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[-] blazera@kbin.social 143 points 10 months ago

My wages have not gone up and the prices i pay are still going up.

[-] the_q@lemmy.world 83 points 10 months ago

But the economy is doing great! Billionaires and corporations are making record profits while eliminating thousands and thousands of jobs!

[-] disheveledWallaby@lemmy.ml 37 points 10 months ago

The DOW is a misery index. A measure of how much wealth can be extracted from the working class and reappropriated to the wealthy.

[-] NatakuNox@lemmy.world 18 points 10 months ago

Ya but they fired one full time worker and replaced them with three part time workers! Progress!

[-] AltheaHunter@lemmy.blahaj.zone 4 points 10 months ago

All hail the job creators!

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[-] the_post_of_tom_joad@sh.itjust.works 8 points 10 months ago

"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

[-] Transporter_Room_3@startrek.website 11 points 10 months ago

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.

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[-] RememberTheApollo_@lemmy.world 99 points 10 months ago* (last edited 10 months ago)

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.

[-] RGB3x3@lemmy.world 26 points 10 months ago

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.

[-] Maggoty@lemmy.world 5 points 10 months ago

Even just talking about it truthfully would be something. Sticking his head in the ground is just going to get us a dictator.

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[-] TrickDacy@lemmy.world 25 points 10 months ago

A new pet peeve. Not slamming, or blasting, but RIPPING. He tore these fuckers' jugulars out y'all!

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[-] Sunforged@lemmy.ml 20 points 10 months ago
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[-] CaptainSpaceman@lemmy.world 12 points 10 months ago

Translation: "we spent all this time massaging CPI and GDP, yall better report how great the economy is now!"

[-] scratchresistor@thelemmy.club 30 points 10 months ago

When they report that the economy is great, always ask for whom...

[-] ryathal@sh.itjust.works 11 points 10 months ago

If you have to tell people how great the economy is, it's not that great.

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[-] rsuri@lemmy.world 10 points 10 months ago

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.

[-] Serinus@lemmy.world 5 points 10 months ago

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.

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[-] autotldr@lemmings.world 10 points 10 months ago

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!

[-] the_post_of_tom_joad@sh.itjust.works 10 points 10 months ago* (last edited 10 months ago)

"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!"

[-] Phegan@lemmy.world 7 points 10 months ago

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

[-] aberrate_junior_beatnik@lemmy.world 5 points 10 months ago

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.

[-] TechyDad@lemmy.world 16 points 10 months ago

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.

[-] TrickDacy@lemmy.world 13 points 10 months ago

Do we have to label calling people on their shit "adversarial"? To me that word has a connotation of reacting unreasonably.

[-] sunbrrnslapper@lemmy.world 5 points 10 months ago

One might just call it "reporting" 😉

I have the same connotation with word adversarial...

[-] Bojimbo@kbin.social 3 points 10 months ago

I would think combative is closer to your connotation and adversarial is judgement neutral.

[-] Decoy321@lemmy.world 10 points 10 months ago

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?

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this post was submitted on 26 Dec 2023
362 points (93.5% liked)

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