Wages now rising faster than inflation

[Concart]

Your gay chart validates my point.

You don’t know how to read charts do you?

No it does exactly the opposite. Gay chart? Are you still pretending o be a woman?

 

[Concart]

Maybe I’m off here but to me not every person in this country spends their life focused on politics or is driven by partisan ideology. (plenty are but not everyone).

There are a certain percentage of people on the right and left who will never ever support the other side and will never credit the other side for anything. But there are also large numbers of people who don’t fit in that category. They aren’t ideologies nor hard core partisans. So these folks could vote for someone but also say they don’t think they are doing a good job (either overall or on a particular issue).

Inflation may be dropping but that doesn’t mean it’s good. Costs are still up and people may still feel poorer or that things aren’t as good. That could change in time but that’s likely why so many feel the way they do about the economy.

The next election is not about Biden. It is about Trump and the GOP culture wars.

Kansas made abortion rights a constitutional amendment. Wisconsin elected a liberal judge by TEN POINTS”. Jacksonville elected a Democratic mayor. Dems gained governors and legislatures in a midterm that was supposed to be a red wave. And the climate in 2024 is WAY worse for Republicans.

A rout is coming. I stand by that one.

 

[Cypress]

August 2020: Trump Predicts Disastrous Depression if Americans Dare to Vote Biden In


A Biden win is a disaster for the economy, President Trump told Fox News' “Hannity” on Thursday.

Not only would a Joe Biden presidency get rid of the Second Amendment and raise taxes, the president said, but it would also cause an economic depression.

“You could forget about the Second Amendment if we lose this election,” he said. “And your taxes will be doubled, tripled and quadrupled. Your jobs will be gone. I mean, you’re going to have a depression, if that happens


https://www.google.com/amp/s/www.fo...in-depression-biggest-headwind-to-economy.amp

 

[cawacko]

For the most part, people think of the economy as the way it is presented to them, if it is repeatedly portrayed as bad, they feel it is bad regardless of the reality

Inflation is noticed, a trip to the grocery store proves that, but it doesn’t appear to slow down most people’s discretionary spending habits. Trips, Hotels, Cars, are all up, but they are also selling. When was the last time you turned on a college football game, know you’d relate there, or any major sporting event and seen the stand empty. But guarantee if one polled the fans exiting the game they’d say the economy sucks

There's truth that people's perception of the economy can be determined by the way it's presented to them but there is always nuance in economic numbers. There can be good job growth, there can be high inflation there can be low GDP growth all at once (which we have recently experienced). Concart argued Biden's economic polls numbers are low because people don't read but one can read and see all kinds of data and two even non partisan hacks can come to different conclusions on the direction/performance of the economy based on said data.

Some people at least recognize that President's don't have total control over the economy and often get way more credit/blame than they deserve. But when pollsters ask voters how they judge a President's economic performance what is that actually based on? Do people answer based on the perception of how well the economy is doing overall? Is their answer based on a more nuanced view of how they think the President is doing based on areas the President has the most control? Is their answer based on how they are doing personally?

Edit: We can of course add to the end there some people will say the President is doing a good/bad on the economy simply based on whether they like/dislike the person and the President’s political party.

 

[Port Tack]

THE SKY IS FALLING!!!!!!!!!!!!!

Guess not. Another almost perfect jobs report, job growth has slowed, but continues to be positive. Wages grew at a rate of 4.4%, exceeding the increase in inflation. No recession. No depression. Slow but steady growth, and inflation continues to come down.

As usual, all of the idiot Trump worshipers had it wrong, Biden continues to get it right when it comes to the economy. But Hunter!!!!!!!!!!!!!!!!!!!!!!!!!!!! Cocaine!!!!!!!!!!!!!!!!!!!!!! Transgenders!!!!!!!!!!!!!!!!

2024 is going to be an absolute rout.

Discuss the brilliance of the Biden Administration in negotiating the economic rapids without tanking the economy. Can you imagine how shitty it would be if Trump was in charge? Thank God that will never happen again.

https://abcnews.go.com/Business/wir...solid-gain-potentially-complicating-100827866

No question about it. Everyone was sure there was going to be a recession but that isn't going to materialize. Inflation will continue to fall while the economy grows and republicans try and tell us Biden has lost it when he is actually sharp as a tack mentally. He will continue to use his 4-5 decades of experience to deal with the issues in a responsible manner. And NO, I don't want try and imagine how things would be if Trump had been driving the bus.

 

[Port Tack]

Actually wages were growing faster under Trump and inflation was far lower.

Guess you forgot all the records Trump broke as a first term president.

Only took your idiot three years to produce any positive numbers at all.

The only reason things worked under your idiot is because Obama fixed everything before your asshole took over. Biden has already broken the countries record for oil production and unemployment, it's less than 4%. it was like 10 or higher when Biden took over. At least you are now admitting to the positive numbers even if they have been getting better ever since his day 1.

 

[Concart]

There's truth that people's perception of the economy can be determined by the way it's presented to them but there is always nuance in economic numbers. There can be good job growth, there can be high inflation there can be low GDP growth all at once (which we have recently experienced). Concart argued Biden's economic polls numbers are low because people don't read but one can read and see all kinds of data and two even non partisan hacks can come to different conclusions on the direction/performance of the economy based on said data.

Some people at least recognize that President's don't have total control over the economy and often get way more credit/blame than they deserve. But when pollsters ask voters how they judge a President's economic performance what is that actually based on? Do people answer based on the perception of how well the economy is doing overall? Is their answer based on a more nuanced view of how they think the President is doing based on areas the President has the most control? Is their answer based on how they are doing personally?

Edit: We can of course add to the end there some people will say the President is doing a good/bad on the economy simply based on whether they like/dislike the person and the President’s political party.

Your edit is spot in, particularly in the case of the cult. Someone actually claimed Trump had better wage growth than the 4.5 we just experienced. Not ONE TIME except the first month of the original Covid recovery did Trump exceed that number. But when presented with that data, they simply denied it. That person is voting from Trump even after he is convicted of espionage and sedition. They won’t care. But informed voters will. The battle is for independents. Trump and the GOP offer those voters NOTHING.

 

[cawacko]

Your edit is spot in, particularly in the case of the cult. Someone actually claimed Trump had better wage growth than the 4.5 we just experienced. Not ONE TIME except the first month of the original Covid recovery did Trump exceed that number. But when presented with that data, they simply denied it. That person is voting from Trump even after he is convicted of espionage and sedition. They won’t care. But informed voters will. The battle is for independents. Trump and the GOP offer those voters NOTHING.

We're talking Biden's approval numbers on his economic performance (the same principles of this discussion apply to any President though). Discussing approval/disapproval of the current President's economic performance (again, regardless of who it is) doesn't matter who was President prior of who the President may run against in a future election.

I'm picking numbers out of the air here but let's say there are 30% of Republicans and 30% of Democrats who will under no circumstances give credit to a person of the other party. That still leaves a large swath of people in between. If that recent polling is accurate 34% approve of Biden's handling of the economy. To get to that number means he is getting negative reviews from a good number of independents and people who voted for him. (Not to repeat myself but this isn't about who people will vote for in the future, it's about how they view his handling of the economy).