• Guy_Fieris_Hair@lemmy.world
    link
    fedilink
    arrow-up
    110
    arrow-down
    13
    ·
    3 months ago

    The fuck metric are they using for the economy??? The billionaires wealth increase? The stock market? Because I can’t afford my rent or to feed my fucking family. Fuck off with your bullshit.

    I don’t blame Biden for it, I blame the orange man. But the economy isn’t an exclamation point that should be used for the average person. The economy fucking sucks. EVERYONE HAS JOBS!!! … Yeah… they have 3 of them… start looking at the purchasing power of that money, not just the dollar amount.

    • Lavitz@lemmings.world
      link
      fedilink
      arrow-up
      35
      arrow-down
      4
      ·
      3 months ago

      This! This! This!

      Anyone who can afford to invest seems to be doing fine and everyone else is screwed. Rent, bills and the cost of food are out of control.

      • Zak@lemmy.world
        link
        fedilink
        arrow-up
        9
        arrow-down
        2
        ·
        3 months ago

        The weird part is people think the president caused any of that or has the ability to fix it.

          • Zak@lemmy.world
            link
            fedilink
            arrow-up
            3
            ·
            3 months ago

            He is a politician running for reelection in a tight race. He’s going to claim credit for anything good that happened during his term that voters might possibly believe.

            That’s not even meant as a criticism; it’s just how the game is played.

              • Zak@lemmy.world
                link
                fedilink
                arrow-up
                1
                ·
                edit-2
                3 months ago

                Politicians claim all sorts of things that have, at best tenuous connections to reality.

                We shouldn’t accept the claim that Biden fixed the economy, nor Trump’s claim that Biden broke the economy, nor either of their claims that they’re going to fix it next term.

        • Lavitz@lemmings.world
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          3 months ago

          There’s this thing presidential candidates run called a campaign and in this campaign they lay out their economic policies.

          • Zak@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            3 months ago

            Presidential candidates certainly say things about the economic policies they’d like to see enacted, but most of the actual policy making is up to congress, and monetary policy is the domain of the Federal Reserve.

            Factors which no part of the US government has direct control over often have a bigger impact than those that it does, from plagues to wars on other continents to business conditions.

              • Zak@lemmy.world
                link
                fedilink
                arrow-up
                1
                ·
                3 months ago

                I do. I also know that Trump nominated Chairman Powell to his first term, and Biden nominated him to his second. Seems they agree on something.

                That’s not even unusual; four out of the past five Fed chairs were nominated by at least two presidents from different parties.

                • Lavitz@lemmings.world
                  link
                  fedilink
                  arrow-up
                  1
                  ·
                  3 months ago

                  So we agree the president can make a significant change to the federal reserve which you said is involved in monetary policy. Which means…

      • aubeynarf@lemmynsfw.com
        link
        fedilink
        arrow-up
        6
        arrow-down
        6
        ·
        edit-2
        3 months ago

        61% of adults in the US invest - not 1 or 2%.

        Prices on food have been decreasing, and mostly were a result of supermarket chains dialing their profit margin up - look at Kroger and Publix’ YoY profit margin numbers.

        Housing prices are currently seeing downward pressure. The zero interest rate is what blew up the bubble - and we’re now seeing the effects of correcting it back to a normal rate.

    • EnderWiggin@lemmy.world
      link
      fedilink
      arrow-up
      15
      arrow-down
      20
      ·
      edit-2
      3 months ago

      Wages are up, and inflation is down. The economy isn’t roaring, but it’s a hell of a lot more stable than what Biden was handed in 2020. The examples you are offering, while certainly valid for the folks in your community, are anecdotal. The facts are in the data. This country is too big to determine its overall economic health with a localized eye check. Lots of folks are struggling. Lots of folks are also thriving.

  • Varyk@sh.itjust.works
    link
    fedilink
    arrow-up
    87
    arrow-down
    11
    ·
    edit-2
    3 months ago

    And civil rights.

    Plus sustainable technology.

    And critical infrastructure.

    Also climate change.

    Taxing the wealthy.

      • Varyk@sh.itjust.works
        link
        fedilink
        arrow-up
        26
        arrow-down
        2
        ·
        edit-2
        3 months ago

        Oh, geez, that one is huge. Great point.

        160 billion in student debt cancelled.

        • conditional_soup@lemm.ee
          link
          fedilink
          arrow-up
          6
          arrow-down
          17
          ·
          edit-2
          3 months ago

          160 million? Th… That’s it? I mean, that’s cool, it’s not nothing, but the top Google search stat shows that US citizens owe a collective 1.77 trillion in student debt.

          He cancelled (1.6x10^8 / 1.77x10^12) 0.00009% of student debt. That’s like… A homeopathic cancellation.

              • Billiam@lemmy.world
                link
                fedilink
                arrow-up
                17
                ·
                3 months ago

                It should also be remembered that he’s tried to cancel more than that, but the assholes on SCOTUS have ruled multiple times that he doesn’t have the authority.

                Of course, that was also before they ruled the President is immune from any “official” acts, so who know what Biden might do before November.

              • Varyk@sh.itjust.works
                link
                fedilink
                arrow-up
                3
                ·
                3 months ago

                Sure thing, that was my typing mistake earlier, thanks for bringing it up.

                1 percent is a rounding error, but wiping away 10%, 160 billion, despite the conservatives stopping him from erasing 400 billion recently is pretty impressive.

      • Varyk@sh.itjust.works
        link
        fedilink
        arrow-up
        39
        arrow-down
        3
        ·
        3 months ago

        Civil rights - LGBTQ+ legal funding, protecting youth from conversion therapy, healthcare access, reversing Trump’s ban on trans military personnel, housing protections

        Sustainable technology - “best” is hard among so many, probably the 65$ billion dollars inveatment for clean energy infrastructure in the US

        Critical infrastructure - the largest investment in US infrastructure in US history, over a trillion dollars resulting in over 50000 new infrastructure projects.

        Climate change - again, the “best” is tricky here…I guess either the hundreds of billions in green tech, clean energy, mass transit, rejoining climate accords, increasing regulations on polluters… You can choose any one of those.

        Oh and taxing the wealthy. Biden succeeded in that too.

        • KevonLooney@lemm.ee
          link
          fedilink
          arrow-up
          31
          arrow-down
          2
          ·
          3 months ago

          Healthcare - Biden limiting drug prices helps a ton of people. Also, trump pledged to get rid of the Affordable Care Act (Obamacare) and replace it with nothing. So… not ruining everything is also good.

          See that’s the thing, Biden would be a better president than trump if he literally pledged to do nothing. Trump has pledged to make things worse, mostly for his own benefit.

          That’s your choice: a shit sandwich or… not eating a shit sandwich. Tough one, I know.

          • Varyk@sh.itjust.works
            link
            fedilink
            arrow-up
            2
            arrow-down
            23
            ·
            3 months ago

            You are weirdly angry that Biden helped a lot of vulnerable people through drug pricing regulation.

            That’s what I’m saying. You’re agreeing with me.

            Some of Biden’s other first-term achievements(listed directly above) have been incredibly helpful to hundreds of millions of people.

            Weird that not eating a shit sandwich is a difficult decision for you, but maybe it explains why you don’t understand the previous comment.

            Biden isn’t a better president compared to dumps, he literally invested more in infrastructure and clean technology and climate change than any other president.

            Biden has made and is still making huge strides in civil rights.

            He’s taxing the wealthy.

            He’s making a lot of progressive strides.

            You even agree with that in the first sentence, what do you think you’re arguing about?

            • KevonLooney@lemm.ee
              link
              fedilink
              arrow-up
              21
              arrow-down
              1
              ·
              3 months ago

              You’re agreeing with me.

              You even agree with that in the first sentence, what do you think you’re arguing about?

              So why do you think I’m arguing with you?

              • Varyk@sh.itjust.works
                link
                fedilink
                arrow-up
                1
                arrow-down
                18
                ·
                3 months ago

                I don’t.

                You’re agreeing with me that biden is a good president, but incorrect that he’s only a good precedent relative to Trump.

                You’re very confused. Do you have any questions?

                • ripcord@lemmy.world
                  link
                  fedilink
                  arrow-up
                  7
                  ·
                  3 months ago

                  …but you said they’re arguing with you, which is why they asked why you think they’re arguing with you.

              • Varyk@sh.itjust.works
                link
                fedilink
                arrow-up
                1
                arrow-down
                7
                ·
                3 months ago

                I like the trolls, they are funny.

                I also accept that this is often sound, logical advice.

              • Varyk@sh.itjust.works
                link
                fedilink
                arrow-up
                1
                arrow-down
                8
                ·
                3 months ago

                I like the trolls, they are funny.

                I also accept that this is often sound, logical advice.

        • rayyy@lemmy.world
          link
          fedilink
          arrow-up
          12
          arrow-down
          1
          ·
          3 months ago

          taxing the wealthy

          ^ That’s the one that triggered the media attack on him.

      • ChocoboRocket@lemmy.world
        link
        fedilink
        arrow-up
        18
        arrow-down
        1
        ·
        3 months ago

        There’s nothing wrong with wanting supporting evidence for claims, but when someone says something that’s very provable and common knowledge and you ask for proof - you become known as an idiot.

      • Rookwood@lemmy.world
        link
        fedilink
        arrow-up
        7
        arrow-down
        24
        ·
        edit-2
        3 months ago

        Lmao at being downvoted for asking for tangible examples. Platitudes don’t win elections, folks. See 2016.

        • swim@slrpnk.net
          link
          fedilink
          arrow-up
          8
          arrow-down
          1
          ·
          3 months ago

          If you’re curious about the downvotes, I would consider that it appears you thought you were “asking,” when what your comment does is issue a command. With no other context to understand from where you are coming.

  • Ensign_Crab@lemmy.world
    link
    fedilink
    English
    arrow-up
    67
    arrow-down
    5
    ·
    3 months ago

    As always, “economy” in a headline can be replaced with “rich people’s yacht money.”

  • blazera@lemmy.world
    link
    fedilink
    English
    arrow-up
    49
    arrow-down
    6
    ·
    3 months ago

    and the slowest annual gain in prices since March 2021.

    Its shit like this, dont tout this like a victory, i cant afford electricity right now

    • rayyy@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      13
      ·
      3 months ago

      The recession started to emerge in 2019. You don’t turn a large ship around on a dime. There are more jobs, wages are up and inflation is down. What do you expect?

    • Rookwood@lemmy.world
      link
      fedilink
      arrow-up
      7
      arrow-down
      19
      ·
      3 months ago

      Biden has also had 0 impact on that. The Fed is managing that because Congress doesn’t do anything but pass legislation for lobbyists and the Fed is also driving up unemployment as a result.

      • blazera@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        arrow-down
        1
        ·
        3 months ago

        the president has the impact of the most powerful endorsement in the country. Technically, the president’s impact on legislation is just his ability to veto, but in practice both parties operate in tandem with the executive and legislative branches, the president is the figurehead of the party and the strategy has generally been to rally behind their campaign platform. With Biden we’ve had the inflation reduction act and the infrastructure bill. Obama famously drove the affordable care act, even though they personally didnt get to vote on it.

  • anticolonialist@lemmy.world
    link
    fedilink
    English
    arrow-up
    38
    arrow-down
    5
    ·
    3 months ago

    By ‘economy’ they always mean how well the rich are doing. WE are struggling, and the constant gaslighting that everything is ok tells us our cries for help are going unheard.

  • Queue@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    32
    arrow-down
    5
    ·
    3 months ago

    “Listen, dipshit. I don’t care if you can’t afford groceries, I don’t care if you our landlord priced you out of your own home, and I certainly don’t give a fuck you can’t find a new job that pays enough to live. The economy is doing great, all the graphs the capitalists chose says so. Your lived experience is a lie. Shut up, don’t ask questions, and vote for me.”

          • Psychodelic@lemmy.world
            link
            fedilink
            arrow-up
            3
            ·
            3 months ago

            Fair enough, I guess I didn’t account for the pandemic’s impact on stock ownership. I should’ve said almost most Americans don’t own stocks. I mean, your own sources show it was just about half of Americans for a while until recently.

            Also, I hate considering 401ks as part of that since it’s not like people have a choice there. it’s just a cop out to sell out the nation to corporations via tax cuts and reduced regulations. My main premise is moreso that the economy is great if you’re a corporation or have a good job/are ready to retire

            • aubeynarf@lemmynsfw.com
              link
              fedilink
              arrow-up
              4
              arrow-down
              1
              ·
              3 months ago

              401ks are both voluntary and allow a selection of investments, so what do you mean “it’s not like people have a choice there”?

              Pension funds are also mostly invested in stocks, so anyone with a pension also does better.

              Like, you are saying the existence of people who are having it tough means the economy isn’t improving, and circumscribing anyone who may be doing better. Of course the economy is bad for people with the worst situations - that’s a tautology. The question is, is the wide middle doing better? Are fewer people in that situation?

    • aubeynarf@lemmynsfw.com
      link
      fedilink
      arrow-up
      6
      arrow-down
      3
      ·
      3 months ago

      Is there a Costco near you? Potato chips and deli meat (just random items I priced recently) are 1/3 the price of supermarket. Eggs and milk are about half. Gas at costco is 10% less than a gas station.

      Biden has no power to set supermarket chains’ profit targets.