this post was submitted on 11 Dec 2023
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President Joe Biden goes into next year's election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.

Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress.

“Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this," said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.

“Honestly, I’m kind of mystified by it,” she said.

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[–] girlfreddy@lemmy.world 37 points 2 years ago (4 children)

“Things are getting better and people think things are going to get worse ...

Because they are worse ... because many people don't have a well-paying job as a pollster ... and it's expected that the price of groceries will still rise in 2024 ... and rent will still go up ... and fires/droughts/storms/heatwaves will get worse ... and electricity/water bills will still go up ...

It always surprises me when otherwise intelligent people seem to set aside their critical thinking skills.

[–] FlyingSquid@lemmy.world 24 points 2 years ago (1 children)

The problem is that lots of people think Trump will fix all of that rather than make it far worse.

[–] VentraSqwal@links.dartboard.social 3 points 2 years ago* (last edited 2 years ago)

He bullied the Feds into lowering the interest rates low for so long and extended the pandemic, so I content a lot of this is his fault to begin with.

[–] Sabata11792@kbin.social 6 points 2 years ago

Have you considered how much the green bar went up by paying you less? Please consider the poor corprate shareholders who will need to skimp on their mega yacht this year.

[–] rayyy@lemmy.world 3 points 2 years ago (1 children)

Not going to disagree, however, do you think adding 7 trillion dollars to the economy, avoiding any climate change action or corporate price gouging has had any effect on workers frustrations? It takes time to resolve these problems. We have been digging this hole ever since Reagan. Do we want to elect the alternative to dig faster?

[–] Semi-Hemi-Demigod@kbin.social 1 points 2 years ago

If the message was "things are slowly getting better, but there's a ways to go, and we'll keep pushing if you elect us" it would be one thing.

But when the message is "What's wrong with you ungrateful plebs?!" it tends to piss people off.

[–] iopq@lemmy.world 2 points 2 years ago (1 children)

Of course the prices will increase. The only thing that matters is whether the wages increase faster. We've had inflation for over a hundred years now. Nobody should be shocked at prices going up

[–] greenskye@lemm.ee 2 points 2 years ago (1 children)

Wages have basically always trailed behind inflation