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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Dope1   😊 😞
Number: of 4460 
Subject: Re: File the F*cking motion"
Date: 09/19/23 1:53 PM
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I posit that the House is a mess because the nation is a mess because a LOT of people get misleading, or false, information. It's not that they are bad people, they are just misinformed. Garbage in, garbage out.

I agree. There is a large swath of people who somehow have been told - and believe - that the economy in the US is just fine and dandy. However, what the real data shows is actually very sobering:

abcnews.go.com - US poverty rate jumped child poverty doubled

US poverty rate jumped in 2022, child poverty more than doubled: Census

ABC news tries to blame Republicans for this in the sub-header but make no mistake, this is all Biden.

The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.

In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families, according to the census.

The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.


Which of course means that the economy has NOT really recovered in a real sense for many people because if it actually did they wouldn't need the transfer payments and various tax credits to continue.

So why do some many people try to claim the economy is just awesome? We have a real problem in this country, and it starts wit the information that's being fed to the people.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
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