President Biden criticized news coverage of the U.S. economy as he faces growing backlash from voters over his handling of inflation. In brief remarks Saturday before boarding the presidential heli…
Media reports say the economy is doing great because corporations are making record profits
Meanwhile wages continue to stagnate and prices continue to rise.
The economy isn’t great just because rich people are making more money. It’s only great when consumers have real purchasing power and are paid a good enough wage to circulate that money back into the economy.
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I think he’s actually saying the opposite.
Media reports say the economy is doing great because corporations are making record profits
Meanwhile wages continue to stagnate and prices continue to rise.
The economy isn’t great just because rich people are making more money. It’s only great when consumers have real purchasing power and are paid a good enough wage to circulate that money back into the economy.
That could make some sense.