The American Economy Is Historically Strong. Workers Are Doing Better Than They Ever Have

[sparky]

Please...

Don't oblige me to spend several minutes trying to get at it.

you're under no obligation for self enlightenment here 5th ........~S~

 

[CrusaderFrank]

No...it didn't.

That's ridiculous.

It’s obvious and a truism that government creates inflation. Vast expansion of money supply causes inflation 100% of the time

 

[The5thHorseman]

you're under no obligation for self enlightenment here 5th ........~S~

Youtube is the source for "enlightenment"?

 

[The5thHorseman]

It’s obvious and a truism that government creates inflation. Vast expansion of money supply causes inflation 100% of the time

Stop...

You don't have any idea what you are talking about.

 

[iamwhatiseem]

• The US unemployment rate today is 3.4%, the lowest peacetime unemployment rate since WWII, and the lowest since 1969. A majority of Americans alive today have never experienced an unemployment rate this low. The current Black unemployment rate, 4.7%, is the lowest ever recorded. The worker participation rate for prime age workers is now higher than before the pandemic.
• In the last few months, America has experienced the lowest uninsured and lowest poverty rates in its history.
• GDP growth is averaging over 3% in the Biden era, a very strong number. Our economic recovery from COVID is the strongest of all advanced economies. The Dow is up 24% since Election Day 2020, and is at the upper end of its performance over the past generation. Wage gains and new business formations are at historically elevated levels.
• The current Atlanta Fed GDP Now forecast has GDP growth coming in at 2.9% this quarter. Job growth remains very strong - 253,000 last month. While things are slowing down, as we want them to be, we are not currently headed toward a recession.
• Despite the enormous global disruption of COVID and the Russian invasion of Ukraine, the American economy is remarkably strong, people are working, their wages and incomes are rising, and fewer are uninsured than ever.

It's Time for A Big Rethink on How We Poll and Talk About The Economy

The American economy is historically strong, and our workers are doing well

simonwdc.substack.com

And as long as Republicans are kept out of it, it will stay that way

 

[sparky]

Youtube is the source for "enlightenment"?

'enlightenment' has no sole source 5th

~S~

 

[The5thHorseman]

'enlightenment' has no sole source 5th

~S~

No, but it helps to have a focus.

 

[Moonglow]

not everyone can afford to buy a house moon....

Sure they can I did it at twenty five as a single parent.

 

[Moonglow]

what has been?......

The price of food.

 

[80zephyr]

Post the numbers.

We all know what you've been told.

Current US Inflation Rates: 2000-2023

Element	Annual Inflation Rate
2020	1.4
2021	7
2022	6.5
2023*	4.9

 

[The5thHorseman]

Current US Inflation Rates: 2000-2023

Element	Annual Inflation Rate
2020	1.4
2021	7
2022	6.5
2023*	4.9

That's 50% of it.

 

[Harry Dresden]

The price of food.

not were i am at it hasnt.....the price of electricity and gas for the house has gone up as well and car ins....

 

[Harry Dresden]

Sure they can I did it at twenty five as a single parent.

well good for you.....many people cant....

 

[The5thHorseman]

not were i am at it hasnt.....the price of electricity and gas for the house has gone up as well and car ins....

I remember you...

ACA quintupled your health insurance premiums, raised your deductible to "up to 7% of US GDP", and drove your long term obstetrician to pack up for Canada.

 

[Moonglow]

well good for you.....many people cant....

Can't never did nothing.

 

[Moonglow]

not were i am at it hasnt.....the price of electricity and gas for the house has gone up as well and car ins....

It has decreased around her and the prices of squash, corn, and meat have all been rather affordable. $6.95 a pound for ribeye roast.

 

[Harry Dresden]

I remember you...

ACA quintupled your health insurance premiums, raised your deductible to "up to 7% of US GDP", and drove your long term obstetrician to pack up for Canada.

you got me mixed up with someone else.....ACA had no affect on my ins.....and it was probably your OB who went to Canada...

 

[Harry Dresden]

It has decreased around her and the prices of squash, corn, and meat have all been rather affordable. $6.95 a pound for ribeye roast.

cant live on squash and corn.....try 11.95 here for ribeye....

 

[The5thHorseman]

you got me mixed up with someone else.....ACA had no affect on my ins.....and it was probably your OB who went to Canada...

My wife's actually...

But she was Canadian.

 

[sparky]

No, but it helps to have a focus.

That would be an individual pursuit 5th

As far as the OP goes, it's all about how stats are presented

On can make our economy look great using cherrypicked stats

Factor in the disparity, take out our top 1% , and it looks like sh*t

This was the jist of occupy wall street

~S~