It is election time and most voters will most likely vote with the wallets or what they perceive is a better economy.
Will it be the Biden economy? Or will Trump take the prize?
The facts are clear: Biden has overseen a stronger economy than Trump did. That reality should dominate his reelection campaign.
I’m going to tell you something that I’m pretty sure you don’t know—and that you probably won’t even believe. Ready? Real wages are now growing in the United States at a pace faster than the spike in the cost of living since the pandemic. More than that: For the first time in decades, wage growth is consistently stronger in the middle and at the bottom than at the top.
See, I told you that you wouldn’t believe it. But it’s right there in a recent study by David Autor, Arindrajit Dube, and Annie McGrew, three well-known economists. Dube just wrote up the results at Project Syndicate, emphasizing: “Importantly, the real wages of the middle quintile are not only higher today than they were before the pandemic, but slightly higher than we would expect based on 2015-19 trends. In other words, the typical American worker’s purchasing power has grown at least as much as it likely would have in the absence of the global challenges posed by the pandemic and geopolitical conflicts.”
https://newrepublic.com/article/180093/biden-trump-economy-election-not-even-close
So if you are voting with your wallet then the Biden economy should be your choice….
The real truth is the economy does much better under a Dem president…..
A study published by the Economic Policy Institute on Tuesday finds that the U.S. economy does better when a Democrat is in the White House than when a Republican is in charge.
The study looked at GDP growth, job growth, inflation-adjusted wage growth, the unemployment rate, and more. It found that Democrats have had an economic advantage since at least 1949.
“This Democratic advantage is across the board in all variables we measure but strongest in private-sector outcomes—notably, business investment, job growth, and the growth of market-based incomes,” it says.
The study shows there is a “pronounced Democratic advantage in nearly every measure of macroeconomic performance.” Despite this, the study notes that Republicans are typically seen as better at managing the economy in opinion polls.
“It is difficult to tell what respondents to opinion polls have in mind when they are asked about ‘the economy.’ For example, respondents often rate the Republican party higher as economic managers yet rate the Democratic party more highly on issues related to healthcare,” the study says. “But healthcare is, by far, the single largest sector of the U.S. economy, affecting economic outcomes of households, businesses, and governments in significant ways.”
https://www.commondreams.org/news/us-economy-better-democrats
If your criteria for voting is your wallet then the obvious choice is the Democrats….but we know how successful misinformation is at getting voters to cast their vote against their best interests….so this post will probably mean nothing to the unwashed stupid.
The best thing to do is “pay attention”!
I Read, I Write, You Know
“lego ergo scribo”