this post was submitted on 18 Jan 2024
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[–] fosforus@sopuli.xyz 16 points 10 months ago (4 children)

I'm the opposite of a Trump supporter, but

  1. economic decisions have long latencies
  2. the improving curve of US economics started during Trump years and merely continued during Biden years
  3. economic decisions are largely made outside of the Executive Branch
[–] ThatWeirdGuy1001@lemmy.world 79 points 10 months ago (3 children)

Idk if you understand this but the richest companies in America having record profits doesn't mean the economy is doing well.

The economy isn't doing well unless people are paid livable wages that allow them to circulate their money into the economy.

A bunch of rich fucks getting richer and sitting on the wealth like dragons is not a good economy.

[–] Zuberi@lemmy.dbzer0.com 25 points 10 months ago (1 children)

BINGO. Don’t ever question it. Hand-waving away our democracy for DECADES as the lesser of 2 evils.

Fuck this shit. Fuck the MIC. Fuck the 1%.

If you act like a dragon (hoard enough wealth to solve all of humanity’s problems), you deserve to be cut up and fed to the local town of the Hero who ended your life.

Did that scare you? There aren’t that many of you fuckers. Best of luck.

[–] CADmonkey@lemmy.world 1 points 10 months ago

I've been watching a very complex and large house being built over the laat few years. Probably the house of someone important. I'm sure it's very safe with no easily exploited vulnerabilities.

[–] Aceticon@lemmy.world 3 points 10 months ago* (last edited 10 months ago)

Four decades of neoliberalism and neoliberal propaganda and most people seem to have forgotten (or spent their whole life never hearing about) the "small detail" that, unlike the way politicians spin it, The Economy is a means to an end, not an end in itself.

The objective is to have people in general have a better life, not to increase a grand-total when either it doesn't even reflect economic improvement for people in average (for example, GDP goes up but population goes up faster, so it's actually down per-capita), the improvement in the aggregated amount is so ill-distributed in practice that most people see none of it (or are even worse off) and only a few gain or it comes at a cost for other things which are more important for quality of life (for example, quality of life goes down due to Polution or increased insecurity).

A government that governs for The Good Of The Economy is not governing for the good of most people, it's governing for some other group than "most people", most likely those whose income comes from the ownership of Assets, since Asset values roughly go up with broad Economic growth whilst things like salaries do not.

[–] fosforus@sopuli.xyz -2 points 10 months ago

Idk if you understand this but the richest companies in America having record profits doesn’t mean the economy is doing well.

It's sad that people upvote you so much because I believe it can lead you to thinking you're on to something.

[–] jas0n@lemmy.world 10 points 10 months ago (1 children)

You are 100% on 1 and 3. And I will believe 2 if you can prove it.

[–] WalrusDragonOnABike@reddthat.com 1 points 10 months ago

Compare April 2020 to January 2021. /J

[–] doctorcrimson@lemmy.world 6 points 10 months ago

Pretty sure from the peaks caused by Obama Era policy to the very massive economic downturn started very late into and following the Trump admin, but a lot of that is based on the Pandemic's effects.

[–] LKPU26@lemmy.ml 5 points 10 months ago

You are right. Taking credit for the other party's reforms has been going on for so long it's just taken for granted now.