Ernie Tedeschi, the director of economics at the Yale Budget Lab who in March wrapped up a three-year stint on the White House Council of Economic Advisers was asked by Business Insider, “was the “vibecession” fake? He replied: “The short answer is no. The vibecession was not fake. The long answer is no, but … ,” he said. Perceptions of the economy have to do with more than the economy itself. That doesn’t mean that people were lying or that their answers didn’t have some real economic motivation, but there’s clearly more to it than the material conditions in front of them — it’s also about their ideological leanings and how that shapes what they believe is ahead.”Perceptions of the economy are definitely deeply partisan,” Tedeschi said. That’s right. Republicans are now very rosy on the economy and Democrats are gloomy (although the GOP voters’ abrupt switch is far more dramatic.) BI continues: It’s easy to say the shift in sentiment is partisan flag-waving — now that Donald Trump is headed to the White House, Republicans are going to say everything’s great, and to the Democrats, it’s all terrible. But that’s not really what’s happening, said Joanne Hsu, the director of consumer surveys at the University of Michigan. When people say their expectations are better or worse, it’s not simply the outcome of the election they’re responding to but the policies they believe are on the horizon. “With the election of Trump, people have an idea of how economic…