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.
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.