this post was submitted on 12 Aug 2024
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The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a ‘soft landing’ after inflation troubles in recent years,” The Hill reports.

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[–] [email protected] 2 points 3 months ago (1 children)

I shit on corporate Dems too, but this is just an RFK brainworm take. If you aren't at least acknowledging the inflation reduction act and the turnabout on union support then you're living a in a bubble.

[–] [email protected] -3 points 3 months ago (1 children)

If you aren’t at least acknowledging the inflation reduction act

The inflation reduction act did a great job of boosting spending on a few niche industries, which has been a boon for cybersecurity and energy industry portfolios.

the turnabout on union support

Is green shoots that we're seeing crushed underfoot by the judicial dismantling of the NLRB. Which brings us back to Joe Biden's unwillingness to pack the courts and the periodic Dem majority in Congress dragging its feet on any kind of judicial reform or legislative backstop of historical judicial decisions.

you’re living a in a bubble

The approval ratings of all these assholes is in the toilet. Less than a trillion dollars spread over four years in a $27T/year domestic economy isn't moving the needle, particularly when all the fundamentals - housing costs, health care costs, education costs, even basic food costs - are continuing to outpace wages, while the actual state of domestic infrastructure on the aggregate deteriorates faster than repairs and renovations are implemented.

There's a reason Biden dropping out was such a serious shot in the arm for the party as a whole. He was dead weight.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago) (1 children)

You're right it wasn't enough, but the IRA moved the needle on inflation. Build Back Better would have done more. You talk about healthcare costs, caping insulin is a win. That might not matter to you, but it matters to my diabetic neighbor.

[–] [email protected] -1 points 3 months ago (1 children)

You talk about healthcare costs, caping insulin is a win.

For a single medication that's still sold at significantly below the capped rate just about everywhere else in the world. The systemic problem of medical price gouging continues unabated.

That might not matter to you

This is a rule that only applies to senior citizens. So I don't get to benefit until I turn 65. How many people will die of diabetes before they're even eligible for this special rate?

[–] [email protected] 2 points 3 months ago (1 children)

I just told my neighbor his cheaper insulin doesn't matter and the world would be the same if he were more poor. Thank you for giving the courage.

[–] [email protected] 0 points 3 months ago (1 children)

I just told my neighbor his cheaper insulin doesn’t matter

That sounds like a cheap, catty, and disrespectful thing to say to your neighbor. I get the sense that you might be an asshole.

[–] [email protected] 1 points 3 months ago* (last edited 3 months ago)

I get the sense that you might be an asshole.

I can see how insisting on a level of purity that ignores the material conditions of my neighbors could lead you to believe that. I must be the biggest asshole for shitting on Biden when this guy was actually presenting receipts. I will go touch grass.