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The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad

www.cnn.com The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad | CNN Politics

By many metrics, the US economy is humming along. The jobs market is robust; consumers are spending again; and inflation has eased to a three-year low.

The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad | CNN Politics
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  • If you think the IRA comes even close to touching the 75% taxed income of the highest earners of the New Deal, you’ve been brainwashed. Also, as far as I understand IRA was mainly the push for subsidizing more green energy production, not actually fighting inflation. And that also falls flat because biden has been approving more oil drilling than trump as well as the US now being the worlds largest exporter of liquified natural gas (diet fossil fuels), surpassing Australia and Qatar.

    “Well what’s your plan??” as if exploiting everyone we can is the only possible option. Do you also ask starving people how they would combat world hunger? Do you ask homeless people how they would combat the housing crisis? Go gather some empathy and realize that your comfort comes at the cost of others. How much are you willing to fight for a system that says it’s okay if “the undesirable” dies, so long as the voting population are comfortable?

    • The IRA, like the New Deal, is a massive spending program aimed at economic recovery. It doesn't really matter to me whether it's funded by increased personal income tax (New Deal) or increased corporate income tax (IRA). It will also double the rate at which the US reduces its CO2 emissions and is highly praised by climate scientists.

      US oil production has increased, but that is of less concern because CO2 emissions targets will not be achieved by artificially limiting oil supply. They will be achieved by reducing oil demand, which means replacing cars with EVs and power plants with renewables and nuclear. The goal is not to make oil scarce, the goal is to make oil worthless.

      And yes, if someone thinks we need to do more about the hungry or homeless then I ask what their plan is. There are many good plans out there. If someone thinks those plans will fail but cannot offer a better one of their own, then that amounts to defeatism which I think is part of the problem.

      • Incentivizing companies to convert to green energy rather than punishing companies who poison our planet shouldn’t be praised. Yet again, tax payers are “bailing out” companies that introduce life threatening issues to our world caused by metastasized capitalism.

        And I fully understand than any bumps in our energy production along a transition cause hundreds of thousands of people to die. It’s a big deal and requires a steady hand. That isn’t lost on me. But people are currently dying and enslaved to keep this system propped up, and that can’t be ignored. Treating our abusers with kid gloves when it comes to punishment isn’t something I’m going to celebrate. We somehow got VW to fund Electrify America due to their emissions scandal, but the issue is that polluting the world within the legal parameters is fine. It means we need to keep tightening parameters until every single mega corporation is paying for a functional and emergent technology for society to help reverse the harm they’ve caused.

        If we’re going to keep going with this failed and exploitative system, we’ve got to create better standards of living for everyone. That means everyone has the ability to live a dignified life in a house they could afford with no food or job or healthcare insecurity. We’ve got to remove the legal act of prison to table labor. We’ve got to stop trading with countries and companies that use slave labor or labor under a living wage. We've got to ban for-profit prisons and for-profit public services. We've got to hold companies accountable in a real way. We've got to stop instigating insurrection across the world so we can sell weapons of war. We've got to stop funding genocides. We've got to bar lobbying from being legal. These are non-negotiable. If our politicians continue to side with our abusers and continue to be okay with murder, so long as it takes 20 years for the murder to reach its end, we do what America was founded on- revolution.

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