The fuck metric are they using for the economy??? The billionaires wealth increase? The stock market? Because I can’t afford my rent or to feed my fucking family. Fuck off with your bullshit.
I don’t blame Biden for it, I blame the orange man. But the economy isn’t an exclamation point that should be used for the average person. The economy fucking sucks. EVERYONE HAS JOBS!!! … Yeah… they have 3 of them… start looking at the purchasing power of that money, not just the dollar amount.
This! This! This!
Anyone who can afford to invest seems to be doing fine and everyone else is screwed. Rent, bills and the cost of food are out of control.
The weird part is people think the president caused any of that or has the ability to fix it.
Why did Biden say he already fixed the economy then?
He is a politician running for reelection in a tight race. He’s going to claim credit for anything good that happened during his term that voters might possibly believe.
That’s not even meant as a criticism; it’s just how the game is played.
You can’t claim credit for something you couldn’t help fix.
Politicians claim all sorts of things that have, at best tenuous connections to reality.
We shouldn’t accept the claim that Biden fixed the economy, nor Trump’s claim that Biden broke the economy, nor either of their claims that they’re going to fix it next term.
So Biden’s a lying dog-faced pony soldier.
61% of adults in the US invest - not 1 or 2%.
Prices on food have been decreasing, and mostly were a result of supermarket chains dialing their profit margin up - look at Kroger and Publix’ YoY profit margin numbers.
Housing prices are currently seeing downward pressure. The zero interest rate is what blew up the bubble - and we’re now seeing the effects of correcting it back to a normal rate.
The top 10% own 93% of all stocks. The working class has pennies compared to them.
Yeah, they own 93% of everything. That’s irrelevant to whether people in the middle class are seeing a better economy. And, which president has helped improve that figure, and which has not?
People are not seeing a better economy, they can see past the gaslighting coming from our government, and gaslighting doesn’t pay the bills
Wages are up, and inflation is down. The economy isn’t roaring, but it’s a hell of a lot more stable than what Biden was handed in 2020. The examples you are offering, while certainly valid for the folks in your community, are anecdotal. The facts are in the data. This country is too big to determine its overall economic health with a localized eye check. Lots of folks are struggling. Lots of folks are also thriving.
Yeah white suburbanites are doing better, rise in fascism often does that for them.
Where are you even getting that from? Economics isn’t a matter of opinion. Wages are, in fact, up, and inflation has been easing. This isn’t about fascism or race. This has been an across the board trend since 2021. Things are far from perfect, but they are improving.
Wages are, in fact, up
Going from an unlivable wage to another slightly higher unlivable wage is not progress.
Wages are going up relative to inflation. That’s literal growth and progress. No one is arguing that people aren’t struggling. Has there ever been a time in US history when people weren’t?
Inflation still outpaced wages
The line is definitely going up!
The same economy that’s reliant on sucking the working class dry of every last cent?
That’s how you know the capitalism is working!
Removed by mod
By ‘economy’ they always mean how well the rich are doing. WE are struggling, and the constant gaslighting that everything is ok tells us our cries for help are going unheard.
I don’t give a shit about the economy. I’ve been broke through boom and bust. I care about the safety, freedom, and happiness of those I love. The centrists of the democratic party like this bag o bones are doing nothing about that.
I thought the line that matters was stopping fascism. It’s their whole platform.
Judging from the last 4 years, I wouldn’t say it’s going well
and the slowest annual gain in prices since March 2021.
Its shit like this, dont tout this like a victory, i cant afford electricity right now
The recession started to emerge in 2019. You don’t turn a large ship around on a dime. There are more jobs, wages are up and inflation is down. What do you expect?
My wages havent been touched and inflation is staggeringly up.
Note the complete absence of any mention of housing prices in this article (and every other pro-Biden article about how great the economy is and why we should be grateful).
Please explain to me how Biden can control housing prices.
Ban corporations from owning housing.
Didn’t we change the rules for realtors to reduce their commissions?
Drop in the bucket, the issue is with zoning and how banks are apportioning debt and packaging home loans.
If we want home ownership to be available to the common person, and are unwilling to set a realistic national wage, we should just allow the Fed to issue home loans again and get rid of the middlemen all together.
Respectfully, two things:
- Biden has done something to reduce housing prices, which was my point. It’s a whole different argument to say he hasn’t done enough or has done the wrong things - fine, I was just saying it’s unfair to say he has done nothing to help.
- Zoning and loan structure isn’t nearly the problem that wealth inequality is. Tax the fuck out of the upper income brackets, and put it in the hands of consumers to spend and drive the economy and buy fucking houses.
Hey, thanks for the respectful reply. I apologize for the delay in mine.
I believe we’re saying pretty much the same thing. Banks being able to set rates based on debt and the nebulous policy of a credit score, feed into wealth inequality, especially as to how it relates to home ownership.
Yes you are absolutely correct that the one main problem in the US today is wealth inequality. There is no arguing that. However, likely policy that has historical reference would be bringing back something akin to the Fannie Mae of the 1930’s but instead of paying the the Banks to service the loan, the Fed would take on the debt itself and would escrow the sale between the home owner and the home buyer.
The reason I bring up the Great Depression is because as you’ve pointed out, the wealth inequality gap is growing, at a similar rate as to what led to the Great Depression. Unregulated securities are being traded by common folk and there’s a looming sea change as to what employment will look like.
Unfortunately for us both, we live in interesting times.
We are not in a recession and economic growth is positive?
When did the federal minimum wage go up?
Did workers get more rights?
When did food prices go down?
Did housing costs get cheaper?
Has a sustainable and more affordable energy source been found to lower power bills?
Are the costs of healthcare something he solved?
How did he fix transportation costs?
wow did not know we were living in the Golden Age of Biden
good thing propaganda articles like this are around keep us in the know
Hail Biden and Vote BLUE!
In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws.[4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional.[5] In 1938, the Fair Labor Standards Act established it at 25¢ an hour ($5.41 in 2023).[6] Its purchasing power peaked in 1968, at $1.60 ($14.00 in 2023)[6][7][8] In 2009, it was increased to $7.25 per hour, and has not been increased since.[9]
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
if people are unable to afford things the economy is not good and neither Trump nor Biden in their four years did anything to help the citizens notably minimum wage
