And while inflation has come down (prices have stopped climbing), a lot of prices have not (they are still where they climbed up to) nor will they. So people are still facing sticker shock at the grocery store and gas station (keep in mind that until the COVID supply chain inflation hit, we’d spent over a decade with the Fed unable to get inflation up to 2%). Until wages come up enough to counter that sticker shock (they’ve come up some, but not this much), insisting that the economy is in good shape is going to come across as ‘pissing on my leg and telling me it’s raining’ even to people who don’t seek out reactionary disinformation.
The domestic producers are plenty active too.
And while inflation has come down (prices have stopped climbing), a lot of prices have not (they are still where they climbed up to) nor will they. So people are still facing sticker shock at the grocery store and gas station (keep in mind that until the COVID supply chain inflation hit, we’d spent over a decade with the Fed unable to get inflation up to 2%). Until wages come up enough to counter that sticker shock (they’ve come up some, but not this much), insisting that the economy is in good shape is going to come across as ‘pissing on my leg and telling me it’s raining’ even to people who don’t seek out reactionary disinformation.
100% agree.