[tenpies]

> You conviniently left out all the good parts of the economy: unemployment is at all-time lows, inflation is down (but still not at 2%), consumer spending is at an all-time high.

Ah yes, the fruits of Bidenomics!

Real wages are stagnant so everyone has to pick up additional work to deal with inflation. In a backdrop of inflation, these are essentialy a drop in wages: https://www.bls.gov/news.release/pdf/realer.pdf

Inflation is down: sure, from a face-ripping to a merely painful number. More importantly, it took several revisions to the CPI calculation and the lowest SPR levels in decades to make it happen. Also conveniently ignored, food CPI is still at a crushing 6.7% annual rate. If you remove food and energy, CPI inflation is at 5.3%. See: https://www.bls.gov/cpi/

Consumer spending is all-time high: indeed. Sky-high! It becomes quite nefarious when you think about the above: inflation of very important things is still high, but wages are not keeping up. How is the American consumer trying to stay afloat? Household debt. That is credit cards and other forms of personal debt has hit an all time high: https://www.newyorkfed.org/microeconomics/hhdc

I understand that Biden is trying to paint this as a success, but it's just cherry-picking statistics that hide the disaster the Democrats have created. It's like the Weimar Republic celebrating that the stock market is at all time high and unemployment is 0%.