swtyndall.notwhatwethinkMyth: “Inflation has crushed living standards and that was the Biden administration’s fault”
These are the economic facts that Fox News and the like aren't telling your parents, relatives or right-leaning wannabe brownshirts/citizens. Armed with these, you are prepared to disabuse and educate those whose beliefs are delusional and set the stage for authoritarianism and fascism! Will they thank you? Probably not, their fantasy version of reality both scares them and makes them feel comfortable, strangely enough!
If you must argue about the economy over Thanksgiving dinner, at least get the facts right | Economic Policy Institute https://www.epi.org/blog/if-you-must-argue-about-the-economy-over-thanksgiving-dinner-at-least-get-the-facts-right/
"Myth: “Inflation has crushed living standards and that was the Biden administration’s fault”
Inflation was too high for most of the past two years. But, average wages for most Americans are higher today than pre-pandemic even after accounting for inflation. So, jobs are both more plentiful and pay more than they did pre-pandemic.
As for blame, the case for the Biden administration causing inflation is extraordinarily weak. Inflation was global, with every single advanced economy in the world seeing a pronounced increase in inflation, even as these countries took widely divergent responses to the pandemic recession. As of today, the U.S. has substantially lower inflation and lower unemployment than nearly all of our advanced country peers."
If you must argue about the economy over Thanksgiving dinner, at least get the facts right
How the economy is doing has always been a contentious topic, particularly when friends and family with different politics gather for Thanksgiving dinner. And the question has gotten even thornier this year, with consumer sentiment and polling data about the economy becoming historically de-linked from official measures of economic health like GDP. It’s not our…