Mandate WFH for companies that have proven they can do it especially for those of us who would rather die than be in a room full of people.
this post was submitted on 06 Feb 2024
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What part of 6% mortgage and 9% auto loans screams "great economy" again?
This doesn't matter and it's actually a good thing rates are going back up. Rates are still lower than they have been. The real issue is greed and pretending like it's inflation. Rent has gone up. Food prices have gone up. People are constantly laid off and there is no job stability. Employers now have the upper hand. All of this and wages have not increased.
Reaganomics is garbage and doesn't work. Taxes on the rich are at an all time low. The economy is doing well, but the wealth is not being distributed in the way that it should.
I mean neither of those is a problem, the problem is that prices aren't adjusting to match.
But housing won't go down because it's become an investment, and cars won't go down because during covid manufacturers learned only selling expensive models increases profit margins.
If anything, high rates are good. They encourage saving and curb consumerism, which are both things Americans at large can use help with.
Housing has always been an investment hasn't it? I guess you are talking about companies buying homes. I feel like that shouldn't be allowed.
Tesla prices are plummeting though, so I suspect car prices will fall all over now.
Tesla is getting hit hard and fast. I watch car news and it's still mostly manufacturers announcing new model years that are significantly more expensive than before.
Housing really became an investment in the late 80s to 90s, that's part of what drove the McMansion boom. Not for corporations but individuals, who are actually the largest driver of prices not adjusting. Don't get me wrong, corporations are buying an increasingly large chuck and this will be a problem, but right now it's not the big one. In my area there are an absurd number of houses for sale compared to normal. All of them are overpriced, almost none of them are selling, and yet they increase the list price every month like clockwork. These are individuals, not corporations. Until these individuals accept that the house they bought for $50k isn't worth $1.5m, prices will not go down.
My spending on groceries has almost doubled. I went from being ok to barely making it. It's great.
Fun times. /s
We need a new New Deal.
It's not working for the middle class. It's working for another class.
This is the same as when Trump says the economy is great, its just great for stockholders. Biden knows this, hell half the people he's speaking to know this but will believe him anways. It's okay though, next time a republican is elected they'll go back to remembering that 'the economy' is just code for rich peoples investments. But not a moment before then, because they're utterly terrified of critisizing Democrats.
I dunno. I don't really think they're connecting it. All of the messaging I'm seeing is around "hey. We did a great thing. Why aren't more people cheering us on?"
Biden has just started to go after food gouging, but hasn't really done anything about companies like Black Rock buying up all the housing and jacking up the rental and real estate markets.
But who knows. It's messaging from the white house, so it may or may not be misguided.
That article seems like utter bullshit designed to make Biden seem out of touch. There’s no proof, it’s all hearsay about him supposedly seeking questions from his advisors. What is CNN’s angle here?
President feigns ignorance of basic domestic economics to appear sympathetic going into an election cycle
Everything in economics comes at its cycle. The economy improves, hiring picks up, and if jobs exceed workers by enough, eventually, wages go up. Even then, it takes a while for workers to feel confident. Corporations generally will put more hiring and wage raises off as long as possible.
This cycle is not in sync through the country. Hot areas will have to respond faster. Cooler area may not respond at all. Red states are generally in cooler regions. Austerity does not promote growth.
The US economy is doing well for rich people.
FTFY
What a senile old pos classist fuckface.
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