The American economy is doing really, really, really well. The stock market keeps reaching new heights, with the S&P 500 hitting a new record five days in a row over a period that ended on Friday. We have the strongest GDP growth in the developed world; consumer spending keeps rising; gas prices keep falling; and inflation has dropped below 2%.
We noted the surprisingly-strong economic numbers back in December, which were boosted further by better-than-expected holiday spending figures. At the time, however, economists and political analysts were still confounded that Americans weren’t feeling what the numbers were clearly showing. Much of that, as it turns out, was because Republicans were trying very hard to convince Americans that the economy was in a bad place — knowing full well that a strong economy is terrible for Republican chances of winning the White House and retaining a House majority in 2024.
The economic vibes among Americans are finally starting to catch up with the data. Americans are now feeling bullish about their personal economic outlook in 2024; a recent survey from The Harris Poll showed that 63% of Americans rate their current financial situation as being “good” (including 19% who say “very good”).
Things are looking so strong, in fact, that Republicans are changing their tune. Even Dear Leader Donald Trump can’t ignore reality anymore:
Post by @bidenharrishqView on Threads
What a difference a month makes, eh? Here’s Rep. Ken Buck in early December 2023:

And here’s Trump via “Truth Social” this morning:

Yeah, THAT’S what’s happening.
We particularly like the line about how inflation “has already taken its toll.” When you have to shift your narrative from “things are terrible” to “things WERE terrible” to “things are better because of me,” you’re not winning the argument.
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