Or, I should say, people’s sentiments are driven by their party identification and that identification drives them to look at only those parts of reality that conform to what they’ve already chosen to believe.
Until Donald Trump, consumer sentiment never was this tightly tied to party identification as it is now.
Totally amazing that consumer sentiment nationally has stayed about the same, but Dems and GOP simply switched how they felt about the economy pre-Trump and post-Trump.
Now the Dems look at rapidly falling unemployment, a booming stock market, and increase in “back to normalcy” measures and their confidence is sky high.
But Republicans look at high inflation, disrupted supply chains, and companies unable to hire workers at the wages they would like to hire them at and believe the country and the economy are headed to Hell.
Reality of course is probably somewhere in the middle, but people will fight for their perceptions now until the cows come home.
When those who disagree with you aren’t just wrong, but evil and anti-American…can it be any other way?
(Yes it’s a CNN article and so the headline is biased against the GOP pessimism, as is the article. I tried not to be because inflation and the idea that we can keep printing money with no ill effects are things I worry about even as I rejoice in the improving economy).