Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
    • Telorand@reddthat.com
      365·
      2 years ago

      Ehh, I think the economy is doing okay. Inflation is being controlled/managed. In some cases it’s correcting itself.

      I have to agree. Some people are still certainly struggling, of course. Homelessness is still a problem in places. Many people still live paycheck to paycheck. But the economy isn’t going to fully right itself in four years, especially with a hostile House that controls the purse strings.

      Additionally, nothing has been done about greedflation (yet?). If Congress or Biden can figure out a way to force companies to stop tacitly colluding to squeeze more money from people, I would suspect more people would start to feel more optimistic about their finances (and the economy in general).

    • alucard@sopuli.xyz
      72·
      2 years ago

      The media is owned by billionaires and/or public traded companies. Reporting is skewed to keep the populace complacent.