"Americans are woefully ill-informed. That’s the only conclusion one can reach from a bunch of new polls that are chronicled in the links section below.
According to a new Harris poll for the Guardian, 55% of respondents think the economy is shrinking, 56% think the U.S. is in a recession, 49% believe the S&P 500 stock market index is down for the year, and 49% believe that unemployment is at a 50 year high."
"A whopping 72% also say they think inflation is increasing.
There is only one problem. NONE of those things is true. The market went up roughly 24% in 2023 and is up another 12% this year. The unemployment rate is under 4%, a near 50 year low. GDP is growing and there hasn’t been a recession since early in the pandemic year of 2020. And the inflation rate is dropping — down to 3.4% in April."
"This data indicates that it’s very possible Biden could lose in November because people’s perceptions about the economy are flat out incorrect and many voters have little grasp of what is happening in our politics.
The media is almost certainly at fault for the misperceptions about the economy."
“Super Size Me” was a study in America’s #FastFood culture & its role in the country’s #economy & #health problems, including #obesity. He put on 25 pounds, had bouts of depression & was diagnosed w/liver ailments during a 30-day stretch of McDonald’s-only fare.
Been reading r/worldnews for a decade now and lately it has been really revealing what a propaganda machine it has become. Just got perma banned for pointing out that "legal war targets aren't necessarily ethically correct"
With Artifact gone, reddit basically gone - what other sources do you use for #geopolitics?
@hobs Thank you! Please eliminate the NFL hashtag. I make a point of telling people to not hashtag NFL, and NFL is only used during live-posting. MANY thanks again. @wraptile@rbreich@JosephMenn@MikeDunnAuthor@gtconway3@ClimateNewsNow@DemocracyMattersALot
@br00t4c
"When comparing the environmental impacts of physical and digital currencies, it’s apparent that both systems entail significant environmental costs."
There are other considerations. When I spend my money with a dollar bill No bank No computer knows what I'm spending it on.
When I spend a dollar digitally There is an electronic record of that and what I spend it on.
What I spend my money on is no 1's business but my own! #Money#Cash#CreditCard
As with all of her postings, everything Heather Cox Richardson says today deserves attention. She opens by noting that the Dow Jones closed above 40,000 for the first time in history. But "in comparison to the breathless coverage of the stock market during Trump’s administration, this milestone is getting very little coverage."
Greg Jericho spells it out with graphics… the Australian standard of living has been falling since 2020 and will take years to recover (if at all). All of the noise made about wages fueling inflation is a lot of bull, there is no truth to it and no data to back it up. Don’t believe what most conservative economists tell you. Don’t believe a foolish press medium either. Wages need to move faster than inflation for us to be as well off as we were fourteen years ago (14 yrs… yes, that’s right). Neo-liberal economic policies are all about feeding the greedy at the top of the food chain, period.
https://www.europesays.com/1214655/ “If you don’t like paying taxes, make billionaires pay their fair share and you would never have to pay taxes again.” —Warren Buffett #Economy