Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
Gas prices are down. General cost of living is stabilized. Unemployment is extremely low and the percentage of eligible workers on the sidelines is dropping. Wages are up for the lowest income levels and continue to climb despite slowing inflation. Black households, in particular, have seen a significant narrowing of the income gap, more so than they’ve seen in many many years. The percentage of women in the workforce is up and salaries are climbing for them as well. In fact, the post-COVID recovery has been wildly successful when you compare it to post-2008 with respect to the improvements for the poorest among us, which is precisely the opposite of what you’re claiming.
Yours is purely an appeal to anecdote. The data is clear. Unfortunately, as study after study has shown, data can’t compete with vibes, and we just spent the last two years with the MSM (not to mention social media…) telling everyone a recession was around the corner.
Housing costs are sky-high. Rent is ridiculous. Good luck ever trying to own a house. And yeah, cost of living went way way up and now it’s “stabilized” there.
And to say wages are up is just laughable. I mean, yeah people are now being paid $15 an hour instead of $10, but what does that matter when food and housing costs increased more than that?
The data is skewed by the people that benefited from raising the price of everything during COVID-19 and then never brought the prices down.
The rich are richer and they are the measuring stick for the economy because they own all the news sources. It is dramatically worse for the poor now than it was 5 years ago.
Don’t let bullshit propaganda fool you.
I feel like this CONSTANTLY happens and people just eat it. Prices skyrocket. Then they stop rising or maybe even dip a little but still remain way higher than they originally were and… Problem solved! It’s stabilized! In fact prices are DROPPING! huzzah!
Makes me wonder if people are really this easily fooled or are they all just being ignored? Lol
Literally yes. Prices go up, wages go up, that’s a healthy economy. Take an economics class.
If prices ever start broadly going down, prepare for a massive economic ass fucking the likes of which you’ve never seen and clearly can’t imagine.
Line go up is just a cult, nothing else.
Ideally the economy is just something you need to plan, to stay stable and anticipate environmental and population concerns. It shouldn’t need to go up or down to maintain production.
This “homelessness goes up but so does GDP so it’s okay” shit is unworkable, cruel and unsustainable and only benefits bezos et al
Christ alive you have no idea what you’re talking about. Have you ever studied economics? At all? Or are you just posting your fee fees?
Would you go into a hospital and start lecturing doctors on how their practice is bullshit? Sure, there are probably a lot of things that could be improved, but you don’t have the knowledge to speak about them. Take some courses, then come back and speak from an informed perspective.
“Planned economy” is a 12 year old’s idea of how things should be.
You might want to tell that to Walmart:
https://youtu.be/xuBrGaVhjcI
I don’t watch youtube videos linked by people arguing in favor of something dumb. It’s a good way to waste my time and ruin my algorithm.
Don’t let the door hit you on the way out sweetie