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Notes -
Partisan media hacks on both sides are always incentivised to sell how [opposite administration] is handling the economy poorly. Whether or not this effects reality is a separate matter. As is whether reality is reflected at the ballot box --- it's conceivably quite possible for the median voter to see a different economic direction than the sum (mean) economic measures.
I can't think of a time in my life in which there weren't bear headlines from time to time. Some of those times were, in hindsight, very good.
I'm pretty sure most people don't care that much about GDP. The directly important figures for the man on the street (Main Street, anyway) are the components of the old misery index -- inflation and unemployment. With job creation numbers basically at zero, unemployment seems likely to increase. Inflation is not great either. It's a jobless expansion.
Chained CPI was also uncomfortably high.
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