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Drudge Retort: The Other Side of the News
Sunday, May 22, 2022

America's mood is uneasy and worried. Amid continued inflation and stock market declines, large majorities describe their mood as such, and the percentage who call the economy bad has hit highs for the Biden presidency.

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...The number who say things in the country are going badly overall is at the highest level of President Biden's tenure, too, as pessimism about the market, the economy and prices drives views looking forward -- and outweighs optimism about both jobs and coronavirus, as we head into summer.

Looking ahead, there is large " and growing " pessimism about the national economy, the stock market and inflation. In fact, outlook on the costs of things gets the most pessimism of the items tested, followed by pessimism about the national economy.

Most are also pessimistic about their plans for retirement, and on the heels of a stock market downturn, two-thirds of those who have money invested in the market are pessimistic about it.

But there is optimism about both jobs -- a message the White House has stressed -- and the effort against COVID-19. It's just that those are both being somewhat outweighed right now in setting the public mood....




#1 | Posted by LampLighter at 2022-05-22 01:01 PM | Reply


President Biden Job Approval
www.realclearpolitics.com

...
RCP Average, 5/5-5/19

Approve:     41.0
Disapprove:    54.3
Spread:     -13.3
...



#2 | Posted by LampLighter at 2022-05-22 01:03 PM | Reply

The voters in general are terminally shortsighted... most of the economic impact we feel today is from the policies of not the last year, but the last 4 plus years. And of course the party with the responsibility for most of that policy, and for fighting tooth and nail every effort to change it, is the party that benefits from the frustration of voters.

It's the same old Starve the Beast strategery; make the economy so bad with tax cuts for the very wealthy that by the time you lose the Dems have to clean up the mess and get blamed for how long that took.

It werks quite well actually, has for decades now.

The only thing that might break the cycle is having an ethics-free traitor leading the previous party. Naw.

#3 | Posted by Corky at 2022-05-22 05:24 PM | Reply | Funny: 1 | Newsworthy 1

most of the economic impact we feel today is from the policies of not the last year, but the last 4 plus years.

In this case it was as Snoofy says, the Fed Reserve doubled the M2 Money Supply, to support both parties passing of ginormous spending bills to help with the lockdowns. Of course it was rife with fraud, and corporate grift, nothing for the bottom half but the coming inflation, it was predictable.

And of course the party with the responsibility for most of that policy, and for fighting tooth and nail every effort to change it, is the party that benefits from the frustration of voters.
It's the same old Starve the Beast strategery; make the economy so bad with tax cuts for the very wealthy that by the time you lose the Dems have to clean up the mess and get blamed for how long that took.

This is just Tribalism, both parties are to blame.

The issue is gov spending above revenue. The idea that Biden wants to spend his way to prosperity is a little silly, never mind Gavin wanting to pass out free goodies while CA has a debt to payoff.
usdebtclock.org

The voters in general are terminally shortsighted...

To disagree with that above and blame one party for $Trillions$ in debt is terminal.

#4 | Posted by oneironaut at 2022-05-22 05:42 PM | Reply

The issue is gov spending above revenue.

Which has been going on for about 250 years.

#5 | Posted by REDIAL at 2022-05-22 05:46 PM | Reply

We all know what's coming; "Only I can fix it."

#6 | Posted by Yodagirl at 2022-05-22 06:18 PM | Reply

"Since 1975, practically all the gains in household income have gone to the top 20% of households."

I'd be worried too.

#7 | Posted by snoofy at 2022-05-22 06:42 PM | Reply

"The issue is gov spending above revenue"

^
This is what happens when you train a bot on right-wing talking points.

#8 | Posted by snoofy at 2022-05-22 06:44 PM | Reply

This may not be Democrats fault.

But by God, they will let the voters think it is AND make sure to do nothing about it.

#9 | Posted by Sycophant at 2022-05-22 07:22 PM | Reply

"It's the same old Starve the Beast strategery; make the economy so bad with tax cuts for the very wealthy that by the time you lose the Dems have to clean up the mess and get blamed for how long that took."

Bull. It's on Joementia and the Dims.

taxfoundation.org

#10 | Posted by willowby at 2022-05-22 07:32 PM | Reply

"But, Mommy, the other party did it, too!"... is whataboutism, an obfuscation so as to not address the point, which you can't because if you had an actual argument to what I said, you would have made it.

If you could... hmmm, wait. Maybe that's the problem.

(what I get for not logging in... eyeballed worthy stupidity.)

#11 | Posted by Corky at 2022-05-22 07:37 PM | Reply

"The Tax Foundation was organized on December 5, 1937, in New York City by Alfred P. Sloan Jr., Chairman of the General Motors Corporation; Donaldson Brown, GM Financial Vice President; William S. Farish, President of Standard Oil Company of New Jersey (Exxon); and Lewis H. Brown, President of Johns-Manville Corporation, who later became the first chairman of the board of The Tax Foundation.[1]

The stated goal of the organization was "to monitor the tax and spending policies of government agencies".[2] Its offices were located at 50 Rockefeller Plaza and later 30 Rockefeller Plaza."

You must be joking, Willynilly!

#12 | Posted by Corky at 2022-05-22 07:42 PM | Reply

Spare me, master.

Read the link. Tax revenues are at a record.

#13 | Posted by willowby at 2022-05-22 07:49 PM | Reply

www.dailymail.co.uk

#14 | Posted by willowby at 2022-05-22 07:52 PM | Reply

---- Russia, ---- Putin. And ---- you, pillow-boy.

#15 | Posted by LegallyYourDead at 2022-05-22 08:10 PM | Reply | Funny: 1

If only we had Donnie back. He was a beautiful man and everything was golden.

Especially the showers.

#16 | Posted by cbob at 2022-05-22 08:24 PM | Reply | Funny: 2

You need to up your game to competent sources, B-Willowed.

That one isn't even accepted by Wikipedia... and they accept a lot of sources!

www.cnbc.com

#17 | Posted by Corky at 2022-05-22 08:27 PM | Reply

www.wsj.com

#18 | Posted by willowby at 2022-05-22 08:45 PM | Reply

Dear BeWildered,

I appreciate you complimenting Biden's Economic Recovery making lemonade out Donald's lemons, but there's a fire wall and I don't subscribe to Corporate America's fav rag.

And the surplus gained by not counting the Stimulus payments and making corporations pay at least something for the airtime the public owns helped that.

It really has nothing to do with what I said about Father of Neoconservatism's Irving Kristol's long held GOP Strategery anyway.

#19 | Posted by Corky at 2022-05-22 09:28 PM | Reply

The WSJ was bought out by Faux "News". Not really much of a bias there, do you think? (of course you don't)

#20 | Posted by LegallyYourDead at 2022-05-23 05:08 PM | Reply

#20

www.politico.com

What's THEIR problem? Your desperation to defend the inept Joementia administration is pathetic.

#21 | Posted by willowby at 2022-05-23 05:40 PM | Reply

What's THEIR problem? Your desperation to defend the inept Joementia administration is pathetic.

#21 | Posted by willowby

I love watching trump cult members call any other administration inept.

#22 | Posted by SpeakSoftly at 2022-05-23 06:17 PM | Reply | Funny: 1 | Newsworthy 1

I suggest people plant gardens and get to know their neighbors.

Including ones you don't agree with on a number of topics.

#23 | Posted by Tor at 2022-05-23 06:24 PM | Reply | Newsworthy 1

Read the link. Tax revenues are at a record.
#13 | POSTED BY WILLOWBY

Record tax haul goes hand in hand with record profits, don't you think?

#24 | Posted by snoofy at 2022-05-23 07:52 PM | Reply

Yepper...

The GOP sure knows how to ---- when
they are out of power, but you want to know how
to shut them up?

Ask them what they would do, or what their plan is
to fix the economy? Almost assuredly you will get
deflection and more Biden bashing. The GOP is largely
all talk and little action. Well, except for cutting
the taxes of the richest (their base, as G. Dubya once
joked).

Besides, what is Biden to do with the GOP, Manchin,
and Sinema blocking everything he tries on the economy.
So he's focused on the only area he can get things done,
overseas. And he has done a brilliant job w Ukraine vs Russia.

People have to realize the POTUS is no King. They
cannot unilaterally do much. And the POTUS is
not responsible for the entirety of the economy.
In reality, the POTUS is little more
than a 'glorified cheerleader'. Sure, they ran for
Class President, and sure they had an idea or two
that won over the nerds or the motorheads, but when
it gets right down to it, a lot of other folks in a
lot of other positions (Congress, CEO's, the Banking
Industry) are far more responsible for moving this
country forwards or backwards than the POTUS is...

#25 | Posted by earthmuse at 2022-05-24 02:30 PM | Reply

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