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It wasn’t too long ago even if you were poor you could buy a plot of land throw a trailer on it, own a decent truck, shop at Walmart and live a pretty good life. Foreigners used to post YouTube videos inside of our retailers amazed at how affordable and abundant everything was. The precovid US system had some real benefits. We shouldn’t have taken that for granted. Will things ever go back to the way they were? I enjoyed rampant consumerism.
Not with this current administration pulling the levers... Brandon and the democrats have seized on the opportunities provided to make bad situations worse all over America, and all over the world.
Ever since the 2008 recession, and really even before, the Fed had pushed zero interest rates, an whipped up vast amounts of cash, and dumped it into the economy, just to create the illusion of prosperity. Until Covid, that's to a flood of cheap imported (mostly Chinese) consumers goods, the inflation this caused was mostly expressed in assets (stocks, real estate, gold, crypto currency, modern art, baseball cards, etc.) Covid broke the supply chain, caused labor shortage, and the inflation made its way into consumer good. And there's no way out without serious economic pain. In the mean time the inflation has made us uncompetitive in the world economy,
It wasn’t too long ago even if you were poor you could buy a plot of land throw a trailer on it, own a decent truck, shop at Walmart and live a pretty good life. Foreigners used to post YouTube videos inside of our retailers amazed at how affordable and abundant everything was. The precovid US system had some real benefits. We shouldn’t have taken that for granted. Will things ever go back to the way they were? I enjoyed rampant consumerism.
This has nothing to do with COVID in my personal opinion, there was very little inflation during COVID when Trump was President.
Democrats love scarcity. Democrats love regulations which cause housing prices to surge.
The Democrat policy is extreme scarcity through regulation.
Voters who voted for Biden voted for San Franciscanization of America and that includes San Francisco prices.
There was very, very little inflation when Trump was in office.
Democrats voted for San Franciscanization of United States when they voted for Kamala Harris/Joe Biden though.
Ever since the 2008 recession, and really even before, the Fed had pushed zero interest rates, an whipped up vast amounts of cash, and dumped it into the economy, just to create the illusion of prosperity. Until Covid, that's to a flood of cheap imported (mostly Chinese) consumers goods, the inflation this caused was mostly expressed in assets (stocks, real estate, gold, crypto currency, modern art, baseball cards, etc.) Covid broke the supply chain, caused labor shortage, and the inflation made its way into consumer good. And there's no way out without serious economic pain. In the mean time the inflation has made us uncompetitive in the world economy,
I might be wrong but I remember back in the 1990s that American manufacturing wages were lower than many European countries but the cost of living was generally very affordable.
I remember a few months looking up manufacturing wages these days and because of the extremely high housing prices and costs in the USA that manufacturing wages are now around three times what they are in Italy which was surprising.
It wasn’t too long ago even if you were poor you could buy a plot of land throw a trailer on it, own a decent truck, shop at Walmart and live a pretty good life. Foreigners used to post YouTube videos inside of our retailers amazed at how affordable and abundant everything was. The precovid US system had some real benefits. We shouldn’t have taken that for granted. Will things ever go back to the way they were? I enjoyed rampant consumerism.
YT not been around that long, and monetization to encourage people to vlog as much as they can has an even shorter existence.
So how do we know how long a poor person buying land, living in trailer, shopping at walmart, and living good it happened for?
It wasn’t too long ago even if you were poor you could buy a plot of land throw a trailer on it, own a decent truck, shop at Walmart and live a pretty good life. Foreigners used to post YouTube videos inside of our retailers amazed at how affordable and abundant everything was. The precovid US system had some real benefits. We shouldn’t have taken that for granted. Will things ever go back to the way they were? I enjoyed rampant consumerism.
This has nothing to do with COVID in my personal opinion, there was very little inflation during COVID when Trump was President.
Democrats love scarcity. Democrats love regulations which cause housing prices to surge.
The Democrat policy is extreme scarcity through regulation.
Voters who voted for Biden voted for San Franciscanization of America and that includes San Francisco prices.
There was very, very little inflation when Trump was in office.
Democrats voted for San Franciscanization of United States when they voted for Kamala Harris/Joe Biden though.
Yup. Everything that is wrong in the world is the fault of the Democrats in the USA.
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