It is not incorrect to say the economy was doing well, nor is it wrong to say individual purchasing power was not following. “The economy” is not, nor has it ever been, tied to wages. This is a problem, Trump is the opposite of a solution. It’s the equivalent of seeing a bank robbery and nuking the bank.
That’s a completely different matter, the economy was doing fine, but there was inflation in the aftermath of Covid, which was steadily improving.
Choosing a moron narcissist like Trump will only make it worse for average people, so what exactly is your point?
That you are better off with Trump. 🤣🤣🤣
The economy wasn’t “doing fine” for more than half the population. Wages are still stagnant, and no one is proposing a solution to that, from either party.
Meanwhile the cost of living just keeps getting higher, which shows up on paper in the form of higher profits for the same companies that are no longer paying their employees enough to live.
We are accelerating towards a cliff. And all anyone is doing, is trying to take credit for how great everything is, while simultaneously blaming the other guy for everything that’s wrong.
Wages were increasing more-quickly than inflation when Biden left office. We had a high rate of inflation, at which point inflation grew more quickly than wages, during the COVID-19 pandemic. That produces a decline in real wages. However, that relationship had reversed by the time Biden left office.
The economy wasn’t “doing fine” for more than half the population.
People who think like that are the reason Trump got elected.
the economy ≠ standard of living
The problem was purchasing power, wages, and inflation. People’s standard of living was suffering, but the “economy” wasn’t. Conflating the two is why Trump’s stupid rhetoric resonated so much with the uneducated Magats that voted him in: they thought he was promising to fix their standard of living, while the reality was that he was promising to “fix” something that wasn’t broken.
Actually YOUR way of thinking is why Trump won the election.
The stock market =/= the economy
The reason why Dems lost on the economy, is because they don’t understand this basic fact of reality. Telling people that everything is fine, when they can plainly see that it isn’t, is a losing strategy.
The real economy of paychecks, groceries and rent payments IS broken. And until it gets fixed, we will have people like Trump winning elections. Even if it’s all a lie…they are the only ones acknowledging that anything is wrong.
You’re making a very big leap in assuming I don’t condemn the Democrats and their attempt to convince voters everything is fine.
They’re a party led by geriatric, upper-class rulers. No shit, their doubling down on “the economy is fine” didn’t work—they don’t understand or care to understand what the people want. All they care about is what their corporate donors pay them to care about.
The failings of the Democrat Party don’t absolve rural conservatives and undereducated voters of their part in this, though. The literal definition of economy is the wealth and resources of a country as a whole. The economy was doing fine because we had our lovely billionaires and mega corporations consolidating all the wealth and skewing that number while the average person was under growing financial pressure.
The problem was—and still is—the wealth disparity. We have multimillionaires and billionaires absorbing more and more money from the 99% while paying a pittance back towards helping the people they’re screwing. They get to dodge taxes by reinvesting their profits into assets they own, hoard resources, and act with impunity.
A voter base that took the time to understand what they were asking for would have seen straight through Trump’s sensationalist bullshit, not barreled straight into it. It should have been obvious that he wasn’t going to fix wealth disparity. He associates himself with the billionaires, he sees himself as one of them, and he wants to keep it that way. He doesn’t give a single shit about wealth disparity, let alone ever acknowledge it as the problem. Instead, he won his campaign on vague promises about a word that means something completely different to every Tom, Dick, and Harry that cast their ballot for him.
The economy wasn’t “doing fine” for more than half the population.
Actually yes it was, there was inflation after covid, but that was steadily getting better.
Criticizing the ones that do better is not constructive, that just makes you sound like a fanatic MAGA Trump supporter.
Obviously things are way worse under Trump, and you have to buy only 2 dolls now! If you can’t see how that moron is malignant IDK what to tell.
If you want more left wing politicians to succeed, the only option at elections right now is to support democrats, and push for more left wing candidates.
It’s extremely tiresome to hear the constant whining about how Biden wasn’t good enough, when he obviously was the better option at the time. Don’t blame Biden, blame the ignorant people who voted against their own interests to hurt others, like immigrants, lgbt, colored people and pregnant women. What they forget is that they become victims too, because Trump is also going after the poor and working class.
You are either working for Putin, or you are working against your own interests with posts like the response you made to the fact that Biden delivered a very healthy economy to Trump.
You don’t seem to understand that inflation didn’t reverse…it just slowed back down to normal levels. Anything new who didn’t get raises equivalent to that inflation, now effectively earns less than they did three years ago. And inflation is still rising, just not as fast.
You have to catch up with those excessive rates in order to have the same level of purchasing power as you did before they went up.
The fact that you’re accusing me of “working for Putin” just for pointing out basic economics, is really bizarre. I’m curious to know why you think those things are related.
companies that are no longer paying their employees enough to live.
I just find another job with higher pay, I don’t expect or beg my current employer to pay me more. I move elsewhere if they don’t pay me enough. It is just business, nothing personal.
If my employer is not paying me what I can get elsewhere, including the rest of the world, I see that my boss is either cheating me or is incompetent. So I start interviewing new bosses and fire current boss as soon as I find a competent one.
Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
Raising wages inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
I don’t have any expectations, nor do I care if I understand inflation. If i get a higher paying job, i will be ahead of the inflation.
I don’t care what my current employer pays me, I do not negotiate. if i have to negotiate a higher salary with current employer i see that as evidence that my current employer being incompetent and not doing his job. This is ground for dismissal. So I find and move to a new company that pays my expected salary.
End of the day, my purchasing power must remain the same or increase.
So I just find a higher paying job that accepts my higher expected salary, fire my current boss, and move to the new job. It is not rocket science. It is just business, nothing personal. My service is a product, and its value rises with inflation.
In fact the moment I start any job i start looking for the next one. In this way I am always trying to upgrade my skill so that I can get the next job.
Don’t be loyal to your boss because they will never be loyal to you.
Yep, inequality was up, cost of living was down. The economy was doing fine. What the democrats failed to see is that generally when the economy is doing well, the rising tide lifts all boats. In this instance, with post Covid inflation, the economy was not lifting all boats. It was making the asset rich wealthier while making day to day living harder for all that work for a living.
Everything was going awesome under Biden. The economy was so great. Executives were making more than ever!
It is not incorrect to say the economy was doing well, nor is it wrong to say individual purchasing power was not following. “The economy” is not, nor has it ever been, tied to wages. This is a problem, Trump is the opposite of a solution. It’s the equivalent of seeing a bank robbery and nuking the bank.
That’s a completely different matter, the economy was doing fine, but there was inflation in the aftermath of Covid, which was steadily improving.
Choosing a moron narcissist like Trump will only make it worse for average people, so what exactly is your point?
That you are better off with Trump. 🤣🤣🤣
not to mention trumps lifelong obsession with using tariffs to solve his problems.
The economy wasn’t “doing fine” for more than half the population. Wages are still stagnant, and no one is proposing a solution to that, from either party.
Meanwhile the cost of living just keeps getting higher, which shows up on paper in the form of higher profits for the same companies that are no longer paying their employees enough to live.
We are accelerating towards a cliff. And all anyone is doing, is trying to take credit for how great everything is, while simultaneously blaming the other guy for everything that’s wrong.
Wages were increasing more-quickly than inflation when Biden left office. We had a high rate of inflation, at which point inflation grew more quickly than wages, during the COVID-19 pandemic. That produces a decline in real wages. However, that relationship had reversed by the time Biden left office.
You and them are about to find out how good it was… it’s about to fall off a cliff for most
It has been, for a long time.
People who think like that are the reason Trump got elected.
the economy ≠ standard of living
The problem was purchasing power, wages, and inflation. People’s standard of living was suffering, but the “economy” wasn’t. Conflating the two is why Trump’s stupid rhetoric resonated so much with the uneducated Magats that voted him in: they thought he was promising to fix their standard of living, while the reality was that he was promising to “fix” something that wasn’t broken.
Actually YOUR way of thinking is why Trump won the election.
The stock market =/= the economy
The reason why Dems lost on the economy, is because they don’t understand this basic fact of reality. Telling people that everything is fine, when they can plainly see that it isn’t, is a losing strategy.
The real economy of paychecks, groceries and rent payments IS broken. And until it gets fixed, we will have people like Trump winning elections. Even if it’s all a lie…they are the only ones acknowledging that anything is wrong.
You’re making a very big leap in assuming I don’t condemn the Democrats and their attempt to convince voters everything is fine.
They’re a party led by geriatric, upper-class rulers. No shit, their doubling down on “the economy is fine” didn’t work—they don’t understand or care to understand what the people want. All they care about is what their corporate donors pay them to care about.
The failings of the Democrat Party don’t absolve rural conservatives and undereducated voters of their part in this, though. The literal definition of economy is the wealth and resources of a country as a whole. The economy was doing fine because we had our lovely billionaires and mega corporations consolidating all the wealth and skewing that number while the average person was under growing financial pressure.
The problem was—and still is—the wealth disparity. We have multimillionaires and billionaires absorbing more and more money from the 99% while paying a pittance back towards helping the people they’re screwing. They get to dodge taxes by reinvesting their profits into assets they own, hoard resources, and act with impunity.
A voter base that took the time to understand what they were asking for would have seen straight through Trump’s sensationalist bullshit, not barreled straight into it. It should have been obvious that he wasn’t going to fix wealth disparity. He associates himself with the billionaires, he sees himself as one of them, and he wants to keep it that way. He doesn’t give a single shit about wealth disparity, let alone ever acknowledge it as the problem. Instead, he won his campaign on vague promises about a word that means something completely different to every Tom, Dick, and Harry that cast their ballot for him.
Actually yes it was, there was inflation after covid, but that was steadily getting better.
Criticizing the ones that do better is not constructive, that just makes you sound like a fanatic MAGA Trump supporter.
Obviously things are way worse under Trump, and you have to buy only 2 dolls now! If you can’t see how that moron is malignant IDK what to tell.
If you want more left wing politicians to succeed, the only option at elections right now is to support democrats, and push for more left wing candidates.
It’s extremely tiresome to hear the constant whining about how Biden wasn’t good enough, when he obviously was the better option at the time. Don’t blame Biden, blame the ignorant people who voted against their own interests to hurt others, like immigrants, lgbt, colored people and pregnant women. What they forget is that they become victims too, because Trump is also going after the poor and working class.
You are either working for Putin, or you are working against your own interests with posts like the response you made to the fact that Biden delivered a very healthy economy to Trump.
You don’t seem to understand that inflation didn’t reverse…it just slowed back down to normal levels. Anything new who didn’t get raises equivalent to that inflation, now effectively earns less than they did three years ago. And inflation is still rising, just not as fast.
You have to catch up with those excessive rates in order to have the same level of purchasing power as you did before they went up.
The fact that you’re accusing me of “working for Putin” just for pointing out basic economics, is really bizarre. I’m curious to know why you think those things are related.
I just find another job with higher pay, I don’t expect or beg my current employer to pay me more. I move elsewhere if they don’t pay me enough. It is just business, nothing personal.
If my employer is not paying me what I can get elsewhere, including the rest of the world, I see that my boss is either cheating me or is incompetent. So I start interviewing new bosses and fire current boss as soon as I find a competent one.
Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
Raising wages inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
I don’t have any expectations, nor do I care if I understand inflation. If i get a higher paying job, i will be ahead of the inflation.
I don’t care what my current employer pays me, I do not negotiate. if i have to negotiate a higher salary with current employer i see that as evidence that my current employer being incompetent and not doing his job. This is ground for dismissal. So I find and move to a new company that pays my expected salary.
End of the day, my purchasing power must remain the same or increase.
So I just find a higher paying job that accepts my higher expected salary, fire my current boss, and move to the new job. It is not rocket science. It is just business, nothing personal. My service is a product, and its value rises with inflation.
In fact the moment I start any job i start looking for the next one. In this way I am always trying to upgrade my skill so that I can get the next job.
Don’t be loyal to your boss because they will never be loyal to you.
hcol does not equal how well the economy is doing, is due to much different factors.
The economy was indeed going great by most measures. And donvict monkeywrenched almost on day one.
I know it’s fashionable among a certain set of people to proclaim everything is awful no matter who is running the country but…it is just not factual.
Poverty is through the roof and the working class is struggling to meet ends.
One of the main reasons Democrats lost was pretending the economy is fine. At least Trump put in the effort to lie about fixing it.
Yep, inequality was up, cost of living was down. The economy was doing fine. What the democrats failed to see is that generally when the economy is doing well, the rising tide lifts all boats. In this instance, with post Covid inflation, the economy was not lifting all boats. It was making the asset rich wealthier while making day to day living harder for all that work for a living.
No one was pretending; we can all see the same data. Saying the economy was terrible under Biden is just not being realistic.
It was. It is worse under Trump but it was already terrible.