United States

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Economy Status Quo

Padmini Arhant

As usual the art of embellishing record carpeting reality is nothing new in politics.

The current economic situation in the United States from middle class and lower income affordability standpoint is anything but glorious as falsely propagated by politics’ represented print press and media.

The pulse of the economy is sensed in three important rubrics with the middle income class bearing the burden and they are;

Taxes, Interest rates and Inflation.

When the tax bracket for exemption, deductions and decrease are lowered for example from $60,000 to $25,000 alongside dollar value on goods and services significantly reduced due to inflation,

Notwithstanding higher interest rates to mitigate inflation, the trio impact on ordinary income households representing majority among 99% category is overwhelming and extraordinary.

The exponential rise in taxes, interest rates and inflation exacerbate the existing struggling to make ends meet situation.

The print press article on economy exceeding expectations in growth, declining inflation contrary to ground facts experienced by consumers in grocery stores, supermarkets and gas stations not related to price gouging as claimed by politics, the article failing to explain the arbitrary position and critically the latest interest rates hike by the Federal Reserve to historic level as reported by the Wall Street Journal recently attract serious attention.

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The contradiction between false propagation rather fiction and factual status calls for credible information from the politics’ guided press and not pre-election gimmick to sell anything to the public – the key political agenda.

The contentious everyday economic woes in the height of three virulent factors viz. taxes, interest rates and inflation for ordinary citizens living paycheck to paycheck is an enormous challenge unlike for politics entirely focused on remaining in power regardless of economy in the most undesirable trend posing extreme difficulties for consumers unable to keep pace with rising costs on general consumption, essential goods and services evolving into the last straw that breaks the camel’s back.

Accordingly, the incumbent administration politics’ media and press presenting the economy as roaring beyond projection when in actuality the economy is soaring in interest rates, inflation and taxes is rubbing salt on the raw wound in the massive cover up on all things including contemporary economic tribulations hurting average citizens and businesses alike more than ever.

Politics and allies in print press and media quitting undervaluation of public intelligence and understanding of their personal financial strife would be a refreshing change in the ongoing political miscalculation of deteriorating economic health hurting en masse.

Padmini Arhant 

PadminiArhant.com

Prakrithi.PadminiArhant.com