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Trump Says Biden Plunging U.S. Into Depression. The Stock Market Hit a Record High
(www.rollingstone.com)
this post was submitted on 14 Dec 2023
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politics
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The stock market is not a 1:1 representation of the spending power of your dollar. The stock market is how well your overlords are doing, not you, the average american.
True, but Republicans constantly tout the stock market's performance when they are in charge. Every tick upwards is declared to be thanks to them. Every dip is said to be because Democrats got in the way.
So a Democrat in charge of the White House and the stock market rising is a good refutation of their talking point. For "common man economy indications," I'd instead point to things like the extremely low unemployment rate.
They like to claim the low unemployment is somehow a bad thing. If you dig into why, it's basically because when employees are harder to replace, they're harder to exploit, so working conditions and wages improve while shareholder profits slightly decrease, and they focus entirely on the latter.
please look into how the unemployment rate is a false indicator as well. Unemployment numbers only show those who are actively looking for work, not those that have given up on a broken system. The Unemployment rate does not represent the true number of unemployed in our country. And please stop assuming that because people state a fact that looks bad on your party, that they are automatically for the opposite party. I said nothing about republicans. Them using the stock market as an indicator is just as bad. The truth is that the government has lost touch with the american public. if you want a TRUE representation of how good the economy is doing, look at discretionary spending (disregarding things like tobacco, drugs, alcohol and porn. people always make room for their vices) in the regular joe. look at how far $100 will get you at a grocery store. look at the amount of kids that have school lunch 'debt', look at how your local food bank is doing. these are true indicators of how well the country is doing, not what a bunch of out-of-touch, octogenarians on capital hill think. not one those people, both left AND right, have the average american in heart when they do the things they do. They are solely concentrated on getting re-elected, and continuing the will of the oligarchs that line their pockets.