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!
The line is definitely going up!
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.
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
This is bad messaging even though he probably has prevented some level of collapse. The trump tax cuts for the rich have lead to a lot of assets being hoovered up by all the surplus cash and the absolute ballooning of asset management companies. Until those things are fixed the economy will stay fucked
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
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.
And civil rights.
Plus sustainable technology.
And critical infrastructure.
Also climate change.
Taxing the wealthy.
Canceling student debt.
List the best action he has taken for each of these.
Civil rights - LGBTQ+ legal funding, protecting youth from conversion therapy, healthcare access, reversing Trump’s ban on trans military personnel, housing protections
Sustainable technology - “best” is hard among so many, probably the 65$ billion dollars inveatment for clean energy infrastructure in the US
Critical infrastructure - the largest investment in US infrastructure in US history, over a trillion dollars resulting in over 50000 new infrastructure projects.
Climate change - again, the “best” is tricky here…I guess either the hundreds of billions in green tech, clean energy, mass transit, rejoining climate accords, increasing regulations on polluters… You can choose any one of those.
Oh and taxing the wealthy. Biden succeeded in that too.
Healthcare - Biden limiting drug prices helps a ton of people. Also, trump pledged to get rid of the Affordable Care Act (Obamacare) and replace it with nothing. So… not ruining everything is also good.
See that’s the thing, Biden would be a better president than trump if he literally pledged to do nothing. Trump has pledged to make things worse, mostly for his own benefit.
That’s your choice: a shit sandwich or… not eating a shit sandwich. Tough one, I know.
You are weirdly angry that Biden helped a lot of vulnerable people through drug pricing regulation.
That’s what I’m saying. You’re agreeing with me.
Some of Biden’s other first-term achievements(listed directly above) have been incredibly helpful to hundreds of millions of people.
Weird that not eating a shit sandwich is a difficult decision for you, but maybe it explains why you don’t understand the previous comment.
Biden isn’t a better president compared to dumps, he literally invested more in infrastructure and clean technology and climate change than any other president.
Biden has made and is still making huge strides in civil rights.
He’s taxing the wealthy.
He’s making a lot of progressive strides.
You even agree with that in the first sentence, what do you think you’re arguing about?
You’re agreeing with me.
You even agree with that in the first sentence, what do you think you’re arguing about?
So why do you think I’m arguing with you?
I don’t.
You’re agreeing with me that biden is a good president, but incorrect that he’s only a good precedent relative to Trump.
You’re very confused. Do you have any questions?
…but you said they’re arguing with you, which is why they asked why you think they’re arguing with you.
As always, “economy” in a headline can be replaced with “rich people’s yacht money.”
What does “the economy” mean again? Is that just referencing the stock market which most Americans don’t care about because they don’t own stocks or have 401ks?
I mean, has anyone seen the prices of shit lately? It’s pretty fuckin insane. I can’t even imagine how most people make it work with kids and whatnot. Then again, all my working class friends that don’t have 401ks don’t actually vote anyway so maybe they just know their audience
Most americans (61%) invest in the stock market.
Source?
https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
https://www.wsj.com/finance/stocks/stocks-americans-own-most-ever-9f6fd963
Do you have a source for your assertion?
Fair enough, I guess I didn’t account for the pandemic’s impact on stock ownership. I should’ve said almost most Americans don’t own stocks. I mean, your own sources show it was just about half of Americans for a while until recently.
Also, I hate considering 401ks as part of that since it’s not like people have a choice there. it’s just a cop out to sell out the nation to corporations via tax cuts and reduced regulations. My main premise is moreso that the economy is great if you’re a corporation or have a good job/are ready to retire
401ks are both voluntary and allow a selection of investments, so what do you mean “it’s not like people have a choice there”?
Pension funds are also mostly invested in stocks, so anyone with a pension also does better.
Like, you are saying the existence of people who are having it tough means the economy isn’t improving, and circumscribing anyone who may be doing better. Of course the economy is bad for people with the worst situations - that’s a tautology. The question is, is the wide middle doing better? Are fewer people in that situation?
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.
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.
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
