WASHINGTON (AP) — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hover near record levels.

The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, the first decline after three months of gains. The measure hasn’t fallen as much this year as other gauges of consumer attitudes, but it has been stuck at a low level since the pandemic. Before COVID-19, it regularly reached 130.

A separate gauge of consumer sentiment released last week by the University of Michigan fell to a record low this month. Soaring gas and food costs have worsened inflation that is outpacing the average growth in paychecks, reducing most Americans’ purchasing power. Americans have soured on President Trump’s economic policies, polls show, potentially creating problems for Republicans heading into the midterm elections.

you are viewing a single comment's thread
view the rest of the comments
[–] [S] 41 points 4 months ago* (last edited 4 months ago) (36 children)

This, more than anything, is why I hate both parties. Harris tried to gaslight us into thinking the economy was okay. Now, Donald's doing it.

But these limpdick, rich motherfuckers don't understand that the poor do their own grocery shopping, their own child care, actually open their own medical bills, and actually notice how much worse their schools have gotten and how many fewer opportunities there are to build a better life. The economy doing great for the rich has zero meaningful connection to the circumstances of the poor and middle class now.

  • source
  • hideshow 36 child comments
  • [–] 64 points 4 months ago (9 children)

    Yeah but only one side has active concentration camps

  • source
  • parent
  • hideshow 9 child comments
  • [+] [S] -39 points 4 months ago (8 children)

    That's a lie. Dems loved putting people in cages too, and in fact, Obama built many of them.

    Go look up who originally appointed Tom Homan if you don't believe me.

  • source
  • parent
  • hideshow 8 child comments
  • [–] 54 points 4 months ago (5 children)

    If you can't admit the difference between Trump and previous administrations, you aren't being honest.

  • source
  • parent
  • hideshow 5 child comments
  • [+] [S] -37 points 4 months ago* (4 children)

    Oh, I can.

    The difference is presentation. That's it. Donald is doing everything in the light that was previously hidden behind rhetoric.

    And before you try and tell me just how powerless Biden was to keep all of these awful things from occurring or stopping Dems from participating in them, I'll just direct you to the first two years of Donald's second term, wherein he's proven definitively that the Democrats had the power they needed to do anything they promised multiple times over the last three decades.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 20 points 4 months ago* (1 child)

    Both parties use the same consultants, I don't see why people don't see that as the real issue. The consultancy class is making a killing off of both parties while actively ignoring the populace. The more they ignore us, the more they get paid to understand us, which they will continue to actively fail at because they don't want to understand us: they just want to get paid, doesn't matter the party. They really make their money by telling politicians what they want to hear about their constituents, rather than constituent reality. That's why Chuck Schumer literally makes up his constituents, I'm not kidding, he talks to imaginary constituents he thinks represents people.

    Also, yes, Obama appointed Tom Homan, and people need to stop pretending the Democrats haven't had any hand in this.

    They really love defending the guy who ramped up the drone war, because it wasn't our soldiers dying, it was just kids who were "terrorists." He codified and legalized the worst excesses of the Bush admin and that's why Trump has his hands on mass surveillance via Palantir and more. People like us warned the Democrats not to do it, in case someone like Trump arose. Someone you couldn't trust with those powers.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 35 points 4 months ago (1 child)

    You have to be fucking delusional to compare everything Trump is doing with ICE, the National Guard, the USMC and the mass creation of concentration camps, along with reclassifying antifa as "terrorists" to justify bypassing civil rights to kill or lock up dissidents, to anything the Dems have ever done.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 48 points 4 months ago (13 children)

    Electing Harris would have meant Lina Khan would have stayed at the FTC and we wouldn’t have the jackass Trump just appointed to the Fed. Both parties are not the same.

  • source
  • parent
  • hideshow 13 child comments
  • [–] -1 points 4 months ago (2 children)

    Our country has been irreparably corrupt for decades, the shit you're reminiscing about wasn't better it just still had the mask on

  • source
  • parent
  • hideshow 2 child comments
  • [+] -13 points 4 months ago (5 children)
  • [–] 20 points 4 months ago (4 children)

    Seems like you don't actually have anything to directly refute anything people challenging your narrative are saying, and are spam-fucking whataboutisms to dance around the topic.

    Please keep your terminally online leftist bullshit to yourself. Enough damage has already been done by stupid mother fuckers who think neoliberals are just as bad as literal fascists.

  • source
  • parent
  • hideshow 4 child comments
  • [+] -15 points 4 months ago* (3 children)
  • [–] 5 points 4 months ago

    You're a genocide supporter,

    Oh god he's halting! He's doing the same stupid bullshit of copy & pastting brainless and lazy accusations that all terminally online leftists do!

    and no I won't keep it to myself what you did to those kids.

    Time to take the psychosis meds the nurse passed you earlier.

    What about voting for the only viable candidate that would have prevented Trump, a child rapist, is bad for kids?

    It makes sense that you supported it cause like a Zionist,

    Fact: Israel wanted Trump to win, not Kamala. We knew this in 2024

    Fact: Israel has Epstein child rape blackmail on Trump. We knew this in 2024

    Fact: Trump is the only president to have launched a war against Iran for Israel. Not Biden, not Obama, and there is zero reason to believe Kamala would have.

    Fact: ICE wasn't made to become a US gestapo force, training under the IDF and using Israeli spyware on US citizens and undocumented persons under ANY DEM.

    Seems if the accusation of supporting Zionism is applied accurately, its to limp docked, short sighted, overly privileged, faux advocates like you. You enabled Trump to win, which is objectively what the Zionists wanted, and why they're trying to keep the GOP in power now.

    you're always claiming to be the victim.

    Screaming at the mirror again?

    When you help Nazis carrying out a modern day Holocaust, you are the literal fascists.

    Hey dipshit, due to your complete and total lack of willingness to vote for the ONLY VIABLE CANDIDATE TO BEAT TRUMP IN 2024, you get to have blood on your hands with

    1. The escalated genocide in Palestine
    2. The escalated genocide in Lebanon
    3. The genocidal war against Iran
    4. The genocidal blockade of Cuba
    5. The genocidal round up of brown Americans into ICE concentration camps
    6. The rape of resources of Venezuela
    7. The total collapse of protection under the law in the US for anyone who isn't a rich Zionist
    8. The destruction of USAID and pullout from the WHO DURING THE RAPIDLY EXPANDING EBOLA OUTBREAK IN AFRICA
    9. The total destruction of the ACA and closure of 900 US medical facilities thus far
    10. The colossal fuel crisis that hurts developing countries and their remaining aid the most
    11. Etc

    The only people in this thread who helped with carrying out the modern holocaust ARE DIPSHITS LIKE YOU, DIVORCED FROM REALITY AMD WHO REFUSED TO VOTE FOR THE ONLY VIABLE CANDIDATE TO PREVENT VIRTUALLY ALL OF THIS FROM HAPPENING.

    The blood IS ON YOUR HANDS

  • source
  • parent
  • [–] 25 points 4 months ago

    The difference is the Dems actually have a track record of making the economy at least less worse than Republicans BY FAR.

    Not to mention the Build Back Better bill was originally going to be the single most progressive infrastructure upgrade bill in US history, but it was gutted because of the GOP.

  • source
  • parent
  • [–] 10 points 4 months ago (3 children)

    Whether or not the economy can be called "OK" is extremely dependent on who says it and when. At the time of the election campaign, it was fair to say that the economy was OK. It wasn't great, but inflation was getting under control, employment numbers were rising, it was generally trending in the right direction and could be called "OK".

    Then trump comes in and from his (more specifically his ownership group's) perspective, this is currently beyond OK. Profits for the ultra-rich are skyrocketing. They clamp down on immigration to get rid of the sources of cheapest labour, then make sure the cost of living keeps rising to push people into taking whatever job they can get, for wages they previously would never have accepted. All while cashing in on planned market swings.

    But yeah, tell me again how both parties are the same.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 5 points 4 months ago* (last edited 4 months ago)

    https://www.equifax.com/newsroom/all-news/-/story/faq-what-is-a-k-shaped-economy-/

    https://www.cnbc.com/2020/09/04/worries-grow-over-a-k-shaped-economic-recovery-that-favors-the-wealthy.html

    https://www.investopedia.com/long-term-impacts-of-the-covid-19-k-shaped-recovery-5200711

    The economy went K-shaped before Biden even got into office. The economy was far from "OK." It's just gotten a lot worse since then is all.

    Even during Obama's term the growth in jobs was mostly part-time McDonald's type gigs, not real quality jobs. Then Trump fucked everything over during COVID and made things even worse with the PPP loans, which further kicked things into a K-shape.

    People forget that the TSA was always a stealth jobs program for Bush's shitty economy. It's still in operation as security theater and an outright dismissal of the 4th amendment as mattering.

    There hasn't been a time in my adult fucking life where working full time even in the state with the highest minimum wage can an adult afford to rent an apartment on their own. It's been fucking bad for a long time. Minimum wage should be at least $25/hour if not more.

    But sure, $7.25/hr and gig work is great. /s

  • source
  • parent
  • [+] [S] -7 points 4 months ago

    Absolute absurdity. Their argument on inflation was that it was slower, as if that helps people who've already been price-gouged for years at that point.

    Give me a break. The parties are absolutely the same on how little they give a shit about our poverty. (But they'll vote in bipartisan fashion when the crash comes and their stock portfolios need a bailout, guaranteed.)

  • source
  • parent
  • [–] 5 points 4 months ago (2 children)

    One day they'll notice our peaceful protests, general strikes, and sign-waving, right?

    ...right?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 4 months ago (1 child)

    The post-Covid economy under Biden did nothing but improve and Trump's idiotic decisions have caused it to do nothing but worsen.

    But yeah, let's keep going the "both sides" bullshit that keeps Republicans in power.

  • source
  • parent
  • hideshow 1 child comment
  • [–] [S] 0 points 4 months ago

    The post-Covid economy under Biden did nothing but improve

    For the wealthy, maybe. The rest of us work for a living, and most of us are working longer and harder for less pay, if not multiple jobs. Biden had the power to change that but chose not to.

    But yeah, let’s keep going the “both sides” bullshit that keeps Republicans in power.

    The Republicans in 2024 got elected on the message of affordability. Democrats insisted that they couldn't win if they actually showed they cared about people's cost of living. Your cognitive dissonance is astounding, and yes, it is certainly a problem that the cost of living crisis continues to get worse no matter who we elect.

  • source
  • parent