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John Calhoun's avatar

Mark, you represented much of our media when you wrote, "The economy was bad and getting worse". The economy was (is) not bad. In fact it has come back from the pandemic recession stronger and faster than almost any prior recession, but certainly better than the last few. Our unemployment is amongst the lowest it has ever been.

Inflation peaked a couple of months ago and is coming down. If you look at month-to-month comparisons it is now running in the 4-6% level down from 8-9% earlier this year.

It is true that with the Fed tightening we do not know if they will push us into a recession, but we still have production constraints in some industries and many professions are desperate for workers.

The media has hyped a bad economy and convinced themselves and others that the sky is falling. They convinced much of the country that the economy was bad, but surveys show that people are feeling ok about their own circumstances.

And that is how they voted this week.

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