The Atlantic would have you know that the US has the strongest economy the United States has ever experienced. ๐
The Atlantic would have you know that the US has the strongest economy the United States has ever experienced. ๐
"Joe Biden is, at the moment, losing his reelection campaign. And he is doing so while presiding over the strongest economy the United States has ever experienced," @AnnieLowrey writes:
these articles usually make sense if you globally replace "economy" with "corporate profits", but profits have definitely been higher before
I think it's literally just stonks line go up
apparently an asset bubble is the same thing as a strong economy
Joe Biden is, at the moment, losing his reelection campaign. And he is doing so while presiding over the strongest economy the United States has ever experienced.
Why is the link between the economy and political sentiment fraying?
ctrl f genocide, Gaza, Israel, Palestine, war - 0 results. Gee I wonder why Biden is doing so bad in the polls
I think the focus on the economy is correct -- far more people care about that then Palestine -- but the problem is conflating the stock market with how ordinary people experience the economy.
Also an over reliance on data from averages which basically buries the truth that most people aren't seeing any benefit from anything. They continue to trot out wage growth being high but never seem to cite the data that proves it. Because it's damning, with it overwhelming coming from rich wage earners commanding higher wages while poor working class continue to not see any gains at all unless they have a union, in which case Biden is not given credit because he didn't do shit, the workers did that for themselves and Biden wants credit for workers striking while Biden offer striking workers contempt at best for daring to slow down his economy.
I've heard this liberal line, too. It's "the economy is doing great and inflation has slowed down to really record lows!" and you point out that bread and milk are still like 2x or more than they were 4 years ago and the response is, "well yeah food, housing, power, and education are still inflated" well what do you think people really need in life? Nobody gives a shit if the iPad x279 is still the same release price as the iPad x278. We need to eat, be sheltered, have heating, and send our kids to school.
guess where Jeffrey Goldberg, who runs The Atlantic, used to be a prison guard https://www.huffpost.com/entry/the-evolution-of-jeff-gol_b_562212
And the economy fucking sucks
Iโm not fucking reading that but I can tell you right now thatโs not fucking true, that would be the post-war era where the US was the only country whose industrial capacity wasnโt completely annihilated
it's true for the top 15% or so, and that's what really matters
Also Canada which went from a serious up and comer to a backwater laughing stock
Great, thanks, so when does that economy help us pay our bills?
There have never been more dollars than ever at this very moment, therefore it is the largest and strongest economy ever. I am an economist.
The "economy" in question:
Meanwhile salaries are stagnant ๐
the government works in the interest of the people that it represents
"This rock in my hand is named The Economy, and The Economy is strong! Why do you fools not respect The Economy? How do people keep getting basic details about The Economy wrong?"
My economy is so strong!! It could beat up your dad!
This is the logical conclusion of seeing raw GDP per capita as the most important metric.
They have no choice but to double down at this point.
poor people are just paid crisis actors and yelling "NUH UH" in response to their lived experience will make them vote for Hitler
For me to poop on!
this is why we need infinity percent tariffs on all chinese tech exports
If only Biden could do the same thing literally Nixon did and institute some price controls
mentioned it in an interview a month or 2 ago but it's always good to have a real source I can link to