Because of the terrible inflation and equally terrible interest rates brought about by the woefully foolish Biden-Harris economic policies, 59 percent of Americans believe the country is in a recession.
And with a Democrat in the White House, CNBC Working hard 59 percent of people say it’s wrong.
“The U.S. economy has remained surprisingly strong despite continued inflation and high interest rates,” CNBC writes, “yet 59% of Americans mistakenly believe the U.S. is currently in a recession. According to According to a recent survey of 2,000 adults,[.]”
“Citing rising costs and difficulties making ends meet, most respondents believe the recession began about 15 months ago,” the report continues, “and could last until July 2025.”[.]”
It’s fine to claim that we’re not in a recession, but it’s fine to claim that the economy is still sluggish. Very strong It’s a bit ridiculous that GDP only grew 1.3% in the first quarter, and we’re hearing that it grew 2.8% in the second quarter of 2024, but that could be revised down to a lower figure in September.
The problem for this 59% is that they are experiencing a personal recession – what good is a 2.8% GDP if they can’t sell gas? cost Nearly $3.50 a gallon plus cumulative inflation Exploded Will grocery costs rise by 25 percent or more?
Additionally, housing costs are at an all-time high.
Housing, energy and food are the big three. If you’re a working person, that’s a daily pain. And the pain is real. Grocery shopping is demotivating. Filling up with gas is depressing. How is GDP or the stock market going to ease that pain? Trust me, they won’t.
And it’s really amazing how the media can ignore the feelings of nearly 60% of people with this happy story about the economy. Don’t you get it? This is a “vibe session.” everyone:
We’re in a “recession,” Joyce Chang, global research chair at JPMorgan, said at the CNBC Financial Advisor Summit in May.
Over the past few years, “wealth creation has been concentrated among homeowners and high-income earners, but about a third of the population has been left behind,” Chan said. “That’s why you see this disconnect.”
A third? Fifty-nine percent, according to an exclusive CNBC poll.
Wages cannot keep up with this inflation.
People are taking on record amounts of credit card debt.
I’m 58 years old and this is the worst financial situation I’ve ever been in.
And let’s not forget the impact on the economy after Joe Biden and Kamala Harris open up the southern border: Millions of illegal immigrants are competing with legal citizens and immigrants for housing and jobs. Of course, housing prices go up. Of course, wages go down. And so do the costs of everything: energy, food, etc., because the more people that want something, the higher the price goes.
About 22 million people should not be here competing with us. It’s illegal and it’s immoral.
Related exclusive: Large group of migrants from many countries crosses border into Arizona
Randy Clark / Breitbart
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