Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Have been following this a little and two things seem to be true:

Looking at the economic numbers, a lot of things look good, or at least, they are not so bad.

Multiple polls asking people how the economy is doing show they think it is doing worse.

Generally Biden supporters push the first point, and Biden detractors push the second. Some of the Biden detractors are Biden voters who want different economic initiatives.

One point is during Covid people got stimulus checks and evictions and student loan payments were frozen. Also interest rates were near zero, FAANGs were hiring like crazy etc.

Now people were hit by inflation and interest rates have shot up. FAANGs haven been laying off, and to some extent Fortune 500 - or at least hiring is frozen. And so on.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: