Sharp and sustained economic criticism from Biden's ostensible allies established a narrative of failure that has proved alarmingly resistant to reality.
There is nothing arrogant about recognizing that your living conditions have regressed over the course of the past 5 years, nor is there anything wrong with basing your decisions around how you percieve things to be.
Its a headline and story that’s been being trotted out for 2, almost 3 years. We keep being told the economy is ‘booming’ and yet the lived experience disagrees. I have the receipts that my live experience isn’t lying (they are quite literally grocery receipts). Our money isn’t going as far and wages have effectively stagnated since 2019. My power bill is twice what it was; no change in consumption. My grocery bill is also basically twice what it was. Again, no heads added or change in consumption. In fact, we cut out things. A couple of years ago, taking a big trip was totally reasonable. I don’t even feel like I can take weekends off any more.
What you’ve got to start realizing is that their economy is not our economy. No one is giving credit because there is no credit to give. The stock market going up and to the right means jack shit when you can’t afford groceries.
What you’ve got to start realizing is that their economy is not our economy.
I think you’ve really identified to crux of the matter here. The stock market is not the economy. To rich DC insiders, it’s everything, but to the other 99% of us, who gives a shit? Wake me up when we can do insider trading too I guess.
The meteoric rise of a select few chip manufacturers is what’s driving this “strong economy”, btw. How on earth is that considered sustainable economic success?
No no no things are great please stop saying things aren’t great have you tried picking up another job? We added a record number of new jobs last quarter, maybe you can help us beat it again!
There is nothing arrogant about recognizing that your living conditions have regressed over the course of the past 5 years, nor is there anything wrong with basing your decisions around how you percieve things to be.
There is absolutely something wrong when you decide that your anecdotes trump statistical data, though. That’s just flat-out defective and invalid.
Never claimed that it trumps their stats, simply that the character of the economy they describe does not mesh with reality. Kind of tired of the incessant gaslighting, when no significant changes to materially improve our living conditions have materialized.
Ok Mr Obtuse - I’m saying they can cherry pick stats to support their narrative all they want, but at the end of the day material living conditions for the majority of Americans have declined in this time period. Over 62% of Americans are living paycheck to paycheck today, and cannot afford an emergency $400 expense. That number is up from 40% pre-pandemic. If you live in a major metro, open your window and look outside to see how the size of tent cities are multiplying. These people simply aren’t counted by the new metrics. How is this the strongest economy we’ve ever seen?
at the end of the day material living conditions for the majority of Americans have declined in this time period. Over 62% of Americans are living paycheck to paycheck today, and cannot afford an emergency $400 expense. That number is up from 40% pre-pandemic.
See, now those are statistics! That’s a very different – and much more sound – argument than you were making before.
Never claimed that it trumps their stats
doesnt mesh with reality
your personal reality is the only perspective/experience, which everyone experiences, ergo that reality is right and trumps their stats
ill give you a personal experience. in the last decade in the UK I have made significant gains in my personal income. While living in a crumbling country determined to get everyone into poverty. My reality is good and comfortable but that is not the vast majority of “reality” as a whole. Im an outlier. As are you, in comparison to the stats.
Should I believe ones I can make using my costco receipts or the ones whoever on the whatever show on MSNBC is repeating? What statistics we calculate, how we choose to include or exclude data in their formulation, and what we interpret them to mean are all subjective. Is it any more or less subjective than my lived experience?
You are being obtuse about how people make real decisions about their lives. They don’t and shouldn’t’ base them on statistics because the world is varied and not monolithic in experience. Experience and memory are a form of data, if not a great one. Experience always trumps statistics. People aren’t’ going to be making their decision in November based on statistics. They’ll be making them based on their lived experience.
That’s not data that gives us information on standard of living or affordability though. They keep telling you about oranges and saying it means something about apples.
There is nothing arrogant about recognizing that your living conditions have regressed over the course of the past 5 years, nor is there anything wrong with basing your decisions around how you percieve things to be.
Its a headline and story that’s been being trotted out for 2, almost 3 years. We keep being told the economy is ‘booming’ and yet the lived experience disagrees. I have the receipts that my live experience isn’t lying (they are quite literally grocery receipts). Our money isn’t going as far and wages have effectively stagnated since 2019. My power bill is twice what it was; no change in consumption. My grocery bill is also basically twice what it was. Again, no heads added or change in consumption. In fact, we cut out things. A couple of years ago, taking a big trip was totally reasonable. I don’t even feel like I can take weekends off any more.
What you’ve got to start realizing is that their economy is not our economy. No one is giving credit because there is no credit to give. The stock market going up and to the right means jack shit when you can’t afford groceries.
I think you’ve really identified to crux of the matter here. The stock market is not the economy. To rich DC insiders, it’s everything, but to the other 99% of us, who gives a shit? Wake me up when we can do insider trading too I guess.
The meteoric rise of a select few chip manufacturers is what’s driving this “strong economy”, btw. How on earth is that considered sustainable economic success?
I think it’s the wage growth, lower inflation, and longest sustained low unemployment of my lifetime that drive that economic success.
I do however agree that too much attention is paid to the stock market, and that wage growth isn’t high enough.
Well considering wages have remained stagnant since the 1970’s, compared to skyrocketing productivity, I’m inclined to agree!
No no no things are great please stop saying things aren’t great have you tried picking up another job? We added a record number of new jobs last quarter, maybe you can help us beat it again!
Oceania has always been at war with Eastasia.
This article and the Biden team are running real, “Reject the evidence of your eyes and ears” energy here.
Eyes and ears can be subject to propaganda.
Yup, that’s it. That’s the problem. If only there was data out there about it, like in that other message chain you replied to me on.
There is absolutely something wrong when you decide that your anecdotes trump statistical data, though. That’s just flat-out defective and invalid.
Never claimed that it trumps their stats, simply that the character of the economy they describe does not mesh with reality. Kind of tired of the incessant gaslighting, when no significant changes to materially improve our living conditions have materialized.
Ok Mr Obtuse - I’m saying they can cherry pick stats to support their narrative all they want, but at the end of the day material living conditions for the majority of Americans have declined in this time period. Over 62% of Americans are living paycheck to paycheck today, and cannot afford an emergency $400 expense. That number is up from 40% pre-pandemic. If you live in a major metro, open your window and look outside to see how the size of tent cities are multiplying. These people simply aren’t counted by the new metrics. How is this the strongest economy we’ve ever seen?
See, now those are statistics! That’s a very different – and much more sound – argument than you were making before.
your personal reality is the only perspective/experience, which everyone experiences, ergo that reality is right and trumps their stats
ill give you a personal experience. in the last decade in the UK I have made significant gains in my personal income. While living in a crumbling country determined to get everyone into poverty. My reality is good and comfortable but that is not the vast majority of “reality” as a whole. Im an outlier. As are you, in comparison to the stats.
But which statistics?
The 1980 ones?
The 1990 ones?
The 2010 ones?
The ones I have in my budgeting software?
Should I believe ones I can make using my costco receipts or the ones whoever on the whatever show on MSNBC is repeating? What statistics we calculate, how we choose to include or exclude data in their formulation, and what we interpret them to mean are all subjective. Is it any more or less subjective than my lived experience?
You are being obtuse about how people make real decisions about their lives. They don’t and shouldn’t’ base them on statistics because the world is varied and not monolithic in experience. Experience and memory are a form of data, if not a great one. Experience always trumps statistics. People aren’t’ going to be making their decision in November based on statistics. They’ll be making them based on their lived experience.
That’s not data that gives us information on standard of living or affordability though. They keep telling you about oranges and saying it means something about apples.