this post was submitted on 16 Jun 2024
46 points (97.9% liked)

U.S. News

2244 readers
7 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.


Guidelines for submissions:

For World News, see the News community.


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 4 months ago* (last edited 4 months ago) (1 children)

Stock market

Who the fuck said anything about the stock market

The article talks about "growth" which is presumably GDP, which is a bullshit metric absolutely, but the overall context is:

The growth rate is high, the unemployment rate is at historic lows, household wealth is surging, and wages are rising faster than costs, especially for the working class. There are many ways to define a good economy. America is in tremendous shape according to just about any of them.

The stock market is based on total crap and can swing up or down by like tens of percents on a whim for literally no reason at all. The only reason stock market even got mentioned tangentially was because Trump said something about the stock market, and they mentioned that at the end of the article.

IDK why I've spent so much time on this. Honestly man it seems like you're literally just saying anything, casting about for some thing you can poo poo or disagree with that has nothing to do with what I or the article are saying.

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago) (1 children)

The bottom 10th percentile covers people making less than $22,880, according to BLS.

That firmly excludes the ~~median~~ mode of American households, by wages. The vast majority of Americans were not helped by that number. Is it good that it happened? Yeah, absolutely. It wasn't Biden though. And it isn't most Americans. And it isn't the economy as a whole.

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago)

Yeah, I definitely don't know why I've spent so much time on this 🥲

This is like trying to explain to a drunk person why they can't drive home