I guess for now it's misleading more than anything, as they say it's the smallest of the three major federated platforms. That's hardly precise as neither Threads nor Bluesky is federated yet.
Bluesky should federate at the end of the month though, and a bridge to activitypub is already ready. Interesting times ahead.
"The" economy is going great, but since the US has an insane problem of inequality caused by decades of trickle down economics, this does not necessarily translate to the lived experience of ordinary people.
Standing up for unions and student loan forgiveness are two examples of policies the current administration pursue in order to deal with this. They are very limited by what they can do because the senate sucks.