News

23275 readers

3612 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago

MODERATORS

[email protected]

257

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it (abcnews.go.com)

submitted 11 months ago by [email protected] to c/[email protected]

179 comments fedilink hide all child comments

President Joe Biden goes into next year's election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.

Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress.

“Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this," said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.

“Honestly, I’m kind of mystified by it,” she said.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 11 months ago (2 children)

The people who bought homes at 3% interest rates are doing fairly ok. The increases in Healthcare, food, and utilities really suck but are mostly manageable if your housing cost is fixed.

Until we see policy makers talking about how rent prices are outstripping any wage increases, a large portion of the population will continue to feel increasingly crushed and disenfranchised. Averages cease being useful measures when the difference between the budgeting with a fixed mortgage vs variable rent is so significant.

Fortunately, I am in the first group, but had been renting for a long time before that. A lot of people I care about are still renters or stuck living with family. Even though I'm comfortable, I can't take anyone seriously who says this economy is healthy without addressing the millions of people struggling to make ends meet.

I really wish we'd see policy makers shift to measures of quality of life, including financial security, over raw economic metrics. Those metrics are even sometimes at odds to each other. For example, people fully owning durable homes and cars that don't need much maintenance would increase their quality of life, but decrease measures of economic activity.

[–] [email protected] 8 points 11 months ago (1 children)

I really wish we’d see policy makers shift to measures of quality of life, including financial security, over raw economic metrics.

Companies make the same mistake all the time: They optimize for the wrong metrics and then wonder why things break.

I don't know how anyone can call this a strong economy when 20,000 people filed for bankruptcy for medical expenses last year, and twelve million kids face food insecurity.

[–] [email protected] 6 points 11 months ago

I agree completely. 1/5 children are food insecure in my area. 20%. That's insane. We are a wealthy country and I'm in a major metropolitan area and yet, 20% of kids don't know where their next meal is coming from.

[–] [email protected] 3 points 11 months ago

Until we see policy makers talking about how rent prices are outstripping any wage increases, a large portion of the population will continue to feel increasingly crushed and disenfranchised.

Need to bring back the mustache mayoral candidate guy.