Unemployment is shrinking. The stock market is booming. Americans are returning to the skies and even to movie theaters. And yet Republicans are deeply worried about the state of the economy.
Even though the US economy is expected to grow this year at thefastest pace in decades, consumer sentiment among self-identified Republicans is worse today than during the height of the pandemic, according to the University of Michigan.
In fact, Republicans are more pessimistic than at any point since September 2010, when the economy was just beginning to dig out of the Great Recession.
Meanwhile, consumer sentiment among self-identified Democrats is higher than at any point during the presidency of Donald Trump — even though unemployment was far lower then than it is today.
This polarization of consumer sentiment across party lines is not entirely new, but it got
significantly worse during the Trump era and continues to this day.
“It didn’t really matter who was elected, until Trump,” said Richard Curtin, who leads the University of Michigan’s closely-watched consumer sentiment surveys.
“The overall level of consumer confidence nationally didn’t really change when Biden took office,” Curtin said. “Democrats and Republicans just switched places.”
Despite the pessimism among Republicans, there is plenty of evidence that the US economy is flourishing as the pandemic winds down and health restrictions fade away.
And gas is up dramatically, lumber is worth gold, car lots & farm equipment lots are empty and not expected to rebound soon, but “all is well with the Dumbocrats”.
ONLY Booming because of TRUMP !!!! NO credit to the Demon-crats !!!! EVER
Thats a Lie , Look Around !