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This is a byproduct of the US political polarization. The state of the economy (and every other attribute of the US) has become a football game, and you must a

This is a byproduct of the US political polarization. The state of the economy (and every other attribute of the US) has become a football game, and you must agree with your team on the state of it per whatever the talking head coach says, lest you grant the opposing team a "win". This ruins honest discourse about the state of things.

laidoffamazon 3y ago
The state of the economy is objectively good to great. 3.9% unemployment as of today. 5% GDP growth over the quarter.
- QuarterReptile 3y ago
  As long as those are your only (or dominating) objectives.
  - laidoffamazon 3y ago
    Those are the objectives of everyone, or at least they were until a Democrat was in office. Now we're being told low interest rates are the dominating objective of having a good economy, even though they're lower than when my parents bought their first and only house in 1994 and lower than they were during the dot-com bubble.
    - yoyohello13 3y ago
      Yeah we wouldn't want stupid measurements like 'happiness' and 'stress' to get in the way of GDP.
- bequanna 3y ago
  Compare food and housing costs vs earnings now and what they were 5 years ago. In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been. This is objective reality. The economy is shitty for most.
  - laidoffamazon 3y ago
    Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce. https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96 The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad. We're seeing revealed preferences in action.
    - bequanna 3y ago
      “Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation

laidoffamazon 3y ago

The state of the economy is objectively good to great. 3.9% unemployment as of today. 5% GDP growth over the quarter.

QuarterReptile 3y ago
As long as those are your only (or dominating) objectives.
- laidoffamazon 3y ago
  Those are the objectives of everyone, or at least they were until a Democrat was in office. Now we're being told low interest rates are the dominating objective of having a good economy, even though they're lower than when my parents bought their first and only house in 1994 and lower than they were during the dot-com bubble.
  - yoyohello13 3y ago
    Yeah we wouldn't want stupid measurements like 'happiness' and 'stress' to get in the way of GDP.
bequanna 3y ago
Compare food and housing costs vs earnings now and what they were 5 years ago. In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been. This is objective reality. The economy is shitty for most.
- laidoffamazon 3y ago
  Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce. https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96 The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad. We're seeing revealed preferences in action.
  - bequanna 3y ago
    “Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation