politics

Thanks, Joe. More for Trump to loot. Too bad so little of that growth got to median-level people.

According to traditional economic indicators, that’s a true statement. There is an issue with traditional economic indicators however.

He's living in a separate economy 🙄 it's no wonder the Dems lost.

Yeah, great, I'm so impressed. I'll quit one of my jobs. Thanks biden.

That's weird. I could have bought a house in 2014 but I can't afford it now despite making way more money.

What good is that when we couldn’t sentence the clown coming into office that is going to dismantle whatever gains we might make.

When the media or politicians report on 'the economy' they mean wealthy people's money in investment capital and financial instrument earnings, not wages or savings for the working class.

Stronger for whom, exactly?

"Empty suit makes grandiose empty statement."

Doesn't matter, when Trump wrecks the economy he will say that he inherited the worst economy ever from Biden.

Fuck the economy when garland let trump go. That’s biden’s fault. I will always remember Biden for that.

That's what happens when the economic wellbeing of a country is based upon numbers on computers instead of the actual wellbeing of its population. Fuck neoliberalism.

That’s because the economy is wholly disconnected from the real lives of working Americans. Aside from 401k, job gains could just be shifting around of people from job to job. If you are in the job market, it still feels grim. The cost of groceries, energy, housing, healthcare, schooling still remain high. And that’s what Americans really experience. A reduction in inflation doesn’t mean prices went down, it just means the increases slowed down by 2.7%. And the fact that democrats are completely incapable or unwilling to have this conversation, is why democrats continue to lose enthusiasm every time there’s an incumbent democrat election. Obama was an exception because of how skilled a politician he was and how weak the Republican opposition was at the time.

There's also a part of this that could, if you were naive, be solved with time. My job gave me a solid raise last year, 4.9%. Assuming four years of Harris status quo could get inflation down to ~2.5%, and assuming I can maintain similar raises each year, I'd likely recover from the pandemic within the next four years. Inflation is a necessary evil, but when managed over time, it isn't a big issue. Should work for everyone right, stupid Trumpies just don't understand long-term economics!

Except it ignores that corporations are colluding in duopolies across many industries to steadily raise their prices above inflation to maintain profit growth. It ignores that landlords are treating maximum rent hikes as the expectation rather than the exception. It ignores that climate change is globally impacting our supply lines for food.

Inflation being healthy doesn't mean a damn thing when unchecked capitalism is left rampant. The Biden administration, to their credit, did weakly try to fight corporate interests. However, they did nothing to fight the fully captured Supreme Court, which made Biden's efforts so pitiful they resemble a controlled opposition.

I suppose I'm happy for the economy. I mean, I'm glad it's doing better than ever, I guess, but I've got my own issues. Sorry if that sounds selfish, but it's just hard for me to get too excited for the economy when I'm stressed about my own situation.