this post was submitted on 23 May 2024

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The economy is thriving under Biden. So why don’t Americans believe it? (www.dailykos.com)

submitted 3 months ago by return2ozma@lemmy.world to c/politics@lemmy.world

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[–] Paragone@lemmy.world -1 points 3 months ago (1 children)

The right is circulating a pair of graphs,

1 is showing the average ( skewed, of course, by the richest ) income, for the time in Trump's presidency,

vs the time in Biden's

the other is showing the same 2 graphs, but adjusted for inflation .. and it's significantly worse in Biden's presidency.

( I hold that the real disinformation is pretending that income-vs-cost-of-living somehow tracks economic policy realtime .. there's a delay, for some effects that delay is years, like Milei's eradicating of the Ministry of Education "for the economy" is a bullet-in-the-head for future advanced-economy participation, but .. this pair of graphs does highlight a significant fact:

you cannot ignore inflation when claiming that the wealth of the average person is better, because wealth is only in relation to costs.

Period. )

[–] Shardikprime@lemmy.world 1 points 3 months ago (1 children)

But milei hasn't eradicated the ministry of education. Why do you spread misinformation?

[–] jordanlund@lemmy.world 1 points 3 months ago (1 children)

https://www.as-coa.org/articles/explainer-whos-who-javier-mileis-cabinet

"Milei’s cabinet is smaller than usual, fulfilling his pledge to shrink the number of ministries. There were 18 ministries; now there are nine. The ministries of education; labor, employment, and social security; and social development are all now the ministry of human capital."

I would call downsizing it to the point of irrelevancy and combining it with 4 other ministries under a new name does constitute eradication.

[–] Shardikprime@lemmy.world 0 points 3 months ago (1 children)

Being absorbed by another ministry does not by any means implies that it has been ERADICATED. At most it became a secretary or sub secretary, but not gone.

You are spreading misinformation

[–] jordanlund@lemmy.world 1 points 3 months ago* (last edited 3 months ago)

It's not simply that it was absorbed by another ministry. 5 unrelated ministries were gutted and combined into an ineffective mishmash, incapable of doing any of the duties previously required.

Here's your second source:

https://www.theartnewspaper.com/2023/12/15/javier-milei-does-away-argentina-culture-ministry

"Several other ministries were downsized and recombined into new entities. The Ministry of Social Development, Ministry of Education and Ministry of Labour, Employment and Social Security will be pared down into a newly formed Ministry of Human Capital, headed by the former TV producer Sandra Pettovello."

And, yeah, putting a TV producer in charge of what used to be 5 governmental ministries? Seriously?

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