I and many millions of others are better off financially now under Biden than we were under Trump’s stagnation and then recession economy. But maybe personal financial anecdotes aren’t the best way to judge presidential competency.
Very common misconception to say “economy good when one president in office, but when another was in office economy bad”. In reality, we live under the previous administrations policies, as our government cannot make change happen overnight. It takes years to see the impacts of policies put into place. With that being said, the recession economy were in now was caused by a lot of trump era policies, while trump was riding out obama era policies during his term (allowing him to brag about how he was fixing the economy while not lifting a grubby orange finger to do so).
We’re not in a recession. Economic growth last quarter was almost 5% (which is massive) and growth has been positive for the last 4 quarters. The average quarterly growth over the last several decades has been closer to 2%.
The economy is doing just fine. Frankly, most people hear their neighbors complain about the economy, so they think the economy is bad, so they complain about the economy, and the result is everyone thinking the economy is terrible when it objectively isn’t.
Inflation is relatively high by recent historical standards, but it’s really not that high anymore and hasn’t been for most of 2023. People got sticker shock during the height of it last year and haven’t forgotten. But the labor market is still tight, people who gave up trying to find work a long time ago are entering the market and getting jobs again, wages continue to rise, business investment is up, and small businesses are being created at a historically rapid pace.
When pollsters ask people, “how is your personal financial situation?”, most people are answering “good.” When those same people are asked, “how do you think everyone else’s financial situation is?”, they scream “TERRIBLE!” That doesn’t mean there aren’t people suffering, but things aren’t nearly as gloomy as everyone insists they are.
Much like a lot of issues, the state of the economy is a regional phenomenon.
In a Ruby Red middle of nowhere West Virginia, it’s quite poor right now. I was laid off three months ago and cant find a single job outside of retail (not doing that again) or medical care (no qualifications).
I think it would be a mistake to completely discount people’s economic worries.
That’s because you’re in a Ruby Red middle of nowhere West Virginia, where they’ve been fucking over the poor and blaming Democrats for at least two generations. Federal policy can only go so far, when it’s left to the states to determine where the money goes and what public support to offer. If you want to blame anyone for that, look to your state leadership, not Biden.
That’s fair, but if you’re pointing to middle of nowhere West Virginia it’s nearly policy irrelevant. I understand that it’s absolutely brutal for y’all right now and has been for a long time but your economy is built on an outdated fuel source, the mining of which is so much easier now that it doesn’t need the population it used to. You’re geographically terrible to build manufacturing.
Where’s your causality? You’re basically arguing that since B happened at the same time as A, therefore B happened because of A, which may be true, but can’t simply be assumed.
I would be much better off financially too if someone were willing to pay me 2-3x my annual salary to sit home for a year and a half, without the slightest concern for the impact pumping that much money into the economy all at once would cause.
I think we need to establish a “skin in the game” rule for federal office. If your age exceeds the median life expectancy of the national populace at the time of the election, you are unqualified to serve. If you want to participate in shaping the future of the nation, you have to have a future yourself.
We aren’t talking about a standard job. We’re talking about arguably the most important job in the world. There’s a reason we have a minimum age requirement too.
It’s not like age requirements for the presidency is some new concept.
Discrimination is great. When you shop for vegetables and pick out the ones that aren’t rotten or damaged, that’s discrimination. When you choose not to be friends with assholes, that’s discrimination.
You’re thinking of bigotry. Do you really think people asking for an age limit, which they themselves will be subjected to at some point, are doing so because of bigotry?
Yes, because discrimination based on age is one of the literal definitions of bigotry, but I assume you were being sarcastic, as opposed to being stupid.
Probably because a vast majority of us are discriminated against based on age, but it’s not actually illegal to do it to young people so it’s generally ignored. There’s actual good evidence to discriminate against old people as well, but since they largely control the government, it’s never going to happen.
The determining factor is not age but competency
While I think the determining factor is if I want my kids to have a democracy.
If that were the case, Trump would never have won a race for local dog catcher, let alone POTUS.
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Which ironically was the work of Obama and not Trump.
It’s well known there is a considerable lag-time between policies implemented and effects.
Much of current struggles is a remnant of the pandemic which Trump handled disastrously in his final year.
That combined with global crises, notably Ukraine-Russia.
I hope you thanked Obama for that, since that was his doing.
I and many millions of others are better off financially now under Biden than we were under Trump’s stagnation and then recession economy. But maybe personal financial anecdotes aren’t the best way to judge presidential competency.
deleted by creator
Very common misconception to say “economy good when one president in office, but when another was in office economy bad”. In reality, we live under the previous administrations policies, as our government cannot make change happen overnight. It takes years to see the impacts of policies put into place. With that being said, the recession economy were in now was caused by a lot of trump era policies, while trump was riding out obama era policies during his term (allowing him to brag about how he was fixing the economy while not lifting a grubby orange finger to do so).
We’re not in a recession. Economic growth last quarter was almost 5% (which is massive) and growth has been positive for the last 4 quarters. The average quarterly growth over the last several decades has been closer to 2%.
The economy is doing just fine. Frankly, most people hear their neighbors complain about the economy, so they think the economy is bad, so they complain about the economy, and the result is everyone thinking the economy is terrible when it objectively isn’t.
Inflation is relatively high by recent historical standards, but it’s really not that high anymore and hasn’t been for most of 2023. People got sticker shock during the height of it last year and haven’t forgotten. But the labor market is still tight, people who gave up trying to find work a long time ago are entering the market and getting jobs again, wages continue to rise, business investment is up, and small businesses are being created at a historically rapid pace.
When pollsters ask people, “how is your personal financial situation?”, most people are answering “good.” When those same people are asked, “how do you think everyone else’s financial situation is?”, they scream “TERRIBLE!” That doesn’t mean there aren’t people suffering, but things aren’t nearly as gloomy as everyone insists they are.
Much like a lot of issues, the state of the economy is a regional phenomenon.
In a Ruby Red middle of nowhere West Virginia, it’s quite poor right now. I was laid off three months ago and cant find a single job outside of retail (not doing that again) or medical care (no qualifications).
I think it would be a mistake to completely discount people’s economic worries.
That’s because you’re in a Ruby Red middle of nowhere West Virginia, where they’ve been fucking over the poor and blaming Democrats for at least two generations. Federal policy can only go so far, when it’s left to the states to determine where the money goes and what public support to offer. If you want to blame anyone for that, look to your state leadership, not Biden.
That’s fair, but if you’re pointing to middle of nowhere West Virginia it’s nearly policy irrelevant. I understand that it’s absolutely brutal for y’all right now and has been for a long time but your economy is built on an outdated fuel source, the mining of which is so much easier now that it doesn’t need the population it used to. You’re geographically terrible to build manufacturing.
.
They had to turn the money machine off because of inflation. Money machine on does feel good tho.
Actually their needless spending “the money machine” is what caused inflation
Where’s your causality? You’re basically arguing that since B happened at the same time as A, therefore B happened because of A, which may be true, but can’t simply be assumed.
I would be much better off financially too if someone were willing to pay me 2-3x my annual salary to sit home for a year and a half, without the slightest concern for the impact pumping that much money into the economy all at once would cause.
Totally agree.
Perhaps any candidate, irrespective of age, should undergo a trusted, impartial cognitive test as a condition of candidacy.
We should have a randomly selected grand jury of licensed psychologists from around the nation who do that.
I think we need to establish a “skin in the game” rule for federal office. If your age exceeds the median life expectancy of the national populace at the time of the election, you are unqualified to serve. If you want to participate in shaping the future of the nation, you have to have a future yourself.
Actually we should get back to the original concept. Real people with real jobs all termed limited for 2 terms max for either the House or Senate.
It’s astounding how many people will rail against discrimination, then turn around and immediately discriminate against someone strictly based on age.
We aren’t talking about a standard job. We’re talking about arguably the most important job in the world. There’s a reason we have a minimum age requirement too.
It’s not like age requirements for the presidency is some new concept.
Discrimination is great. When you shop for vegetables and pick out the ones that aren’t rotten or damaged, that’s discrimination. When you choose not to be friends with assholes, that’s discrimination.
You’re thinking of bigotry. Do you really think people asking for an age limit, which they themselves will be subjected to at some point, are doing so because of bigotry?
Yes, because discrimination based on age is one of the literal definitions of bigotry, but I assume you were being sarcastic, as opposed to being stupid.
Probably because a vast majority of us are discriminated against based on age, but it’s not actually illegal to do it to young people so it’s generally ignored. There’s actual good evidence to discriminate against old people as well, but since they largely control the government, it’s never going to happen.