230
Fun fact: 63% of US workers can't afford a $500 expense
(lemmy.today)
SOURCES:
- https://www.theguardian.com/us-news/2023/sep/15/biden-economy-bidenomics-poll-republicans-democrats-independents
- https://abcnews.go.com/US/us-poverty-rate-jumped-2022-child-poverty-doubled/story?id=103130527
- https://www.cnbc.com/2023/08/31/63percent-of-workers-are-unable-to-pay-a-500-emergency-expense-survey.html
Enjoy your strong economy, everybody!
Linking this to just Biden is disingenuous and really buries the lede. This meme just divides us further in service of ignoring that the problem is the entire fucking system and not just one politician or one party.
While I don’t necessarily disagree with you, it’s important to note that a centerpiece of Biden’s reelection campaign is “Bidenomics”. HE’S the one trying to link the current/future economic trajectory to his presidency here, not us.
That’s just one of the many reasons this message feels so tone-deaf. It reminds me of those ridiculous “I did that!” stickers that people were putting on gas pumps. Only now, it’s the Biden campaign that’s basically saying “yup, we really did do that” but for the entire economy.
Do you know what's in the "Inflation Reduction Act" that Biden and the Democrats passed? This dude kicked pharma companies in the nuts and it sounds like you have no idea.
Ah yes, as everyone knows, the economy is made up entirely of our interactions with pharma companies.
US Census data definitely hasn't recorded a yet another year of decline for real median household income. Supplemental Poverty definitely didn’t see its first overall rise in the last year in over a decade.. Child Supplemental Poverty definitely didn’t double last year after maintaining a historic low due to the expiration of child tax credits. The Gini Index certainly isn’t maintaining its 50 year high.. Personal savings as a percentage of disposable income definitely didn’t decrease by 13% in three years. And in conjunction with all this, the ticking time bomb of the household debt service ratio is certainly not recently tending upwards and is projected to continue due to high interest rates
But yeah, totally, us stupid ungrateful American workers who went a couple years without wage growth and are further squeezed out of the possibility of homeownership probably just haven’t read the IRA. Otherwise we’d join all you very well-read geniuses celebrating an inflation-locked price increase specifically for a portion of Medicare Part B and D biologics which lack generics and which doesn’t limit launch prices at all. Oh, and whose non-interference exceptions don’t take effect for another two years and are contingent on a good-faith agreement from a presidential cabinet position which has a very real chance of falling into Republican control. Specifically, the Republican who has already made overtures towards getting rid of drug rebates.
Crazy that some of us are not more excited about the economy. Probably just in our imagination, huh?