politics

Maybe it’s that the “US economy” and it’s metrics are severely detached from the American people. Unless we’re still on this corporations are people too bullshit

Because most Americans can’t afford to loose a week of pay?

Because it’s a zero-sum game and most Americans are losing so rich fucks can have their “good economy”.

Biden is so fucking out of touch it’s embarrassing.

#1 Rent and housing - costs of housing are unsustainable

#2 Affordable transit - prices and sizes of cars are unsustainable

#3 All other cost of living - people buying groceries on emergency funds

Nearly all of this can be pointed at a number of big business cartel-like behavior: Air BNB, Price Fixing, Layoffs, Inexplicably high corporate profits, fraud and abusive behavior by individuals and businesses.

Fund the welfare state for god's sake.

prices went up, my wages didnt.

Also I'm medically not doing well but I dont make enough money to qualify for financial help with health insurance

"The US economy" means "the flow of money for the rich minority of people" that's why. I work at least 50 hours a week and still can't make ends meet because my partner is severely underemployed by a corporation who won't schedule her enough hours for the amount of work she's expected to do, she doesn't have adequate health insurance, I'm watching it destroy her body before my fucking eyes exactly the same way her mother died before her and am stuck at my own shitty job figuring out what the fuck I'm gonna do about it if and the worst comes to pass.

Fuck this economy, burn it to the ground

IIRC about 2/3rds of americans are living paycheck to paycheck. That is not an economy that is working for the people.

We need dramatic overhauls that Biden, and especially Trump will never deliver. We need employee ownership of companies for starters.

Because his economists aren't treating income & wealth disparity as indicators of economic health.

“But for all we’ve done to bring prices down, there are still too many corporations in America ripping people off. Price gouging, junk feeds, greedflation, shrinkflation,” Biden added. “America – we’re tired of being played for suckers!”

The headline makes it sound like he doesn't know what's going on. It's rather that he is leveling an accusation and makes the media cover this. But even then this CNN article does it's best to not cover root causes.

Because the US economy isn't doing well. The metrics that lead to that statement are wholly and completely disconnected from the American people who, except for a very, very select few, are not rich shareholders and really don't care how the S&P is doing if their pockets are constantly empty.

Rents are systematically high. Wages are systematically low. There is no end in sight. It's disconcerting that someone elected to represent me doesn't see that.

Doing well for who? His campaign donors? I'm still going to vote for him because the alternative is worse, but all this talk about how well the economy is supposedly doing seems horribly out of touch.

Edit: I really should read the article or at least pay more attention to what website the article is on.

If he were to do something about corporations or hell even individuals owning multiple rental properties and essentially using software as a virtual oligopoly to systemically raise the cost of living maybe us normal people would notice. Or maybe do something about greedflation sucking every last dime from us.

I make 80% more than I did 20 years ago and I feel poorer now than I did then.

What an asshole headline. CNN has become FOX 2

The jobs market is robust

Which is why every big corp is doing layoffs right now, with hire freezes, wage increase freezes, and shoddy layoff schemes designed to avoid having to pay unemployment.

Even ignoring all the insane foreign policy and fake as hell local policy that will never see the light of day much like the Obama administration, exactly what metric are these fools using to evaluate the economy?

Because if it's the Federal Reserve, then of course those banking moguls are having a hell of a time.

Well, over the last four years I've only received a 3-4% annual raise. This means that, because of inflation, I've seen an effective pay cut of ~10%. Meanwhile the CEO of the company I work for just bought his third condo/apartment (or whatever) overlooking Manhattan's Central Park while full on doubling his take-home in 2022. That'd be a huge reason as to why I feel like shit Uncle Joe. Not like Trump and the Republicans would make things any better or do anything about it... they're more on the billionaire take than the Democrats only plus the GOP apparently is just openly talking about wanting to overthrow the government. I'll hold my nose once again to vote for a Democrat, but they've seriously got to pull their heads out of their asses.

The stock market is a measure of how much wealth has been taken from workers.

Because prices are still jacked up from inflation? Seems like they go up but never come back down?

Gee, ya think?

How is the economy doing well when the majority of people are broke?

Because rent is $2000/month and most places require proof that you make 3 times that amount.

I've never met any motherfucker that makes $6k a month, Joe. Most of us are living paycheck to paycheck.

It's getting increasingly more difficult to give a shit about the social contract when people like Elon Musk have all the fucking money and the rest of us would starve if we got sick.

Fuck.

shareholders raking in more money

Prices are still ass for the average American expenses

"The economy is doing great why you feel bad?"

EDIT: This is actually the media screwing us over here, Biden actually touches on why, bad headline

because my rent got raised over $1200 in the past two years

Let's see this fucker live on minimum wage and try to afford an apartment.

Because COVID let everyone see what live would be like without having to work shitty jobs, and Biden got everyone back to those shitty jobs. It is like that Greek myth of the person in hell that is surrounded by undrinkable water that gets a drip of water on his tongue as mercy, only to have that memory be even more tourturios.

Well. It's almost like wages haven't kept up with inflation for decades and this last sprint broke something. Just because we're not seeing 20% food price inflation now does not mean the prices magically dropped. They're still high, and wages still aren't enough to make up that difference.

A good job market is great news because you need 3 jobs just to have a place to live.

We need a new New Deal.

It's not working for the middle class. It's working for another class.

Let’s see… how much do I pay for in Health insurance each month? How much do houses cost now? How much am I paying in taxes?

Because the wealth gap still grows.

It’s not rocket science Joe.

Hmm , in 2020 the interest rates for buying a house was around 3.1%, now it's around 6.8%. When we're pricing people out of the ability to afford housing (interest rates going up affects rent prices too, who knew) people will be rather upset... especially given that they see little to no benefit from this "good economy" given the layoffs in certain sectors, the gas prices being over 9000, and not one, but two wars abroad where at least one of the parties in each is perfectly fine targeting civilians.

But hey, at least Google and Amazon are raking in the profits, I guess.

My spending on groceries has almost doubled. I went from being ok to barely making it. It's great.