US economy going strong under Biden – Americans don’t believe it

cowpowered@lemm.ee to politics @lemmy.world – 659 points –
US economy going strong under Biden – Americans don’t believe it
theguardian.com
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gaslighting

I keep using that word. I do not think it means what you think it means.

They're using it correctly. When someone tells you the economy is great but you and everyone you know are worse off, that's gaslighting.

"Don't believe your own experience, just take my word for it."

Economic measurements were in the tank in 2010 for everyone except wall street. That was when the term "main street" actually got recognized in the media. There were plenty of articles about it.

Yikes

Do you think unemployment is near a 50 year low?

Do you think GDP is growing?

These are real, quantitative measurements that people are WRONG about. It's not just some dude's word. It's the TRUTH, and you're REJECTING it. It's sad.

Tell that to my back account, the GDP can do whatever the fuck it wants.

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

More like 7 years. The workforce participation rate is the only number that matters. I don't care about your games of "well if we don't count everyone unemployed no one is unemployed".

Is that line going up or down lol

The unemployment rate is not the best measure, you're right. But the point is that it's improving substantially, whichever metric you pick.

Lol.

The line is trending around crap. Go ahead and zoom out to what happened in 2008. You told a lie before and I called you out on it with data. Accept it or lol some more but you aren't convincing anyone what they can see with their own eyes. Lol

data

I don't think this means what you think it means either. You're just going waaaaaaaah economy bad I can't hear your data waaaaaaah

Data shows the economy is improving under Biden. Deal with it.

Workforce participation rate

Is improving

No it's hovering around crap. Call me when we hit 2007 levels.

Then you'd be complaining it's not higher than that.

Oh look we got a mind reader over here. Why don't you defend your point instead of engaging with hypotheticals about what people who disagree with you would say? You know attack the argument not the person.

The real unemployment rate is horrible. How I may or may not react to a good rate does not mean the rate isn't horrible.

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I think they used it correctly. This whole thing feels like 2010 all over again. We all know things are on fire and the government/media keeps saying how great it all is.

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