this post was submitted on 13 Jul 2024
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politics

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[–] [email protected] 97 points 1 month ago (31 children)

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.

[–] [email protected] 31 points 1 month ago (18 children)

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.

[–] [email protected] 0 points 1 month ago* (last edited 1 month ago) (1 children)

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.

[–] [email protected] 9 points 1 month ago (1 children)
[–] [email protected] 1 points 1 month ago (1 children)

Yeah, they own 93% of everything. That’s irrelevant to whether people in the middle class are seeing a better economy. And, which president has helped improve that figure, and which has not?

[–] [email protected] 0 points 1 month ago

People are not seeing a better economy, they can see past the gaslighting coming from our government, and gaslighting doesn't pay the bills

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