Why aren’t Americans happier about the economy?

B

BidenPresident

Verified User
But I think the deeper reason Americans don’t feel very good about the economy is that is that the vast number of working non-college grads – some two-thirds of the adult US population – are still bogged down in dead-end jobs lacking any economic security, while struggling with many costs (such as housing, childcare and education) that continue to soar.

In other words, the economy is getting better overall – but overall has become a less useful gauge of wellbeing as the rich get richer, the poor grow poorer, and the working middle is under worsening siege.

https://www.theguardian.com/commentisfree/2023/jul/10/america-economy-robert-reich
 
BidenPresident said:
But I think the deeper reason Americans don’t feel very good about the economy is that is that the vast number of working non-college grads – some two-thirds of the adult US population – are still bogged down in dead-end jobs lacking any economic security, while struggling with many costs (such as housing, childcare and education) that continue to soar.

In other words, the economy is getting better overall – but overall has become a less useful gauge of wellbeing as the rich get richer, the poor grow poorer, and the working middle is under worsening siege.

https://www.theguardian.com/commentisfree/2023/jul/10/america-economy-robert-reich
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Most people get jobs with limited growth. That is why they learn and move on. The problem is inflation. It worries people.
 
BidenPresident said:
But I think the deeper reason Americans don’t feel very good about the economy is that is that the vast number of working non-college grads – some two-thirds of the adult US population – are still bogged down in dead-end jobs lacking any economic security, while struggling with many costs (such as housing, childcare and education) that continue to soar.

In other words, the economy is getting better overall – but overall has become a less useful gauge of wellbeing as the rich get richer, the poor grow poorer, and the working middle is under worsening siege.

https://www.theguardian.com/commentisfree/2023/jul/10/america-economy-robert-reich
Click to expand...

The economy sucks you friggin idiot. Home mortgage rates are more than double of what they were when Brandon took office.
 
Lagging public opinion is always part of the equation


Republicans lie about things being great under their lead


They brag their asses off

Remember how great all the republicans here thought the Bush economy was right up until the whole mess they created collapsed



Republicans use lies

Democrats don’t use lies

They have to go against their own natures to brag

Clinton did good stuff and did some bragging about it


DEMOCRATS NEED TO LEARN HOW TO BRAG
 
Lionfish said:
The economy sucks you friggin idiot. Home mortgage rates are more than double of what they were when Brandon took office.
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Dear fucking idiot

The interest rate was too low

Why was it so low?

Because your assholes trashed the economy with your economic ideas under Bush remember fuck fart?

You understand nothing about how to manage an economy

Fuck you very much
 
Let’s just take a little gander at the history of interest rates shall we?


I’ll go get the FACTS
 
What are, or ever were, things Americans were happy about? Sure inflation is present, but it is fading, and there is a lot of good economic news, but people never say they are happy or content with their economic status, even if it is good, most want to think it will get better

Even with Inflation, cars sales are up, hotels are booked, travel is peaking, have you ever noticed an event shown on TV with a stadium three quarters empty? And if you polled those people walking out of that event, or those visiting a resort, they’d tell you the economy sucks
 
U.S. Interest Rates: Historic Highs and Lows
What are the highest and lowest rates throughout history?

Prior to today’s historically low levels, interest rates fell to 1.7% during World War II as the U.S. government injected billions into the economy to help finance the war. Around the same time, government debt ballooned to over 100% of GDP.

Fast-forward to 1981, when interest rates hit all-time highs of 15.8%. Rampant inflation was the key economic issue in the 1970s and early 1980s, and Federal Reserve Chairman Paul Volcker instigated rate controls to restrain demand. It was a period of low economic growth and rising unemployment, with jobless figures as high as 8%.
 
the current economy is a mixed bag of goods and bads. Inflation is still stoking fears about costs and job stability, even though it is slowly improving in some areas. The mortgage and housing issue may, or may not, burst it's bubble and that alone is also causing major fears among new homeowners and the lower/middle class.

I won't give it an F, but it's not an A either. It currently sits at a C+ as we wait out the runup to the 2024 election
 
archives said:
What are, or ever were, things Americans were happy about? Sure inflation is present, but it is fading, and there is a lot of good economic news, but people never say they are happy or content with their economic status, even if it is good, most want to think it will get better

Even with Inflation, cars sales are up, hotels are booked, travel is peaking, have you ever noticed an event shown on TV with a stadium three quarters empty? And if you polled those people walking out of that event, or those visiting a resort, they’d tell you the economy sucks
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It always happens


People say their finances are good but that the general economy isn’t

It’s perception not reality


The republicans brag about how great their economies are and then they crash into a mess because they have idiotic economic ideas that lead to crashes


Democrats use logical proven methods that create a stable economy that doesn’t crash



Most people DONT UNDERSTAND ECONOMIC THEORY

Republicans want a crash and boom economy because the wealthy love that



They make money coming or going



Most people need a stable economy to build wealth
 
Lionfish said:
The economy sucks you friggin idiot. Home mortgage rates are more than double of what they were when Brandon took office.
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THIS! THIS IS AN EXAMPLE OF WHY THE FRB's WAY OF HANDLING AN ECONOMIC RECOVERY IN PANDEMIC PROPORTION, THAT IS SPREAD AROUND THE ENTIRE WORLD IS NOT ALWAYS RIGHT! Raising bank rates is not the FUCKING ANSWER!

It only protects the ones grandfathered in- the elitists- the wealthiest Americans- it does not help the most vulnerable to inflation- our young adults who are just starting out in their careers- just starting their families!

Raising FRB rates can become like pouring gasoline on a fire.

This is proof that America has a systematic Class war that hurts every American family.

This is proof that a Trickle-Down economy does not work.

This is why Wall Street is never going to be MAIN STREET!

This is proof why we cannot have a Plutocracy hiding behind a FALSE DEMOCRACY!

This is why we do not want the Federalist Society comprised of WHITE SUPREMACIST Billionaires running our Congress, our Supreme Court, and using their money to elect Billionaires to be our presidents- most certainly those who are just in it to stay out of jail and make themselves even richer at the taxpayer's expense!

This is why you better stop all the hatred and start voting Democratic because your own lives and well being, if not affected already- IT SOON WILL- if you continue to vote with the HATERS and for the plutocrats- while they are laughing all the way to the bank with your money!

The Democrats are the only party that will ever be able to resolve economic problems and help conserve Freedom for all and Democracy!

The Democrats are the new true CONSERVATIVE PARTY! The Republicans are imposters- who have a very foolish, reckless, and ignorant base of supporters being taken advantage of- who are preying on, and well taking advantage of your truest personal and immoral weaknesses- and you people are just too hateful, cynical, and acting too stupid to realize it.

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SmarterthanYou said:
the current economy is a mixed bag of goods and bads. Inflation is still stoking fears about costs and job stability, even though it is slowly improving in some areas. The mortgage and housing issue may, or may not, burst it's bubble and that alone is also causing major fears among new homeowners and the lower/middle class.

I won't give it an F, but it's not an A either. It currently sits at a C+ as we wait out the runup to the 2024 election
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The housing isn’t going to crash you ass flap


The fundamentals are fine


Do you even know why it crashed under Bush you fake expert?
 
Geeko Sportivo said:
THIS! THIS IS AN EXAMPLE OF WHY THE FRB's WAY OF HANDLING AN ECONOMIC RECOVERY IN PANDEMIC PROPORTION, THAT IS SPREAD AROUND THE ENTIRE WORLD IS NOT ALWAYS RIGHT! Raising bank rates is not the FUCKING ANSWER!

It only protects the ones grandfathered in- the elitists- the wealthiest Americans- it does not help the most vulnerable to inflation- our young adults who are just starting out in their careers- just starting their families!

Raising FRB rates can become like pouring gasoline on a fire.

This is proof that America has a systematic Class war that hurts every American family.

This is proof that a Trickle-Down economy does not work.

This is proof why we cannot have a Plutocracy hiding behind a FALSE DEMOCRACY!

This is why we do not want the Federalist Society comprised of Billionaires running our Congress, our Supreme Court, and using their money to elect Billionaires to be our presidents- most certainly not those who are just in it to stay out of jail and make themselves even richer at the taxpayer's expense!
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Dude

It’s working
 
evince said:
The housing isn’t going to crash you ass flap


The fundamentals are fine


Do you even know why it crashed under Bush you fake expert?
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why don't you try actually reading an entire post before you fucking explode in a tirade of hate filled venom, you dumbass moron.
 
https://www.meettally.com/blog/how-...s can stave,lower prices and reduce inflation.


Inflation 101: How Does Raising Interest Rates Help Inflation?

The Fed raises interest rates amid high inflation, but what good does that do?

Justin Cupler

Contributing Writer at Tally
December 6, 2022
When inflation hits, the Federal Reserve — sometimes referred to as the Fed or the central bank of the U.S. — jumps into action to help reduce prices. It does this through incremental increases in the federal funds rate, which is the interest rate banks charge each other to borrow or lend excess reserves overnight.

But how does raising interest rates help inflation? We’ll explore that and more, but first, let’s dig into what inflation is and what causes it.
 
What causes inflation?

Inflation has two common root causes: production cost and demand.

Demand-pull inflation is when there are too many people with too much cash trying to purchase too few goods, throwing off the balance of supply and demand. If we’re suddenly flush with cash, we tend to spend more, which drives demand upward and thins out the supply of available goods.

Once demand starts to rise and supplies fall, prices will creep upward. A good example of how these higher prices appear can be found in the new car market. If a special edition vehicle comes out or a particular vehicle is in extremely high demand, dealerships will often add a dealer markup on top of the manufacturer’s suggested retail price because people who want the car are willing to pay a higher price.

The other kind of inflation is cost-pull inflation. This is when the cost to produce an item rises due to supply chain shortages, higher raw material prices or a rise in wages. Demand will remain steady, but the manufacturer is forced to raise prices to compensate for the additional cost of producing the item.

For example, if the price of steel suddenly rises, car manufacturers could raise prices to make up for the increased cost.

How does raising interest rates help inflation?
The Federal Reserve is responsible for promoting maximum employment and stable prices and currently says a 2 percent annual inflation rate is considered stable pricing; anything above that’s regarded as unstable. So it creates monetary policy to maintain that roughly 2 percent inflation.

When there’s demand-pull inflation, the Fed generally uses interest rates to help fight inflation. The Fed’s goals are to slow consumer demand, consumer spending and bring prices back down. They do this by increasing the federal funds rate by a fraction of a percentage point at a time. This will gradually increase interest rates.

As interest rates rise, consumers tend to purchase fewer large-ticket items like cars, real estate and pricey electronics due to the higher cost of borrowing. This then lowers demand, calming a surging inflation rate.

For example, as of October 2022, the Fed has enacted several interest rate hikes, bringing the federal funds rate from 0.25 percent to 3.25 percent, due to the highest inflation the U.S. has seen in 40 years.
 
SmarterthanYou said:
why don't you try actually reading an entire post before you fucking explode in a tirade of hate filled venom, you dumbass moron.
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Why don’t you accept facts



Republicans crash the economy


Democrats fix it with sound, proven economic management tools

The history of this nation proves it over and over shit ball
 
Let to merely take its natural course our economy would develop a cycle of overheat and crash

So smart people figured out a way to keep the crashes at bay


HOW TO MANAGE AN ECONOMY



That is why the Keynesian school works



And it’s provably worked throughout history



It’s the adult method


Republicans want a boom and bust economy


Go look at the entire US history of economic cycles


The first years were nothing but boom and bust

Then we began to learn how to MANAGE the economy to slow and speed it along as needed


You can see this pattern in the historical numbers paired with the development of these tactics


It’s real easy to study


Just go get the entire record and look at it


I really wish people would pay attention to the facts
 
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