this post was submitted on 04 Feb 2024
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politics

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[–] WhatAmLemmy 101 points 9 months ago (1 children)

Voters don't care about the economy as long as their cost of living situation is worse.

[–] mrbaby 65 points 9 months ago (1 children)

I suspect it's booming because the cost of living situation is worse

[–] FenrirIII 32 points 9 months ago (3 children)

Biden has called out the greed of businesses, but we've seen no action from the government to rein them in.

[–] Boddhisatva 37 points 9 months ago (18 children)

How is Biden supposed to have done anything to rein in corporate greed when he's stuck with a Republican controlled house that refuses to even entertain the faintest notion of the slightest hint of the merest idea of reining it in?

[–] AbidanYre 21 points 9 months ago

Come on, it's not like Republicans are against their own bipartisan immigration deal because it would be good for Biden. I'm sure they'll work with him on the economy...

Oh.

[–] Sanctus 12 points 9 months ago* (last edited 9 months ago) (4 children)

The president needn't do a damn thing. The People need to protest outside of Citizens United office. Its what we need to do. Tear the structure from the Earth and the occupants along with it. Cast them to Tatarus where they belong.

Citizens United
1006 Pennsylvania Ave SE
Washington, DC 20003
Office: (202) 547-5420
Fax: (202) 547-5421
[email protected]

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[–] dohpaz42 91 points 9 months ago (7 children)

“Economy” is such a bullshit term here. What they really mean is stock market. The real economy is shit. Pay is shit. Healthcare is shit. Real estate is a fat hog that needs to get slaughtered already. When will the people be treated as Too Big To Fail?

[–] cybersandwich 47 points 9 months ago (2 children)

Ehh, I think the economy is doing okay. Inflation is being controlled/managed. In some cases it's correcting itself.

Don't lose sight of the forest for the trees. The media in this country has been really pessimistic about the economy and blaming the admin--to the point it seemed intentionally misrepresented.

This economy could have gone the other way pretty easily especially with the billions thrown into circulation during the pandemic.

If we want to credit Presidents when the economy is bad, you need to credit them when it's good too.

If anything this admin should get credit for being stable and a source of order in all of the chaos--not the cause of it.

[–] [email protected] 31 points 9 months ago (1 children)

Ehh, I think the economy is doing okay. Inflation is being controlled/managed. In some cases it's correcting itself.

I have to agree. Some people are still certainly struggling, of course. Homelessness is still a problem in places. Many people still live paycheck to paycheck. But the economy isn't going to fully right itself in four years, especially with a hostile House that controls the purse strings.

Additionally, nothing has been done about greedflation (yet?). If Congress or Biden can figure out a way to force companies to stop tacitly colluding to squeeze more money from people, I would suspect more people would start to feel more optimistic about their finances (and the economy in general).

[–] [email protected] 10 points 9 months ago (3 children)

Greed will sadly have to wait....when your ship is sinking you gotta patch the holes first, then you can rebuild the troublesome parts.

The US is putting fingers in the holes of the dam right now and doing an okay job of it.

[–] [email protected] 18 points 9 months ago* (last edited 9 months ago)

I believe it's more like while this ship is sinking the majority are below decks with old buckets trying to desperately bail out the rising seawarer while the rich and those in power are above deck ripping off all the planks they can to build themselves a life raft, fully intent on leaving the rest of us to drown in the sinking ship.

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[–] [email protected] 12 points 9 months ago* (last edited 9 months ago) (2 children)

Some people are already too big to fail. It's just not you or me.

Look at Trump. He's too big to fail. He's not in jail, despite numerous counts of accusations, from rigging elections to treason to sexual assault.

When you're rich enough or connected enough, you're too big to fail.

[–] FlyingSquid 12 points 9 months ago (2 children)

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

-- J. Paul Getty

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[–] Delta_V 48 points 9 months ago* (last edited 9 months ago) (1 children)

*jobs exist that don't pay a living wage, sending workers ever deeper into poverty and despair*

media and politicians: "LoOk At AlL tHe JoBs! BoOmInG eCoNoMy!"

[–] [email protected] 20 points 9 months ago (2 children)

You get two jobs, and you get two jobs, everyone gets two jobs!

[–] [email protected] 12 points 9 months ago

🎵you load 16 tons, waddaya get? another day older and deeper in debt. St. Peter don't you call me cuz I can't gooooooo, I owe my soul to the company store. 🎵

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[–] K1nsey6 42 points 9 months ago (1 children)

The economy is only booming for the rich, anyone trying to tell us otherwise doesn't care about our well-being. If it were doing well they wouldn't have to keep telling us, we could see it in our everyday lives.

[–] [email protected] 18 points 9 months ago* (last edited 9 months ago) (16 children)

Gas prices are down. General cost of living is stabilized. Unemployment is extremely low and the percentage of eligible workers on the sidelines is dropping. Wages are up for the lowest income levels and continue to climb despite slowing inflation. Black households, in particular, have seen a significant narrowing of the income gap, more so than they've seen in many many years. The percentage of women in the workforce is up and salaries are climbing for them as well. In fact, the post-COVID recovery has been wildly successful when you compare it to post-2008 with respect to the improvements for the poorest among us, which is precisely the opposite of what you're claiming.

Yours is purely an appeal to anecdote. The data is clear. Unfortunately, as study after study has shown, data can't compete with vibes, and we just spent the last two years with the MSM (not to mention social media...) telling everyone a recession was around the corner.

[–] abracaDavid 26 points 9 months ago (1 children)

Housing costs are sky-high. Rent is ridiculous. Good luck ever trying to own a house. And yeah, cost of living went way way up and now it's "stabilized" there.

And to say wages are up is just laughable. I mean, yeah people are now being paid $15 an hour instead of $10, but what does that matter when food and housing costs increased more than that?

The data is skewed by the people that benefited from raising the price of everything during COVID-19 and then never brought the prices down.

The rich are richer and they are the measuring stick for the economy because they own all the news sources. It is dramatically worse for the poor now than it was 5 years ago.

Don't let bullshit propaganda fool you.

[–] Mog_fanatic 13 points 9 months ago (18 children)

I feel like this CONSTANTLY happens and people just eat it. Prices skyrocket. Then they stop rising or maybe even dip a little but still remain way higher than they originally were and... Problem solved! It's stabilized! In fact prices are DROPPING! huzzah!

Makes me wonder if people are really this easily fooled or are they all just being ignored? Lol

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[–] KredeSeraf 13 points 9 months ago

I'll tell that to the out of control housing, rising food costs and the worsening healthcare coverage and quality. Man! So glad these few things you mentioned are superficially better. There's no problems now!

/s because you know someone is gonna take it literally.

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[–] [email protected] 41 points 9 months ago (4 children)

Biden’s administration has done pretty well considering all the grenades the GOP had thrown into the road.

Imagine how well people could be doing if the GOP actually cared about anyone other than themselves, rich people, or the Russians.

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[–] systemguy_64 26 points 9 months ago (1 children)

TIL grudgingly is a word. I've only ever heard begrudgingly before.

Apparently grudgingly is done with lack of interest

Begrudgingly is done with envy

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[–] [email protected] 25 points 9 months ago

Hey let me know if you guys find any extra money floating around. This economy is so good I can barely afford gas and groceries.

[–] psycho_driver 20 points 9 months ago

This has got to be an Onion headline. I mean, of course it is, but they would never in a million years admit it.

[–] CharlesDarwin 19 points 9 months ago (2 children)

Brace for a lot of the magats claiming that faux is "too woke"/"too liberal" and claim they'll have to watch ONAN even harder.

[–] BonesOfTheMoon 14 points 9 months ago (4 children)

It was extra hilarious when they were complaining about the environmental impact of Taylor Swift's plane. Like you admit the climate needs help, Fox?

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[–] [email protected] 19 points 9 months ago* (last edited 9 months ago) (3 children)

Ask not for whom the economy booms -

For only the bell tolls for thee.

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[–] [email protected] 13 points 9 months ago* (last edited 9 months ago) (2 children)
[–] HWK_290 16 points 9 months ago (12 children)

Me?

Gas prices are below $3 here, only spent $91 on weekly groceries yesterday, and my high interest savings accounts are sitting around 4.75%

My property taxes went up 20% but that's a local thing...

And I'll toss this in here even though you'll cry that it's not a valid metric, but my retirement accounts are at a record high

Like, what more do you want??

[–] [email protected] 12 points 9 months ago (15 children)

House prices to contract down to a realistic level. Rent controls such that the price of rent is not higher than the price of a mortgage (which gives you ownership of a valuable asset, a tenancy does not).

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[–] [email protected] 12 points 9 months ago (1 children)

They probably want theirs and everyone else’s cost of living to not be a crisis.

It’s great that yours has slightly improved, it hasn’t for the majority however and continues to get worse.

[–] [email protected] 14 points 9 months ago

But it's now getting worse at a slightly slower rate. Yay, progress!

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[–] [email protected] 16 points 9 months ago (9 children)

I don't know why this guy's getting downvoted. Rent prices are at record high. APRs are through the roof. Groceries are getting more expensive every year. I'm even paying $20 more every month for car insurance. Sure Trump was worse but let's not act like everything is all sunshine and rainbows just because it's an election year.

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[–] recapitated 12 points 9 months ago* (last edited 9 months ago) (3 children)

Probably because Fox only makes good revenues when their buffoons aren't in charge to undermine their narratives with utter incompetence and pure greed.

Fox needs its viewers to want to start winning, not to be winning. That's why Tucker publicly put a stop to the Biden "crime family" claims right before the 2020 election, and resumed right after it.

Their viewership does best when their claims are not falsifiable.

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[–] [email protected] 10 points 9 months ago (1 children)

A lot of the Fox Business stuff is not crazy politically biased in the way the Opinion primetime stuff is. There's a lot of old rich white guy conservatism, like Mitt Romney conservative. They'll spin storylines as explanations, but not basic facts.

Just seems like people are talking past each other sometimes with Fox stuff. Same as the polling "even FOX is saying X Democrat is winning!" well yeah Fox's polling infrastructure is pretty good, it's probably because that candidate is leading.

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