Trump voters when reading this article:
I guess they really wanted a recession so they are going to get one.
This does a good job of pointing out how the economic models that show things are going well are outdated and inaccurate.
All the folks who claimed that statistics should be enough to convince people the economy is good should read it to see how wrong they are.
The economy being strong was only ever a commentary on the foundation. The economy is stable and people are still struggling, which is what Biden has said.
Even that’s a terrible argument. If the economy is stable and people are still struggling then the economy isn’t working for normal people, and normal people will want it to change.
Terrible argument for what?
Avoiding a recession was a good thing. But that doesn’t mean that there aren’t still problems. Sorry if you’d be happier with a job market crash or a housing market crash. But that would be even worse for people.
And the economy doesn’t just change overnight. Trump inherited a strong economy and over his term lined us up for a serious recession. Biden inherited that economy and mitigated that damage. It’s like Trump was driving us straight toward a cliff, Biden swerved to avoid plummeting to our death, and now people are mad that we’ve spun out on the shoulder.
Whatever happened to the Misery Index? We need to maybe start up an American Happiness Index because international things (like the OECD better life index) are not trusted by the magabrainz and so we’ll have to stamp something highly performative of their identity politics on it…
Democrats need to understand that due to our complete shit education, most Americans don’t understand how a budget works much less the nuance of economic indicators.
It shouldn’t have been hard to understand that all of the median income earners did get a wage increase of did not keep up with the massive inflation cause by Trump’s botched response and price gouging and talk to it directly.
I know we made fun of VP elect couch fucker when he made that video of egg prices but again, Americans aren’t bright or observant. They just got told that eggs are four bucks a dozen, most Americans will latch on and remember that yeah, egg prices were high so that means they’re high right now, despite just having been at the store earlier in the week. Democrat should have been heavily pushing back on that, but they didn’t. The lie is now truth.
He was mocked because the prices were literally visible behind him in the video, contradicting him
FTA:
…for at least 20 million U.S. households, there is good cause for disillusionment. The method the federal government uses to calculate real incomes tends to capture the economic realities of higher-income people better than those of working-class and middle-class Americans.
This is so obvious for anyone living paycheck-to-paycheck and it’s infuriating to hear the “experts” drone on about how great things are (for them).
While I don’t disagree that the BLS has some issues with calculations they tend to just lump everyone in the overall report, they do provide a breakdown of non-supervisor wages.
https://data.bls.gov/timeseries/CES0500000030
Wages increase by 17% across for rank and file.
Another study from last year that looked at a breakdown from that and found low wage workers wages increased by 12%
https://www.epi.org/publication/swa-wages-2023/
But again, when inflation, everyday Americans don’t feel like they’re actually making headway, which I can understand because I’ve been there growing up and Democrats need to be a lot move vocal about that and talk to the working American about that
Biden has had nearly 4 years to fix this and did nothing that’s changed our material conditions. All while telling us we are not struggling.
Let’s see, not the biggest fan of Biden or Democrats but you’ve got to be a completely dense to say something like that.
Biden economy increased wages for rank and file by 17%, he’s helped get unions back up of the ground, he’s helped get a shit ton of American manufacturing jobs including getting Taiwan to build a American chip fab going, he and his admin got inflation down without a recession, he got climate change initiative going.
If you’re still bitching about egg prices, well have I got bird flu for you.
Did he do everything that progressives wanted, no and of course that is annoying. Was Harris time deaf when she answered the “I wouldn’t have done anything differently” when asked about the economy, yes. But to say nothing has changed is complete bullshit and not grounded in reality and you really need live in actual reality.
Edit: just to reemphasize, Democrats suck ass at messaging and publicly and vocally having the workers back.
“Economists argue that Republican nostalgia for the economy under Trump’s first term is largely misguided (https://apnews.com/article/trump-economy-biden-election-president-e3a153c9b0c615ea6e0f2afb91cdc785). However, the GOP’s pessimism over current economic conditions resonated with voters.” (who were wrong, and will suffer from #47’s policies economically and in many other ways - I hope I’m wrong)
Historically the economy fairs better under democrats than repubs. I’ll be happily surprised if this is not the case. And, like so may others I’m looking for ways to spend money between now and Jan 17, in the hopes that I won’t have to spend as much when the tariffs raise the price of things. Hmm, what will I need to spend money on now, so I don’t have to spend any for the next 4-6, or more, years. smh.
