My wages have not gone up and the prices i pay are still going up.
But the economy is doing great! Billionaires and corporations are making record profits while eliminating thousands and thousands of jobs!
The DOW is a misery index. A measure of how much wealth can be extracted from the working class and reappropriated to the wealthy.
What does DOW stand for?
Ya but they fired one full time worker and replaced them with three part time workers! Progress!
All hail the job creators!
"fool! If you knew economics better you'd understand that your buying power is the wrongest metric. Look at the stonks you uncultured swine!"
-a super smart economist, probably
I had someone try to tell me that the economy is better than ever, people are more rich than ever, and my "personal anecdotal evidence" can be completely dismissed.
It's no longer "personal anecdotal evidence" when 150,000,000 people are experiencing the same thing just in my own country.
Yeah, even as a solid dem from my perspective this reads as “report how I want it to sound”. It falls flat.
That said; the economy is doing better (but unfortunately the kind of economic improvement that helps shareholders more than regular people), inflation slowed down, unionization is on the rise, fuel prices (temporarily, as always) are down…so that’s good.
But housing or every kind is still out of control. Record profits without commensurately rising wages. New cars are still fucking ridiculous money. We’re being subscribed to death.
So from an everyday perspective we are still getting fucked.
There's not much Biden can do about late stage capitalism. We're reaching the end game. Where companies take us for just nearly everything we have to where we "survive" enough to keep working and paying them but just barely.
Even just talking about it truthfully would be something. Sticking his head in the ground is just going to get us a dictator.
A new pet peeve. Not slamming, or blasting, but RIPPING. He tore these fuckers' jugulars out y'all!
Translation: "we spent all this time massaging CPI and GDP, yall better report how great the economy is now!"
When they report that the economy is great, always ask for whom...
If you have to tell people how great the economy is, it's not that great.
If Biden wants the media to cover him better he needs to do what Republicans do: give them a simple message. The other day I saw a Biden "I did that!" sticker on a national park fee payment station. Blatantly untrue? Yes. But it's simple and people aren't going to research or even think about whether park fees are Biden's fault.
"The economy sucks and it's the president's fault" is a simple message. But:
The U.S. unemployment rate was just 3.7 percent in November — barely above the pre-pandemic level of 3.5 percent, which was a five-decade low. Annual inflation has also fallen sharply from a peak of 9.1 percent in June 2022 to 3.1 percent in November, and the economy has defied widespread predictions of a recession.
These numbers will just be ignored. They don't fit in a headline or even an unpaid tweet. And I find people's natural reaction to numbers is to distrust them. "Yeah, but that's not the real unemployment/inflation/GDP/etc".
As for what that simple message can be, I have no idea. "Rising employment, plummeting inflation" might be an option, I dunno. But he needs to get someone in charge of messaging who will simplify things.
The economy is doing great. Except for one thing. It's all being sucked up by the people who are already rich.
Everything we do to help just gets sucked up by the megacorporations and the already rich. I'm sure you know the feeling.
This is the best summary I could come up with:
President Biden criticized news coverage of the U.S. economy as he faces growing backlash from voters over his handling of inflation.
In brief remarks Saturday before boarding the presidential helicopter, Biden expressed confidence in the economy and ripped the reporters for the way it has been portrayed.
The economy has roared back from the COVID-19 recession under Biden, who enacted legislation for trillions of dollars of economic relief and investments shortly after taking office in 2021.
Biden and his Democratic allies have largely blamed the media and Republican critics for skewing the public’s views on the economy by exaggerating recession fears and dismissing record-setting job growth.
Pandemic stimulus and restrictions also fueled a surge in home prices and rents, deepening an affordable housing crisis that began long before COVID-19.
Many voters are also struggling with the long-term changes to their jobs and industries caused by COVID-19, along with the lapse of economic relief programs that temporarily lifted millions of Americans out of poverty.
The original article contains 473 words, the summary contains 163 words. Saved 66%. I'm a bot and I'm open source!
"My numbers are dropping! This is not my fault! Release more articles telling them the economy is great and it's all in their heads!"
The problem is the economy is good in metrics but not for the individual. Corporate greed is leaving most Americans worse off despite the "good" economy
I think this is one of the things Trump got right: there should be a more adversarial relationship between politicians and the press. Of course Trump was adversarial because he wanted to do awful things, and also he wanted to set up a state media apparatus, but still.
Well, Trump was adversarial to certain media outlets. Others, like FOX News, were All-But-State TV. They'd parrot whatever he said as the god given truth and he'd parrot whatever they said as truth. If Trump said that the election was stolen and COVID was no big deal, that's how FOX reported it. If they said that vaccines were dangerous and that immigrants were replacing "real Americans" (read: white people), he'd parrot that right back.
Also, adversarial relationships are good to a point. Biden is asking the media to cover things honestly. Trump was calling the media "The Enemy Of The People" and threatening to go after them (or encouraged his supporters to go after them) unless they fell in line. There's a huge difference between those two adversarial relationships.
Do we have to label calling people on their shit "adversarial"? To me that word has a connotation of reacting unreasonably.
One might just call it "reporting" 😉
I have the same connotation with word adversarial...
I would think combative is closer to your connotation and adversarial is judgement neutral.
What the hell are you talking about? Trump did massive damage to journalistic integrity as a whole. You ever hear the words "fake news" before he used it?
politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News