You know how a freight train can take miles to stop after the brakes are applied? The economy is like a big ass train, so any changes are going to take a long time to take effect. The train is slowing down, but expecting it to stop on a dime is just unrealistic.
Comment on All the Good Economic News Vindicates Bidenomics
circuscritic@lemmy.ca 2 weeks ago
Oh great, I guess there’s no real problems then, and everyone’s is just hallucinating their economic troubles into existence.
Thank God the New York times editorial board is there to clear that up for us.
ChonkyOwlbear@lemmy.world 2 weeks ago
circuscritic@lemmy.ca 2 weeks ago
So what you’re saying is, is that Biden really wants to help the economy, and he wants it to be better, but it’s too big for that to happen?
I’m sorry, setting aside the pedantic nature of your grade school math problem turned economics analogy, it actually supports my contention that the New York Times is blowing smoke up our collective asses.
ChonkyOwlbear@lemmy.world 2 weeks ago
No, I’m saying things are getting better but it’s happening slowly and we have to be patient.
circuscritic@lemmy.ca 2 weeks ago
Let’s agree, to disagree, and where the economy is going to end up.
That’s not relevant here, because this article, and many of the commenters, contend that it’s already doing good, and it has been doing good for some years now.
Which was my entire point, that it’s smoking mirrors, mixed using intentionally disingenuous figures like raw job numbers, and stock market performance, as if that translates to the wider economy of the working class.
silence7@slrpnk.net 2 weeks ago
That’s a nonsense take — nobody claiming that there is no hardship; only that the US has done a lot better than most other countries at handling the economic fallout from the pandemic.
circuscritic@lemmy.ca 2 weeks ago
Take your pick, you can’t have it both ways.
Either Biden’s economic policies have been great for the economy, and everyone saying otherwise is just spreading this information, or misinformed.
Or, his policies have helped a certain class of wealthy Americans, while leaving the rest of the middle and working to decline, just like every other administration of the last 40 years.
So which is it?
silence7@slrpnk.net 2 weeks ago
It’s actually been pretty good for most people; we had an incredible recovery from the highest unemployment since the Great Depression, and wages have started outpacing inflation again over the past 18 months. And inflation came down without mass unemployment.
That doesn’t mean everybody had identical outcomes.
circuscritic@lemmy.ca 2 weeks ago
Wow you’ve really internalized MSNBC talking points. And I mean that literally, I’m pretty sure I heard those exact same words from one of multiple anchors in the last several weeks.
Like I said, glad to hear everything is all going great, just like MSNBC pundits and NYT op-ed are claiming.
Honestly, you should volunteer for the Harris campaign. Already got your door knocking elevator pitch down pat.