Biden’s economy

[Anonymous]

Anonymous wrote:I'm real middle income according to the charts, not DC definition. I want to believe the constant glowing economic reports I keep hearing, but my wallet doesn't see it. My grocery store receipts, car and home insurance have all tripled. Every time I buy at Target it cost more and the bottles and packages have shrunk. I hate Trump and realize the President doesn't set economic policy, but I was much better off before Biden. I cannot be the only one in America to think this.

The only ones not complaining are the wealthy. They don't experience the bad economy like everyone else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm real middle income according to the charts, not DC definition. I want to believe the constant glowing economic reports I keep hearing, but my wallet doesn't see it. My grocery store receipts, car and home insurance have all tripled. Every time I buy at Target it cost more and the bottles and packages have shrunk. I hate Trump and realize the President doesn't set economic policy, but I was much better off before Biden. I cannot be the only one in America to think this.

The only ones not complaining are the wealthy. They don't experience the bad economy like everyone else.

“Americans overall have a surprising degree of satisfaction with their economic situation, according to findings from the Axios Vibes survey by The Harris Poll. 63% of Americans rate their current financial situation as being "good," including 19% who say it's "very good."
https://www.axios.com/politics-policy/axios-vibes
https://www.axios.com/newsletters/axios-am-56f56243-681c-45f5-88e8-0a2d84da8234.html?chunk=1&utm_term=twsocialshare#story1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm real middle income according to the charts, not DC definition. I want to believe the constant glowing economic reports I keep hearing, but my wallet doesn't see it. My grocery store receipts, car and home insurance have all tripled. Every time I buy at Target it cost more and the bottles and packages have shrunk. I hate Trump and realize the President doesn't set economic policy, but I was much better off before Biden. I cannot be the only one in America to think this.

The only ones not complaining are the wealthy. They don't experience the bad economy like everyone else.

“Americans overall have a surprising degree of satisfaction with their economic situation, according to findings from the Axios Vibes survey by The Harris Poll. 63% of Americans rate their current financial situation as being "good," including 19% who say it's "very good."
https://www.axios.com/politics-policy/axios-vibes
https://www.axios.com/newsletters/axios-am-56f56243-681c-45f5-88e8-0a2d84da8234.html?chunk=1&utm_term=twsocialshare#story1

Glory be! It must be true.

Not sure why dems are worried about Nov. Everything is wunnerful... because they say so.

[Anonymous]

It is rather ironic, but the 1,000 page Project2025 document authored by the leading conservative organizations praises the Biden economy with aplomb.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm real middle income according to the charts, not DC definition. I want to believe the constant glowing economic reports I keep hearing, but my wallet doesn't see it. My grocery store receipts, car and home insurance have all tripled. Every time I buy at Target it cost more and the bottles and packages have shrunk. I hate Trump and realize the President doesn't set economic policy, but I was much better off before Biden. I cannot be the only one in America to think this.

The only ones not complaining are the wealthy. They don't experience the bad economy like everyone else.

“Americans overall have a surprising degree of satisfaction with their economic situation, according to findings from the Axios Vibes survey by The Harris Poll. 63% of Americans rate their current financial situation as being "good," including 19% who say it's "very good."
https://www.axios.com/politics-policy/axios-vibes
https://www.axios.com/newsletters/axios-am-56f56243-681c-45f5-88e8-0a2d84da8234.html?chunk=1&utm_term=twsocialshare#story1

Glory be! It must be true.

Not sure why dems are worried about Nov. Everything is wunnerful... because they say so.

Actual people are saying so, not “dems”

[Anonymous]

I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

[Anonymous]

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

Most have some weird notion that Americans were so wealthy in the 1950s. Compared to the rest of the world that was true, but not compared to modern Americans.

The average person has way more stuff now. The average new house size in 1950 was 983sqft. Now it’s over 2,500. And the houses are way more equipped (pool ownership has skyrocketed). Another big example cars. In 1960, 22% of households had no cars, now 8%. Multi vehicle households went from 22% to 60%. 3 car households were almost nonexistent, now over 20%.

You can go on and on with these numbers. People would not accept a 1950s standard of living today, there would be an uprising! In 1950 only 18% had washing machines and 2% dishwashers, I prefer not to hang dry all my clothes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

Most have some weird notion that Americans were so wealthy in the 1950s. Compared to the rest of the world that was true, but not compared to modern Americans.

The average person has way more stuff now. The average new house size in 1950 was 983sqft. Now it’s over 2,500. And the houses are way more equipped (pool ownership has skyrocketed). Another big example cars. In 1960, 22% of households had no cars, now 8%. Multi vehicle households went from 22% to 60%. 3 car households were almost nonexistent, now over 20%.

You can go on and on with these numbers. People would not accept a 1950s standard of living today, there would be an uprising! In 1950 only 18% had washing machines and 2% dishwashers, I prefer not to hang dry all my clothes.

This. There is a real mythical aspect to the whole MAGA culture that is unsurprisingly untethered to reality.

Those one income families had much less stuff. Though I’ll grant a college education was much more reasonably priced.

And the Hollywood gloss on what life was like misses a lot, which is ok because it’s the movies. But you can’t actually expect to live in the movies.

[Anonymous]

CHINA DUMPS $53 BILLION OF U.S BONDS

Following its joint statement with Russia about moving away from a reliance on Western countries, the Chinese government announced it sold at least $53.3 billion worth of U.S bonds on Thursday.

Swiss economic expert Claudio Grass:

"It is a wise decision to diversify away from USD. Gold has outperformed USD Bonds by 75% since 2021.

In addition, the USD has been used for decades already as a political weapon and with the arbitrary confiscation of assets due to pressure from the US government.

It is obvious that the Western Civilization is being destroyed by their own corrupted and rotten political system."

[Anonymous]

[Anonymous]

Anonymous wrote:

I like how they tell us inflation is claiming down based on their calculations, but only when they do things like manually remove coffee from the calculations because it skyrocketed 30%.

I'm sure the govt is telling us the truth wrt inflation even though I'm probably about to spend $90 for only about 4 days of produce later today. This economy is a joke. You need to make $250k per salary now just to feel semi comfortable.

Oh and let's completely ignore skyrocketing costs for car and home insurance.

[Anonymous]

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

How is easy. Get Washington DC out of managing more and more of our economy and regulating us to death.

The more DC does, the worse things get.

Thousand page legislative bills which no one reads are designed to rig the market against the consumer, drive competition out of business, raise prices and protect vested interests against our citizens. Again, the more DC does, the worse things get. Surprise: republicans and democrats both rig the econom against the consumer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

Most have some weird notion that Americans were so wealthy in the 1950s. Compared to the rest of the world that was true, but not compared to modern Americans.

The average person has way more stuff now. The average new house size in 1950 was 983sqft. Now it’s over 2,500. And the houses are way more equipped (pool ownership has skyrocketed). Another big example cars. In 1960, 22% of households had no cars, now 8%. Multi vehicle households went from 22% to 60%. 3 car households were almost nonexistent, now over 20%.

You can go on and on with these numbers. People would not accept a 1950s standard of living today, there would be an uprising! In 1950 only 18% had washing machines and 2% dishwashers, I prefer not to hang dry all my clothes.

From 1978–2022, top CEO compensation shot up 1,209.2% compared with a 15.3% increase in a typical worker's compensation. In 2022, CEOs were paid 344 times as much as a typical worker in contrast to 1965 when they were paid 21 times as much as a typical worker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

How is easy. Get Washington DC out of managing more and more of our economy and regulating us to death.

The more DC does, the worse things get.

Thousand page legislative bills which no one reads are designed to rig the market against the consumer, drive competition out of business, raise prices and protect vested interests against our citizens. Again, the more DC does, the worse things get. Surprise: republicans and democrats both rig the econom against the consumer.

None of what you suggest has anything to do with the current inflation, which is a natural result of re-starting a dead economy from 2020.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm not sure who they surveyed, I just know my situation doesn't match the news. And I really can't stand that CEOs of the big corporations are earning so much when US workers make less and less.

How do we recreate the 1950s when CEOs only made 20 times workers pay? When we didn't outsource so many jobs? Because that is when most Americans had it better. (Of course, not repeating the racial and sex discrimination of that time period.)

I'm sure I'm going to get told that I don't understand the intricacies of the financial system, but not sure how high CEO and executives pay is helping anyone. If they reinvest in the company or make new companies, then fine. But who needs multiple million dollar houses that sit empty while their workers are on food stamps?

If we ever get a great leader, there will be a revolution. And no, the current candidates are not it.

Most have some weird notion that Americans were so wealthy in the 1950s. Compared to the rest of the world that was true, but not compared to modern Americans.

The average person has way more stuff now. The average new house size in 1950 was 983sqft. Now it’s over 2,500. And the houses are way more equipped (pool ownership has skyrocketed). Another big example cars. In 1960, 22% of households had no cars, now 8%. Multi vehicle households went from 22% to 60%. 3 car households were almost nonexistent, now over 20%.

You can go on and on with these numbers. People would not accept a 1950s standard of living today, there would be an uprising! In 1950 only 18% had washing machines and 2% dishwashers, I prefer not to hang dry all my clothes.

From 1978–2022, top CEO compensation shot up 1,209.2% compared with a 15.3% increase in a typical worker's compensation. In 2022, CEOs were paid 344 times as much as a typical worker in contrast to 1965 when they were paid 21 times as much as a typical worker.

So what. You are not required to do business with that CEO or the company. I can't say that about Uncle Sam who takes 40+ percent of what I make and I get little for it.