The economy is actually bad
- Thread starter Lexington Steele
- Start date
but its only $3.99 in bumfukk alabama , population of 72so the economy is good obviously because of this
Nah, it's about $3.35 over here. I saw $3.19 in Georgia the other day.
itsyoung!!
Veteran
Its $7 in sf
Subs.
MurderToCassette
Sa Da Tay
Saw gas as low as $4.89 and as high as $6.89 here in SoCal
This is the economy. Not Tesla's stock price. This. Your life. OUR LIVES.
Redwood
Superstar
Vandelay
Life is absurd. Lean into it.
We need to quantify purchasing power better, because income isn't a good metric and will be ever-changing/ever-increasing and hard for the layperson to understand.
Trump: "Don't trust the lying media. My presidency is going great."
Biden: "People only think things are bad because the media tells them so. Also, they threw a dog in a lake."
Biden: "People only think things are bad because the media tells them so. Also, they threw a dog in a lake."
Here's a thread full of mathematical breakdowns of real numbers on why the economy is actually bad for the majority of participants.
This guy [Will Stancil] is such a smug fukk I have to present concrete evidence. And some logical suppositions.
First of all, bidens favorite number is "historically low unemployment"
This is why he ejected millions of children from SNAP.
It actually makes very little sense as a figure if you just look at it like a thermometer. A million folks died. There was all this propaganda about "no one wants to work anymore" and "there are 10.9 million unfilled job openings in America" in 2021 and by 2022 it went away
Here's what actually happened. A shytload of boomers retired. Then after 2 years of sustained inflation they came back to the workforce excluding the 4 million wealthiest. They couldn't afford to retire.
The outflow happened in 2020, Biden got them back poor and starving and ready to greet at Walmart or whatever people actually do
These people also generally do not have children on snap. Its usually younger parents. But their large numbers shifting allowed Biden to make false inferences about the economy. It must be doing well. Look at all this "job creation"
This drives alot of Wills claims as well.
So. His case is that the economy is doing well. If that's true then the outlook going forward must be incredibly good according to the government will is doing propaganda for.
No wrong. The outlook is actually the worst in several generations
In fact, a giant portion of the workforce can't afford housing anywhere in America
[urlhttps://cnn.com/2021/07/15/homes/rent-affordability-minimum-wage/index.html[/url]
Statistically we are in a public health crisis related to hunger according to the government
https://t.co/FaHlSjnfnU
Food banks, people who deal with poverty on the ground every day, confirm this fact
Unprecedented usage of their services DESPITE RECORD UNEMPLOYMENT
The pandemic era benefits became inflation relief benefits, then they were gone. But prices stayed high. They're still high.
Let's talk about two of our titans of business. Bezos and Gates. Gates bought most of the farmland in America. Bezos just bought 500m in private 🏘
Why do bill gates, a tech guy, and bezos, a sweatshop guy, need half a billion in private houses and billions in farmland? Because there won't be anyone to buy his products in a decade. It's not sustainable. Rapidly dwindling customer base over ten years
Even jp morgan is buying up private housing as they all race to become feudal lords
They can read just like you can. No jobs in the next decade. So no customers.
In case you were wondering, how fast is the population growing? 2.3 million people per year. That's 23 million new workers in the workforce between 2022 and 2032 competing for a decade for....4.7 million jobs.
23 million people trying to get 5 million jobs? That's collapse math. Imagine all the cities with an extra 15 million unemployed on top of the usual3-6%
The only solution is austerity so the democrats and rep8blicans can mow the grass. Anything else is admitting systemic collapses to the system
I had to go work before but I'm back with more.
You're all behind on your credit cards and car notes.
https://t.co/dUhtqPrSvm
So you aren't extracting enough wealth from the economy to feed yourself, afford housing, afford transportation, and afford credit. Therefore the economy is not doing well. We can see just how far gone south the economy is when 25 million boomers preparing to exit for 40yr..
Only manage to last 18 months or 1 year before returning. As we reach an unprecedented slow down of job growth not seen since the great depression.
The government also can't pay their bills either
https://www.reuters.com/markets/us/moodys-changes-outlook-united-states-ratings-negative-2023-11-10/
In fact everyone kind of believes our economy is collapsing
https://t.co/AkWw8gJduP
It's not me saying this
https://www.investors.com/etfs-and-...erm-treasuries-is-now-bonafide-epic-meltdown/
Biden has never once alluded to the bond market crash even though it rivals the http://dot.com collapse in size. He's been in charge for the entire freefall
You probably didn't even know there's a rout on us treasury bonds. Now you do.
Janet Yellen, who has presided over the collapse of treasury bonds: we can afford two wars
Turn the fukking ship you elderly pricks
Too lazy to track down the video but the federal govt has been artificiallly pumping rich people with about $30 billion/month through the employee retention credit https://www.irs.gov/newsroom/learn-the-warning-signs-of-employee-retention-credit-scams . Danielle Booth called it out and the plan is now being watched more closely (I.e. they got busted embezzling for their demographic) and the payments dropped like a rock.
The economy is going to start falling off without that hidden stimulus.
The economy is going to start falling off without that hidden stimulus.
doublecheese
Pro
Peruvian Connect
All Star
Probably is companies arent being paid to retain employees they gonna do mass layoffs
Talking to an old head on yesterday who is part of the baby boomer crowd, he stated that the gov't predicted that the mass of baby boomers would retire and they weren't too sure if those positions would be filled.
Stated that the gov't wanted to roll out the A.I. projects right around the time when the baby boomers would be retiring to make up for the gaps that may come in certain position. Maybe cut cost for those.
Buddy said they would like to get to a point where there is nothing but automation controlling the majority of the services and goods that we get.
If every baby boomer retired, he basically was saying the bottom would fall out. I'm not sure how true it is, but he pointed at me and said my gen doesn't want to work, and companies are cutting back on big salaries.
Said 12-15 years from now is going to be an interesting time that we as a socieity will enter.
Stated that the gov't wanted to roll out the A.I. projects right around the time when the baby boomers would be retiring to make up for the gaps that may come in certain position. Maybe cut cost for those.
Buddy said they would like to get to a point where there is nothing but automation controlling the majority of the services and goods that we get.
If every baby boomer retired, he basically was saying the bottom would fall out. I'm not sure how true it is, but he pointed at me and said my gen doesn't want to work, and companies are cutting back on big salaries.
Said 12-15 years from now is going to be an interesting time that we as a socieity will enter.
Well my company laid off a shytload of ppl the last year so yeah….