this post was submitted on 10 May 2025
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Well I think the problem is people perceived others as getting poorer or worse off but the economy was humming just fine and unemployment reached record low numbers iirc.
Like, in general terms, people did not get poorer for four years under Biden - but if that's what people think, regardless of the actual truth, that's what they'll act on.
Even worse, the perceived suffering was largely because inflations... caused by Trump's Tariffs and indiscriminate covid spending (essentially supply side, handing out money to businesses big enough to handle the paperwork vs demand side)