People talk about “Econ 101”, but even in my actual Macro 101 course, taught by a libertarian professor, we had good discussions about how broad metrics like “GDP growth”, “inflation”, or “unemployment” in themselves can be distorted or meaningless without drilling down and really understanding the numbers. The example the prof used was talking about a low unemployment rate but if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.
I just think it’s that libs know the economy sucks and are scared shitless because a bad economy means Trump wins.
The whole “econ 101” bit has always been hilarious to me because in any other field of study I feel like the general understanding is a “101” course, undergrad whatever, is going to be intentionally simplified for the purposes of teaching broader ideas but as you learn more you find these explanations are inadequate on many levels. With economics however that surface level understanding is apparently enough to allow you to speak with confidence
Exactly. This is the level of understanding employed by those saying that the economy is doing well. It’s a cynical tactic to paint it in a rosy light as the wage workers struggle.
Also, I’ve only been through 100 level econ classes and it’s clear that the economic metrics in use are not particularly meaningful.
I just think it’s that libs know the economy sucks
Many will admit it, but they believe it is either unavoidable or delayed effects from Trump (may be partially true)
As well, the natural cycle of capitalist crisis leads people to think that a downturn is in fact a good thing because it means the recovery is already coming. It shields systemic flaws and corruption from any attention because obvious wrongs are construed as natural.
The 5% unemployment goal is to ensure there’s a reserve army of labor to depress wages. You’re absolutely right that libs are ignoring the cognitive dissonance of ignoring that part of their ideology.
Because they believe his unconventional rhetoric as leading to policy that’s harmful for the nation - meanwhile those who love him think it’s the exact needed strategy to Make America Great Again
They know Trump isn’t different; it’s a question of perceived strategic differences.
Trump is doing nazi dog whistling and his cabinet members will be less competent and probably have worse traits like some of them thinking America needs to be a Christian state.
I think federal spending on things that directly help people will be higher under Biden [source I made it up]
Trump actively spreads a message of hate and intolerance by telling his fans that minorities are bad, so giving him a bigger platform would be a bad thing
Those are some of the reasons bouncing around in my head of why trump is worse
The example the prof used was talking about a low unemployment rate but if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.
That’s something everyone in Italy and Poland knows lol, the joys of long economic crises.
if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.
And this is exactly what’s going on. Why are people going to even bother applying when is so picky? If everyone “only hires the best” and I’m not “the best” why should I even bother applying?
People talk about “Econ 101”, but even in my actual Macro 101 course, taught by a libertarian professor, we had good discussions about how broad metrics like “GDP growth”, “inflation”, or “unemployment” in themselves can be distorted or meaningless without drilling down and really understanding the numbers. The example the prof used was talking about a low unemployment rate but if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.
I just think it’s that libs know the economy sucks and are scared shitless because a bad economy means Trump wins.
The whole “econ 101” bit has always been hilarious to me because in any other field of study I feel like the general understanding is a “101” course, undergrad whatever, is going to be intentionally simplified for the purposes of teaching broader ideas but as you learn more you find these explanations are inadequate on many levels. With economics however that surface level understanding is apparently enough to allow you to speak with confidence
Exactly. This is the level of understanding employed by those saying that the economy is doing well. It’s a cynical tactic to paint it in a rosy light as the wage workers struggle.
Also, I’ve only been through 100 level econ classes and it’s clear that the economic metrics in use are not particularly meaningful.
Many will admit it, but they believe it is either unavoidable or delayed effects from Trump (may be partially true)
As well, the natural cycle of capitalist crisis leads people to think that a downturn is in fact a good thing because it means the recovery is already coming. It shields systemic flaws and corruption from any attention because obvious wrongs are construed as natural.
A 5% unemployment rate is “optimal” iirc and record low unemployment is actually a bad economic indicator according to the federal reserve.
The 5% unemployment goal is to ensure there’s a reserve army of labor to depress wages. You’re absolutely right that libs are ignoring the cognitive dissonance of ignoring that part of their ideology.
Yep, I’m a lieutenant in the reserve army of labor right here.
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Because they believe his unconventional rhetoric as leading to policy that’s harmful for the nation - meanwhile those who love him think it’s the exact needed strategy to Make America Great Again
They know Trump isn’t different; it’s a question of perceived strategic differences.
Trump is doing nazi dog whistling and his cabinet members will be less competent and probably have worse traits like some of them thinking America needs to be a Christian state.
I think federal spending on things that directly help people will be higher under Biden [source I made it up]
Trump actively spreads a message of hate and intolerance by telling his fans that minorities are bad, so giving him a bigger platform would be a bad thing
Those are some of the reasons bouncing around in my head of why trump is worse
That’s something everyone in Italy and Poland knows lol, the joys of long economic crises.
And this is exactly what’s going on. Why are people going to even bother applying when
is so picky? If everyone “only hires the best” and I’m not “the best” why should I even bother applying?
https://citationsneeded.medium.com/episode-150-how-economic-jargon-and-cliches-make-cruel-anti-poor-policies-sound-sterile-and-da4019040bec