Trump at last count has promised 10 different tax cuts. Between unfunded tax cuts, tariffs, and deporting immigrants I can't wait to see the inflation numbers, never mind the deficit.
The growth of wealth disparity is bigger than any president. It's structural. Look at the COVID response. Workers got a couple of checks and some extra unemployment benefits. Businesses got giant loans they never had to pay back.
Yes. I’d rather have high unemployment than high inflation.
I get that too. The idea is prices touch “everyone” while unemployment a small percent. What’s worse is debatable
Were going on almost 2 years of wage growth beating inflation. No one is saying times are perfect. Just that things here are relatively better than the rest of the world and better than Trump's economy. But sadly, as you have pointed out, perception is reality. And Trump's propaganda machine is very effective.
www.statista.com
inflation tempered but prices remain painfully elevated. 20 plus percent higher than when biden took office. and remember you have people on fixed incomes, self-employed etc. don't care about the lunatics running the rest of hte world. only care about here. and no people were much better off under trump. inflation 1 plus percent. low interest rates. cheap gas. that was reality.Were going on almost 2 years of wage growth beating inflation. No one is saying times are perfect. Just that things here are relatively better than the rest of the world and better than Trump's economy. But sadly, as you have pointed out, perception is reality. And Trump's propaganda machine is very effective.
Wage growth vs inflation U.S. 2024 | Statista
The rate of inflation overtook the growth of wages in April 2021. High rates of inflation means that consumers are seeing a decrease in purchasing power
Wouldn’t it be speculation to assume a Trump victory leads to lower prices?
i don't know what will happen. what we do know is that what biden/harris did led to higher prices
i give obama big time credit. he pulled us out of a shitstorm. i like obama. not on anything but obviously incredibly bright. i give zero credit to harris for anything. i think she's a social worker and biden was a cadaver. their plan was to pander. cori bush is on the steps crying rent should be stayed. okay executive order no rent. they are the free pizza and no homework student council winners and the consequences of their policies they have no idea. see border
I've maintained all along that the countries whose economies suffered worst post pandemic are places like Russia and Hungary. Since both Putin and Orban admire Trump (and the feeling is mutual) it seems pretty obvious that all 3 would follow similar policies, including economic moves post pandemic.
Great substantive reply.
Dang, you made my day. I am gonna have great day on golf course. Thank you!
Obama didn’t pull us out of any shitstorm. He prolonged it with the ACA. That was the trade off of passing it. Increases in insurance costs and a slower recovery.
It’s the reply these studies deserve. They’re out there only to help republicans or democrats.
Right and they are never going back. Hence the reason that's it's great news to see wage growth outpacing it.
But the race isn’t over yet. The past 16 months of “real” wage growth — as economists have called it — haven’t been enough to offset the 25 months where prices were rising disproportionately faster than Americans’ paychecks, according to a new analysis of Bureau of Labor Statistics data from Bankrate.
I don't know about the economy but Biden has made me stronger. At 75, I can now do something I could NOT do under Trump!
I’ve always thought that the economy and economic projections are a behavioral science. The people who came into this world in the last 25 years or so are scared shitless of their world. They don’t want kids. They don’t want to own a home. They don’t care about cars and vacations. They are not into consumer goods. All of this adversely affects the economy. Consumer confidence is in the dumpster because consumers being so scared of the existing and future world.But the race isn’t over yet. The past 16 months of “real” wage growth — as economists have called it — haven’t been enough to offset the 25 months where prices were rising disproportionately faster than Americans’ paychecks, according to a new analysis of Bureau of Labor Statistics data from Bankrate.
Study: Wages Are Still Losing In The Post-Pandemic Inflation Race | Bankrate
Since Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages, Bankrate’s Wage To Inflation Index found.www.bankrate.com
don't let the people who called the stupid plays coach anymore
I agree, but it impacts far fewer people. Also, unemployment tends to rise during recessions, which are necessary for a healthy economy. It obviously sucks in the short term, but capital gets reallocated to better investments.
So long as somebody wastes their time triggering them to respond as predictably as they do, it's a good thing. This way, they have less time to do harm spewing somewhere else.
