US Economy Continues to Beat Expectations

Fox's take before the numbers were released?

"CPI inflation report will disappoint, US is in recession: Jeff Sica"

Poor Sica. All that not-so-expensive egg on his face.

Consumer price report out tomorrow.
This is the producer price index.

Not sure what voodoo economics has to do with this, but yes - the lie of "trickle down" does "suck."

The lie that trickle-down works.
Why the economy is doing well has nothing to do with "trickle down" --------.
Why is it this needs to be explained?

Where was this firmly established "trickle down" when all hell broke loose?
Did it save us?
Where did all that trickle down money go?

BTW - "Trickle down" wasn't what drove wages for the lowest end quartile higher than the rate of inflation these past couple of years. "Trickle down" didn't help the middle class for decades. "Trickle down" money was invested in non-job producing assets, causing the market to become detached from capitalization. I'd venture to say a great many of our problems today are directly tied to massive tax cuts for the wealthy. We were able to recover some of that through the Inflation Reduction Act of 2022.

Fifty years of "trickle down" failed. Time to bury that ridiculousness. Bush senior even understood that.

"Since the pandemic began, the combined wealth of America's 651 billionaires has jumped by more than $1 trillion, reaching $4 trillion in early December, Americans for Tax Fairness said earlier this month.

Meanwhile, almost 8 million Americans have fallen into poverty since the start of the pandemic through November, according to new data released by the University of Chicago and the University of Notre Dame."

"Trickle down" works for one group and one group only. The wealthy.

That's fine. It's good to be challenged on assumptions and to back up what we believe. Or even say we were wrong.
Eight million went into poverty according to the reporting, but then we rebounded years later and with work.
Look at the date on the article, December 17, 2020.

Trickle down didn't prevent that, and trickle down didn't save us. Trickle down didn't get us out of it.
It took other actions which Biden was beat bloody about by Republicans saying it was going to cause massive inflation along with the huge deficits.
It took getting our supply chain operational and fluid.
It took getting greedflation called out and actions taken.
And thanks to the masses, one thing that helped was people shopping smartly and punishing companies by buying wisely or deferring - forcing more pressure on certain corporations.
There was a lot going on to make this soft landing work. Including the mundane and unreported mitigation (culling) of birds (chickens) to stop avian flu.

For your perusal, Eberly: apnews.com