Sharp and sustained economic criticism from Biden's ostensible allies established a narrative of failure that has proved alarmingly resistant to reality.
The stock market is doing well not the economy. The BLS statistics are bullshit. They are reporting explosive job growth when in reality full time jobs are down and there are more part time jobs, contributing to that bullshit statistic. You can scroll through more of my posts if you want to see more of my political/economics commentary
I study economics, math, Physics, AI engineering, and more. I was poly maths major. Please don’t condescend to me as if I don’t understand statistics, it’s a really easy math to lie with.
You are welcome to join the conversation here then. We looked at quite a bit of data and I think I did a pretty good job at defending the idea that the poor are, in fact, getting substantially better-off over time under Biden even under pretty challenging economic conditions. My interlocutor, for whatever reason, refused at every turn to just say “oh okay the data seem to agree with you,” and kept throwing stuff at the wall until he eventually claimed that it didn’t actually matter if a typical person was better off or not, at which point I decided we didn’t need to talk anymore. But if you want to pick that up and have a data-based disagreement with any of it, we can rap.
And yeah I was a little bit of a dick about it. I apologize (for real). I’ve been speaking with people who haven’t been real reasonable, and it’s made me rude when talking about it, but if you wanna have a polite factually-based discussion I’m up for that. If you plan to ignore all of that detailed sourcing and analysis and just make again the absolutely unjustified claim that I or the OP article are looking for some reason at the fucking stock market, then I’m going to be rude to you. Up to you though; I’m happy being reasonable if we’re being reasonable.
So, that comment section is heavily nested and hard to read on mobile
I read through that article and to be honest, I think it’s trash. I’ve already mentioned why the BLS statistics are deceiving, but even the article doesn’t hide that the economy isn’t doing better, it’s just the US is doing better than all the other countries. It doesn’t emphasize that we’re all dropping in performance, but justifies our economy is good because we aren’t suffering as hard.
But the rest of the world is suffering worse than we are, because they depend on our currency, and we have policy control over that. It was a decision to make ourselves relatively better off than our competition by making policy that harms them more.
I’m not saying anything nice about Trump, and he’s a more extreme version of the following, but Bidens policy is still “America First with a finger up to the rest of the world if that’s what it takes”
Fortunately you don’t have to limit yourself to the headline; there’s a whole article with a whole set of statistical links that make the case
You’re free to disagree of course, but just the fact that it doesn’t match your preconceptions doesn’t at all mean that it’s wrong
The stock market is doing well not the economy. The BLS statistics are bullshit. They are reporting explosive job growth when in reality full time jobs are down and there are more part time jobs, contributing to that bullshit statistic. You can scroll through more of my posts if you want to see more of my political/economics commentary
I study economics, math, Physics, AI engineering, and more. I was poly maths major. Please don’t condescend to me as if I don’t understand statistics, it’s a really easy math to lie with.
You are welcome to join the conversation here then. We looked at quite a bit of data and I think I did a pretty good job at defending the idea that the poor are, in fact, getting substantially better-off over time under Biden even under pretty challenging economic conditions. My interlocutor, for whatever reason, refused at every turn to just say “oh okay the data seem to agree with you,” and kept throwing stuff at the wall until he eventually claimed that it didn’t actually matter if a typical person was better off or not, at which point I decided we didn’t need to talk anymore. But if you want to pick that up and have a data-based disagreement with any of it, we can rap.
And yeah I was a little bit of a dick about it. I apologize (for real). I’ve been speaking with people who haven’t been real reasonable, and it’s made me rude when talking about it, but if you wanna have a polite factually-based discussion I’m up for that. If you plan to ignore all of that detailed sourcing and analysis and just make again the absolutely unjustified claim that I or the OP article are looking for some reason at the fucking stock market, then I’m going to be rude to you. Up to you though; I’m happy being reasonable if we’re being reasonable.
So, that comment section is heavily nested and hard to read on mobile
I read through that article and to be honest, I think it’s trash. I’ve already mentioned why the BLS statistics are deceiving, but even the article doesn’t hide that the economy isn’t doing better, it’s just the US is doing better than all the other countries. It doesn’t emphasize that we’re all dropping in performance, but justifies our economy is good because we aren’t suffering as hard.
But the rest of the world is suffering worse than we are, because they depend on our currency, and we have policy control over that. It was a decision to make ourselves relatively better off than our competition by making policy that harms them more.
I’m not saying anything nice about Trump, and he’s a more extreme version of the following, but Bidens policy is still “America First with a finger up to the rest of the world if that’s what it takes”