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Comment by bdw5204

This would explain why 99% or so of the US population's lived experience is that we're currently in a recession yet the economic statistics make it look like the economy is booming.

Indicators that the economy is extremely bad right now include the current state of the job market and that Toys for Tots is seeing a massive decline in donations along with a simultaneous increase in need for toy donations[0]. That's not something that would be happening if we had 5% growth and 0% inflation like the president claims[1], at least if that looks remotely like it did back in the 1980s and 1990s during the Reagan and Clinton booms when the American economy was actually booming for everybody.

[0]: https://www.nbcphiladelphia.com/news/local/our-bins-are-empt...

[1]: https://twitter.com/POTUS/status/1730949376904688046

parent bdw5204 2 years ago

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