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The big problem is that people are thinking in the wrong monetary units. While you're getting paid in a constantly depreciating fiat currency, gold has been perfectly stable, and one ounce of gold still equals one ounce of gold. And so the crazy people in Washington can't inflate it away.
It is a recession for the bottom majority of the country... That's what happens when economic growth is only benefiting the top half ....
It is a recession for many folks, and that's a real problem that pretending it's not happening won't erase for them.
Everything costs more, housing prices near me still rising, and my wage stays the same. If this is what a good economy looks like then give me a bad one.
So everything would be the same, but you wouldn't have a wage.
Economists call this a K shaped recovery. People at the top of the economy stop being in a recession. People at the bottom of the economy stay in the recession. Net, it looks like a recovery.
Except it's literally the opposite of that - wages at the top are not keeping pace with inflation (whether to blame Biden for the massive 2022 inflation spike is a somewhat different story), but wages at the bottom are increasing, even outpacing inflation. All the lines are squeezing together.
Those lines have been diverging for over a generation. You'll need a vice grip the size of the Grand Canyon to squeeze hard enough make any real world difference.
Absolutely accurate. Also means it's kind of silly to kick out (with no plan for a better replacement, and with specific plans for something much much worse) the guy who actually vice gripped them together by a little bit, though, or assert that he's hurting everyone on purpose and that they're actually still going apart and that's his fault and if you try to tell me any different then (hostility).
Usually, economic policies on the scale of the whole country take quite a while to kick in and really produce significant improvement even when you can get them through congress (which, a bunch of his more aggressive than this stuff, he couldn't).
Since this is a problem of perception the question becomes what do people think the economy would look like if it was doing well? What hasn't changed in their lives that they expected to when the economy started doing better?
By good economy you mean corporations making gang bucks while the people are being bled dry and putting shit on credit.
making gang bucks
I think you mean "like gangbusters," but it's totally possible "making gang bucks" is a term I just haven't heard before.
Cheers!
Probably, I tend to make sayings and idioms slightly off while it still makes sense. I have a joke about myself where I say I ended up at the neighbors house again.
I get that! I'm partial to "getting two birds stoned at once" and "people in glass houses sink ships" myself.
I don't want to kick a gift horse in the mouth, but as someone who loves mixed metaphors, I'm stealing these.
Not the sharpest bulb in the tree.