• BakerBagel@midwest.social
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    8 hours ago

    Wy do you feel the economy was doing well when pretty much every metric shows that everyone not making six figures has seen their quality of life drop for the last 4 year?

    • gandalf_der_12te@discuss.tchncs.de
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      7 hours ago

      has seen their quality of life drop for the last 4 year?

      i think it’s not just the last 4 years but the last few decades, it’s only that the downward momentum seems to be speeding up recently

    • comrade_twisty@feddit.org
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      8 hours ago

      The economy was on a great trajectory thanks to the inflation reduction act, now it’s crashing into the ground. Just check the value of the dollar.

      The past 5 years were a struggle everywhere, we just barely got past the effects of COVID on the world economy.

      • BakerBagel@midwest.social
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        7 hours ago

        So you didn’t say what metric indicated the economy was doing so well. Do you think the raising costs of housing, the raising cost of food and groceries, skyrocketing car prices, lackluster jobs reports, declining number of people able to afford a $1000 emergency, or the roll back of covid hazard pay were the best indicators of the strength of the economy the last 4 years? Because the economy has been abysmal for all but the wealthy. Pretending otherwise is exactly what got the Democrats obliterated in the general election last year.

    • DarkFuture@lemmy.world
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      6 hours ago

      Because the economy was objectively recovering and doing better than it is now before January. And we were recovering significantly better than other nations.

      This isn’t debatable. It’s supported by hard data.

      Add in significant legislation passed by the Biden administration to help Americans and it’s just a simple fact that things were better and now they’re worse.

      But that’s what happens when you elect a low IQ felon rapist traitor who has always operated like a mob boss to run our country with a bunch of sycophants who will do whatever the fuck he tells them to.

      • BakerBagel@midwest.social
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        6 hours ago

        Stocks were doing well, but most people’s quality of life was objectively decreasing while stocks went up. What about that makes it a “good” economy for the majority of people?