Americans don’t like the economy because prices remain so much higher than they were when he took office.
Americans have much to be grateful for—even in a year marked by political division at home, wars abroad, and a cloudy economy. One thing they could probably do without, however, is a White House and media that keep telling them how happy they should be with Bidenomics. Let’s take a tour of the Thanksgiving table to understand.
The latest White House lecture is that inflation has fallen from 9.1% in June 2022 to 3.2% last month. But disinflation—inflation rising at a slower rate—isn’t the same as deflation, which is falling prices. Thanksgiving dinner prices are rising less fast than they did in the last two years, but they’re still rising.
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