So the economy does better when you use tax revenues to create jobs with infrastructure projects and to lift people up with social programs than it does when you cut taxes and let the super rich rob the system. Who’d a thunk it?
sOsHALiSMz?!11 uh . . . Jeeezus!1! uh . . uh . . tough on crime! hahaha okay not that one . . . support the troo- wait no . . . hang on . . .
Yeah what a surprise
whaaat? the economy is better when the uber rich dont hoard their wealth?? no way!!
They are hoarding wealth right now and we are the ones struggling.
mi money bin! tha beagle boys are coming
The rich have their own growth metrics which look spectacular when a Republican administration is dismantling society and directing all the capital in their direction, and that seems to line up exactly with all these findings.
Dismantling society isn’t confined to Republicans. The income gap is the widest ever recorded right now. Corporate welfare is rampant while homelessness is growing
Nice try Joe Biden. Couldn’t even think of a better pseudonym than the obviously fake “Josh Bivens”?
chief economist or economist in chief?
They keep measuring the economy by how well the rich are doing. Fuck the remaining 80% of us.
While I’m not saying we don’t need to do more to fight income inequality, something they highlight in the report is that economic gains are more evenly distributed under democratic administrations.
Household income growth (adjusted for inflation) was faster on average and far more equal during Democratic administrations, and the Democratic advantage shows up for every group.
News every fucking morning. "Now on the economy " immediately show how the stock market doing and then they move on. So exactly rest of us are fucked.
In the meantime I’m seeing more homeless everywhere even in the suburbs
Why you downvoted? Because you’re not lying.
Because it goes against the gaslighting they keep believing that the economy is doing well. A 12% increase in homelessness is not the sign of a good economy. Despite what this article says, things are not good under a democrat.
And when I say even in the suburbs, I’m seeing it in my suburban neighborhood which is upper middle-class. If it’s in this type of area it’s more prevalent in lower income areas.
Well to be fair this would be worse under Trump.
My father who now is a full on Trumper once told me (before Faux news and newsmax fried his brain) that everything going on the country is based on last guy in charge. And it can take up to two terms just fix the mess.
So lot of the Problems are Trump fault and Biden doing what can. Of course Biden and most Democrats are conservative now so they don’t and won’t help that much.
well clearly this information is coming from the librul news media like NYT, Washington Post, CNN . . . it . . they . . . epi.org?
welllll . . libruls are making up new news all the time aren’t they.
reality has a liberal bias
Reality more has a leftist bias, but certainly favors liberals over fascists.
i love when people try and tell me that gas prices were better under trump, like he somehow controlled the global oil prices.
Like yes im sure he had an impact, sucking putins dick and loving the middle eastern vibes is probably going to get you some pretty cheap oil. Weird how that one works.
And cheap oil is bad for the US oil industry and US energy independence. Under ~$3 a barrel and our fracked oil fields become unprofitable. Something like ¾ of Texas’ oil fields were closed in the first year or so after covid and most fracked wells suffer damage from closing process and can’t be re-opened. Putin intentionally kept production high during Covid, causing the prices to plummet more, to damage the US oil industry as we’d become the world’s top producer.
Heck the stupid XL pipeline not being available keeps prices low for the US Midwest because Canada is forced to sell crude at a discount to US midwest refineries. But Republicans repeat the Koch brothers promoted, well-rehearsed lies that that somehow that pipeline allowing Canada to get their crude to refineries on the Texas coast and sell on a world market would lower gas prices.
yeah, economics is a bitch huh.
The solution? Stop paying for gas lol, whether thats an EV or just using public transit, literally just don’t pay for gas. Electricity is MUCH more stable in terms of market rates. Here in the US atleast.
This had been well documented a number of times now in multiple countries.
It’s ironic given the right usually argues they’re doing better for the economy.
Here in Canada, it’s generally the same. Our Economy has almost always been strongest under Liberal led governments.
The Conservative’s have always ran on “conservative fiscally” as a term, but often never have real plans than tax cuts and austerity for public services.
Macroeconomic measures are designed to measure the performance of capital. They are not a reflection of working class experience of the economy and in some instances are actually an indication of worse conditions.
Saying the macroeconomics are better under Democrats doesn’t mean anything to people who are being priced out of home ownership and having to cut back on groceries.
How long is the latency between making economic decisions to getting the results of those decisions? For some things it’s measured in decades.
Ah, it’s too bad the people way smarter than you whose job this actually is probably didn’t think about if stuff might be slightly complicated and factor that in at all.
Look I’m probably on your side but you are embarassing me in front of the trolls
Well that’s certainly a sentence. Well done!
But seriously, EPI is a think tank with a left-leaning bias. This is a well-researched opinion piece, but an opinion piece nonetheless. Also the Cato Institute puts out articles that prove how small government principles work better than anything else.
Republicans don’t implement small government principles
Weird, Wikipedia has the same “opinion”
https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party
Since World War II, the United States economy has performed better significantly on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits. The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate (see #Statistics).
Wikipedia being used as proof and upvotes are raining. I’m done with this thread.
Brilliant, you said that with a straight face
Curious if you believe republicans focus on small government?
They might in how they talk but not so much how they act.
Whichever way we can spin it for our guy. The important thing with propaganda is that we get our guy in.
Look see the Good Cop is way better than the Bad Cop!
Shhhh stop that, stop thinking about the fact that they are both still cops working towards the same shitty goals. The Good Cop is the good guy, remember that.
They are not working towards the same goals though. This article demonstrates a clear difference.
Mhmmm 😒
Bruh
Don’t comment if you aren’t going to participate
What counts as participating?
Pretending like the economy is doing ok and that the Democratic Party in the US genuinely represents an opposing force to the class war being waged by the rich?
there are major differences between the Democratic Party and the Republican Party when it comes to supporting labor, taxing the wealthy, and offering social support to those in need.
get out of here with your “both sides are the same” BS
You don’t have to pretend because you can just look at it and see the difference for real
I don’t trust cops, especially the ‘good ones’
100% truth, these blind liberals refuse to look at wealth inequality going up regardless of red team or blue team in office.
Yes. But things getting worse slower is better than things getting worse faster. Surely you can understand this logic. And if you are for accelerating it then why even bothering joining this conversation.
To be clear, I am not for “watching the world burn because F%#* it”.
The questions are what is effective resistance? Whose fault it is if that resistance isn’t happening? Who polices who about what acceptable mainstream strategies and narratives for resistance are?
People are answering these questions and you don’t like the answers.
Effective resistance comes from local elections, where you can influence the people you interact with daily to vote with you.
But things getting worse slower is better than things getting worse faster.
Only because you consent to it getting worse, instead of getting off your ass and doing anything about it. Voting for Greens or PSL is the bare minimum. Surely you can understand this logic.
I have gotten off my ass and voted in past elections and will in this election. If you can show me a convincing poll or statistics to show voting for either of those parties will prevent Trump, then sure. Until then I’m voting for what I value as the least worst to help maximize our chance of not having him be president.
Settling for things getting worse slowly is insane. Slowly getting worse is things like the total amount I paid for my house 30 years ago not being enough to cover a down payment on a house today.
Nobody mentioned or even implied settling.
They would rather be poisoned slowly than all at once. When there is an option of no poison.
What’s the option for no poison lmao I wanna hear this one
Voting third party? Not until we get RCV, approval, STAR, etc.
Not voting? HAHAHAHA
What’s your better solution today?
Yes as it gives time to create an antidote?
More like boiling frog syndrome
