Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
“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.
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.
Whatever the fuck they’re saying on the nigntmare box means dick. I’m still poor.
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.