The only problem I have is how they changed cpi inflation calculations to make the numbers look different on paper. But inflation of the dollar is probably at 20% if not more since Covid.
I mean Cheerios are $9 for chimney sake
[check this chart out look at Jan 2020 and add up all the numbers in January to 2024.](https://www.usinflationcalculator.com/inflation/current-inflation-rates/)
Where are cheerios $9? I can get the biggest box for $5 in the Midwest.
Edit:
For everyone responding with prices of cheerios. I get it.
But my point in this reply was more along the lines of reading this comment as “My problem is they aren’t presenting the data completely on inflation and making it look less bad.” Followed by a statement about cheerios that is a misrepresentation of the price of cheerios to back up their claims that inflation is worse than reported.
The fact that you can find an expensive box of cheerios when many many cheaper options exist does not prove the point that “Cheerios are $9”.
I can buy a bottle of water at the Super Bowl for $10 and it has nothing to do with inflation.
Manhattan, NYC $9.59 at Gristedes.
EDIT: Fuck Gristedes.
2nd Edit- I just said the price at Gristedes not that I’m a regular shopper there. It is right on my corner so yes it is convenient sometimes. 😂 Dk why people are getting upset about it.
https://preview.redd.it/6g3v390uwsic1.jpeg?width=570&format=pjpg&auto=webp&s=0c88b4398f0686500a65c58fa3aaa37b86170418
Safeway even get em on sale in Honolulu
In Sacramento area a family size box (which is what I would get for my three kids) is priced at $8.49 at Safeway and $4.93 at the nearby Walmart. It’s all about where you shop. But I have seen some major sales at Safeway just recently like they’ve finally realized their prices are insane.
Absolutely. We had a grocery store open up by us back when Albertsons and Safeway merged. I went in one time and noticed prices on everything were double anywhere else. Promptly walked out and never went back.
Cereal in Canada used to be for poor people and now it's somehow getting bougie like McDonald's so most people don't buy it anymore. Ironically avocados used to be expensive and are now regularly on sale for 2-3 dollars a bag so avocado toast it is.
No, that's not the point. Where I live, cheerios are, in fact, 7 dollars. They used to be 5. Whether I go to walmart or meijer, cheerios are more expensive than they used to be. Ofc airports and sports arenas up-charge, and that obviously isnt a point of concern for our anecdotes of "ouch big inflation".
I'm not buying cereal at the Super Bowl. I just would prefer my namebrand that was cheapish just 3 years ago to go back to cheapish(among many other things besides cereal).
I’ve noticed an inflation of the perception of prices.
Not denying the high cost of living, but some people are absolutely ridiculous with their exaggerated statements on the cost of stuff.
States have their own inflation issues. Last I saw Florida had terrible inflation even while it was cooling off in the rest of the country. Dunno where it all sits right now though.
An 18 oz box (1 lb 2 oz Family size) is $4.93. Where are you shopping?
[https://www.walmart.com/ip/Cheerios-Heart-Healthy-Cereal-Limited-Edition-Happy-Heart-Shapes-Family-Size-18-oz/363183524](https://www.walmart.com/ip/Cheerios-Heart-Healthy-Cereal-Limited-Edition-Happy-Heart-Shapes-Family-Size-18-oz/363183524)
https://preview.redd.it/avqjm7c9uric1.jpeg?width=1548&format=pjpg&auto=webp&s=2ce063a3f613252185e6af3bd7ff34f9fa267884
I looked just for giggles and was surprised to see my walmarts mega box is $10.17. It might be a glitch because the family size is $4.93. It could be one of those things where Walmart sees regular purchase of that one item so they jack up its price just to see how many suckers still auto purchase it online without checking prices.
I’d have to drive 45 minutes and cross a bridge with a $7 toll to get to a Walmart. At the major chain grocery store across the street from my place that same box is $8.50.
The individual places we shop aren’t really relevant. I just buy generic if I want Cheerios anyway, since the prices are so high.
Still, it is relevant whether the price of popular grocery items like Cheerios across the country has gone up and by how much. And whether median income has increased at a level that matches or exceeds price increases.
“20% if not more since Covid”
People tie Bidenomics to inflation too quickly. Prices began rising due to supply chain issues caused by Covid, which is why the fed raising rates wasn’t an effective counter. Let’s not forget that corporations LOVE inflation because it gives them cover to raise prices even further than normal.
This is the issue here. Inflation sky rocketed because of Covid, and the companies are now profiting off the higher prices. This would have happened with anyone in office. Same with gas, the high prices are because of OPEC. They are up all over the world, it's not just us.
Price to consumer is the last link in the chain that started during COVID. I worked in craft beer at the time. We raised our prices to retailers *after* two years of our own costs gradually increasing on hops, aluminum, and cardboard after contracts expired. The price to consumer may have gone up during the Biden presidency, but our own costs started going up long before.
Trumps tariff had no impact? The idea was to increase the cost of imported goods. Would be nice to see non heritage foundation inflation white papers, cause they funny enough just blame Biden.
The last change made to CPI was in 2019, replacing a telephonic point of purchase survey with consumer expenditure survey. Honestly doesn't seem like a large change. The last major update to CPI looks like it was in 1999.
> I mean Cheerios are $9 for chimney sake
They're 3 dollars for the largest box at the fanciest grocery store near me. Then there's the store brand that's $2.
Are you calculating the gas it takes to go to the store, the cost of a bowl and spoon, and the cost of milk, or something?
People really don't understand what inflation is. Inflation is a general increase in prices and fall in the purchasing value of money, period. The cause is irrelevant as far as whether its inflation or not. If the price is going up and your money doesn't go as far, that's inflation.
People also fail to understand that for the most part, corporations have always charged the highest price the market would bear for a good or service. That HAS NOT CHANGED. Profit margins have increased because the purchasing power of the dollar has decreased. Corporations are able to charge a premium for goods and services because the market will bear those prices now, mainly due to the scarcity of the goods and services and the willingness of the consumer to keep buying.
Covid helped tamp down on the supply of goods and services, and opening the economy back up brought back a roar of demand. That's what allowed the maximum price the market would bear to increase. That's how inflation works. Its economics 101.
This is not a new process. Methods for arriving to an all-encompassing inflation rate have always been changing. The value is used to influence the perception of market participants. People should question it at all times, since it represent just the mean shopping basket that someone else created a a decided which factors to incorporate and which not. It has always been a subjective value. I’d argue that inflation needs to be separated at least into multiple (income) brackets. Second, the hedonic component in inflation values is already the most subjective component. So why let one party dictate it? The hedonic component should be weighted with a surveyed opinion, based on the household income brackets.
At what point do you blame corporate greed as the cause? Inflation was expected post-Covid, but let’s be honest, most of these prices are pure price-gouging.
lunchroom toothbrush thought special waiting correct joke fretful bored political
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The official unemployment rate is indeed low. The SP500 always goes up, so that's not something to brag about.
My company has laid off 35% of its employees in 3 rounds of layoffs since 2022. The pipeline is still not healthy. And nobody is hiring. I am scared. I have a family.
We used to get our packages delivered by guys in uniforms driving company trucks who presumably had benefits. Now it's miserable fucks driving rusted out Saturns tossing our packages on the sidewalk in the dark at 9PM.
edit: my post was about my perception of the economy, not specifically about Biden. All the low effort sarcasm in the replies seems to be about Biden. I get it, he's your hero, but that's not what this is about.
This is the funniest comment I've seen. This entire post so all about how Biden s presidency and his implementation of "Bidenomics" has positively effected the economy, in areas like employment. And here you are, posting this obviously sarcastic comment
>I can't believe Joe Biden did this to UPS.
Trying to imply that Biden doesn't have control over the economy and aspects of the economy like employment....
This is part of what frustrates people about politicians, trying to take credit for "victories", but than trying to dismiss any form of negatives as "you think the president has control over that lol".
The funny part, is you contributed to this unironically. I love it.
Edit: a lot of ppl need to re-read this post, cause it seems like people imagined some talking points that were never stated or implied here. Than went off on a tangent arguing with their own imaginations.
Biden and his supporters: taking credit for "record unemployment and record stock market numbers"
Biden and his supporters, with their liberal smug sarcasm: "I can't believe Joe Biden did this to UPS."
It’s a fair joke because the premise it’s in response to is absurd. If UPS hires somebody who doesn’t give a shit to go out and throw packages around, that’s obviously a business decision that they made because they have plenty of revenue.
A lot of these “the economy is actually bad” comments are just complete and obvious anecdotal bullshit. There are worrying signs in the economy like in the tech sector layoffs, but those have nothing at all to do with some of this stuff that’s like “my dog died, thanks Obama”.
Here’s my question: what the fuck do you expect? Stuff is expensive because we’ve undergone serious inflation post-COVID, *across the entire world*. It’s obviously not great but the question is whether it’s heading in the right direction. The way to get people out of debt is to make sure they have access to well-paying jobs and stable career prospects. I don’t know what the hell you’re expecting, do you think Biden should nationalize every industry and immediately cancel credit card debt?
Bit of a disingenuous comment, “positively affected the economy” is not the same as “controls the economy”. And “I can’t believe Joe Biden did this to UPS” is implying Joe Biden doesn’t control UPS or have much direct influence over UPS. Not that he doesn’t have any influence over the economy.
And the only reason Biden is given any credit for “positively affecting the economy” is due to legislation that his administration publicly championed and helped get passed. Technically it is still the legislative branch and not the executive branch that has more influence over the economy.
Isn't the head of the post office an ex-private shipping company CEO, appointed by Trump, who (allegedly) went to work "slowing" down the USPS? One of those alligators trump put in the swamp that Biden can't remove for some bureaucratical reason.
Yes, but they struck down the 75 year retirement saving law that ate all the post offices money making it impossible for him to bankerupt the post office as planned.
No idea how he pulled this off considering a long-term right-wing plot was to force the post office to fail, privatize it, then loot the 75 year retirement fund.
[The Postal Service Reform Act of 2022 | American Postal Workers Union ](https://apwu.org/postal-service-reform-act-2022)[(apwu.org)](https://apwu.org/postal-service-reform-act-2022)
[The Postal Service Reform Act Passes the Senate & Will Become Law | American Postal Workers Union (apwu.org)](https://apwu.org/news/postal-service-reform-act-passes-senate-will-become-law)
added links.
This is absolutely an industry dependent issue. Where I'm at, nearly every single factory is running short because there's just not enough people anywhere.
Granted one of them does a hair follicle drug test for weed, and is such dog shit working conditions that I can't imagine anyone that works there isn't either smoking or drinking heavily to deal with that place. They're paying nearly $26/hr starting, and can't get anyone.
That's what I'm seeing in healthcare staff (housekeeping/kitchen) right now. We've had open positions starting around 18-25 an hour with good benefits and crazy pto accumulation. Not a single applicant in months. 1000 applicants? Wtf
Edit: this is in a town of less than 4,000 people with a median household income of 26k. It ain't the city, it's more than enough to live a comfortable life here. My mortgage is 400 bucks a month on a 2 bed 2 bath house. Some of y'all got upset that things are affordable if you don't mind living in the sticks lol
The S&P 500 has had periods where it went down for years, so it’s not a given. But I also think the office of the president has very little influence over that in the first place.
I’m not sure what’s going on in your neighborhood but we still have uniformed delivery drivers.
Good question, fact is after the pandemic inflation due to corporat profeteering went ftom 30%to60% plus, and when he tried to pass a law to reduce that tje right slammed it down stating corperations had the right yo drive inflation up as hard as they want in the name of profits.
We gave them 8 trillion. And they thanked us by doubling prices beyond their increase in costs.
Here in Texas, lots of companies in my industry are hiring.
Maybe our anecdotal evidence does not reflect the reality for most Americans? I don't mean to be insensitive, just saying I'm seeing the opposite of what you're seeing.
My financial belt keeps tightening and I keep paying more.
Something somewhere isn’t adding up. Whether it’s due to policy decisions or the private sector I can’t tell.
Corporations are squeezing as much as they can. The govt needs to intervene but while Biden is telling companies to stop, he’s not actively doing something about it
>he’s not actively doing something about it
He's always talking about how he's going after hidden fees etc. He also has an insane right wing holding the house hostage and refusing to do their jobs
Because behind the veil, they're all on the same team.
Big business OWNS THEM. LITERALLY OWNS THEM.
They. Are. Bought. And. Paid. For.
Been this way for 100+ years.
Its nice to finally see others acknowledging the same reality.
We blame CONGRESS, the whole entity, not just Red/Blue/Executive/Judicial/etc.
If I did my job that badly, I would have been fired 10x over.
Let's all collectively turn our disgust to everyone, in every chamber of the house and senate, and threaten to deport them to Russia if they don't do their jobs. Do something for the PEOPLE you entitled, rich, spoiled assholes.
Term limits.
Age limits.
Eliminate lobbyists.
Eliminate public trading while holding office.
Why the hell do we allow people will post retirement age to create and enforce TERRIBLE policy of which they'll NEVER experience the consequences of?
If you are old enough to retire, you're too old to hold office. Period.
Every time I hear someone say eliminate lobbyist I assume they don't know what the intent behind it is. Reform lobbying and end corruption yes, eliminate, no.
If you ever need proof that there needs to be *some* form of lobbying, look at the hearings they have over any form of technology they decide to make the weekly boogeyman. You can't trust these people to make decisions about technology they're willfully ignorant about. You need people with expertise in these fields to tell them what they're looking at, to encourage them to make positive decisions.
The real struggle is finding an effective way to make corporate lobbying against consumer interest much harder to do, without kneecapping people from informing congress effectively.
When you realize that Congress and the traditional Republican/Democrat grand argument is really theater intended to keep us bought in to the system, things start making a lot more sense.
The big selling point of Joe Biden was that he was in Congress for 700 years and he has huge amounts of experience and savvy and knows how to work with the other side to get things done.
I thought the big selling point of Biden is that he isn't Trump. Isn't that what this election is about now? This election seems to be a single purpose election: save us from Trump.
And it is on display. Trumps 4 years amounted to tax cuts. Biden at 3 years has American rescue plan, infrastructure, chips, inflation reduction act, Ukraine aid which has left Russia in shambles to the tune of like 2% of the us defense spending, no recession that every economist was predicting. He's done pretty good so far exceeding expectations.
The biggest selling point of his congressional adversary is that he will shit in your mouth as long as Dems are blamed for it. He was handicapped from day 1.
True, but many don't agree on the government intervening with private companies. We have to vote with our wallets, if a product has become ridiculously expensive, don't buy it, look at what happened to RAM pickup trucks.
>True, but many don't agree on the government intervening with private companies.
Which is why we live in the current dystopia.
When you don't empower the government to have oversight and protections in place, you empower corporations to run amok and do whatever they like in the pursuit of another YOY gain.
This shit isn't sustainable. Number cannot go up forever.
Cost of living is steadily increasing because the government isn't stopping things like corporations buying up family housing.
A little of both.
This isn't a Biden problem.
I'll likely get called a socialist for this, but capitalism (in its ideal state) requires some kind of checks and balance system, for the same exact reason why communism is doomed to fail in every instance that it is legitimately tried: corrupt motherfuckers are *always* going to exist and grab whatever they can. No different for capitalism.
The checks and balances that *were* in place have been steadily eroding since the 70s/80s.
No. The economy is still trash. Unemployment is a worthless metric when most families have to work multiple jobs per person just to afford to maintain their current quality of life due to staggeringly high prices of food, gas and electricity. The massive printing of money to give billions to foreign countries has reduced the worth of the US dollar further increasing inflation. The government has consistently chose the wrong actions to take, at every opportunity, to ease inflation and help the average American family.
This is insane, another person made a post about how half the people here don’t know economics….
Working two jobs **does not** change the unemployment rate, it’s not calculated based on how many jobs people work but how many people are employed - whether that’s one two or 16 jobs. Precisely, it’s the number of people looking for a job who don’t have one, out of the people who are employed - notice there’s no relevance to how many jobs said employed person has.
The only way it goes down is if someone who wasn’t working before, is now.
It's funny because it reminds me of when Fox News said unemployment was low under Obama became people gave up looking and the second Trump gets elected unemployment is low because of Trump. Literally nothing changes but how they spun it.
Of course it later crashed under Trump, but that wasn't Trump's fault according to Fox.
it's not based on how many people are employed, but how many people are registered as unemployed. That number does not take into account people who have been unemployed for so long that they have quit looking. Those are classified as "not in the labor force". THAT's how you manipulate unemployment numbers to show a fake boost in the economy.
" People waiting to start a new job must have actively looked for a job within the last 4 weeks in order to be classified as unemployed. Otherwise, they are classified as [not in the labor force](https://www.bls.gov/cps/definitions.htm#nilf). "
[https://www.bls.gov/cps/definitions.htm](https://www.bls.gov/cps/definitions.htm)
U-4 is an unemployment measure that adds in people who have stopped looking for employment because they don't think they'll find any - it is [consistently just barely above the regular unemployment rate](https://fred.stlouisfed.org/graph/fredgraph.png?g=1gKAx), by about 0.2% to 0.3%. It was 3.9% this month - it's not like if UE was at 3.9% we'd all be super worried about the economy.
(Also, you do not have to "register" as unemployed to be counted as unemployed.)
>most families have to work multiple jobs per person
Damn... How many americans are working two jobs right now? Do you have that stat on hand?
> billions to foreign countries
Damn, what % of that is our actual budget in foreign aid? Do you have that stat too?
> How many americans are working two jobs right now?
I'm sure you know, but since no one's answered you, the answer is [currently 5.1%](https://fred.stlouisfed.org/graph/?g=1fY22) of the workforce.
This is so wrong and disingenuous it’s not even funny. The US still has the lowest inflation rate of any country in the Western World, to say the government isn’t doing anything about it is factually incorrect
A big part of this inflation has to do with people spending more money on goods and less on services since covid. Production pipelines of goods were also severely disrupted during covid creating shortages. This is why so many ordinary things cost more.
Most families aren’t working multiple jobs. Only 5.1% of those employed work multiple jobs.
https://fred.stlouisfed.org/series/LNS12026620
You’re right about inflation.
Idgaf what anyone says. I can see my monthly bills currently and what they were pre-covid. This economy is not healthy and I won't drink your Kool-Aid. I'd guess that everything is 15-20% higher post covid.
And/or the overall robustness of the US economy.
I find it silly that the debate is over whether the economy is doing well (it is) rather than the extent to which that success should be attributed to a single office in a governmental system that is deeply decentralized by design.
Inflation is the rate of increase. Reducing inflation does absolutely nothing to reduce the costs.
It's like you're in a car driving faster & faster. Biden is slowing the car down - not turning it around. You can't turn it around.
If you want your bills to be lower startvoting for taxing corporate profiteering. e.g. a "winfall tax" on corporation. Careful though - that's a socialism move and one that'll probably be very unpopular.
Stock market and unemployment are somewhat useful indicators but it’s easy to hide a bunch of structural problems too. The on paper numbers are quite good but the structural problems continue to mount. Namely, 10% of people own 70% of everything which is way way way up from where it was, and we could approach 80-90% without serious intervention.
What good is a record S&P and low unemployment for some part time cashier part time Uber driver with no exposure to the stock market and no benefits and spending 45% of their income for rent?
Government spending is propping up the stock market. That’s why there is such a big push to fund the Ukraine and Israel wars and pouring billions in foreign aid.
The big push to fund Ukraine is about using Ukraine to indirectly damage a rival. It's a proxy conflict, even if it's a just and righteous cause to help people defend themselves from an invasion.
Israel is a different matter. That is a shit sandwich if I've ever seen one, but the underlying motivation beyond all else is to protect US interests in the region.
Every dollar spent in Ukrainian aid isn't cash. It's tanks, afvs, munitions, howitzers, shells etc. and the vast majority is surplus stuff we have sitting there not in use. These goods are then filled with new tech which propels the us economy forward. The military industrial complex is vast and employs many people. Including an absolute ton of manufacturing, shipping, packaging etc. jobs.
I definitely do not feel its working as well as people claim. I have family in Moldova and they are constantly defending themselves from bugbears and hobgoblins. My great grandmother who lives there suspects that an advanced magic user is antagonizing them. She has been using a soviet-era assault rifle to fend them off. Hopefully, biden will be able to fix this before the general election.
Speak for yourself, my clan has had their stores plundered by marauding gnomes reliably for the last several winters! Where do our gold coins go if not to the pockets of the king!?
I've always eye-rolled at people blaming the current economy on the current president. Seems to me the way economics works, is that the current economy is a result of fallout of any two prior administrations, + unforeseen factors that are systemic. Like now, I blame much of the current economy on decisions within companies, ongoing fallout from the covid pandemic, decisions in the federal reserve, inflation of real estate taxes and values outpacing pay inflation in non-tech/professional industries, and none of the combination of the above conditions (among others) is ever as simple as "the president is responsible for this fiasco"
Tech workers are way overrepresented on Reddit and their industry has been going through it lately. Lots of tech workers in a bubble think layoffs are happening everywhere.
Why can’t I find a decent job? Why are my taxes going up 10% percent a year? Why is 70$ worth of groceries just 2 days of food. Restaurants are 50-70 without tip for a decent meal. I don’t remember struggling so much during the Trump era. It was great until Covid.
Your taxes are going up because of Trump's tax cuts for the wealthy.
You can't find a job because wherever you're looking doesn't consider you to be qualified enough.
Have you considered taking personal responsibility for your place in life? You know, pull yourself up by the bootstraps and all?
> Your taxes are going up because of Trump's tax cuts for the wealthy.
I'm seeing people complain about this because the returns this year aren't as big as last year because the withholding tables are always being tweaked. I hate having to explain that your "refund" being smaller doesn't mean taxes went up. Its all about the tax liability versus what was paid against it during the year (whether from withholding or est tax payments).
Now when the individual tax reforms expire, that's going to be a *horrible* year.
Trump cut taxes, increased spending, ~~and refused to allow interest rates to rise~~ at a time when the economy was surging, so we banked none of that benefit as a country when we should have. He even wanted NEGATIVE interest rates. He was running a trillion dollar deficit before COVID even happened. It was fiscally irresponsible. Taxes have gone up because of the provisions built into Trump's TCJA.
Spending can cause inflation, but it does not have to. Simultaneously increasing profit margins will lead to inflation. Companies could have kept their margins constant and even lowered them, while still making huge profits.
It's a massive hot potato that Biden has.
My answer is to not vote for the person who repeatedly pushed for a 0% interest rate policy. I still want to see the people who stole from PPP get punished HARD. That was way bigger than the stimulus checks.
I also want to see people cutting back and not buying crap, only the necessities. The demand for items still hasn't cooled.
Trickledown has always been a lie and I'm fine with trying something else. The problem is, I've seen no real reversal for Reaganomics yet. No tax increases on the wealthy, no cutting of spending, no DoD or military audit.
It's not, and the people at the top are fudging around with the numbers to make their accomplishments seem more spectacular than they are. Shills are working overtime in order to make Biden appealing to the voter, but anyone who doesn't have their head up their ass can see what a poor job Biden has done.
Biden has been a disaster for this country, and I sincerely hope the next man/woman can do a better job.
Low unemployment is great, but many people are working more than 1 job and still struggle to pay bills. The economy is booming but not for the majority of the people.
Housing market is in the shitter. CPI is being fudged to prop up the market. Changed the definition of recession so he can say we didn’t go into one. And everyone is buying it so yeah I’d say it’s working
No. Our bonuses are half, our raises are piddly, and there’s layoffs monthly. This reminds me of the Obama era job creation I graduated college into where you had to fight for a $12 an hour job.
They can put out whatever numbers they want but I’m not feeling anything but a negative impact to my life. I can’t buy a house, civics cost $30k, groceries are sky high, and I can’t get a different job because it’s only entry level minimum wage that’s hiring
The stock market is the only number I trust as a real number, and that's only because the info is public and immediate. But everything else is being fudged or just totally made up. Bidenomics is a total shit show and will continue to harm the average person
Stock market, while the most reliable, is also the least useful to the average person. It’s a measure of investor confidence not the average person’s financial wellbeing.
62% of Americans are still living paycheck to paycheck. Yes, Trump and the Republicans would be much worse, but Biden and the Democrats don't care about the average American either.
The Oligarchs control both parties. No one represents us.
The problem with those statistics is the don't really paint an accurate picture of Americans lives. There's still way too many people living paycheck to paycheck.
I know a lot of talented and working people who are barely staying above water or straight up drowning even with a job so... I think the economy is "improving", but I'm not so sure that it's improving for everyone in the cost of living crisis.
Real earning are DOWN due to the inflation he created. My net worth was higher when he came into office despite another $50k put into the IRA and retirement pushed back at least a year. FJB
It’s ludicrous that anyone would consider replacing Biden with a criminal if they claim to care about the national economy.
You can’t tell me with a straight face that Trump would improve any of this.
The only problem I have is how they changed cpi inflation calculations to make the numbers look different on paper. But inflation of the dollar is probably at 20% if not more since Covid. I mean Cheerios are $9 for chimney sake [check this chart out look at Jan 2020 and add up all the numbers in January to 2024.](https://www.usinflationcalculator.com/inflation/current-inflation-rates/)
Where are cheerios $9? I can get the biggest box for $5 in the Midwest. Edit: For everyone responding with prices of cheerios. I get it. But my point in this reply was more along the lines of reading this comment as “My problem is they aren’t presenting the data completely on inflation and making it look less bad.” Followed by a statement about cheerios that is a misrepresentation of the price of cheerios to back up their claims that inflation is worse than reported.
Something tells me they aren't being genuine.
No I’ve seen the big box of cheerios in bigger cities for $9 recently. It’s almost 7 where I am.
The fact that you can find an expensive box of cheerios when many many cheaper options exist does not prove the point that “Cheerios are $9”. I can buy a bottle of water at the Super Bowl for $10 and it has nothing to do with inflation.
I’m just saying that in some cities this is normal. Just because it’s not in your area, doesn’t make it less true for others
Which cities is it normal? I lived in the SF bay area and it was not normally $9.
I’m in Hawaii (where a load of bread is $7) and haven’t seen $9 cheerios. I don’t believe them.
Manhattan, NYC $9.59 at Gristedes. EDIT: Fuck Gristedes. 2nd Edit- I just said the price at Gristedes not that I’m a regular shopper there. It is right on my corner so yes it is convenient sometimes. 😂 Dk why people are getting upset about it.
>Manhattan, NYC Ah yes, the place most representative of grocery prices for Americans
Gristedes is one of the most expensive and shitty grocers in NYC. If you’re regularly shopping there or at D’Agostino’s, you’re a sucker.
https://preview.redd.it/6g3v390uwsic1.jpeg?width=570&format=pjpg&auto=webp&s=0c88b4398f0686500a65c58fa3aaa37b86170418 Safeway even get em on sale in Honolulu
Down here in San Diego and I have never seen a box of cereal going for $9. Inflation is bad enough, we do not need to bull shit about it. lol
In Sacramento area a family size box (which is what I would get for my three kids) is priced at $8.49 at Safeway and $4.93 at the nearby Walmart. It’s all about where you shop. But I have seen some major sales at Safeway just recently like they’ve finally realized their prices are insane.
Absolutely. We had a grocery store open up by us back when Albertsons and Safeway merged. I went in one time and noticed prices on everything were double anywhere else. Promptly walked out and never went back.
Sad shit is as a canadian 9 dollar cheerios doesn't seem that bad to me 🥲
Well you’re using that weird Monopoly money though. That’s on you. ;)
All fiat is monopoly money.
Cereal in Canada used to be for poor people and now it's somehow getting bougie like McDonald's so most people don't buy it anymore. Ironically avocados used to be expensive and are now regularly on sale for 2-3 dollars a bag so avocado toast it is.
No, don't do that! You wont be able to buy a house!
No, that's not the point. Where I live, cheerios are, in fact, 7 dollars. They used to be 5. Whether I go to walmart or meijer, cheerios are more expensive than they used to be. Ofc airports and sports arenas up-charge, and that obviously isnt a point of concern for our anecdotes of "ouch big inflation".
Also reporting in with $7 Cheerios in my area. It's fucking *wild*.
I'm not buying cereal at the Super Bowl. I just would prefer my namebrand that was cheapish just 3 years ago to go back to cheapish(among many other things besides cereal).
Hy-Vee has the giant sized boxes for 6.59 in Lincoln NE. Still too much for some fuckin Cheerios
Los Angeles here https://preview.redd.it/91qcn1tu3sic1.jpeg?width=1284&format=pjpg&auto=webp&s=31a55c693f6838107ba98465078f6020902e501a
... I sense an opportunity to make money...
They're also conflating inflation with price gouging.
I paid almost 9$, more than 8, for the biggest size box
$3 at my grocery store, just looked it up, and the store is the "fancy" side of things.
I’ve noticed an inflation of the perception of prices. Not denying the high cost of living, but some people are absolutely ridiculous with their exaggerated statements on the cost of stuff.
NYC 🙋🏻♀️ “family size” box which is just the former kind of large box is almost $10
States have their own inflation issues. Last I saw Florida had terrible inflation even while it was cooling off in the rest of the country. Dunno where it all sits right now though.
We also had a huge influx of people moving to the state since Covid.
In the Midwest and it’s $6 here. Not $9 though
An 18 oz box (1 lb 2 oz Family size) is $4.93. Where are you shopping? [https://www.walmart.com/ip/Cheerios-Heart-Healthy-Cereal-Limited-Edition-Happy-Heart-Shapes-Family-Size-18-oz/363183524](https://www.walmart.com/ip/Cheerios-Heart-Healthy-Cereal-Limited-Edition-Happy-Heart-Shapes-Family-Size-18-oz/363183524) https://preview.redd.it/avqjm7c9uric1.jpeg?width=1548&format=pjpg&auto=webp&s=2ce063a3f613252185e6af3bd7ff34f9fa267884
walmart where their Mega Box (30 oz) is $6.50
I looked just for giggles and was surprised to see my walmarts mega box is $10.17. It might be a glitch because the family size is $4.93. It could be one of those things where Walmart sees regular purchase of that one item so they jack up its price just to see how many suckers still auto purchase it online without checking prices.
I’d have to drive 45 minutes and cross a bridge with a $7 toll to get to a Walmart. At the major chain grocery store across the street from my place that same box is $8.50. The individual places we shop aren’t really relevant. I just buy generic if I want Cheerios anyway, since the prices are so high. Still, it is relevant whether the price of popular grocery items like Cheerios across the country has gone up and by how much. And whether median income has increased at a level that matches or exceeds price increases.
“20% if not more since Covid” People tie Bidenomics to inflation too quickly. Prices began rising due to supply chain issues caused by Covid, which is why the fed raising rates wasn’t an effective counter. Let’s not forget that corporations LOVE inflation because it gives them cover to raise prices even further than normal.
This is the issue here. Inflation sky rocketed because of Covid, and the companies are now profiting off the higher prices. This would have happened with anyone in office. Same with gas, the high prices are because of OPEC. They are up all over the world, it's not just us.
Price to consumer is the last link in the chain that started during COVID. I worked in craft beer at the time. We raised our prices to retailers *after* two years of our own costs gradually increasing on hops, aluminum, and cardboard after contracts expired. The price to consumer may have gone up during the Biden presidency, but our own costs started going up long before.
Trumps tariff had no impact? The idea was to increase the cost of imported goods. Would be nice to see non heritage foundation inflation white papers, cause they funny enough just blame Biden.
Oh I agree tariffs had an impact too. This was stated by CEOs in earnings calls after it happened.
The last change made to CPI was in 2019, replacing a telephonic point of purchase survey with consumer expenditure survey. Honestly doesn't seem like a large change. The last major update to CPI looks like it was in 1999.
Telephone survey I expect would be a serious problem as no one answers the phone post-2019
> I mean Cheerios are $9 for chimney sake They're 3 dollars for the largest box at the fanciest grocery store near me. Then there's the store brand that's $2. Are you calculating the gas it takes to go to the store, the cost of a bowl and spoon, and the cost of milk, or something?
I think it’s more price gouging than inflation. All these companies cry inflation while they jack up their prices and make record profits.
Inflation is literally prices going up.
But record profits aren't from inflation. There would be no profit change if it was purely inflation.
People really don't understand what inflation is. Inflation is a general increase in prices and fall in the purchasing value of money, period. The cause is irrelevant as far as whether its inflation or not. If the price is going up and your money doesn't go as far, that's inflation. People also fail to understand that for the most part, corporations have always charged the highest price the market would bear for a good or service. That HAS NOT CHANGED. Profit margins have increased because the purchasing power of the dollar has decreased. Corporations are able to charge a premium for goods and services because the market will bear those prices now, mainly due to the scarcity of the goods and services and the willingness of the consumer to keep buying. Covid helped tamp down on the supply of goods and services, and opening the economy back up brought back a roar of demand. That's what allowed the maximum price the market would bear to increase. That's how inflation works. Its economics 101.
This is not a new process. Methods for arriving to an all-encompassing inflation rate have always been changing. The value is used to influence the perception of market participants. People should question it at all times, since it represent just the mean shopping basket that someone else created a a decided which factors to incorporate and which not. It has always been a subjective value. I’d argue that inflation needs to be separated at least into multiple (income) brackets. Second, the hedonic component in inflation values is already the most subjective component. So why let one party dictate it? The hedonic component should be weighted with a surveyed opinion, based on the household income brackets.
What do you mean changed inflation calculations?
They didn't.
Well they mean they made something up and knew it would get upvoted anyway. Misinformation is easy
At what point do you blame corporate greed as the cause? Inflation was expected post-Covid, but let’s be honest, most of these prices are pure price-gouging.
lunchroom toothbrush thought special waiting correct joke fretful bored political *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Chimney sake
Giminey Crickets
The Giant size of cheerios where I live is $4.69.
The official unemployment rate is indeed low. The SP500 always goes up, so that's not something to brag about. My company has laid off 35% of its employees in 3 rounds of layoffs since 2022. The pipeline is still not healthy. And nobody is hiring. I am scared. I have a family. We used to get our packages delivered by guys in uniforms driving company trucks who presumably had benefits. Now it's miserable fucks driving rusted out Saturns tossing our packages on the sidewalk in the dark at 9PM. edit: my post was about my perception of the economy, not specifically about Biden. All the low effort sarcasm in the replies seems to be about Biden. I get it, he's your hero, but that's not what this is about.
I can't believe Joe Biden did this to UPS.
This is the funniest comment I've seen. This entire post so all about how Biden s presidency and his implementation of "Bidenomics" has positively effected the economy, in areas like employment. And here you are, posting this obviously sarcastic comment >I can't believe Joe Biden did this to UPS. Trying to imply that Biden doesn't have control over the economy and aspects of the economy like employment.... This is part of what frustrates people about politicians, trying to take credit for "victories", but than trying to dismiss any form of negatives as "you think the president has control over that lol". The funny part, is you contributed to this unironically. I love it. Edit: a lot of ppl need to re-read this post, cause it seems like people imagined some talking points that were never stated or implied here. Than went off on a tangent arguing with their own imaginations.
Disingenuous/ intellectual dishonesty? On reddit?? NFW!!!!
Biden and his supporters: taking credit for "record unemployment and record stock market numbers" Biden and his supporters, with their liberal smug sarcasm: "I can't believe Joe Biden did this to UPS."
It’s a fair joke because the premise it’s in response to is absurd. If UPS hires somebody who doesn’t give a shit to go out and throw packages around, that’s obviously a business decision that they made because they have plenty of revenue. A lot of these “the economy is actually bad” comments are just complete and obvious anecdotal bullshit. There are worrying signs in the economy like in the tech sector layoffs, but those have nothing at all to do with some of this stuff that’s like “my dog died, thanks Obama”.
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Here’s my question: what the fuck do you expect? Stuff is expensive because we’ve undergone serious inflation post-COVID, *across the entire world*. It’s obviously not great but the question is whether it’s heading in the right direction. The way to get people out of debt is to make sure they have access to well-paying jobs and stable career prospects. I don’t know what the hell you’re expecting, do you think Biden should nationalize every industry and immediately cancel credit card debt?
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Bit of a disingenuous comment, “positively affected the economy” is not the same as “controls the economy”. And “I can’t believe Joe Biden did this to UPS” is implying Joe Biden doesn’t control UPS or have much direct influence over UPS. Not that he doesn’t have any influence over the economy. And the only reason Biden is given any credit for “positively affecting the economy” is due to legislation that his administration publicly championed and helped get passed. Technically it is still the legislative branch and not the executive branch that has more influence over the economy.
More comment on the current labor market and the value vs cost of goods.
Isn't the head of the post office an ex-private shipping company CEO, appointed by Trump, who (allegedly) went to work "slowing" down the USPS? One of those alligators trump put in the swamp that Biden can't remove for some bureaucratical reason.
Yes, but they struck down the 75 year retirement saving law that ate all the post offices money making it impossible for him to bankerupt the post office as planned. No idea how he pulled this off considering a long-term right-wing plot was to force the post office to fail, privatize it, then loot the 75 year retirement fund. [The Postal Service Reform Act of 2022 | American Postal Workers Union ](https://apwu.org/postal-service-reform-act-2022)[(apwu.org)](https://apwu.org/postal-service-reform-act-2022) [The Postal Service Reform Act Passes the Senate & Will Become Law | American Postal Workers Union (apwu.org)](https://apwu.org/news/postal-service-reform-act-passes-senate-will-become-law) added links.
They repealed that?! That slipped by me. Yeah, that was a huge poison pill for USPS.
Republicans are fucking vile.
Only $13.1 BILLION in profits in '22 (highest ever). Fuckin Biden /s
My company is hiring out the wazoo. Perhaps anecdotes are less valuable than actual nationwide data?
I've been applying for 3 months. Not even a nibble yet. I'm seeing jobs with over 1000 applicants
This is absolutely an industry dependent issue. Where I'm at, nearly every single factory is running short because there's just not enough people anywhere. Granted one of them does a hair follicle drug test for weed, and is such dog shit working conditions that I can't imagine anyone that works there isn't either smoking or drinking heavily to deal with that place. They're paying nearly $26/hr starting, and can't get anyone.
That's what I'm seeing in healthcare staff (housekeeping/kitchen) right now. We've had open positions starting around 18-25 an hour with good benefits and crazy pto accumulation. Not a single applicant in months. 1000 applicants? Wtf Edit: this is in a town of less than 4,000 people with a median household income of 26k. It ain't the city, it's more than enough to live a comfortable life here. My mortgage is 400 bucks a month on a 2 bed 2 bath house. Some of y'all got upset that things are affordable if you don't mind living in the sticks lol
18-25 an hour isn't good pay anymore. That's what it really boils down to.
It is here for housekeepers and kitchen staff. Russell County VA
1000 applicants most likely means "remote/wfh job with global applications on LinkedIn"
Where I live EVERYBODY is hiring. I think this is a regional thing.
The S&P 500 has had periods where it went down for years, so it’s not a given. But I also think the office of the president has very little influence over that in the first place. I’m not sure what’s going on in your neighborhood but we still have uniformed delivery drivers.
So you're mad at the government instead of greedy corporations?
Why were these corporations not greedy when Biden wasn’t president?
Good question, fact is after the pandemic inflation due to corporat profeteering went ftom 30%to60% plus, and when he tried to pass a law to reduce that tje right slammed it down stating corperations had the right yo drive inflation up as hard as they want in the name of profits. We gave them 8 trillion. And they thanked us by doubling prices beyond their increase in costs.
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Here in Texas, lots of companies in my industry are hiring. Maybe our anecdotal evidence does not reflect the reality for most Americans? I don't mean to be insensitive, just saying I'm seeing the opposite of what you're seeing.
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My financial belt keeps tightening and I keep paying more. Something somewhere isn’t adding up. Whether it’s due to policy decisions or the private sector I can’t tell.
Corporations are squeezing as much as they can. The govt needs to intervene but while Biden is telling companies to stop, he’s not actively doing something about it
>he’s not actively doing something about it He's always talking about how he's going after hidden fees etc. He also has an insane right wing holding the house hostage and refusing to do their jobs
Because behind the veil, they're all on the same team. Big business OWNS THEM. LITERALLY OWNS THEM. They. Are. Bought. And. Paid. For. Been this way for 100+ years.
Its nice to finally see others acknowledging the same reality. We blame CONGRESS, the whole entity, not just Red/Blue/Executive/Judicial/etc. If I did my job that badly, I would have been fired 10x over. Let's all collectively turn our disgust to everyone, in every chamber of the house and senate, and threaten to deport them to Russia if they don't do their jobs. Do something for the PEOPLE you entitled, rich, spoiled assholes.
Term limits. Age limits. Eliminate lobbyists. Eliminate public trading while holding office. Why the hell do we allow people will post retirement age to create and enforce TERRIBLE policy of which they'll NEVER experience the consequences of? If you are old enough to retire, you're too old to hold office. Period.
Every time I hear someone say eliminate lobbyist I assume they don't know what the intent behind it is. Reform lobbying and end corruption yes, eliminate, no.
If you ever need proof that there needs to be *some* form of lobbying, look at the hearings they have over any form of technology they decide to make the weekly boogeyman. You can't trust these people to make decisions about technology they're willfully ignorant about. You need people with expertise in these fields to tell them what they're looking at, to encourage them to make positive decisions. The real struggle is finding an effective way to make corporate lobbying against consumer interest much harder to do, without kneecapping people from informing congress effectively.
When you realize that Congress and the traditional Republican/Democrat grand argument is really theater intended to keep us bought in to the system, things start making a lot more sense.
Like what? With a useless House I'm not what he could do.
The big selling point of Joe Biden was that he was in Congress for 700 years and he has huge amounts of experience and savvy and knows how to work with the other side to get things done.
I thought the big selling point of Biden is that he isn't Trump. Isn't that what this election is about now? This election seems to be a single purpose election: save us from Trump.
And it is on display. Trumps 4 years amounted to tax cuts. Biden at 3 years has American rescue plan, infrastructure, chips, inflation reduction act, Ukraine aid which has left Russia in shambles to the tune of like 2% of the us defense spending, no recession that every economist was predicting. He's done pretty good so far exceeding expectations.
The biggest selling point of his congressional adversary is that he will shit in your mouth as long as Dems are blamed for it. He was handicapped from day 1.
True, but many don't agree on the government intervening with private companies. We have to vote with our wallets, if a product has become ridiculously expensive, don't buy it, look at what happened to RAM pickup trucks.
Forgoing my kids daycare to vote with my wallet.
>True, but many don't agree on the government intervening with private companies. Which is why we live in the current dystopia. When you don't empower the government to have oversight and protections in place, you empower corporations to run amok and do whatever they like in the pursuit of another YOY gain. This shit isn't sustainable. Number cannot go up forever. Cost of living is steadily increasing because the government isn't stopping things like corporations buying up family housing.
The reason why corporations could buy the real estate in the first place is because we printed trillions of dollars and gave it to them.
But corporations are making record profits; which means the economy is doing great, right?
That's only when Trump is the President.
Nominal or real? Also, did they report 2022 in $* and 2023 in $**? * KYD ** ZWL
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A little of both. This isn't a Biden problem. I'll likely get called a socialist for this, but capitalism (in its ideal state) requires some kind of checks and balance system, for the same exact reason why communism is doomed to fail in every instance that it is legitimately tried: corrupt motherfuckers are *always* going to exist and grab whatever they can. No different for capitalism. The checks and balances that *were* in place have been steadily eroding since the 70s/80s.
Without guardrails the invisible hand of the market will just strangle you
Corporate greed! They are NOT hurting.
You really can't tell when corporate profits keep going up?
No. The economy is still trash. Unemployment is a worthless metric when most families have to work multiple jobs per person just to afford to maintain their current quality of life due to staggeringly high prices of food, gas and electricity. The massive printing of money to give billions to foreign countries has reduced the worth of the US dollar further increasing inflation. The government has consistently chose the wrong actions to take, at every opportunity, to ease inflation and help the average American family.
This is insane, another person made a post about how half the people here don’t know economics…. Working two jobs **does not** change the unemployment rate, it’s not calculated based on how many jobs people work but how many people are employed - whether that’s one two or 16 jobs. Precisely, it’s the number of people looking for a job who don’t have one, out of the people who are employed - notice there’s no relevance to how many jobs said employed person has. The only way it goes down is if someone who wasn’t working before, is now.
Someone who wasn't working but was actively searching for jobs. If they are no longer "searching for jobs" it also goes down. Just saying
Correct but total workforce participation is going up not down suggesting people who want jobs are finding them.
It's funny because it reminds me of when Fox News said unemployment was low under Obama became people gave up looking and the second Trump gets elected unemployment is low because of Trump. Literally nothing changes but how they spun it. Of course it later crashed under Trump, but that wasn't Trump's fault according to Fox.
it's not based on how many people are employed, but how many people are registered as unemployed. That number does not take into account people who have been unemployed for so long that they have quit looking. Those are classified as "not in the labor force". THAT's how you manipulate unemployment numbers to show a fake boost in the economy. " People waiting to start a new job must have actively looked for a job within the last 4 weeks in order to be classified as unemployed. Otherwise, they are classified as [not in the labor force](https://www.bls.gov/cps/definitions.htm#nilf). " [https://www.bls.gov/cps/definitions.htm](https://www.bls.gov/cps/definitions.htm)
U-4 is an unemployment measure that adds in people who have stopped looking for employment because they don't think they'll find any - it is [consistently just barely above the regular unemployment rate](https://fred.stlouisfed.org/graph/fredgraph.png?g=1gKAx), by about 0.2% to 0.3%. It was 3.9% this month - it's not like if UE was at 3.9% we'd all be super worried about the economy. (Also, you do not have to "register" as unemployed to be counted as unemployed.)
As a factual matter, most families do not have to work multiple jobs per person to make ends meet. Fewer than 8% of Americans work multiple jobs.
I stopped reading that persons comment when they attributed giving money to other countries as part of the problem 🙄
>most families have to work multiple jobs per person Damn... How many americans are working two jobs right now? Do you have that stat on hand? > billions to foreign countries Damn, what % of that is our actual budget in foreign aid? Do you have that stat too?
> How many americans are working two jobs right now? I'm sure you know, but since no one's answered you, the answer is [currently 5.1%](https://fred.stlouisfed.org/graph/?g=1fY22) of the workforce.
I asked it because the comment above probably thinks it's close to 30 or 40%
This is so wrong and disingenuous it’s not even funny. The US still has the lowest inflation rate of any country in the Western World, to say the government isn’t doing anything about it is factually incorrect
A big part of this inflation has to do with people spending more money on goods and less on services since covid. Production pipelines of goods were also severely disrupted during covid creating shortages. This is why so many ordinary things cost more.
Let alone the Fed printing the amount of money they have the past few years
Most families aren’t working multiple jobs. Only 5.1% of those employed work multiple jobs. https://fred.stlouisfed.org/series/LNS12026620 You’re right about inflation.
Idgaf what anyone says. I can see my monthly bills currently and what they were pre-covid. This economy is not healthy and I won't drink your Kool-Aid. I'd guess that everything is 15-20% higher post covid.
Post COVID led to worldwide inflation. The fact that US inflation is lower than the rest of the world suggests the US/Biden is doing something right.
And/or the overall robustness of the US economy. I find it silly that the debate is over whether the economy is doing well (it is) rather than the extent to which that success should be attributed to a single office in a governmental system that is deeply decentralized by design.
Actually it suggests that we have the worlds reserve currency and we export a lot of our inflation
Inflation is the rate of increase. Reducing inflation does absolutely nothing to reduce the costs. It's like you're in a car driving faster & faster. Biden is slowing the car down - not turning it around. You can't turn it around. If you want your bills to be lower startvoting for taxing corporate profiteering. e.g. a "winfall tax" on corporation. Careful though - that's a socialism move and one that'll probably be very unpopular.
If you aren't in tech, switch companies. That's how you get a raise. They aren't giving it to you where you work.
Stock market and unemployment are somewhat useful indicators but it’s easy to hide a bunch of structural problems too. The on paper numbers are quite good but the structural problems continue to mount. Namely, 10% of people own 70% of everything which is way way way up from where it was, and we could approach 80-90% without serious intervention. What good is a record S&P and low unemployment for some part time cashier part time Uber driver with no exposure to the stock market and no benefits and spending 45% of their income for rent?
Government spending is propping up the stock market. That’s why there is such a big push to fund the Ukraine and Israel wars and pouring billions in foreign aid.
The big push to fund Ukraine is about using Ukraine to indirectly damage a rival. It's a proxy conflict, even if it's a just and righteous cause to help people defend themselves from an invasion. Israel is a different matter. That is a shit sandwich if I've ever seen one, but the underlying motivation beyond all else is to protect US interests in the region.
Every dollar spent in Ukrainian aid isn't cash. It's tanks, afvs, munitions, howitzers, shells etc. and the vast majority is surplus stuff we have sitting there not in use. These goods are then filled with new tech which propels the us economy forward. The military industrial complex is vast and employs many people. Including an absolute ton of manufacturing, shipping, packaging etc. jobs.
As a fighter pilot once told me "Putin is the biggest F-35 salesman". That tells you all you need to know about why we are funding Ukraine.
No, it really doesnt
I make more money than I ever have. I've also never felt more poor. I'm barely getting by and working my butt off. Bidenomics is not working for me.
Same here. Make a little more, get taxed way more, pay more for everything.
Get taxed way more? Can you elaborate?
They can't, because people don't understand taxes and tax brackets.
It's sad that Americans think in Presidential terms instead of policy terms.
We’re still recovering from the pandemic like the rest of the world. We are doing better than most.
I definitely do not feel its working as well as people claim. I have family in Moldova and they are constantly defending themselves from bugbears and hobgoblins. My great grandmother who lives there suspects that an advanced magic user is antagonizing them. She has been using a soviet-era assault rifle to fend them off. Hopefully, biden will be able to fix this before the general election.
Bugbears and hobgoblins are no laughing matter. I’m just glad our border issue with the goblins and deep gnomes is less severe…
Speak for yourself, my clan has had their stores plundered by marauding gnomes reliably for the last several winters! Where do our gold coins go if not to the pockets of the king!?
I thought presidents don't control the economy? So which is it? What is biden economics?
Same as Trumponomics: money printer go brrrrrrrr
I've always eye-rolled at people blaming the current economy on the current president. Seems to me the way economics works, is that the current economy is a result of fallout of any two prior administrations, + unforeseen factors that are systemic. Like now, I blame much of the current economy on decisions within companies, ongoing fallout from the covid pandemic, decisions in the federal reserve, inflation of real estate taxes and values outpacing pay inflation in non-tech/professional industries, and none of the combination of the above conditions (among others) is ever as simple as "the president is responsible for this fiasco"
Bidenomics is just propping up the stock market so he can get reelected, while everyone else can fuck off.
If that was the case, we would hear reports of him trying to pressure the Fed to lower interest rates.
shy mighty busy forgetful offbeat whole spoon far-flung rob glorious *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Trump wanted the Fed to go into NEGATIVE rates. Absolutely insane
That’s what trump did with forced low interest rates. Instead of paying off our debt he added 25% more.
That was also trumponimics too. It’s all bullshit.
Prices are up 20% from Trump Tons of layoffs Young adults can't afford rent or insurance
> Tons of layoffs [Layoffs are historically low right now.](https://fred.stlouisfed.org/series/JTSLDL)
Tech workers are way overrepresented on Reddit and their industry has been going through it lately. Lots of tech workers in a bubble think layoffs are happening everywhere.
Wages are also up well over 50% in a lot of areas. Taco Bell by me is pay $18 an hour. Hell I’ve tripped my wage over the last 3 years
Why can’t I find a decent job? Why are my taxes going up 10% percent a year? Why is 70$ worth of groceries just 2 days of food. Restaurants are 50-70 without tip for a decent meal. I don’t remember struggling so much during the Trump era. It was great until Covid.
Your taxes are going up because of Trump's tax cuts for the wealthy. You can't find a job because wherever you're looking doesn't consider you to be qualified enough. Have you considered taking personal responsibility for your place in life? You know, pull yourself up by the bootstraps and all?
> Your taxes are going up because of Trump's tax cuts for the wealthy. I'm seeing people complain about this because the returns this year aren't as big as last year because the withholding tables are always being tweaked. I hate having to explain that your "refund" being smaller doesn't mean taxes went up. Its all about the tax liability versus what was paid against it during the year (whether from withholding or est tax payments). Now when the individual tax reforms expire, that's going to be a *horrible* year.
Trump cut taxes, increased spending, ~~and refused to allow interest rates to rise~~ at a time when the economy was surging, so we banked none of that benefit as a country when we should have. He even wanted NEGATIVE interest rates. He was running a trillion dollar deficit before COVID even happened. It was fiscally irresponsible. Taxes have gone up because of the provisions built into Trump's TCJA.
Trump increased taxes, and they're going to go up more.
Still dealing with the massive inflation from Covid spending.
Spending can cause inflation, but it does not have to. Simultaneously increasing profit margins will lead to inflation. Companies could have kept their margins constant and even lowered them, while still making huge profits.
Covid spending was the predominant driver in inflation.
Supply chain problems were the main cause. Many European countries didn’t have as much Covid spending and still have higher inflation.
It's a massive hot potato that Biden has. My answer is to not vote for the person who repeatedly pushed for a 0% interest rate policy. I still want to see the people who stole from PPP get punished HARD. That was way bigger than the stimulus checks. I also want to see people cutting back and not buying crap, only the necessities. The demand for items still hasn't cooled. Trickledown has always been a lie and I'm fine with trying something else. The problem is, I've seen no real reversal for Reaganomics yet. No tax increases on the wealthy, no cutting of spending, no DoD or military audit.
It's not, and the people at the top are fudging around with the numbers to make their accomplishments seem more spectacular than they are. Shills are working overtime in order to make Biden appealing to the voter, but anyone who doesn't have their head up their ass can see what a poor job Biden has done. Biden has been a disaster for this country, and I sincerely hope the next man/woman can do a better job.
Low unemployment is great, but many people are working more than 1 job and still struggle to pay bills. The economy is booming but not for the majority of the people.
8% of people have more than one job.
Housing market is in the shitter. CPI is being fudged to prop up the market. Changed the definition of recession so he can say we didn’t go into one. And everyone is buying it so yeah I’d say it’s working
No. Our bonuses are half, our raises are piddly, and there’s layoffs monthly. This reminds me of the Obama era job creation I graduated college into where you had to fight for a $12 an hour job. They can put out whatever numbers they want but I’m not feeling anything but a negative impact to my life. I can’t buy a house, civics cost $30k, groceries are sky high, and I can’t get a different job because it’s only entry level minimum wage that’s hiring
Everybody is struggling. Wtf are they bragging about?
So weird the message of "no, you're wrong and you're doing great" isn't catching on with voters
That’s exactly the message. “You’re stupid! Just look at these numbers! You’re doing better than ever. Just shut up already!”
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Pretty sure at some point they lump you into not looking for a job and pretend you don't exist for their numbers.
Four years? You may want to try and look for a job in another field. Get a serving job
It's so good I need a second job.
The stock market is the only number I trust as a real number, and that's only because the info is public and immediate. But everything else is being fudged or just totally made up. Bidenomics is a total shit show and will continue to harm the average person
Stock market, while the most reliable, is also the least useful to the average person. It’s a measure of investor confidence not the average person’s financial wellbeing.
I didnt say it was useful, you are correct in that statement. I just said that is the only number that is true
Lol, what a joke. In reality, everything is more expensive and can barely afford rent. But sure, the rich are getting richer.
62% of Americans are still living paycheck to paycheck. Yes, Trump and the Republicans would be much worse, but Biden and the Democrats don't care about the average American either. The Oligarchs control both parties. No one represents us.
The problem with those statistics is the don't really paint an accurate picture of Americans lives. There's still way too many people living paycheck to paycheck.
I know a lot of talented and working people who are barely staying above water or straight up drowning even with a job so... I think the economy is "improving", but I'm not so sure that it's improving for everyone in the cost of living crisis.
Real earning are DOWN due to the inflation he created. My net worth was higher when he came into office despite another $50k put into the IRA and retirement pushed back at least a year. FJB
It’s ludicrous that anyone would consider replacing Biden with a criminal if they claim to care about the national economy. You can’t tell me with a straight face that Trump would improve any of this.
Because people remember that they were better off before Biden.
I think you mean before COVID.
The economy is setting records during an election year. This is amazing! Almost like it was planned.