Fuck the economy. Make my goddamn grocery bill go down. Make the fucking rent go down. I'm so sick of the rich dictating every aspect of my life while I barely get by all so they can tell me "everything's great!"
The economy is booming because of all the money corporations are charging you for your food and rent.
Fuck the economy. Make my goddamn grocery bill go down. Make the fucking rent go down.
These things are actually the things that make up the economy.
The problematic thing with inflation is that when people get a pay raise they think it's not because the economy improved, it's because they worked hard for that pay raise. Sure no one's disputing that you worked hard, but if you worked hard and the economy didn't improve you wouldn't have gotten that pay raise.
And yeah food prices are high. Something about a land war in the part of Europe that produces a lot of the global grain supply may have something to do with that. That situation would be resolved sooner if the GOP stopped blocking the funding to go towards ending that situation sooner.
Real estate... yeah that's because the rich suck. Gotta tax those bastards so they don't keep dumping their excess wealth into real estate which drives up prices. But again, the GOP isn't going to approve of that.
Biden has done insanely well on the economy despite the efforts of the GOP to sabotage him.
So be angry, but know who to be angry at. The guys blocking things have a majority in congress and has the filibuster in the Senate. Maybe that should change?
My job is laying off people every 6-12 months despite having immense reserves of wealth. Remind me how great the economy is?
Man, it's so great right now. Mark Zuckerberg increased his wealth by $29 billion just yesterday! People with fat stock portfolios are coming in here to tell us we're wrong about the economy! It's awesome!
Fyi, the US president cannot set prices for these things.
That said, he's trying, using what power he does have.
“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?
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.
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).
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.
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
Voters don't care about the economy as long as their cost of living situation is worse.
I suspect it's booming because the cost of living situation is worse
Biden has called out the greed of businesses, but we've seen no action from the government to rein them in.
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?
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.
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
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Washington, DC 20003
Office: (202) 547-5420
Fax: (202) 547-5421
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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.
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.
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.
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
I stopped reading at gas prices are down. They are up .40 the last week.
The data is clear
The gaslighting is all thats clear. All the data conflicts with your claim. Homelessness up to the highest level ever recorded, housing is unaffordable, food is unaffordable, wages are stagnant, income inequality is the widest ever recorded.
Looking pretty low to me. Speaking in terms of this week makes no sense to me.
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.
If his is purely anctedote, then yours is decontextualized.
Gas prices are down.
Sure. Since a high in June of 2022. The last time gas prices were at this level was June 2021. And the time before that was October 2014. Which is to say, for about 6 years, gas prices were lower than today. And just looking at the graph, they were significantly below today's level. Just to note, they have yet to return to the levels before the precipitous rise stating in December 2020.
There maybe, as you noted, vibes, but they ain't wrong.
Unemployment should be looked at with, of course participation rate which has held even for the last year, and how long people have been unemployed which has been growing slightly for those unemployed for 27 weeks or more. This also doesn't address underemployment which disporporstely effects the young and poor. Underemployment colors one's outlook for stability in the present and future.
Thankfully, Biden and others in the administration have managed this far better than 2008 for the average citizen. Not having a recession is a good thing. I've lived through several. But that doesn't mean there isn't looming concerns. Inflation is still higher than the target and instigating further disinflation is uncharted territory.
Data, in of itself, is not enough. It needs to be contextualized to develop political and social narratives. Addressing people with condescension and dismissing their anxieties as mere vibes fails politically.
*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!"
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.
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
Lemmy: China is spreading propaganda about their failing economy booming in their news!
Lemmy: The American economy is booming! I read it in our news!
There are genuine grievances in the economy; most notably perhaps the affordable housing crisis. My home's value is so fucking inflated it's not even funny. It's not worth what it is appraised for; none of these houses are. Chronic homelessness is at an all-time high.
That being said — since we are going into election year — we need to frame this not as what we see but what Republicans would normally boast of if Donnie2Scoops was in office.
So context matters. By the standards of what Republicans usually tout, the economy is thriving. Which means they've got nothing going into an election year... Which means they're fucked.
Consider that Democrats won a midterm election during worse economic conditions in what is historically a rough midterm for an incumbent President's party. Now consider the same with the risk of Democracy on the line, abortion rights, and a strong economy.
Republicans are fucked. (But still, get 5 people you know to register and vote). Hence why they're so desperately clinging to this BoRDEr cRiSis as their only issue that's sticking — and Biden just called their bluff on it.
This has got to be an Onion headline. I mean, of course it is, but they would never in a million years admit it.
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.
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?
Ask not for whom the economy booms -
For only the bell tolls for thee.
Great for who? Not me. Not anyone I know. Two of my close friends lost their jobs in the last few months. And tech layoffs out of control due to interest rates. Fuck off with this propaganda
There's still a full on America+China+EU sized market crash boiling under that "booming" surface. I don't know quite how they staved it off with just Credit Suisse and two other banks imploding so far. But it's not done, it's not finished, it hasn't even started.
No idea what backroom deals were done in the financial sector to stop it all for now, but it's still coming. Otherwise corporations wouldn't still be bleeding the plebs dry with cost of living and trying to offset their shitty investments on the CBMS as well as fighting tooth and nail to keep students indebted forever, so the party can keep on rolling.
It's an utter clusterfuck. We'll see what happens in the next few years.
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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