NEW Fox News articles can now be heard on audio! Many Americans who spoke with Fox News about their opinions of the economy outside Busch Stadium thought the worse was still to come.
Eric, a resident of St. Louis, declared, “I think we’re in a recession.” “The economy is weakening.”
Carl, who was in St. Louis, though, claimed that the economy is “getting better.”
He said, “It’s recovering.”
THE AMERICAN ECONOMY IS CURRENTLY A DISASTER, SAYS TUCKER CARLSON
According to a recent Fox News poll, nearly three-quarters of registered voters indicated the U.S. economy is still experiencing difficulties, while the remaining quarter thought the worst financial hardships are passed.
For a while, I don’t think it will turn a corner, Becky, a Springfield, Missouri, resident, told Fox News. She argued that the US should produce more oil domestically and become more self-sufficient.
Becky complained, “Our gas prices are horrendous.” Our country’s economy is dire.
According to AAA, the price of Gas prices dipped fell to below $4 per gallon in August after reaching a record high of $5 per gallon in June. According to the Department of Labor, inflation, which remained at 40-year highs for much of 2022, modestly fell to 8.5% in July.
However, other Americans claimed they were still affected by inflation.
According to Bill, a viewer from St. Louis, “we have runaway inflation.” “I believe a recession is imminent.”
RECESSION WATCH: MORE Americans are reporting financial difficulties, according to the Census Bureau.
Two consecutive quarters of declining gross domestic product are usually interpreted by economists as a sign that the country is in a recession is imminent. That definition has been contested by Vice President Biden.
The $739 billion Inflation Reduction Act, which Democrats claim will lower rising costs, was signed into law by Biden on Tuesday. For instance, Democratic Rep. Debbie Dingell told Fox News that Americans would pay less for their prescription medications.
The new law’s title is “ridiculous,” Law, a majoring economics accountant, remarked about the bill. “I don’t see how that might reduce inflation in the slightest,” she said.
White House is unsure of the exact timing of the implementation of the Inflation Reduction Act.
James, from Ohio, told Fox News that “prices have quadrupled, almost tripled” over his lifetime. He claimed that Americans had a high level of debt, particularly recent college grads who are also in debt from student loans.
The Department of Education estimates that 43 million Americans are in arrears on their $1.7 trillion in student debt loans. The COVID-19 pandemic-related extended a federal pause on student loan payments implemented by the Biden administration four times expire at the end of August.
James admitted to Fox News that his other debts would prevent him from buying a car.
I’m educated, he declared. “I’m dual-degreed. Nothing about it makes sense.”