politics

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.

I don't know, Joe, maybe it's just that the world we've made here just fundamentally isn't worth participating in? or even living in, for that matter. #beammeupscotty

It's at least a start, that he's asking questions to try and figure it out, isn't it?

Economy isn't everything. People need more like believing in the future, a sense of community, etc. A lot of things incompatible with neoliberalism that the dems embraced in the 80s.

This push them in the arms of the extrem right. Don't take me wrong. Extrem right isn't better, it's worse. But they are the last untried thing and extrem right as a rhetoric that hide the reality.

The dems have to change in deep to address the real issues like inequality, housing, belonging to a group, etc. It's placing the human in the center.

So why do i know so many people that don't have enough? I didn't used to

Disinflation is different than deflation. Prices aren’t changing, that’s good. Prices changed to be bad and aren’t changing, that’s bad.

Now, while I don’t think we want deflation amok, because that’s insanely bad for everyone, what I think we can all agree with is wages need to go up or there needs to be some price control the likes this country hasn’t seen before.

That’s the problem with the economy. This new normal isn’t comfortable. While we’re finally solidifying what this new normally is and volatility is going down, what we’re settling on isn’t good. And pretending that eventually wages will come to match, that’s not realistic. Playing the waiting game is going to wreck a lot of jobs.

“$1 in 2018 is equivalent in purchasing power to about $1.22 today, an increase of $0.22 over 6 years. The dollar had an average inflation rate of 3.38% per year between 2018 and today, producing a cumulative price increase of 22.10%.”- in2013dollars.com

Most of us didn’t get 22% raises over the pandemic and rent, electricity, and grocery prices went up, Joe

The Economy is doing well...for the rich.

It's not doing well for everyone else, you old baffoon.

Shit like this is why Trump is going to win. Enjoy the peace while it lasts

President feigns ignorance of basic domestic economics to appear sympathetic going into an election cycle

The US economy is doing well for rich people.

FTFY

What a senile old pos classist fuckface.

"Your corporate masters are happy, why aren't you slaves smiling?"

Well, I don't know. What a mystery!?

Because we've had about 90 years of decline in the power of labor, and everyone knows they're being exploited all the time and there's no way to get ahead if you don't already have money.

Some companies raised prices and made greedy money. And those companies don't want to lower the prices back.

Shameful.

Funny how out of touch, these questions are from the out of touch.