448
Trump Says Biden Plunging U.S. Into Depression. The Stock Market Hit a Record High
(www.rollingstone.com)
this post was submitted on 14 Dec 2023
448 points (93.4% liked)
politics
19097 readers
3739 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! 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.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
stock market =/= economy, this is one of the few times trump is right on something. the biden admin has been trying very hard with damage control with how fragile things are right now.
And I want you to remember this when Trump is elected again and starts using it to measure the economy again.
Somehow these "the stock market isn't the economy" and "unemployment numbers are a lie" "facts" only apply to Democratic presidents. I was alive in 2015/2016 when this rhetoric was just used. Maybe everyone else was brainwormed and forgot but here's the thing: when a Republican gets in there, suddenly everyone starts believing in the numbers even though nothing changed about them.
If people think there's a better objective metric to use, why don't we start proposing to use it or start using it informally?
GDP was invented so that we'd have a measurement of what was even occurring during the Great Depression because other available economic indicators didn't show the underlying problem. That's probably the case again, so let's get some different fucking statistics instead of talking about feels vs reals every thread, and let's use them consistently with both parties.
I'm not talking about partisian shit-flinging though. Granted, trump's idea of "saving the economy" is give corporations free reign to do whatever they want, but outside of that things aren't good, Unrealized losses for banks have been skyrocketing ever since Q1 2022.
GDI seems promising imo