Actually, no, it’s not true. The numbers tell a very different story.

Stripping out volatile energy prices shows underlying core inflation is down to 2.4%—essentially back to normal baseline levels.

Headline inflation, including food and energy, is at 3.4% annualized, but much of that is driven by recent energy price swings tied in large part to geopolitical conflicts, as well as domestic refinery shutdowns resulting in the loss of 1,700,000 barrels per day since 2020. Let us not forget that post-pandemic inflation previously peaked above 9% annualized, under the Biden administration, with far less media hand-wringing then versus now.

Add in solid GDP growth around 2.2% to 2.3% and an unemployment rate remaining historically low at roughly 4.2%, and the U.S. economy is performing remarkably well.

Bad news sells clicks (and votes), but the actual fundamental data shows a resilient, expanding economy.

The economy is strong, core inflation is low, and unemployment is low. All indicative of a healthy, expanding economy.

I just attended a concert featuring The Descendents and Social Distortion. I was irritated at the constant political comments, and I booed them. Not sure what those around me thought, and didn't care. I was there to be entertained, not lectured with their leftist social opinions.

Fortunately, this is apparently not how Metallica rolls. Good for them.
https://x.com/RyanAFournier/status/2109748613341753780