The Economy Wasn't Supposed To Be This Good
The Economy Wasn't Supposed To Be This Good
The economy is doing better than almost anyone thought possible a few years ago, and has even blown past pre-pandemic expectations.
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According to Gallup’s most recent Economic Confidence Index, 45% of respondents rate America's current economic conditions as poor. 31% rate it as fair, 24% as excellent/good.
The absolutely massive disconnect between economists and the average person is staggering. There's only one word to describe the attitudes of these economic experts: hubris.
Look, it's great that the economic numbers are so good right now, but ours is not an economy of numbers, it's an economy of people. If the people do not think the economy is doing well, it's not doing well, the numbers be damned. GDP, the stock market, average wealth and income, they don't matter. What matters is how people feel, and large numbers of Americans don't feel great about the economy. That's simply the fact of the matter, and tough shit to any economists who doesn't like it.
Your post is a prime example of why people think the economy has problems. It's entirely psychological and propaganda driven. The whining has gotten so loud, that everyone thinks it's reality.
Just to make sure I understand, you're saying that the 45% of respondents who said they think the state of the economy is poor, did so not because of their lived experience, personal financial condition, employment prospects, etc, but because they've been hypnotized by propaganda into thinking they're doing poorly even though they are actually doing well? Is that what you're saying?
I'm saying the polling opinion of the economy doesn't mean shit outside of political campaigns. They're more tied to party affiliation than anything to do with reality. It's no better than the youtube polls telling me 90% of people are voting for Harris.
They're more tied to party affiliation than anything to do with reality.
Ah, I see, so you're saying you understand the reality of each of these Americans better than they understand their own reality? You have an intimate knowledge of each and everyone of these people's personal financial situation? Like some kind of omniscient god?
Oh you know everyone's suffering? Just you alone knows the plight of the common man?
I don't know what each of these people is going through, which is why I think this poll is so important. If you want to know how people feel, you ask them. These people are telling us how they feel about the economy. If you want to know why they feel the way they feel, you'll need to ask them more questions, not just construct a conspiracy theory to explain their answer and justify your indifference to it.
That's why economists are roughly on par with people who write horoscopes. Useless bordering on harmful if you actually listen to them