Todd Coconato

.@VDHanson just laid out an economic reality that completely blew my mind, and it exposes the biggest messaging failure leading up to the midterms. While we were all fighting over the races, an economic boom was emerging right under our noses: “165,000 new jobs were just announced and they were saying 45 a month ago. The poverty rate was at an all-time low at 10.5. The per capita family income is $87,000, a new record. The GDP was just revised at 3.4, and the Atlanta Fed said it’ll be 5 by the end of the year. Nobody’s talking; we’re just fighting, and we are in the midst of a boom that is emerging. And I look back at 2022 when the red wave dissipated, and why did the blue wave not? So I compared the data. The stock market, at least until yesterday, was 20,000 points higher now than when Biden stopped the red wave. And income is $14,000 higher than it was just four years ago. So then people say, ‘It’s inflation. It’s gas.’ Well, no, it isn’t, because that was a 9.1 record inflation year in 2022. And gas on election day was somewhere between $3.95 and $4.05… It’s $4.06 today. So what I’m getting at, the economy was a wreck. The GDP was lower, the inflation was three times higher, the gas was about the same, people were furious… what was the difference?”