It’s not feelings, I actually paid $1,000 for a nice dinner. I had to call 90 days in advance to get a reservation. We flew to graduation on a completely full plane. The hotel we were in was sold out. Our last stop at the bookstore cost me $600. Parents were all buying $100+ shirts. I waited in a line of at least 30 people to pay for our college gear. Our child started their job 4 days after graduation. They actually fly out tomorrow for a week long vacation with their friends. All of their friends have jobs lined up. Most people on this forum are just like us. |
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Dips...GOP president
Peaks...Dem president |
Son you understand all of that but not the concept of K shaped economy in that year in one version very few people are in the middle and a lot of other people on the other side? I can't help but think that you're one of those people who thinks that because the people directly around you are okay and spending money that that's representative of the entire economy even though aggregate data shows that that's not the case which lends me the question of how the you accumulated this much money to begin with. |
It is feelings. You feel like because you went to a fancy restaurant that was full that there’s nothing wrong with the economy, meanwhile the facts are that the Fed has been tracking consumer sentiment since 1952 and it has never been lower. See also: anecdotes are not data. - someone who also spent $1000 on a college graduation dinner this week, but doesn’t think it means sh!t about the larger economy |
Watch or read the Hunger Games. You’re part of the Capitol and think extravagance is fine and normal. Most people are not in that position across the country. My coworker in a professional field was just part of an economic layoff. There isn’t a job market waiting to absorb her. |
Is this a calculated attempt to make us hate the oligarchy? |
Haha yes! Great analogy. I may steal this. |
Think of this as your very own ‘Let them eat cake’ moment. Like you, I am in the very fortunate position of not having to care about expenses. However, I am also not so out of touch with reality that I don’t understand that’s not the case for the majority of the people in the country. This is reflected in the consumer sentiment, which tells you how the population at large feels about the economy. |
| Trump has bankrupted every business he has tried to run. Of course he killed our economy, too. Kicker is he is enriching himself and his cronies with our money and our institutions while he ruins it for the majority of Americans (other than people like the clueless Richie Rich poster above). |
Pretty much. He doesn't care, he doesn't know any better any way, he's a serial liar, and thinks the role of the Presidency is to enrich himself. This is just going to get worse. |
I can live like this too. Doesn't mean it's going to last forever or that other people aren't affected. Some people are immune to downturns because of many factors. Some people were rich during the Great Depression. |