763
Fox hosts forced to grudgingly admit economy booming under Biden
(www.msnbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Feb 2024
763 points (94.6% liked)
politics
19244 readers
3416 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
“Economy” is such a bullshit term here. What they really mean is stock market. The real economy is shit. Pay is shit. Healthcare is shit. Real estate is a fat hog that needs to get slaughtered already. When will the people be treated as Too Big To Fail?
Ehh, I think the economy is doing okay. Inflation is being controlled/managed. In some cases it's correcting itself.
Don't lose sight of the forest for the trees. The media in this country has been really pessimistic about the economy and blaming the admin--to the point it seemed intentionally misrepresented.
This economy could have gone the other way pretty easily especially with the billions thrown into circulation during the pandemic.
If we want to credit Presidents when the economy is bad, you need to credit them when it's good too.
If anything this admin should get credit for being stable and a source of order in all of the chaos--not the cause of it.
I have to agree. Some people are still certainly struggling, of course. Homelessness is still a problem in places. Many people still live paycheck to paycheck. But the economy isn't going to fully right itself in four years, especially with a hostile House that controls the purse strings.
Additionally, nothing has been done about greedflation (yet?). If Congress or Biden can figure out a way to force companies to stop tacitly colluding to squeeze more money from people, I would suspect more people would start to feel more optimistic about their finances (and the economy in general).
Greed will sadly have to wait....when your ship is sinking you gotta patch the holes first, then you can rebuild the troublesome parts.
The US is putting fingers in the holes of the dam right now and doing an okay job of it.
I believe it's more like while this ship is sinking the majority are below decks with old buckets trying to desperately bail out the rising seawarer while the rich and those in power are above deck ripping off all the planks they can to build themselves a life raft, fully intent on leaving the rest of us to drown in the sinking ship.
I like the analogy!
The one below mine is better lol.
The media is owned by billionaires and/or public traded companies. Reporting is skewed to keep the populace complacent.
Some people are already too big to fail. It's just not you or me.
Look at Trump. He's too big to fail. He's not in jail, despite numerous counts of accusations, from rigging elections to treason to sexual assault.
When you're rich enough or connected enough, you're too big to fail.
-- J. Paul Getty
It’s worse, when it’s us g peoples donated election money for personal expenses, including legal expenses. Do the people donating understand that they’re not even getting a campaign out of their cash? Why isn’t this misuse of funds yet another criminal charge?
Considering the only information they get is within their little bubble which is mostly what Trump tells them, I think they believe they're helping the most mistreated man in history get out of his very unfair oppression to stop him from saving humanity. And by humanity, they mean America. And by America, they mean white people. And by white people, they mean cishet people.
Maybe I should have quoted or capitalized “The People”. I mean the common layperson. trump, Muskrat, and their ilk aren’t “the people”. They are the storied “1%” that depend on social welfare from our government.
Whatever the fuck they're saying on the nigntmare box means dick. I'm still poor.
Don't forget the car market as well both the used and new market has lost its fucking mind.
It’s about jobs more than the stock market. The report says over 350k net jobs added in January (more than double expected) and unemployment has been below 4% for two consecutive years (not seen since the ‘60s). Plus inflation is quickly dropping and the administration is lowering costs on things where they can, putting more money in our pockets. It’s legitimately incredible what’s happened with the US economy since the pandemic nearly guaranteed a recession, according to Fox News.
We spent THREE YEARS with media of all stripes gaslighting us about a supposed incoming recession any day now. Any day now, for three years, even when the economy was doing gangbusters. Bastards.
The numbers for the real economy have been good too. The median wage rose faster than inflation in 2023 and unemployment has been consistently low, people are finding work and finally starting to earn more. Obviously things aren't great for everyone but it's going way better than anyone expected and it's heading in a good direction rather than deteriorating further like when inflation was still out of control.