Two weeks ago, Nobel Prize-winning economist Paul Krugman told CNN anchor Christiane Amanpour there is a peculiar disconnect between how the economy is doing and how the public is feeling about it.
Krugman said the economy is doing really well, but people still say it’s bad. He said surveys and people’s behavior show that people are spending a lot on travel, but it seems like everyone is saying it’s bad. “We don’t know what’s going on, but there’s a real disconnect,” he said. Behar said it’s all good in the economy, but Biden doesn’t get the credit.
It’s no secret that people think the economy isn’t doing well, especially in Western Pennsylvania. Gas prices have gone up in places like Arizona, where it’s now the seventh highest-paying state in the US. Prices have also gone up in Nevada, California, and other states. And when gas prices go up, food prices go up too. Have you been shopping for milk lately? It’s now more than a dollar more per gallon than in 2021, and it’s even more expensive for organic and reduced-fat milk.