Bidenomics - there goes the American dream

Wall Street Journal: "Voters See American Dream Slipping Out of Reach, WSJ/NORC Poll Shows"

The American dream—the proposition that anyone who works hard can get ahead, regardless of their background—has slipped out of reach in the minds of many Americans.

Only 36% of voters in a new Wall Street Journal/NORC survey said the American dream still holds true, substantially fewer than the 53% who said so in 2012 and 48% in 2016 in similar surveys of adults by another pollster. When a Wall Street Journal poll last year asked whether people who work hard were likely to get ahead in this country, some 68% said yes—nearly twice the share as in the new poll.

Do you know what would turn around this economy?  Yet another New York Times article about how Americans don't realize how good they have it.  We could pay off the national debt with the cottage industry of limousine liberals explaining why things are acksually great.

I do think changing perceptions of inflation would help a lot. The reality is pretty good if you look at the data. Prices have gone up a lot, of course, but according to a careful analysis by Joseph Politano, an economics writer who looked at the data in multiple ways, since the pandemic, average wages have gone up slightly more than prices. That’s a raise. Interestingly, the percentage gains have been bigger for lower-wage workers.

That’s not the perception, of course.

What are you going to do with these stupid Americans, amirite?  Meanwhile let's keep those Community Notes rolling.