when we say the economy was booming, we are talking about the capitalist economy under capitalism which they claim was not booming. this not a moral or philosophical debate about capitalism with which i think we’d mostly agree. try to stay on topic so we can work together
no one said it was “good”, we said it was booming in response to people who are lying and saying it was not booming. we are saying it was better than what is happening now. can you please respond to the actual arguments being made instead of derailing things?
The economy was, in fact, very good. Income inequality was very bad. Income inequality has been increasing for decades. The perception of us poors that our personal economies are bad is not the same. Trump is planning to make income inequality exponentially worse.
Anything saying the economy was good was measuring bullshit that doesn't tell you anything meaningful. Nobody gives a shit if the economy is good for rich people. It only matters if it's good for everyone
Then the economy has sucked for DECADES and no measurement of the economy is real, because when I was a kid the bank president and the grocery clerk could afford homes and that hasn’t been the case for a very long time.
I went against my morals and voted for the dem fuckface, and I spent the pre-election arguing for other leftists to hold their noses and vote for her too out of harm reduction.
It was. It's the only G7 economy (except maybe Canada) that achieved a soft landing after the COVID inflation that rocked the globe.
Yes, things could have been better for everyone, but considering Biden had 48 straight months of positive job growth while most of the world was in recession...
In comparison to utopia the economy was bad. In comparison to every other developed economy in the world (in reality) it was the best economy. Inflation was coming down, unemployment was low, wages were up. Room for improvement but that doesn’t mean it wasn’t “good”
I don't think anyone's trying to argue that the economy under Biden was a perfectly equal society that didn't have its own issues
What they are saying though is that by the very same metrics that Biden versus Trump's economy would have been judged by Biden's was significantly better
Yeah an I'm saying the metrics you're using are bullshit. Your metrics assume wealth will trickle down from the oligarchs, which we know is factually untrue
Agree. Too many people use the stock market as the only gauge of the economy. One of many indicators of an economy. Rising market favors the wealthy and increases inequality in general. Too many wealthy D donors will not let democrats do things to help most Americans such as Medicare for all.
Should add that no republican is making that argument that while this hurts the rich it will help the poor. A completely crashed economy will help neither obviously
No, you are conflating two different things entirely. What you are talking about is probably related to wealth distribution which I agree wasn't great under Biden
But what the Republicans are trying to argue is the very same metrics by which economies are judged that Biden's wasn't very good
Also, under Biden the wealth gap closed, not by much but it did close, for the first time in decades. And it was done through rising wages for the lower and middle classes
Or to put this another way, if you think that Biden's economy wasn't working or wasn't trickling down as you say, then you have to probably agree that Trump's is significantly worse than what Biden's was doing, right?
So in either way, Biden was still doing better than Trump currently is.
The disconnect between ivory-tower economic metrics and the actual truth on the ground, and the dems' failure to acknowledge it, is a big part of why Kamala lost
Possibly before I was born, when the top tax bracket was 91% and people's retirement wasn't tied to the fucking stock market. When people could live off minimum wage. But again I've only read about this
Income inequality is a problem, but its not technically the exact same thing as "the economy." And a majority of people under Biden were ok financially. Some weren't and their concerns and complaints are valid, but claiming the economy is only as strong as the bottom percentile is naively utopian.
A relatively small percentage can't do so. The stronger the economy, the smaller that number actually is too. Would you say decreasing that number is bad? No. You're just being ridiculous. If you can't say decreasing the number of poor people is good, its an absurd position.
If you're just gonna make up things, you're not worth discussing this with. I literally never suggested trickle down nor did i even remotely suggest it. you're either too uninformed on this topic or just trolling. but theres no sense continuing.
You would need to ask Republicans who refuse to increase the minimum wage that question. I left that party in 2017 when they voted for budget busting tax cuts for the wealthy.
This is a perfect example of the out-of-touch elitism I'm talking about. Most people can't afford investments because they're struggling with rent and food and medical costs
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That is the very definition of a capitalist “economy”
You have to decide what you want, an egalitarian society w/wealth redistribution, or a free market promoting wealth hoarding
At least under Biden some $ was still somewhat being spent on actual people/causes instead of oligarch super yachts
I went against my morals and voted for the dem fuckface, and I spent the pre-election arguing for other leftists to hold their noses and vote for her too out of harm reduction.
Not that it matters. Fuck you.
Yes, things could have been better for everyone, but considering Biden had 48 straight months of positive job growth while most of the world was in recession...
Fucking hell are you really this privileged and ignorant about the suffering around you?
It was a far better economy than anywhere else - don't let your fantasies blind you to reality.
That economy and administration were making incremental improvements every year. Good and incrementally improving is what we should strive for
What they are saying though is that by the very same metrics that Biden versus Trump's economy would have been judged by Biden's was significantly better
But what the Republicans are trying to argue is the very same metrics by which economies are judged that Biden's wasn't very good
So in either way, Biden was still doing better than Trump currently is.
Now…the wealth gap is on ketamine…I mean steroids.
If most people are struggling to make ends meet, then the economy cannot be considered great. Come down from your ivory tower and you'll see
I made 50% on my investment returns in 2023/2024 under BIDEN.
I have lost 15% since Trump was elected. In Trump 45, I didn’t have the windfall that I had under Obama and Trump!
Anyone who didn’t doesn’t know shit or is “straight up” lying.