"If Donald Trump were in office today—presiding over full employment at a time when Americans enjoyed more purchasing power than ever before, and inflation was hovering steadily around three percent—he and Republican officeholders across the country would claim credit for building the greatest economy in history. In fact, if Trump defeats Joe Biden in November, they’ll all sing from that hymnal by early 2025."
Having said /1, Brian Beutler then addresses the push among some Democrats to pretend that the economy is bad, regardless of what facts say, because many Americans claim that they "feel" it's bad even as they admit their own economic circumstances are better.
"If we can swap Republicans for Democrats without changing anything else, and the mass 'struggling' magically goes away, it seems almost mathematically true that Democratic sheepishness over their economic successes is one of the key reasons Biden’s economy is widely viewed to be a failure."
Having a degree in #internationalrelations didn't land me a proper job in the field so far, but I can now argue on the internet more efficiently about the latest pressing #global#geopolitical with some strangers. I see it as an absolute win! 💯💯
"Americans are woefully ill-informed. That’s the only conclusion one can reach from a bunch of new polls that are chronicled in the links section below.
According to a new Harris poll for the Guardian, 55% of respondents think the economy is shrinking, 56% think the U.S. is in a recession, 49% believe the S&P 500 stock market index is down for the year, and 49% believe that unemployment is at a 50 year high."
"A whopping 72% also say they think inflation is increasing.
There is only one problem. NONE of those things is true. The market went up roughly 24% in 2023 and is up another 12% this year. The unemployment rate is under 4%, a near 50 year low. GDP is growing and there hasn’t been a recession since early in the pandemic year of 2020. And the inflation rate is dropping — down to 3.4% in April."
"This data indicates that it’s very possible Biden could lose in November because people’s perceptions about the economy are flat out incorrect and many voters have little grasp of what is happening in our politics.
The media is almost certainly at fault for the misperceptions about the economy."
“Super Size Me” was a study in America’s #FastFood culture & its role in the country’s #economy & #health problems, including #obesity. He put on 25 pounds, had bouts of depression & was diagnosed w/liver ailments during a 30-day stretch of McDonald’s-only fare.
Been reading r/worldnews for a decade now and lately it has been really revealing what a propaganda machine it has become. Just got perma banned for pointing out that "legal war targets aren't necessarily ethically correct"
With Artifact gone, reddit basically gone - what other sources do you use for #geopolitics?
@hobs Thank you! Please eliminate the NFL hashtag. I make a point of telling people to not hashtag NFL, and NFL is only used during live-posting. MANY thanks again. @wraptile@rbreich@JosephMenn@MikeDunnAuthor@gtconway3@ClimateNewsNow@DemocracyMattersALot
@br00t4c
"When comparing the environmental impacts of physical and digital currencies, it’s apparent that both systems entail significant environmental costs."
There are other considerations. When I spend my money with a dollar bill No bank No computer knows what I'm spending it on.
When I spend a dollar digitally There is an electronic record of that and what I spend it on.
What I spend my money on is no 1's business but my own! #Money#Cash#CreditCard
As with all of her postings, everything Heather Cox Richardson says today deserves attention. She opens by noting that the Dow Jones closed above 40,000 for the first time in history. But "in comparison to the breathless coverage of the stock market during Trump’s administration, this milestone is getting very little coverage."