Even if the inflation rate lowers the existing prices of things won’t go down. Also, the inflation still exists so prices will continue to go up, just at a slower pace. The US government needs to quit printing money for starters
I imagine in a country where most people have to work two or three jobs in order to live, there might be a dearth of optimism about the future.
Add on to that whole generations of people shackled with lifetime debt over student loans and watching Biden’s government do nothing meaningful about escalating housing scarcity, and the problem is compounded.
The big priorities for Biden seem to be making up ways to get more of our money dumped into Ukraine and keeping his asshole son out of prison.
When we inaugurate an open fascist in 2025, you’ll have Biden to blame.
The big priorities for Biden seem to be making up ways to get more of our money dumped into Ukraine
We are not sending pallets of cash to Ukraine. The money is buying arms and equipment that is being sent to Ukraine. The arms and equipment are produced here, in the US. The VAST majority of the money is going into the US economy. It’s literally creating good paying jobs here in the US.
The money is buying arms and equipment that is being sent to Ukraine. The arms and equipment are produced here, in the US.
It’s the same thing.
It’s literally creating good paying jobs here in the US.
No, it isn’t, because our government doesn’t mandate a living wage nor regulate the prices of war materials, and in fact, there’s been extensive reporting on price gouging in the war industry.
Further, the latest batch of Ukraine spending was funded by cutting funds to the IRS, so we’re not only losing money now, but in the future too.
Also, frankly, I’m sick of hearing these excuses decade after decade from warmongers and their supporters.
You have proved without doubt that your opinions on important matters are meaningless. Your first few comments were indicative, but this is just irrefutable proof.
I should lower my expectations when we give Democrats the majority in Congress and the presidency, because nothing they promised is going to happen. And even though they have plenty of power to make meaningful change, it’s always going to be the Republicans’ fault that they didn’t.
After that you can move on to current events and political news so maybe you can grok why your belief that Democrats “have plenty of power to make meaningful change” is so laughable.
I wont get my hopes up though. Best wishes from BC.
Further, the latest batch of Ukraine spending was funded by cutting funds to the IRS, so we’re not only losing money now, but in the future too.
That’s factually untrue. The IRS has not been defunded; but House Republicans have been in such disarray that currently no government agency is getting more funding.
It’s been the Republicans demanding the cuts; not the Democrats, who would rather spend money so that we can fund everything important appropriately so that real recovery from the pandemic is felt by the people.
The Republicans are demanding we reduce our debt at a time where that’s just not practical and are holding our budget hostage so much that our credit is being slashed.
The Republicans have been disrupting the financial state of the country. They caused the ding on our credit. They have consistently refused to compromise throughout this entire session of Congress.
That’s enough to sway the delicate balance between Trump and Biden though.
Not that Trump will actually solve this but he tends to resonate with those people. I don’t know how people with nary a cent to spare think a billionare has their best interests at heart but anyway.
Oh, I won’t dispute that at all. I’m more concerned about a comment making a completely false claim. 5% matters but so does telling the truth in your comments.
It’s very curious to me how the economic indicators can seem so positive while people are still feeling the pangs of increased prices across the board.
There have been various articles/studies shared recently which indicate corporations have been taken advantage of consumers. We’ve heard terms like “greed’flation” to describe it. This article then says Biden alluding to this “is suspicious to many economists.”
Are economic indicators not able to capture “greedflation”? Is it a thing or not? Something I need to do more reading on I suppose.
I don’t think the “indicators” are a useful metric of personal betterment, which is what makes individual people feel better about the economy. Stock market being up, interest rates and inflation going down, productivity up and salaries on the increase are all positive conditions. But if your salary isn’t rising as fast as the combined inflation of the past 4 years and all of your companies profits are feeding dividends and stock buy-backs instead of plant expansion and increasing benefits then it’s a net negative in your bank account at the end of the month. Insurance rates - auto, health, homeowners (esp if you’re coastal) are soaring up, which hits the average pocketbook but probably has no weight in economic indicators. Lord help you if you’re paying tuition or taking out loans for college. It’s more than $4000 per class at a typical state university, if you’re not subsidized by scholarship or the state.
It doesn’t help that the news cycle is (somewhat rightly) pointing out how imbalanced and broken the socioeconomic system is.
