politics

The fuck metric are they using for the economy???? The billionaires wealth increase? The stock market? Because I can't afford my rent or to feed my fucking family. Fuck off with your bullshit.

I don't blame Biden for it, I blame the orange man. But the economy isn't an exclamation point that should be used for the average person. The economy fucking sucks. EVERYONE HAS JOBS!!! .... Yeah.... they have 3 of them... start looking at the purchasing power of that money, not just the dollar amount.

And civil rights.

Plus sustainable technology.

And critical infrastructure.

Also climate change.

Taxing the wealthy.

As always, "economy" in a headline can be replaced with "rich people's yacht money."

and the slowest annual gain in prices since March 2021.

Its shit like this, dont tout this like a victory, i cant afford electricity right now

By 'economy' they always mean how well the rich are doing. WE are struggling, and the constant gaslighting that everything is ok tells us our cries for help are going unheard.

"Listen, dipshit. I don't care if you can't afford groceries, I don't care if you our landlord priced you out of your own home, and I certainly don't give a fuck you can't find a new job that pays enough to live. The economy is doing great, all the graphs the capitalists chose says so. Your lived experience is a lie. Shut up, don't ask questions, and vote for me."

What does "the economy" mean again? Is that just referencing the stock market which most Americans don't care about because they don't own stocks or have 401ks?

I mean, has anyone seen the prices of shit lately? It's pretty fuckin insane. I can't even imagine how most people make it work with kids and whatnot. Then again, all my working class friends that don't have 401ks don't actually vote anyway so maybe they just know their audience

Note the complete absence of any mention of housing prices in this article (and every other pro-Biden article about how great the economy is and why we should be grateful).

In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws.[4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional.[5] In 1938, the Fair Labor Standards Act established it at 25¢ an hour ($5.41 in 2023).[6] Its purchasing power peaked in 1968, at $1.60 ($14.00 in 2023)[6][7][8] In 2009, it was increased to $7.25 per hour, and has not been increased since.[9]

https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

if people are unable to afford things the economy is not good and neither Trump nor Biden in their four years did anything to help the citizens notably minimum wage

The line is definitely going up!

I definitely am paying exceptional prices for toilet paper and groceries

The same economy that's reliant on sucking the working class dry of every last cent?

I don't give a shit about the economy. I've been broke through boom and bust. I care about the safety, freedom, and happiness of those I love. The centrists of the democratic party like this bag o bones are doing nothing about that.

Real wages (wages as expressed in 1982-1984 dollars, so controlled for inflation) are higher now than before the start of the pandemic. They aren't quite as high as they briefly got in early 2021 when the government was propping up the economy with large amounts of money both to employers and directly to people, when people were initially holding on to money rather than spending causing prices to drop (things were closed, people couldn't or didn't want to travel and go out) and before the supply chain crisis among other things started causing inflation across the globe. The wage growth since the pandemic has been highest for low income and hourly workers, so higher income salary workers may not have seen as much. Some industries may not have done as well as others, for instance the high interest rates to help control inflation hit tech jobs particularly hard. And as always, these are averages across the largest economy in the world with over 300 million people, I'm not trying to assert conclusions about any one person's financial situation.

January 2020 and January 2021 real wages https://www.bls.gov/news.release/archives/realer_02102021.htm

June 2023 and June 2024 real wages https://www.bls.gov/news.release/realer.t01.htm

Wage growth vs inflation since March 2020: https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/

Also for more full context keep in mind that real wages dropped some for decades before finally starting to recover in the 2000s. We're only just starting to get back to real wages as they were in the 1970s.

https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

He has done nothing to directly impact the economy. We are in a money-printing generated gilded age where life is tolerable for most and better than ever for a few. As soon as something breaks, everyone below the top 10% will be thrown on the street into abject poverty and we are all just waiting around for that to happen.

Here's the thing that kills me. This is what the presidency is kinda supposed to be like. He's gotten a good amount of good (and bad) things done. We've gotten so used to lazy, ineffectual, malicious, and downright bad governance that a kind of normal presidency seems like "WOAH HOLY FUCK WOW" to some folks. Biden's a solid statesman when it comes to the actual work of politics, but I wouldn't say that he's totally unique or a once-in-a-lifetime statesman. He's not irreplaceable, we just haven't been looking for someone to replace him because they did a good job hiding the fact that he needed replacing.

We are not in a recession and economic growth is positive?

When did the federal minimum wage go up?

Did workers get more rights?

When did food prices go down?

Did housing costs get cheaper?

Has a sustainable and more affordable energy source been found to lower power bills?

Are the costs of healthcare something he solved?

How did he fix transportation costs?

wow did not know we were living in the Golden Age of Biden

good thing propaganda articles like this are around keep us in the know

Hail Biden and Vote BLUE!

Here's the problem, is it him or his staff?

The article cherry-picks data to reach it's conclusions. Unemployment is not the best it's every been. It has been rising rapidly, it's up half a percent in the last year, and this print was the first pause we've had since March. Unemployment is rising due to Fed fighting inflation with higher interest rates. The higher interest rates are the reason inflation is coming down and Biden has done nothing to address that. The only thing he did was dump our oil reserves on the market when gas prices were rising early in the inflation cycle. That was 2 years ago.