This CNBC headline from yesterday encapsulates the big divide between the way media pundits perceive the economy and most everyone else.

According to the article: “Economists have wrestled with the growing disconnect between how well the economy is doing and how people feel about their financial standing. The U.S. economy has remained remarkably strong despite persistent inflation.”

Stop right there.

OK. It’s true that the GDP is growing which means we are not in a technical recession.

But the economy is “strong” for whom exactly? Academics isolated in their ivory towers? Those cloistered inside the Washington Beltway?

The poll cited above found that a major reason Americans say they are pessimistic is higher costs and difficulty making ends meet.

This isn’t a figment of their imagination. The average household has LOST roughly $2,000 of purchasing power since Biden came into office. They are POORER today than four years ago.

We submit that when most families have lost real take-home pay over a four-year period – THAT is a recession. And apparently, six of ten Americans agree with us, despite the media cheerleading for the Biden economy.

This chart from investment analyst Robert Genetski captures why voters are gloomy: