this post was submitted on 11 Dec 2023
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President Joe Biden goes into next year's election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.

Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress.

“Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this," said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.

“Honestly, I’m kind of mystified by it,” she said.

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[–] [email protected] 98 points 11 months ago (25 children)

Whenever anyone says "the economy", you can and should mentally substitute it with "rich people's yacht money".

Rich people's yacht money doing well doesn't do shit for 90% of the population. It doesn't pay the rent, put food on the table or clothes on their back. They can't afford to see a doctor or ride the damn bus.

And you want them to be happy because some stockbroker is getting a second holiday in the Maldives this year?

Stupid arrogant fucks.

[–] [email protected] 35 points 11 months ago* (last edited 11 months ago) (4 children)

That's why they say "unemployment being too low is bad for the economy". Low unemployment means higher negotiating power for workers, which means higher wages and better working conditions. The only way that statement makes any sense is if they're exclusively talking about yacht money.

[–] [email protected] 7 points 11 months ago

But the rules of supply and demand should only apply to the consumer, not the producer.

[–] [email protected] 6 points 11 months ago

Don't even start on the wage-inflation-spiral idea. It's the workers' fault for wanting higher wages as it allows service-oriented business to charge higher prices, driving inflation.

While the theory probably has roots in real-world pricing algorithms (eg how much can we charge people in X region for Netflix) that rise in cost contributes to inflation figures. The fact that wages have been stagnant for decades undermines the whole argument.

"Well the poors can afford it and the shareholders will love it!" FFS

[–] [email protected] 3 points 11 months ago

Similarly, when they say NAIRU, you can and should mentally substitute "inexhaustible scab labour pool".

[–] [email protected] 3 points 11 months ago* (last edited 11 months ago)

Low unemployment means higher negotiating power for workers

Too bad all those "right to work" people have been actively fighting against negotiation powers for workers. But lets blame the 'yacht owners' and piss and moan about how they take advantage of the lopsided negotiation powers we voted in for them.

I know! We should put exclusively yacht owners in power! They'll totally fix it. /s

[–] [email protected] 22 points 11 months ago (2 children)

When people say they’re not happy about the economy, this is the shit they’re talking about, not statistics.

Ordinary people get fucked in this economy, and there isn’t any party that can do anything about it.

[–] [email protected] 19 points 11 months ago (1 children)
[–] [email protected] 6 points 11 months ago (1 children)

They’d like to do something about it. But they can’t get elected.

Unless there’s something else they’re planning.

[–] [email protected] 5 points 11 months ago (1 children)

'Murica had a chance in 2016 but the DNC decided "nah".

[–] [email protected] 0 points 11 months ago (1 children)

I’ll say it an umpteenth time: good fash/bad fash afab.

[–] [email protected] 9 points 11 months ago (3 children)

Bernie would have won, and the last 8 years would have been vastly different.

[–] [email protected] 6 points 11 months ago (1 children)

Al Gore ran and would have won but republicans stole that one. It’s more complex than “DNC is icky”

[–] [email protected] 5 points 11 months ago (2 children)

The DNC manipulated the vote between Clinton and Bernie so Clinton would win the nomination.

They're not "icky" ... they're manipulative assholes.

[–] [email protected] 6 points 11 months ago* (last edited 11 months ago) (3 children)

Except they didn’t manipulate the vote and you’re just quoting trump:

https://twitter.com/realDonaldTrump/status/926247543801044993?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fthehill.com%2Fblogs%2Fblog-briefing-room%2F358565-trump-dnc-tried-to-illegally-steal-primary-from-sanders

Best there was was a fundraising agreement that favored the established candidate, could have done better but that’s not manipulating the vote unless you’re an idiot.

Meanwhile Bernie’s caucuses with fascists? You sound like you have no grasp Of the world because anyone less than pure is a facist to you while actual fascist get voted in because of you ignorance and apathy.

Again Bernie endorses and caucuses with democrats. Because they rigged the vote? You realize how aligned he is with the dem party and works with their establishment. So he’s a fascist too?

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[–] [email protected] 4 points 11 months ago (1 children)
[–] [email protected] 1 points 11 months ago

But they’re Rainbow Fascists, so they’re better than Trump… right? Right??

[–] [email protected] 5 points 11 months ago (1 children)
[–] [email protected] 5 points 11 months ago (1 children)
[–] [email protected] 6 points 11 months ago

No worries. I have a hard time reading between the lines, myself.

[–] [email protected] 8 points 11 months ago (1 children)

Politics literally sets the rules. If you can get an elected majority you can certainly do something about it.

[–] [email protected] 4 points 11 months ago (2 children)

To fix things we would need one party to take over 153 separate branches of government.

[–] [email protected] 3 points 11 months ago
[–] [email protected] 1 points 11 months ago

What could possibly go wrong with a one-party state?

[–] [email protected] 4 points 11 months ago (2 children)

Not at all. You’re missing the forest for the trees lmao

The problem is that no matter how much inflation goes down, if the price gouging capitalists that own the grocery stores, the gas stations, and so on don’t stop.

It’s not about rich people’s yacht it’s about the American people being taken advantage of simply because they can. The economy is doing a lot better, record low unemployment for example is a huge metric here but what difference does that make when the grocery stores are selling less for more money?

You’re crying about rich people’s yachts when you should be crying about record price gouging without any cause. Those yachts don’t have impact on the average American’s QoL but price gouging absolutely does.

[–] [email protected] 9 points 11 months ago* (last edited 11 months ago)

When investors do better, nobody else does better. The whole system is based on harvesting wealth from society as a whole, and concentrating it in the top 1%. Ever hear of the Gini coefficient?

Yes, price-gouging companies jacking up their prices and paying fuckall in wages are the direct instrument of suffering. But they do so in order to provide yacht money for the investor class, and in so doing they impoverish literally everyone else.

[–] [email protected] -4 points 11 months ago

The uh... the yachts are payed for with price gouging my dude. 😕

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