Commentary
I’ve been struck by the opinion divide on the state of the economy between people with real jobs in America and the elite opinions in Washington.
Gallup and other primary and reputable pollsters find that the public is very worried. About 2 in 10 respondents rate the U.S. economy as good or great. That compares with nearly 6 in 10 people who thought the economy was good or great throughout Donald Trump’s presidency. In other words, three times the number of people liked the way things were going under Trump policies than feel the same way about Bidenomics.
The Washington Post, The Atlantic, and other rags inside the Beltway—the one place on the planet that gets richer when the rest of the country gets poorer—have been wondering why the public is so down in the dumps. The standard view inside the Beltway is that the public just doesn’t appreciate how well the country is doing. They say the job market is robust, and that is true. The public has made a lot of money in the stock market. Also true, until recently. And we are doing better than France and Italy and Germany….