Things are improving for someone, but I make less and pay more thanka to economic effects and it is hurting my balance book.
Well don’t forget who’s at fault.
The oil companies, grocery stores, medicals, utilities, property owners, etc all have record profits this year and last
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@bob_wiley @Saneless Why would Biden take credit for Trump trashing the economy, destroying jobs, and overall wrecking the nation?
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So you acknowledge the republicans used the economy (which wasn’t his fault) against Biden, but you’re bothered that he said it’s now a strong point so he’s using it back at them to undo their bullshit early on?
Ok
Can we get this neolib bullshit out of here?
The economy is not doing well for a majority of Americans. The majority of Americans live paycheck to paycheck, and are not optimistic of the future.
They dealt with inflation by raising interest rates which harms the working class. They use the stock market to justify the economy, when 80% is owned by the rich. They use job numbers to justify the economy, when more and more people need to get 2nd jobs just to be able to afford a 1 bedroom apartment.
Please stop linking to mainstream media. It’s so aggravating.
The UK inflation rate was 7.9% in June, 2023. The US inflation rate was 3.0% in June, 2023. Britain has been controlled by its Conservative Party for years. The point is that things would have been way worse with other people in charge.
The calculation has been changed twice in 2 years to paint a better picture and remove some of the things!
Previous inflation rates are often recalculated. The point is that the USA has managed inflation far better than the UK and their Conservative Party, in which inflation peaked at a ridiculous 14% rate.
Can you educate me?
From my perspective the change was specifically to make inflation look lower, do you shop at a grocery store? Are you kidding me?
If you shop at a grocery store in the UK your prices would have increased 14% under Conservative Party rule. Not kidding.
Grocery prices where I live in the US have more than doubled. If the prices didn’t double, then they probably shrunk the portions of food and the size of the packaging. So how do we more than double prices and call that 3% inflation? Housing prices around here have also doubled since the start of COVID.
prices where I live in the US have more than doubled.
That’s weird. For everybody else, it was only an annualized 3% increase for the month of June 2023. Guess businesses in your city is screwing people.
