i am just a kitten and not a big important economist or anything, but i think that maybe if you have to keep telling people over and over how the economy is great and they are better off than they used to be that probably the economy is not doing so great and people are probably not better off.
i mean, that’s usually the kind of thing you’d notice…
Well if you don’t need food, gas or free will, things are great.
I wonder if much of the country (the ones that got to stay home and zoom and collect all regular pay, no commuting, business travel or fancy clothes, etc) actually ARE better off. So sad how these liberals say they care about poor people while never leaving the cocoon of their homes. The middle class has been decimated.
Prices are increasing. My wages aren't. I assume I'm not alone.
If you don't eat, drink, drive, live in a house or wear clothes everything is fine.
Gaslighting at its finest. When will the equine excrement start piling into these writers’ lives so they understand what the rest of the country is experiencing?
I’m guessing it’s all part of the plan. Tell people all is good while you continue to wreck everything.
Outrageous. I’m getting poorer and poorer. Feeding my family nutritious foods is getting more expensive. And I cook everything from scratch.
Is Alpo in the CPI yet?
Oddly enough, I have quadrupled my net worth during the pandemic and am now worth close to $1 million, thanks to shorting the market as the pandemic hit, reversing it, and then buying into crypto at the right time as well.
Here's the thing: I *still* don't feel better off. I can't realistically buy a much nicer home with that wealth. My inflows (salary) are worth less and less due to inflation. And my worry about future inflation or raised taxes from Biden and co. leave me wanting to save even more money now (read: buy crypto) instead of spending it.
Things may not spiral into catastrophe, but *at best* we're going to be continued to have wealth sucked out of us via inflation, which will unfortunately hit the lower class and middle class the hardest.
This is the same vibe as the Biden regime boasting about how your 4th of July cookout would cost $0.16 less in 2021.
How about Thanksgiving dinner, Joe?
I mean, these people are still publishing a failing dinosaur newspaper so what do you expect from them.
Yeah, you just think your paycheck is barely covering the rent and your food and transportation expenses and you can't buy new winter coats for your kids. But we're sure it's because you buy yourself a coffee on the way to work. It's just a perception. Just like that heart attack you're imagining or the seizures you think you're having after getting jabbed to keep your job is just in your imagination. Trust us, we're experts. Trust the science.
I just bought a lb of Oscar Meyer bacon and it cost $9.99…nothing to see here folks. Suck it up
the phony infrastructure bill adds a trillion in new debt spent for nothing productive to the 6 trillion passed out bc of the virus to pay off people to give up their liberty & to oust trump......
all that money is being spent on things made elsewhere.
no production, no economy.
the biden regime playing lbj or fdr isa bankrupting cabal,..... trillions more in entitlements taht must be funded????? whether they destroy the economy or not.
most economic polls are run by socialist economists asking guided
questions no wonder economists are wrong 90% of the time.
economic models are less right than climate and covid models.
For sure the work from home class that reads the NYT probably saved money by not buying new office clothes and eating lunches at home instead of their 25$ fancy salad. They probably believe that applies to every single american. Wonder where they took their data that "most" americans are in a better financial situation these days. That seems quite unlikely considering how many businesses were shut down for months and how many people lost their job in 2020. Just saying...
In light of the fact that nobody actually wants to work anymore, people must be better off. Printing and handing out money like mad will make people think they are well off -- until they notice the empty shelves and the sky-high prices on what remains.
I just checked, and the S & P is up 25% for the year. A lot of upper middle class people have money in the market, with their IRAS, including many with over a million. These folks look at their statements and feel they are rich. It gives them warm fuzzy feelings that make them very unlikely to complain about the current regime and situation. If most of these folks tried to access their money and spend it, there would be hyperinflation and a crash. But for now, they are happy and content, and the idea of prices going up 5 or 10% doesn't bother them one iota. These are the educated, professional classes and they are doing fine-- or so they think.
Don't believe you lying eyes, folks. You didn't just pay $75 to fill you gas tank.
Beyond insane. But gaslighting is what the CIA-directed media does best. Inversion, projection, and gaslighting, all the tools of those who have been creating mass psychosis in our western countries for almost two years now.
I have been traveling the country in my Airstream with my two English Setters. In some ways the degradation of our economy is something we see in food and gas prices. We are seeing Covid “campers” that are clueless but clearly they are trying to survive.
The stock market may be rising. But look at who owns the stock, the same corrupt politicians that are trying to socialize us.
And big pharma has been the winner in an exercise that makes me wish for the Nuremberg tribunals…
My guess is the Times' wealthy and self-absorbed subscriber base is indeed mostly doing fine, and those are the only people the Times writes for anymore.
Maybe the vaccine has a mind-scrambling “opposite-day” side effect for a certain segment of the population?
Biden's annual income is 9 million, congress $194,000, with that income the economy must appear to be doing great, besides whats the harm in a little gaslighting, if the economy gets better Democrats will take the credit, if it doesn't they'll says its Trumps fault.
You people, according to Brandon, just don’t know about the supply chain. You are all pathetic losers and need to get informed (my words.)
"made-up prices" really like hmm which ones? Gas, food how about utilities? SHEESH you can NOT make this stuff up!
This is proof that the media is the government's propaganda arm. If you needed more proof.....
I'd like a definition of "spending power". Are they talking about giving us an advance on next year's tax return, that we'll probably have to go into hock and pay back if we had the lousy luck to make less money than before? Are they talking about the ability to buy increasingly-unavailable cheap overseas imports?
Because they certainly aren't talking about food, gas, or housing. My grocery bill has *doubled* over the last year.
SPENDING POWER! Spending power. spending. power.
Yeah, sorry, not feeling the power.
Every time you go to the store the prices have gone up. Not just a bit but 20 or more percent. If you live on 450 $ a month that makes a big difference. You must not do the household shopping.
Why is the Fed is still easing in a great economy? Why are internet rates at zero and real inflation is 11-12% in a great economy. Interest rates should be around 8% at a minimum. The market is being manipulated.
You just think you're unhappy because you're a stupid woman and don't understand what real unhappiness is. Now get in the kitchen and make me dinner or I'll forbid you from seeing your friends or family for another year.
I'll tell you how you feel. I'm an expert.
I don't know if this is more of a marker of journalistic fraud or a comment on how dumb the masses are.
Too many in the top tier of corp-gov-media troika think they can still operate by the Karl Rove play book and fail to see their disconnect from reality that's slapping workers in the face.
'We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out."
Their hubris and certainty in defining reality is comical at this point and as helpful as the crew of the Titanic passing hors d'oeuvres to passengers scrambling for life boats.
personally I'm in a better spot because I worked my ass off and got a promotion...
Suggestion for family Thanksgiving: To all those who think the Biden economy is fabulous, feed then paper cutouts of filet mignon and crab legs. Feed the sane ones regular scaled down dinner. Reality v fake discussion will be well illustrated for the feeble minded goob and his followers.
MSM: who are you going to believe, our reporting or your own lying eyes at the gas pump?
Why do you continue to pee on my leg and tell me it's raining?
Who are you gonna believe, your lying eyes, ears, nose, tongue, and fingers or our manufactured illusion of reality?!
Get hip people, Fed Money printing is a tax on people who are bad at math. Stealing out in the open.
dog food, newspaper for a coat, burning cow dung for heat and we are all "fed, clothed and sheltered" How much more Soviet state organ pravada like is the NYT going to get? its anyones guess.
Well..no, I am not better off. I actually only bought stuff I had coupons for as I feel very poor right now.
Different planet and out of touch with us mere mortals I guess.
I dunno, people can be incredibly dumb and spit in the face of empirical data. I mean isn't that what a large portion of this blog kind of covers? Consider the way many people steadfastly belive kids can't play outside anymore despite copious data that most of the world is safer than its ever been, and safer than when those people were kids.
A real problem is that reality is what you make of it, and even if you are better off if you don't feel that way you're going to act and feel similar to as if you weren't. Which makes the facts moot.
I don't know anyone in a better financial position now than in the autumn of 2019. Even people who have been promoted or taken on new jobs. Anecdotal perhaps, but this includes senior engineers, heads of marketing and sales departments, and medical professionals.
These comments seem to come from those elites ensconced in their bubble of financial shenanigans that allows them to say this in full belief and intention instead of the rest of us who work and struggle to make ends meet.
My spending power has gone through the roof because I bet against the dollar using BTC.
Election night BTC: 15k
Today BTC: 66k
If you like 'likes' I suggest you format all posts like this one where all you have to do is scroll to the bottom of the page and click on the heart. When the default is "share" it's more clicks, first to close a pop-up that jumps out at you. I find myself not bothering. Maybe I'm lazy, but I do repost many of your articles on my Facebook, and am not put off by doing a few clicks and a copy/paste when motivated.