Biden’s “booming economy” is just another front in the media’s war on reality

Did you know the economy was booming? This may come as a shock to anyone out there who a) is alive or
b) has to buy things, but it’s definitely true.

MSNBC and the New York Times said so.

Mehdi Hasan did a segment on his show:

NBC report “President Biden’s approval rating has fallen to lowest level of his presidency despite booming economy”, and Hasan just doesn’t understand why people would be “unhappy with the way Biden is handling the economy” when wages are growing and they’ve added a “record 6.4 million job” in 2021.

Now, OK, that reported 4.5% wage growth is lagging way behind inflation, meaning in real terms people are being paid less.

Yes, alright, the “new jobs” were really just (some) of the people who lost their jobs during lockdown being rehired.

And fine, the reason spending is increasing could be that everything costs more.

But seriously, we’re fine, it’s booming.

Now, some booming economy deniers, Russian bots or anti-vaxxers will doubtless point to all the “evidence” that the US economy is not booming.

They’ll probably point out that inflation is at a 40 year high, and likely to keep on rising.

That the current price of gas is the highest ever in US history.

That the US is expected to enter a recession by the end of the year.

That house prices are increasing so fast that experts are predicting a “housing bubble”.

That “homeless camps” and “tent cities” with populations in the thousands are popping up in dozens of cities.

That the “crippling sanctions” placed on Russia seem to have “accidentally backfired” and hurt the US economy badly.

And, most of all, that moves are afoot which could see major oil trades being done in Yuan, not dollars. A change that could potentially cause the death of the petrodollar, the end of the USD as the global reserve currency, and send the US economy into a death spiral somewhere between Black Monday and Weimar Germany.

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