CNN's Burnett asks Biden how he is going to turn the economy around. He said he already has.

People are (sometimes willfully) confusing "the current status quo is fucked" with "there is no improvement resulting from the measures taken by the administration". The former is true - the latter is not.

Your feelings about the economy don’t matter when the data all goes in the other direction

Except its not "all the data". Its "the data we've always used to measure this up to now".

The disconnect is that classic measurements of national economic health used to reflect the earning and spending power of average Americans. So using the same basket of measures and things that can affect those was a valid approach. In recent years those measurements don't reflect average Americans anymore. Inflation has eaten away at the value of savings impacting older Americans. High interest rates are now acting as a double whammy for young Americans that need borrow for higher education as well as first time home buyers, but the costs of both have risen sharply in the last 20 years. So while the high cost has been a problem, the now high interest rates are a force multiplier stepping on the necks of young Americans.

I don't disagree that Biden's actions have improved classic measurements. Those are still valid and useful for where they apply. I disagree that those measurements still reflect the experience of regular Americans. Thats a problem that extra economic measures should be included when looking at the experience of regular Americans.

Peasants, We have increased your daily crumb rations by 1.2%. Be grateful for that.

Are they? I got a 3% ‘raise’ again this year and that doesn’t seem like it’s keeping up with inflation. And yes yes get a different job, blah blah.

This is all about the disconnect between feelings and actual data. The question is how to get them back in sync. Some of that is time, but people will feel negatively as long as their media keeps telling them they are worse off.

For me it’s time. I know that be all objective measures I’m better off. It’s not just the overall stats but I got decent raises two years in a row. I still get hit with how bad inflation is. But a big part is that I stopped buying stuff for a couple of years. I cut back to really only make necessary purchases. Now that I have a little more available resources, and can make a few discretionary purchases, I’m hit by the last 4-5 years of inflation since I even looked. My comparison point is pre-COVID

Your statements about it matter as much as his opinion without sources. Not disagreeing or agreeing, just seeing two opinions and no facts.

But I think you can understand why three years of improvement after four decades of stagnation might not dramatically move peoples' perception of the economy. Plus, are real wages up for everyone? Is it average real wages? Median? There's a big difference. It's entirely possible some people are experiencing much more real wage growth than others.

Edit: apparently a lot of you are confused. You seem to think that if wages are up for some, they must be up for all. That's not how it works. Not everyone got a raise over the last three years. Some people did, others didn't. Some people saw their income increase dramatically, some saw their income stay about the same, and some saw their income go down. And that's true whether the incomes in question are measured in "real" (inflation adjusted) terms or are nominal figures.

Serious question: are they up higher than inflation if you adjust for the last three years?

My wage has not budged in four fucking years and no wages in Oklahoma have gone up if anything they going down.

My company will not give raises and I get paid more than any other person in my field and it isn't enough.

They literally offering jobs here at 12 an hour you be lucky to see 15 with bunch bullshit stipulations.

Lol

Look, peasants, wages have gone up by slightly less than 1% for reasons having nothing to do with the government, be grateful!

I definitely agree with you about the data, but people's feelings do matter, that's why we're currently experiencing a vibecession.

Consumer and credit card debt would like a word.

Honestly though, Venusaur is really the worst pokémon, and this move has the smallest pp in the series.

I wish you'd saved your time announcing it.

Good for you for having a reasonable mind in defiance of the system and the countless, unfortunately brainwashed thralls that continue to support it.

A no-vote is a vote against a tyrannous and oppressive system. Every 4 years is a new "emergency, vote for the lesser of two evils!!!" And every 4 years, we descend more rapidly into authoritarianism.

Do not participate in this system created by slavers. Put your energy elsewhere. Can't we do better today? Put your energy into better.

Attention is currency. Around the world, we need to stop giving these tyrants attention. Corporations have record profits yet the prices of food keep increasing, wages stay stagnant, mass layoffs are occurring, and the global temperature keeps increasing. They do not care, because they have hoarded all your attention and power, and they use it to make a nee world for them.

Their "governments" that they make you think are actually yours, serve that machine of their safety. You are in the meat grinder, and they consume the meat.

The grinder is perfectly balanced. Every vote for the side you think is benevolent gets balanced by a vote against it. You will NEVER have an impact on change within the system. The best thing any individual can do is STOP. Opt out of the system. Live closer to nature and form new, self-sufficient communities.

A no-vote is just the beginning of opting out. The PEOPLE have the power, not a slaver-created mechanism they call a "government".

That's literally their goal. Wealthy elites and corporations want to bury the middle and lower classes.

What's your solution?

Corporate ownership of housing is a major problem that no legislator seems to be handling. The Feds should start building and selling houses to individuals themselves. I believe that is one way to lower housing costs and increasing private ownership.

Food tracks the general inflation closely, it hasn't actually gone up faster than the inflation in any meaningful way

It's not hard to find examples of products where prices have gone down. Prices for literally all electronic goods have been decreasing for a long time, for example.