There si a lot of comments on site as to the alleged geeat conomy unde the Biden Administration - but there is a problem with the enws media propaganda on that issue. So why is that the voters believe differently. Lets view the approval rating of the voters in the latest opinion poll on the issue the situation is as follows:-
Biden rating on the isue of he econmy:-
Unacceptable as to Economy - 72.8%
Acceptable and Good - 26,2%
Are you worse off financially compared to 2019 - 52%
Are you better off now than you were in 2019 - 22%
If the ecxonomy is that good - why is the situation as to the above. The issue relates vitually due to inflation.resulted since 2021 there were according to Feed America the following:-
* people are food-insecure - unless food is supplied they suffer from hunger - 44 milliom people
* additional and augmening aid is provided to 5 million people
That is the ituation in all Counties in the USA. Aside rom that the USA Govenment provided money for food aid to people during the Coovid pandemic - but that resulted in fraud and money laundering - the latest being 12 people in Minnesota for stealing and money-landering.
If that was indeed the figure in 2022 - chances are it is even worse in 2024 and in the first 3 months in 2024 than in 2022 so as the latest indications are that 1 in 6 US residents are now in the above category- that figure being in the 60 million people.
A major problem adding to the situation is the issue of inflation. The fact is that the Goverment rate of 2,5% in 2024 is ridiculous and present the same tendency worldwide. Where government faced the situation they lie about inflation effects and ring out f alse stats to fool the public. The real figures are vastly different from what is really situation is There si one full-proof system Govrnments refuse to use and that is to compile the monthly needs of families of 5 people in respect of all montly exenditire on grocveries to be purchased. Those baskets of consumer needs are then priced every year during speciic months every year.
According to Government the infaltion according to Government snce Jauary 2021 has been 30% - the food basket system indicated that the rate as high as 46%. I saw a shp advert of providing a BIG MAC plus chips and a coke setting the price at $19,50. The price for the sam compnents was less than $11 in 2021. That ties in with what the grocery basket system shows.
An economic system where 1 in 6 residents of any coiuntry is in that kind of situation can never be regarded as acceptable and in the wealthiest county in the world has that kind of problem is totally unacceptable.
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