Bidenomics study: 62% of Americans living paycheck to paycheck during holiday season

[desecration]

Leftist privilege?

Privileged Columbia protester who ‘killed’ elderly couple in crash should be in jail, not on campus, furious family says

 

[BrightShinyGirl]

Leftist privilege?

Privileged Columbia protester who ‘killed’ elderly couple in crash should be in jail, not on campus, furious family says

The authorities are frequently lenient toward drivers who kill people with their cars.

 

[desecration]

The authorities are frequently lenient toward drivers who kill people with their cars.

Like in Waukesha and Charlottesville?

One of the many reasons the world economy is not doing good in certain sectors:

‘Let’s debunk the myth that mass migration brings an economic benefit,’ says former UK immigration minister

 

[Fuzzy1975]

Like in Waukesha and Charlottesville?

One of the many reasons the world economy is not doing good in certain sectors:

‘Let’s debunk the myth that mass migration brings an economic benefit,’ says former UK immigration minister

But the economy in the US is gangbusters compared to the rest. Which is exactly opposite of what SD tried to imply by starting this thread.

 

[desecration]

Compounding the issue is the federal government’s relentless expenditure. A bid to stimulate economic activity through government expansion creates an opposing force against the Federal Reserve’s attempt to stabilize prices. However, this fiscal largesse, particularly in an election year, is double-edged. Promises of increased social welfare and economic support measures, while politically popular, exacerbate inflationary pressures by injecting more spending.

In the labor market, the inflationary cycle perpetuates as employees demand higher wages to offset the rising cost of living. States like California have responded by mandating wage increases, further contributing to the cost-push inflation dynamic. This wage-price spiral is manifestly evident in sectors such as auto insurance, which has seen premiums surge by 22%, and in housing, where rents and related expenses have climbed by nearly 6%. The most palpable impact for the average citizen, however, is the escalating cost of essentials like food and fuel.

https://www.eptrail.com/2024/04/10/traveling-back-to-the-1970s/

 

[wizzard426]

 

[JoePepsiCo]

But the economy in the US is gangbusters compared to the rest. Which is exactly opposite of what SD tried to imply by starting this thread.

That's akin to saying, he was the last soul on the Titanic to drown...

 

[wizzard426]

That's akin to saying, he was the last soul on the Titanic to drown...

The argument over speaker of the house is an argument over 3rd officer on the Titanic

 

[JoePepsiCo]

*chuckle*

Good one.

 

[MajorRewrite]

Real Americans are happy that the economy is strong.

 

[JoePepsiCo]

There are "fake" Americans?

 

[MajorRewrite]

There are "fake" Americans?

There are whiny people who hate the fact that the economy is strong.

 

[JoePepsiCo]

"Strong" is a subjective and relative term that is easily debated.

 

[desecration]

"Strong" is a subjective and relative term that is easily debated.

Investments (stocks, bonds) are strong; the economy is not.

 

[wizzard426]

The stink of doublespeak is strong

 

[desecration]

The stink of doublespeak is strong

To understand Leftist propaganda, it is important (IMHO) to recognize that it is never wrong; it is only partially true. Your gut instinct is correct: that is still a lie, because telling half the story is a way of manipulating other people into filling in the details in their own heads.

The economy is doing great... if you own stocks, bonds, companies, and so on. This is why the upper middle class and above are doing so well, but the lower half of the middle class are getting fiscally sodomized like the ex in a BTB.

 

[desecration]

To understand Leftist propaganda, it is important (IMHO) to recognize that it is never wrong; it is only partially true. Your gut instinct is correct: that is still a lie, because telling half the story is a way of manipulating other people into filling in the details in their own heads.

The economy is doing great... if you own stocks, bonds, companies, and so on. This is why the upper middle class and above are doing so well, but the lower half of the middle class are getting fiscally sodomized like the ex in a BTB.

And Right-wing propaganda? It tends to be very primitive: characterization of the Other as a mythology (Satan) or pathology (narcissism).

It does not aim to be true or complete, only metaphorically true. Usually this annoys me, but it is less cryptic and subversive than Left-wing propaganda.

The true propaganda masters however are the advertisers of corporate America and its pet charities.

 

[Fuzzy1975]

That's akin to saying, he was the last soul on the Titanic to drown...

Are you denying the economy is the best in the G-7? Are you denying more Americans are employed? Are you denying wages have been rising?
Are you denying the latest results show less than 60% of Americans are now living pay cheque to pay cheque?

 

[JoePepsiCo]

I do not deny your statistics.

I do, however, question your cherry-picking of metric...

 

[JoePepsiCo]

Check

 

[MajorRewrite]

Investments (stocks, bonds) are strong; the economy is not.

What economic measures say the economy isn’t strong?

And no, a poll of whiny morons isn’t economic data.

 

[JoePepsiCo]

Stagflation

The U.S. economy grew at a meager 1.6 percent annual rate in the first three months of the year, the government reported Thursday.

Economists had expected gross domestic product would grow at a 2.5 percent rate. In the fourth quarter of 2023, the economy grew at a 3.4 percent annual pace.

Consumer spending was much weaker than many economists had forecast, with consumers appearing to pull back sharply on spending on goods. Spending on durable goods declined at a 1.2 percent annual pace. Spending on services rose four percent. Overall spending rose at a 2.5 percent rate, below the three percent estimated and the 3.3 percent recorded in the final three months of 2023.

Despite the slowdown in consumer spending, inflation accelerated. The personal consumption expenditure price index rose at a 3.4 percent pace in the first quarter, nearly twice the 1.8 percent increase in the prior three-month period.

Exports were weak, reflecting soft demand from struggling economies around the world, while imports surged. Imports subtract from gross domestic product.

John Carney, Breitbart




Now, the source will be attacked as a refutation of the facts, which are pretty hard to refute since they are government-generated...

 

[desecration]

Are you denying more Americans are employed?

Doing what jobs? Great, more food service.

Are you denying wages have been rising?

Because the currency has lost value.

Are you denying the latest results show less than 60% of Americans are now living pay cheque to pay cheque?

With rising cost of living, this is normal but not good.

 

[desecration]

Consumer spending was much weaker than many economists had forecast, with consumers appearing to pull back sharply on spending on goods. Spending on durable goods declined at a 1.2 percent annual pace. Spending on services rose four percent. Overall spending rose at a 2.5 percent rate, below the three percent estimated and the 3.3 percent recorded in the final three months of 2023.

This is a crucial indicator in my view. When people start foregoing big expenses, it means costs have risen above their salaries.

 

[JoePepsiCo]

This is a crucial indicator in my view. When people start foregoing big expenses, it means costs have risen above their salaries.

That's how armchair economists read it.

Political economists will have a much different take.

SEE!!! Even you admit that it is growing!!!

(Trump is giving his pretrial bashing of the economy right now citing those numbers. Funny shit.)