whatever American consumers say about the state of the economy, they are spending as if their finances are in pretty good shape. Most recently, holiday sales appear to have been quite good.
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Americans aren’t acting as if they’re terrified about crime. As I’ve written before, major downtowns have seen weekend foot traffic — roughly speaking, the number of people visiting the city for fun rather than work — recover to prepandemic levels, which isn’t what you’d expect if Americans were fleeing violent urban hellscapes.
Repeatedly telling us we are doing well when homelessness has hit a record high, credit usage is through the roof, housing is unaffordable to a majority of the population, and income inequality is the largest ever seen is a sure fire way to sow further distrust in government.
We are not doing well.
WE’RE not doing well, THE ECONOMY is doing well. WE are just cogs in the great economy machine. Keep up the good work!
Looking from over the border, you guys are absolutely fucked. I’m trying to calm my terror over your election season. I have only dread.