politics

That's what happens when the economic wellbeing of a country is based upon numbers on computers instead of the actual wellbeing of its population. Fuck neoliberalism.

I suppose I'm happy for the economy. I mean, I'm glad it's doing better than ever, I guess, but I've got my own issues. Sorry if that sounds selfish, but it's just hard for me to get too excited for the economy when I'm stressed about my own situation.

That'll surely cancel out the impending fascism.

That’s because the economy is wholly disconnected from the real lives of working Americans. Aside from 401k, job gains could just be shifting around of people from job to job. If you are in the job market, it still feels grim. The cost of groceries, energy, housing, healthcare, schooling still remain high. And that’s what Americans really experience. A reduction in inflation doesn’t mean prices went down, it just means the increases slowed down by 2.7%. And the fact that democrats are completely incapable or unwilling to have this conversation, is why democrats continue to lose enthusiasm every time there’s an incumbent democrat election. Obama was an exception because of how skilled a politician he was and how weak the Republican opposition was at the time.

That's weird. I could have bought a house in 2014 but I can't afford it now despite making way more money.

Stronger for whom, exactly?

When the media or politicians report on 'the economy' they mean wealthy people's money in investment capital and financial instrument earnings, not wages or savings for the working class.

'Than Ever'

dude was a senator starting at 1972.

he's been an active participant in this

Sure, a massive disaster caused by trump et all fucking things up was recovered from. But that's not really Biden's doing, except in the most ephemeral of senses

Doesn't matter, when Trump wrecks the economy he will say that he inherited the worst economy ever from Biden.

"Empty suit makes grandiose empty statement."

What good is that when we couldn’t sentence the clown coming into office that is going to dismantle whatever gains we might make.

Fuck the economy when garland let trump go. That’s biden’s fault. I will always remember Biden for that.

Yeah, great, I'm so impressed. I'll quit one of my jobs. Thanks biden.

stronger than it was post obama but not strongest ever. heck that is just going to be harder and harder to do as time goes by.

Fucking asshole.

Your climate policy is why LA is burning and will continue to burn. Nice carbon extraction economy you've kept there, Joe.

Also your military industrial economy is supporting a genocide. Great economy, Joe.

He's living in a separate economy 🙄 it's no wonder the Dems lost.

There's also a part of this that could, if you were naive, be solved with time. My job gave me a solid raise last year, 4.9%. Assuming four years of Harris status quo could get inflation down to ~2.5%, and assuming I can maintain similar raises each year, I'd likely recover from the pandemic within the next four years. Inflation is a necessary evil, but when managed over time, it isn't a big issue. Should work for everyone right, stupid Trumpies just don't understand long-term economics!

Except it ignores that corporations are colluding in duopolies across many industries to steadily raise their prices above inflation to maintain profit growth. It ignores that landlords are treating maximum rent hikes as the expectation rather than the exception. It ignores that climate change is globally impacting our supply lines for food.

Inflation being healthy doesn't mean a damn thing when unchecked capitalism is left rampant. The Biden administration, to their credit, did weakly try to fight corporate interests. However, they did nothing to fight the fully captured Supreme Court, which made Biden's efforts so pitiful they resemble a controlled opposition.

In this theead: A whole lot of people who don't understand that deflation is awful.