{"id":50948,"date":"2023-06-27T11:39:15","date_gmt":"2023-06-27T15:39:15","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=50948"},"modified":"2023-06-27T11:39:15","modified_gmt":"2023-06-27T15:39:15","slug":"its-the-economy-stupid","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=50948","title":{"rendered":"It’s The Economy, Stupid!"},"content":{"rendered":"

It’s the economy, stupid! Those were the words Bill Clinton used to win the 1992 election. The economy was slowly rebounding from the bi-partisan tax increases that President Bush had agreed to, but a lot of Americans did not realize that. On Monday, Issues & Insights<\/a> posted an article about our present economic state.<\/p>\n

The article reports:<\/p>\n

Once upon a time, Democratic presidents understood how important a healthy economy was. President Bill Clinton and his advisers won two elections living by the mantra, \u201cIt\u2019s the economy, stupid.\u201d Get that right, they thought, and everything else follows. But today, Americans think President Joe Biden doesn\u2019t get it, June\u2019s I&I\/TIPP Poll shows.<\/strong><\/p>\n

The online I&I\/TIPP Poll, taken from May 31-June 2 and including responses from 1,358 adults nationwide, asked the following: \u201cTo what extent do you agree or disagree with the following statement: The American economy remains strong, as it transitions to steady and stable growth.\u201d<\/strong><\/p>\n

That statement, by the way, was not made up. It\u2019s a direct quotation of what Biden told Americans<\/a> after the Commerce Department reported in April that real GDP growth in the first quarter was a disappointing 1.1%. It has since been revised up slightly to 1.3%. We did not, when surveying Americans, identify who made that statement.<\/strong><\/p>\n

Do Americans agree with Biden that the economy\u2019s strong, steady and stable? Overall, I&I\/TIPP found, 55% of Americans disagreed that the economy \u201cremains strong,\u201d while just 36% agreed. The poll has a margin of error of +\/-2.7 percentage points.<\/strong><\/p>\n

The article concludes:<\/p>\n

Meanwhile, the World Bank has slashed its growth estimate for the U.S. in half, saying the economy is \u201clikely to remain weak.\u201d That could impact America\u2019s standing around the world.<\/strong><\/p>\n

\u201cNearly all the economic forces that powered progress and prosperity over the last three decades are fading,\u201d the World Bank warned<\/a>. \u201cThe result could be a lost decade in the making \u2026 for the whole world.\u201d<\/strong><\/p>\n

One major indicator of economic misery: weekly wages, adjusted for inflation. The current \u201crecovery\u201d features 26 straight months of shrinking wages, after taking into account not just pay but also inflation and number of hours worked. When real wages decline for middle-class Americans, their standard of living also declines.<\/strong><\/p>\n

…It wasn\u2019t until the economy soured, with roaring inflation and soaring oil prices, that the Watergate scandal really began to gain traction. Americans simply lost patience with someone they saw as both economically incompetent and corrupt. Nixon resigned on Aug. 9, 1974, rather than face almost certain impeachment.<\/strong><\/p>\n

I&I\/TIPP publishes timely, unique, and informative data each month on topics of public interest. TIPP\u2019s reputation for polling excellence comes from being the\u00a0most accurate pollster\u00a0<\/a>for the past five presidential elections.<\/strong><\/p>\n

The people who write Issues & Insights are the former editorial board of Investor’s Business Daily. They are very well educated on economic issues.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s the economy, stupid! Those were the words Bill Clinton used to win the 1992 election. The economy was slowly rebounding from the bi-partisan tax increases that President Bush had agreed to, but a lot of Americans did not realize … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9804,16721,12212,5944],"class_list":["post-50948","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-economy","tag-economic-state-of-america","tag-issues-insights","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50948"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50948\/revisions"}],"predecessor-version":[{"id":50949,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/50948\/revisions\/50949"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}