I was gonna title this “And here I sit so patiently waiting to find out what price you have to pay to get out of going through all these things twice” and then write “Stuck inside of America with the fascism blues again” here, but I’m not sure if that comes off like gloating and that’s honestly the last thing I want to do this morning.
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
Like I said: Trump fucked it, Biden unfucked it starting in January 2021 and got it under control. And, because the media laps up a good narrative like no other, Biden got the blame for what Trump did, when the US recovered better from Covid inflation than pretty much every other country in the world.
If you’re struggling now, and “holding your vote in protest of the Democrats,” then I withdraw a little bit of my sympathy. You’re going to get it right up the ass very hard in the next few years, if you did that, and although it won’t be completely your fault you will have helped make it happen.
Correct me if I’m wrong, but this is a measure of average wage growth right? I think it’s possible that there are big variations between geographic regions and industries and income, so for some people wage growth more than outpaced inflation but for a lot of others it didn’t.
Here’s the median, in inflation-adjusted dollars:
https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/
It bombed in 2022 and then went back up. It’ll be higher in 2024 than it ever was, and it’ll probably keep going up until anywhere from 0 to 2 years into Trump’s presidency, and then it’ll bomb again much harder as everything goes completely to shit. The normal cycle would be that it gets handed back over to a Democrat in 2028, he spends the first 2-3 years of his presidency fixing things from the previous Republican’s disaster as happened in 2009-2012 and in 2021-2022, and then during the next election everyone blames that 2-3 years on the Democrat and says the Republicans are better with money.
We’re about to go so far off the map that it seems unlikely for that cycle to happen this time, but that would be the normal cycle.
The economic struggle and inflation only fell on people under Biden’s presidency and vastly after Ukraine war. what people live under is what matters. not that a trump presidency will alleviate this. but you shouldn’t expect people to reelect the same team that choose to extend a war in Ukraine and send 100 billion to Ukraine while their own are struggling.
a) they didn’t start that war,
b) out of all the stupid shit our federal government spends money on, why fixate on this one?
c) rich people and companies are under-taxed anyway, so it’s not like we’re hurting for potential revenue. We have more than enough money to fund Ukraine’s defense and take care of poor people.
That much I agree with and have known since George W Bush won the popular vote in 2004 despite there being no WMDs in Iraq and all sorts of civilian casualties because gas stayed cheap
A haaaaaa
Hey, what do you think of Alexei Navalny?
Don’t care really! I don’t believe in heroism. He didn’t deserve to Die in a prison though.
My curiosity was just aroused because you blamed 8% inflation which hit every country worldwide and is related to how much companies want to charge individuals for private transactions, on US government spending on behalf of Ukraine, the total over all years of which added up to 1% of the federal budget for one year, and had nothing to do with either private individuals or companies. It’s a staggeringly weird leap to make. Unless you were, say, trying to find a reason why aid for Ukraine would be a foolish thing for governments to do, and trying to make the case that it was hurting the individuals in those countries using some sort of moon-logic.
Usually, the government spending money domestically on weapons or whatever, and then giving the product away somewhere so we have to make more of whatever it is right away, stimulates the economy. Even aside from those other weird aspects of your decision to say that, it’s also a backwards thing to say in terms of how government spending usually works.