The stock market isn’t the economy, at least as most Americans experience it, though it is the same metric that Trump and his followers used to show how “strong” the economy was during his term.
If I had a nickel for every time some Trump apologist said “sure, Trump’s a jerk, but how’s your 401(k)?” during 2017-2021, I’d have… a lot of nickels.
“sure, Trump’s a jerk, but how’s your 401(k)?”
Or as I like to paraphrase, “My morality is for sale”
What I love is how they ALL seem to have done SO much better during Trump. Like they got paid more at work, they got more in taxes, people on the streets just threw money at them, the sky rained money…
It’s only a “depression” when the ownership class is affected.
trump lies about everything but the stock market has ever-decreasing relevance to the average american because it reflects the value of property and the average american is being shut out of owning anything.
The stock market is not a 1:1 representation of the spending power of your dollar. The stock market is how well your overlords are doing, not you, the average american.
True, but Republicans constantly tout the stock market’s performance when they are in charge. Every tick upwards is declared to be thanks to them. Every dip is said to be because Democrats got in the way.
So a Democrat in charge of the White House and the stock market rising is a good refutation of their talking point. For “common man economy indications,” I’d instead point to things like the extremely low unemployment rate.
They like to claim the low unemployment is somehow a bad thing. If you dig into why, it’s basically because when employees are harder to replace, they’re harder to exploit, so working conditions and wages improve while shareholder profits slightly decrease, and they focus entirely on the latter.
Reality truly doesn’t matter anymore. They just want to scream whatever they want to.
Says the “businessman” who bankrupted his own casinos and achieved his company wealth through fraud.
ETA: that is a very unflattering photo, holy shit.
ETA?
Edited to add
Confusing acronym given it already means estimated time of arrival.
Acronyms can have more than one meaning.
TLC - tender loving care
TLC - the learning channel
TLC - T-Boz, Left Eye, and Chilli
For when you need some advice on whether to pursue large bodies of cascading water or the desirability of the sanitary clothing worn by workers involved in patient care.
And Euskadi Ta Askatasuna, a militant Basque seperatist group that dissolved in 2018.
Probably only a couple people who thought that was what he meant, though. Three at most.
By every metric they ridiculed Obama over, and praised Trump for (forget delayed-onset of policy effects from Obama), they suddenly ignore for Biden lmao.
Gas coming down, inflation rate down, stock markers up, unemployment good, et.
I said it during the Trump admin and I say it still. The stock market is not the economy and I don’t really care how much money the top 1% owning the majority of stocks are
makingskimming.I agree, but it’s still blatant lying from Trump because you know he doesn’t care about that other 99% and the economy beyond the stock market.
Republicans have no need for facts and truth, truthiness and alternative facts are all they need and Trump’s word is all of that wrapped up in a nice racist package.
Okay but it isn’t for normal people. Your made up numbers have nothing to do with the average person.
I love it when liberals start screaming at you about how it is misinformation that Americans think the economy isn’t doing great because stock market number good or some other economic number good.
It’s like, have you fucking talked to any human beings living in the US lately? Are you out of your mind? Life in the US is brutally hard right now. We are in the middle of a massive class war and we are losing badly, but yes the class that actually owns the economy is doing great.
Conservatives/Trump are obviously shittier choices, it just is 0% surprising that people don’t feel that happy about the stock market doing well when they can’t afford rent and the idea of owning a home is a laughable pipe dream.
We are in the middle of a massive class war and we are losing badly
Dude, consider some of the positives …. I’m old enough to remember Reagan union bashing by firing air traffic controllers. Now we have unions showing more strength than I’ve seen in my life. They’ve been hit hard, over and over, decade after decade, but now are standing up again. This could be the big counterattack in that class war
Hey, I don’t want to be defeatist, I struggle with being defeatist.
In my effort to be positive I will say yes absolutely we are seeing organized labor making huge gains and that is wonderful.
We are still losing horribly at the moment though. I envy people who have genuine hope, but I just feel broken. I have never had a non-seasonal job that treated me with any sense of decency nor paid a living wage (enough to even consider not living with my parents). I graduated from college only a couple of years after the 2008 financial crash and my experience in life since then has just been increasingly half-heartedly trying to open locked doors while being harshly judged by older people who grew up with open doors everywhere (judgement which had material impacts on my opportunities). I realize that it is a failure of my life experience to feel hopeful but I can’t really help it. “fake it til you make it” about feeling hopeful or confident in yourself has never worked for me.
I guess I just share that to say just because the acceleration is in the direction of labor and worker organization doesn’t mean the momentum isn’t still fullswing towards a capitalist hellscape of austerity. Everyday I try to dismantle the framework of bullshit I learned growing up but at the end of the day it feels like scratching at rock walls with my finger nails. The momentum is horrifically incredible.
I can definitely see how that experience for that long would get anyone down. But I do believe you can do it. Just keep knocking on those doors and eventually one will open.
The thing about the advice to keep hopeful and confident is that interviewers will decide based on their impression of you - you have to “fake it till you make it” enough to motivate yourself to stay in the race and to get past that all important interview.
Even the crap jobs that get you down, try to look on them as opening that door. No you shouldn’t expect more out of a place treating you like crap, but if you do find that door opening to greener pastures, you want to look like a good worker well worth their investment. You can do it
Your subjective experience is one data point in a set of 300 million and the economy is not a description of each individual data set but about the circumstances that inform them
If you’re struggling, you would much rather struggle in a good economy than a bad one, because it means you have more options.
For the average person, there is less inequality (Gini coefficient has gone down), high employment, and historic wage increases. Not saying there aren’t still lots of problems, but the economy is hands down better under Biden.
He’s always saying some bullshit, can we move on?
I guess Trump is currently in the one in a depression phase.
It’s all president drink bleach can do - constantly forecast doom and gloom to the people who aren’t happy without something to spend every waking moment worrying about.
It’s a drug to them worse than heroin.
Tbf that’s what the 24h news cycle has been doing for over 20 years, so it’s nothing new.
constantly forecast doom and gloom to the people who aren’t happy
He even did this the whole time he was president because he had some minor setback or confrontation with reality. He’s all doom and gloom, and yet everyone gives him a free pass for it.
Donny Downer
His 2016 campaign spent all kinds of time saying how everything and everyone in America sucked, and yet these discerning folks and American media let him tout himself as “America first” when he not only non-stop shits on America and Americans, but spends more time talking about and thinking about his foreign properties and investments than anything America related.
And they eat it up because he says he’s gonna fix it. When in actuality he and his followers are the reason things are “bad”. It’s easier to blame Democrats for things the Democrats had nothing to do with than it is to actually do any work.
And then when Democrats set about fixing yet another Republican-led to fuck over the American people, the Republicans do whatever they can to sabotage it.
The R’s love America. Screwing it up for everyone anyway.
I seem to recall the stock market doing extremely well right up to 1929…
You remember that?! How old are you?
When nine hundred years old you are, not so slay you will look.
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Even though my burger today was not $3.60, but was in fact $2.35. ok Trump… you fucking idiot
