Year after year administration after administration, things are still measured off how well the billionaires are doing. So we're back to trickle down economics? Oh, we never left.
this post was submitted on 14 Dec 2023
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chapotraphouse
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I wish I could remember exactly some of what the said. It was something like "The stock market is up and that's important if..." and he said something about retired people. I wanted him to say "portfolio" very badly because it's the sort of joke I would write and put in the mouth of an MSNBC talking head. I almost convinced myself he actually did say it.
I only watch the news on pirate streams so there's no way for me to go back and check get it verbatim. I'm now convincing myself that he did say portfolio. Well, I'll pretend that he did.
I'm not kidding when I say I had to stop watching. They showed a middle-aged lady's Tiktok vid with a BIDENOMICS chyron at the top and she said "Why am I voting for Biden?!? Unemployment is down to..." and that was more than enough.
Libs when data benefits their shtick - "Look at the data! The stock market hit record highs!"
Libs when data doesn't benefit their shtick - "Look, Biden's not perfect but nobody is. His polling numbers aren't the greatest - that is true. The problem is people don't know what he's done and is doing for the United States of America. Plus - do you want Dictator Trump? Hello - you don't! Now - look at this data! The stock market hit record highs!...
They just don’t seem to get that a system that allows for and rewards the Trump shenanigans of the past decade or so, is a doomed system.
From their point of view - Trump is a nearly unstoppable monster that somehow mushroomed up out of the right-wing fever swamps. Trump is their Candyman. They know his evil malevolence will kill them if they say "Trump" five times in front of a mirror.
Yea I'll take bidenomics seriously when it stops excluding the cost of food housing and Healthcare in its analysis.
BTW just had to renew my health insurance, went up 15% this year.
Paid them $7200 last year and they lowered the cost of an inhaler from $35 to $32 one time.
Clearly that wasn't enough profit. And this is in one of the most progressive states in the country with a state run marketplace.
I don't think I've ever met a single person that gives a shit how the stock market is doing outside of the ruling class. Regular people care a lot more about rent, utilities, food, and transportation costs. The Dems are going to get slaughtered.
Daily reminder of the Economist's chart that was "Inflation excluding food, vehicle, utilities and rent costs"
Huh, how oddly specific of choices. I wonder why they excluded those things in particular?
The GOP is the default political party of the US, and its the dems job to poison the well for any alternatives. Dems just come in to soak of the blame whenever anyone's dissatisfied with the business class, but remain completely irrelevant otherwise.
Yea I'd give a shit about the stock market if I could take advantage of my companies 401k match but undourtunatly I have to choose between things like that and "having groceries" and "maintaining my car so i can get to work"
Do these people realize that you have to be financially comfortable enough to make a risky investment before getting anything of actual value from the stock market?
Sort of off-topic but for anyone else who bought stocks, Should I start selling? When people get greedy get fearful. I ended up buying some stocks since apparently the system just assumes we're all investors so if that's going to be how I get some of my money back from Wall Street, so be it. I don't like it at all but right now it's a matter of survival even if I have to play along with the capitalists for the time being.
But not even they can have the good times keep going on and on like this, the next crash is right around the corner.
If you are buying stocks for "retirement" (who the fuck knows if that'll pan out, eh) then no, don't sell. Just buy a total stock market fund like VT and never think about it until you're retired. If you need the money in the next 5 years, yes sell right now and don't buy stocks; only do that with long time horizons for your money.
Line goes up life continues the same for almost everyone