Peter Baker, Chief White House Correspondent for the New York Times and MSNBC analyst — need I say more? — posted an article from ‘The Guardian,’ a left-of-center and broadly socially liberal political newspaper, on X today.
The headline: “Majority of Americans wrongly believe the US is in recession – and most blame Biden.”
Mr. Baker posts this to insinuate how clueless Americans are and that they do not realize how good they have it.
Again, because these Biden advocates like Mr. Baker live in a ideological bubble, let me again explain the reality of today’s economy:
Economy. No, we are not in a recession. Many are employed — even if 11.1% are underemployed. We are not going to mention that 5.2% of all employed are multiple jobholders. So, yes, we have the strongest economy in the world. I would rather be here than anywhere else. However, that doesn’t mean people are not suffering. Their household budgets are challenging.
Household Budgets. I am not going to get into high mortgage rates, real household inflation when compared to 2020, Biden regulations, etc. The problem is simple: Most people get $XX in their personal or household bank account a month. They then turn around and pay bills, mortgage, insurance, rent, save, etc. What they are seeing and experiencing in real time is that they have less extra money after bills are paid than three years ago.
Stock Market. Strong S&P is good — though folks like Mr. Baker and Pres. Biden blamed them ad nauseam for inflation — but ‘the wealthiest 10% of Americans own 93% of the stock even with market participation at a record high.’ So, the stock market strength means little to 90% of the American public.
Employment. Yes, the unemployment rate is low. That does not solve their monthly household budget math problem. Regarding the post-COVID job recovery — which Biden dishonestly keeps trying to take credit for — 25% of new jobs are in government. That means struggling taxpayers pay their salary. To make matters worse, two-thirds of new jobs under Biden are in three industries: government, healthcare, and tourism/entertainment. Does anyone see a problem with these industries providing a majority of jobs?
This is not hard to understand if you want to view the world with open, curious eyes. It is difficult if you are a blind propagandist.
Note: the opinions expressed herein are those of Chuck Warren only and not his co-host Sam Stone or Breaking Battlegrounds’ staff.
