what is hurting your average Joe the most (not Joe Briben).

This poor guy. I hope he's not doxxed by the loonies and harassed for speaking the truth.

It cracks me up how they say wages are up….

I got a 2% merit raise last year….

What’s the inflation percentage today?

College kids, government employees and welfare recipients are the only ones who believe the economy is doing well.

Yep. Our everyday experience tells us that the administration's bs is not true.

The payroll and wage growth numbers can be explained because people are having to go out and get second jobs.

Someone taking a second job is not shown in those numbers.

Just came out earlier that Biden is going to propose a $5k credit for 1st time home buyers.
Housing is one of the highest levels in the inflation numbers. This will just add fuel to the raging fire we already have.

Shows you the depth of knowledge this administration has when it comes to economics.

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College kids, government employees and welfare recipients are the only ones who believe the economy is doing well.

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Well, you just described the entire Democratic base.