What they shows is that the majority of people are losing their savings, and that their savings is basically enough to cover a couple of emergencies, but not any other particular catastrophe. This is essentially looking the credit agencies right in the mouth here.
I mean it’s fine if you are generally ok with nobody below 85% of the population having any money, but expecting people to be happy or excited about these economic policies is simply delusional.
The wealthy 1% made more than 42 trillion dollars since 2020, nearly 2/3rds of all new wealth generated, with most food and energy corporations in the U.S. doubling their profits. The ‘economy’ isn’t struggling, it is people who are struggling, the average global and American worker, while these industries get bailouts and ‘loans’ (bailouts by another name), none of which gets shuffled down the value chain to labor, and any that does immediately gets hoovered up again by corporations testing their price/demand curve on essentials in a ‘crisis’.
Idk if it’s going to be enough to make him lose an election, but pretending people aren’t upset and don’t have a good reason to be upset is missing the forest for the trees.
If anything, it is a sign that there can be no more value given to the American proletariat in this system, we are completely stuck where we are in these ratios as an economy under this model of economic governance.
What they shows is that the majority of people are losing their savings, and that their savings is basically enough to cover a couple of emergencies, but not any other particular catastrophe. This is essentially looking the credit agencies right in the mouth here.
I mean it’s fine if you are generally ok with nobody below 85% of the population having any money, but expecting people to be happy or excited about these economic policies is simply delusional.
The wealthy 1% made more than 42 trillion dollars since 2020, nearly 2/3rds of all new wealth generated, with most food and energy corporations in the U.S. doubling their profits. The ‘economy’ isn’t struggling, it is people who are struggling, the average global and American worker, while these industries get bailouts and ‘loans’ (bailouts by another name), none of which gets shuffled down the value chain to labor, and any that does immediately gets hoovered up again by corporations testing their price/demand curve on essentials in a ‘crisis’.
Idk if it’s going to be enough to make him lose an election, but pretending people aren’t upset and don’t have a good reason to be upset is missing the forest for the trees.
If anything, it is a sign that there can be no more value given to the American proletariat in this system, we are completely stuck where we are in these ratios as an economy under this model of economic governance.