Dan GillmorApr 30, 2023

The US economy is performing amazingly well, but as Bloomberg's Matthew Winkler notes, the public overall doesn't realize that. Why?

He alludes to the key reason for the public's lack of understanding, but doesn't make clear what it is, so allow me to be clear that "media narrative" doesn't explain who's primarily at fault.

The culprit is Big Journalism, again utterly failing to do its job.

https://www.bloomberg.com/opinion/articles/2023-04-25/biden-s-economy-deserves-more-appreciation-from-americans

The Truth About the Biden Economy

As the president launches his reelection campaign, his biggest challenge may be getting voters to ignore perception and focus on reality.

Bloomberg
Show threadRyan Smith
@dangillmor it's not that the public lacks understanding, it's that the public knows the main indicators used by high-level policymakers have little bearing on their lived experiences. Corporations posting record profits while everyone suffers under record prices isn't exactly a recipe for economic success, especially when bank failures are picking up steam and tech is eating bricks.
May 1, 2023 at 5:56pmWeb