FlossyDFlynt said:
Civilized said:
packgrad said:
lol at the pretindependent! What a cultist. Everything is just fine. Inflation is all imaginary.
Is wage growth imaginary too?
Massive stock market gains?
Massive wealth growth in real estate equity?
Low unemployment?
"Baaaaaa now-resolved inflation from several years ago, that the rest of the world had too!!!" is all Pubs have to hang their hat on at this point because every current economic metric paints a very rosy picture of the economy.
Been to a grocery store recently? Has that gotten cheaper? What about tried to get a loan of any type?
Everyone can scream the economic metrics are good (which some are definitely going in the right direction), but until people notice a tangible difference, the metrics wont matter.
Yes to all. I'm in the business of getting loans to build houses and develop. We're paying banks over 10% on construction notes now; we're paying private lenders two clicks more. I can separate that economic pain from "OMG, Biden" though.
If you talk about inflation you've got to talk about wage growth.
And if you talk about our economy you've got to benchmark it against something more reasonable and relevant than a pre-pandemic, pre-stimulus, pre-recovery economy. Like, I don't know, maybe against all the other major economies around the world RIGHT NOW?
The US is the top-performing major economy in the world by a long shot. There are still pain points for consumers, and I know that will come to bear on the election. But there's nothing about this economy that is an indictment of Biden admin economic policy. Quite the opposite, if anything.