By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape
      • yunxiaoli@sh.itjust.worksEnglish
        2·
        3 hours ago

        Just starting to feel? Credit card debt reached new high by every measure under Biden, while consumer spending consistently declined and homelessness soared.

        Don’t get me wrong the shit economy has accelerated and the rich and middle class are finally feeling what the majority of Americans have been feeling for half a decade, but the economy has been shit. It’s one of the main reasons Biden/Harris completely lost the trust of the lower class when they always bragged about ‘the economy’.

        • zero_spelled_with_an_ecks@programming.dev
          2·
          3 hours ago

          Just meant the scale is going to get much much worse. The hole in the boat with the last administration is going to seem small compared to the torpedoes the current administration is launching at the boat. I’m expecting what little safety net there is to be completely gutted. Tariffs are screwing people. All the systems that offered a modicum of safety when it comes to pandemics, food safety, air travel, consumer protections, etc., are going to fail, making it even worse. There’s just no comparison.

  • giacomo@lemm.ee
    2·
    4 hours ago

    the same logic holds for literally everything he says. just assume the opposite to be true.