Quote:
Originally Posted by JOinGA
The sad bottomline is that this White House can say anything and a large portion of the US population will believe it without question. Whether it is true or not becomes irrelevant, as long as it buttresses the Trump base.
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"Adjusted for inflation, average weekly earnings have fallen 0.1 percent in the past 12 months. "
I do admit grabbing that from late 2018, but still.....Trump voters would have said things were great then also.
Of course, even that decrease in buying power...or an increase in buying power, are "average" and therefore take into account that the top-top earners are skewing the situation upwards.
Bottom line - things are going nowhere. In fact, based on the single largest real economic indicators which I consider things like:
Deficit needed to make up for what isn't being collected.
Number with adequate health care
and such things, one can only say "wrong direction". It's like saying that DOW 10K was great because the GWB/GOP Great Recession sent it below 7K.
My Dad taught us this lesson when we were kids. "Tighten down the thumbscrews really well...keep tightening...then loosen them a couple turns and the tortured will think they are in heaven".
How true!
Bottom line for those who actually look and see - is that the USA economy as a whole for the working people hasn't gone anywhere for 40-50 years.
This is even reflected in our Movies......
On one end we have Wall Street (Movies) and the Wolf of Wall Street.
On the other we have Roger and Me - the decline of corporate responsibility.....
The two are actually linked in that it has become Wall Street that drives a lot of the propaganda that you too can become like them if only you......buy their new trading software!
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