The media says the economy is good because:
- GDP is up
- Stocks are up
- Jobs are up
- Inflation is "only" 3.5%
All these numbers can be gamed. In particular, I wonder how much the GDP's rise is due to military spending that doesn't "trickle down" to the rest of the economy.
https://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-biden
Dear Guardian,
- GDP is up? looks pretty unflattering to me at 1.6% - https://tradingeconomics.com/united-states/gdp-growth
- the stock market is not the economy
- businesses can't get people to work, thus jobs
- 3.5% is still going up, and it's still too high (declining from 9% year-over-year to 3.5% is still going up)
Thanks, taxpayer.
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