Mark Cuban laments the Biden admin's marketing of the economy

[TechbroMBA]

“Why don’t you ing retards thank Biden harder?”

[TechbroMBA]

The cost of housing, gas, etc. relative to Americans income is higher than it was during the Trump years. This is why average voters see the economy as bad, even though wealthy people and corporations think and insist it is doing better than ever, because for them, it is.

Not sure why so many aren't getting this. The suggestion that the economy now is better than in the mid 80's is ridiculous considering how much lower the cost of living was then, you could live comfortably on a lot less with a lot more disposable income.

No don't you see my chart and graphs are much more persuasive than your bank account.

It's not that economic indicators are imperfect metrics that attempt to gauge how the economy and consumers are doing; rather the economy is the indicators and your economic health is driven by them. This is your brain on academia.

[TechbroMBA]

The cost of housing, gas, etc. relative to Americans income is higher than it was during the Trump years. This is why average voters see the economy as bad, even though wealthy people and corporations think and insist it is doing better than ever, because for them, it is.

The contrast between the Biden economy and the Trump economy, as well as issues like immigration is why Trump is shellacking Biden in polls. Obama also had a mediocre economy in 2012, but he knew this and emphasized what he was doing to improve it and how Romney would hurt it. Biden is simply a lot worse at communicating than Obama, and Trump has a tangible record unlike Romney.

Trump inherited a good economy and ran it into ground. Biden inherited that bad economy and is building it back up, like Obama did. There’s more work to be done, but we’re in a better spot now than we were 4 years ago or even 2 years ago.

I refuse to let actual economic data and real Biden accomplishments be overshadowed and negated by “vibes”

That's only true if you disingenuously blame Trump for COVID and give Biden the benefit for COVID ending. That's a hack belief and clearly the general public doesn't buy it.

Here's some useful data for those who don't get the marketing.

https://fred.stlouisfed.org/series/LES1252881600Q

Median real (inflation-adjusted) wages. Look at it from 2008-2016, then 2017-2020 and then Biden's term. This is why the polling shows Trump winning on the economy.

Note, here, I am not saying the chart is driving people's perceptions. The chart merely explains why people feel the way they do.

This is instead of your approach of telling people, "look! chart! feel better!"

[TechbroMBA]

I mean… it’s still higher than it was during Trump’s term.

My point is not that nobody has a right to complain about cost of living, it’s that Trump was always given the benefit of the doubt about his economic management while Biden is given no such benefit, despite being able to point to just as many strong economic indicators.

Sorry bud, you won’t convince me. I’m a regular, middle class guy and i feel the sting of higher prices but im still doing better now than when Trump was in office. Why doesn’t my experience count? Especially when it is backed up by macro data points that show Americans making more money, finding new jobs, and spending their money generously.

It’s all about what the media chooses to cover, and they’ve decided the voices of people who say the economy is worse (Even if their personal finances don’t reflect that) matter more. It all goes back to the media refusing to give Biden credit for anything because he refuses to play their games like their pal, Trump, did.
 
I’d never encourage Biden or his campaign to say this, but I believe it’s the truth.

Cool, that's fine. If you're doing better - congrats! Clearly though for the median voter the Trump experience was steadily rising purchasing power, with that declining throughout Biden's term as inflation compounds.

No amount of marketing or explaining is going to tell people they're doing better, if their paychecks aren't stretching as far.

Ultimately a marketing exercise can't make up for an accounting exercise.