this post was submitted on 15 Apr 2024
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The modern Democratic Party, and liberalism itself, is to a substantial extent a bastion of college-educated, upper-middle-class professionals, people for whom Biden-era inflation is unpleasant but rarely calamitous. Poor, working-class, and lower-middle-class people experience a different reality. They carry the searing memories of the Great Recession and its foreclosure crisis, when millions of American households lost their home. A large number of these Americans worked in person during the dolorous early days of the pandemic, and saw its toll up close. And since 2019, they’ve weathered 20 percent inflation and now rising interest rates—which means they’ve lost more than a fifth of their purchasing power. Tell these Americans that the economy is humming, that median wage growth has nudged ahead of the core inflation rate, and that everything’s grand, and you’re likely to see a roll of the eyes.

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[–] RedWizard@hexbear.net 1 points 1 year ago

Fucking Idealist ghouls living in candy land while the rest of us slave away in the pits of hell for their fucking decadent lifestyle. Never once do they have to check their receipts and face reality, and even if they did, they wouldn't understand the prices they observe with their own eyes. There will never be an adjustment to the Inflation Index or the Consumer Price Index because the people who use those indicators are not tracking the real economy. They're tracking the economy of Elysium! The economy of the Titans! They're not tracking it for us, the shit rakers, and our daily lives. It's of no consequence to them if we are crushed under the Titan's heel as they stride the Earth. That's just business baby!