Taibbi: According To Pundits, "Ignorance" Makes Americans Give "Wrong" Answers To Economic Confidence Poll [ZH]

submitted by StillLessons from zerohedge.com

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[–]StillLessons[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The classic attitude of world controllers.

"Because our policies work, your observation of failure is ignorant."

If old statistics tell the wrong story, they reformulate the statistic such that it tells the story they need. They are constitutionally (as in their spiritual constitution) incapable of believing or accepting their human fallibility. Rather than allow reality to influence their decisions, they simply create a different filter to portray a vision of reality which makes it appear they were right all along.

This is the 9-5 grind where evil butters its bread.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Good observation.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Good observation.

Consumer confidence and expectations for the future just dropped significantly in the report this past week. Credit cards are maxed out trying to cope with inflation…credit card debt at an all time record high. Sixty day car loan delinquency is approaching that of 2008-2009. The combination of high house and mortgage prices have priced the median wage earner out of the real estate market. And there is other misery.

But listen to me…the economy is doing well! Yeah, sure.

[–]William_World 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

really democrats are thinking they did try to help poor people with the Coronavirus Aid, Relief, and Economic Security ACT (signed by trump but unanimous in house and senate, all repubs and dems supported it)

Biden then also did the American Rescue Plan Act of 2021, more free money for the poor.

It gave free money to the poor and all that did was cause inflation. it turns out you can't help the poor like that, there will always have to be an underclass, they're poor because they're dumb and lazy. So what can they say now? They'll do anything to fix inflation? They know they can't try to help the poor with free money again. Unless you want more inflation.

[–]UncleWillard56 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Loan rates are nearly double what they were less than 10 years ago. If that's not a sure sign there's trouble, I don't know what is. Car and Home sales are a huge indicator of how well an economy is doing, and they're both in the shitter. And lest we forget, when Trump was in office and the unemployment rate plummeted, Democrats blamed it on people leaving the workforce altogether while ignoring the other obvious signs we were doing well.