The economy is improving for the rich corporate executives boasting about record-breaking revenue every quarter. For everyone else, prices are going up and their wages are not changing. Fuck the rich.
this post was submitted on 15 Sep 2023
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The economy is doing great but that doesn't mean shit for the working class, as intended.
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Whenever I read the term “the economy” my brain substitutes the words “rich people’s yacht money” because I’ve never been affected by it one way or the other.
Good for them and their yachts though.
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Of course they don't believe it!
Democrats do a shit job at celebrating their victories and communicating with average Joes.
Also this asinine "liberal guilt" prevents anyone from the Left to ever enjoy anything for fear that there might be one person out there who isn't doing so well and it would hUrTiNg tHeIr fEeLiNgS. It is absolutely exhausting dealing with these people who don't want to accept that unemployment is at an incredibly low number, interest rates are still at historic lows, wage growth is at 40 year record, inflation is dropping, and the economy is indeed booming. Times are indeed good, regardless of what the vocal naysayers tell people.
Then mix in an endless stream of foreign agent trolls who are purposefully trying to spread misinformation before the election. Whether they are Russian agents or right-wing conservatives masquerading as progressives, they are trying to bring people down because apathy is one of the best tools that Republicans have to keep people home on election day. Low voter turn-out usually helps the GOP.
Put all that together and it isn't surprising that Americans don't believe that the economy is strong.
How does any of this lower my grocery bill? Or gas or rent or daycare? I just found out it will cost nearly $25,000 a year for my family's health insurance. How am I supposed to feel good about the economy when I hear that?
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I don't give a shit about "ThE eConOmY", I care about how ordinary people are affected. I don't know about all of you, but I'm still in an ever worsening situation. Biden has made little to no difference for me.
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Ya know, a 20% raise against inflation over the past 10 years would help.
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Seems like 50% of Americans still believe Trump is going to make America great at the next election...
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This is all simplly caused by our refusal to build housing for the last 50 years. Almost all the pain is because of housing costs.
New housing is built all the time, just not in a places that are in demand where everyone wants to live at.
You mean you don't want to live in a 500k townhouse that is directly off the highway and has no walkability, sidewalks, or public transportation? Smh
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Republicans refuse to believe their politicians ever do anything wrong
Democrats refuse to believe their politicians ever do anything right
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The economy overall might be fine, but the average person can still not be.
People don't care much about data and facts on unemployment and GDP when ultimately their personal situation is what matters. Things are more expensive and wages for a lot of people haven't kept up. Already have too many people think that no/less inflation means prices go down, when actually that just means prices stay the same or go up slower. Deflation is off the table cause that can be even worse.
Sadly, there isn't much that can be done beyond sticking to higher interest rates and letting the market adapt and catch up.
Not much the president can do either, especially with this congress. Even if it wasn't, the changes and effects would likely take years to even reach fruition. Let alone have a significant impact for most people if all goes according to plan.
We have seen this scenario play out before.
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