Really excellent work, Peter. And you’re right, there are a couple of data points that one would think the Biden administration would be spinning and bragging about today, so close to the Election. (Although, as you so admirably show, the spin would not stand up to scrutiny.) One thought that comes to mind is that most Americans right now are doing their taxes. For many families, tax-preparation time is the only time each year when they closely look at their expenses, investments, yearly spreadsheets, etc. I would bet that this assessment right now would get many people fuming that they are NOT better off than they were a year ago, and they will be looking for something to blame - hey, Bidenomics! So maybe Biden’s handlers are strategically waiting until a few weeks after April 15 to bring attention to economics. What do you think, Peter - could this be a factor in how they are dealing with this data, or too small to be of importance?
Really excellent work, Peter. And you’re right, there are a couple of data points that one would think the Biden administration would be spinning and bragging about today, so close to the Election. (Although, as you so admirably show, the spin would not stand up to scrutiny.) One thought that comes to mind is that most Americans right now are doing their taxes. For many families, tax-preparation time is the only time each year when they closely look at their expenses, investments, yearly spreadsheets, etc. I would bet that this assessment right now would get many people fuming that they are NOT better off than they were a year ago, and they will be looking for something to blame - hey, Bidenomics! So maybe Biden’s handlers are strategically waiting until a few weeks after April 15 to bring attention to economics. What do you think, Peter - could this be a factor in how they are dealing with this data, or too small to be of importance?