Inflation, partisanship and the pandemic have made them glummer than the numbers suggest they should feel

Inflation, partisanship and the pandemic have made them glummer than the numbers suggest they should feel

I think the author just looked up statistics to reach a conclusion convenient to them.

Just ask the actual people. (Why didn’t they do interviews?) There are so many details lost in their cherrypicked numbers. Prices, wages, housings, they are very bad according to what I read online, contrary to what the author argues citing average growths. Maybe they have no grasp of reality anymore?

    • AndrasKrigare@beehaw.org
      1·
      9 months ago

      Weekly reminder that “trickle down economics” was always meant as a criticism. Coined by Will Rogers

      This election was lost four and six years ago, not this year. They [Republicans] didn’t start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands. They saved the big banks, but the little ones went up the flue.

      https://en.m.wikipedia.org/wiki/Trickle-down_economics#:~:text=Trickle-down economics is a,critics of supply-side economics.

  • flatbield@beehaw.orgEnglish
    1·
    9 months ago

    I am not sure I agree with their interpretation of the numbers. Inflation is not back to 2% and is unlikely to return there. Interest rates are high on loans. Stock market is not that up… just more recovering and the next 10 year return estimates are more like 6% not like the 10 or 12% people saw in the prior decade. Gas I do not use so I do not care. Geopolitics is concerning. Climate change is concerning. Internal politics is concerning. Both news and politics truth does not seem to matter… sensationalism seems more important then constructivism.

    Hard to find positives. Maybe macro employment numbers are good. Not sure about working conditions or if incomes have matched inflation. Probably not universally. We may have avoided a recession I guess that may be positive. Money Market, CD, and Bond interest rates are up which is nice for some.