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[-] Tommasi@hexbear.net 112 points 7 months ago

The cool thing about inflation "plummeting" is that it doesn't undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.

[-] FourteenEyes@hexbear.net 79 points 7 months ago

It also means that prices are still going up, just not as fast

[-] SacredExcrement@hexbear.net 51 points 7 months ago

Something so many people miss lmao

"Inflation is down" Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse

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[-] Goferking0@ttrpg.network 53 points 7 months ago

yeah but wages went up by 5% - person trying to argue what a great job Biden has done.

They didn't seem to get why people are still doing poorly in the economy

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[-] Collatz_problem@hexbear.net 34 points 7 months ago

Just do more derivatives until numbers start looking good.

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[-] Egon@hexbear.net 82 points 7 months ago* (last edited 7 months ago)

"Inflation plummeted from going up very very very fast to just going up very fast"

That's not how plummeting works. Inflation hasn't gone down, prices are in fact still going up. They are in fact higher now than they were before.

"Oh but you need inflation" yeah if you're a fucking idiot classical economist that thinks people receiving a fair wage is the worst possible thing to happen.

[-] Mardoniush@hexbear.net 26 points 7 months ago

Being forced to learn partial differential equations and command economics to fuck with Libertarians "but muh calculation problem" is a curse because it illustrates just how badly the lanyard class fails to understand their own economic arguments for maintaining power.

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[-] star_wraith@hexbear.net 72 points 7 months ago

People talk about “Econ 101”, but even in my actual Macro 101 course, taught by a libertarian professor, we had good discussions about how broad metrics like “GDP growth”, “inflation”, or “unemployment” in themselves can be distorted or meaningless without drilling down and really understanding the numbers. The example the prof used was talking about a low unemployment rate but if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.

I just think it’s that libs know the economy sucks and are scared shitless because a bad economy means Trump wins.

[-] absolutefuckinidiot@lemmygrad.ml 47 points 7 months ago

The whole “econ 101” bit has always been hilarious to me because in any other field of study I feel like the general understanding is a “101” course, undergrad whatever, is going to be intentionally simplified for the purposes of teaching broader ideas but as you learn more you find these explanations are inadequate on many levels. With economics however that surface level understanding is apparently enough to allow you to speak with confidence

[-] BurgerPunk@hexbear.net 24 points 7 months ago

With economics however that surface level understanding is apparently enough to allow you to speak with confidence

smuglord surface level understanding is all i need. Checkmate tankie

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[-] quarrk@hexbear.net 40 points 7 months ago

I just think it’s that libs know the economy sucks

Many will admit it, but they believe it is either unavoidable or delayed effects from Trump (may be partially true)

As well, the natural cycle of capitalist crisis leads people to think that a downturn is in fact a good thing because it means the recovery is already coming. It shields systemic flaws and corruption from any attention because obvious wrongs are construed as natural.

[-] Elon_Musk@hexbear.net 19 points 7 months ago

A 5% unemployment rate is "optimal" iirc and record low unemployment is actually a bad economic indicator according to the federal reserve.

[-] DefinitelyNotAPhone@hexbear.net 24 points 7 months ago

The 5% unemployment goal is to ensure there's a reserve army of labor to depress wages. You're absolutely right that libs are ignoring the cognitive dissonance of ignoring that part of their ideology.

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[-] FlakesBongler@hexbear.net 61 points 7 months ago

God, I always forget how much he sucks when he's not doing Kelly

[-] queermunist@lemmy.ml 40 points 7 months ago* (last edited 7 months ago)

Within you there are two cartoonists...

[-] Ram_The_Manparts@hexbear.net 31 points 7 months ago

Holy shit this is the same guy?

[-] invo_rt@hexbear.net 29 points 7 months ago
[-] Ram_The_Manparts@hexbear.net 22 points 7 months ago* (last edited 7 months ago)

I've heard he's a lib, but was not really expecting whatever the fuck this is supposed to be

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[-] WhyEssEff@hexbear.net 51 points 7 months ago
[-] quarrk@hexbear.net 37 points 7 months ago

Is Ward Sutton his Ivy League alter ego or something?

[-] context@hexbear.net 32 points 7 months ago

kelly let it snore

[-] kleeon@hexbear.net 50 points 7 months ago

This, except all gifts are labelled "genocide"

[-] axont@hexbear.net 47 points 7 months ago* (last edited 7 months ago)

I choose to believe that Ward Sutton's cartoons under his own name are a bit he's doing. I'd rather believe he's mocking typical liberal editorial cartoons than face reality. I refuse to believe that the guy behind Kelly is some Biden defending, Ukraine flag liberal dork who deserve a wedgie. I instead choose to believe Ward Sutton is another character, the inverse of Kelly. His dark shadow if you will

Like I've already been through enough in my life by seeing what happened to William Gibson and Jello Biafra. How those two are liberals will always perplex me. I refuse to lose Kelly too. In the deep recesses of my heart lives a sicko from today until eternity sicko-yes

[-] the_kid@hexbear.net 26 points 7 months ago

I'm just now finding out that his name isn't actually Stan Kelly

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[-] Deadend@hexbear.net 45 points 7 months ago

None of that shit matters.

Rent is up, food costs more, pay isn’t going up.

Most people are worse off than end of 2022.

Dems should be constantly attacking republicans for making things worse.

[-] Quexotic@hexbear.net 29 points 7 months ago

Exactly this. I'm sick of people saying "The Economy™" is doing so damn well. Never has it been clearer that there are many economies, 2 of which are the economy of the investor and the economy of the working class*. The absolute tone deafness of statements about "perception mismatch" only serves to illustrate the brutality of class conflict. It's not a misperception of reality, we're living in 2 different realities.

*Also the economy of the impoverished and the black market among others.

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[-] barrbaric@hexbear.net 44 points 7 months ago

Inflation plummeted from 'apocalyptic levels' to merely 'terrible', why won't you vote for Genocide Joe?

[-] queermunist@lemmy.ml 41 points 7 months ago* (last edited 7 months ago)

Bit idea: convince liberals that bourgeois media is lying about Biden's economy as a capital strike to sabotage the most pro-labor president in history, and that's why we need to nationalize the media companies.

[-] MF_COOM@hexbear.net 36 points 7 months ago

Recession averted? Isn't the US in a recession right now?

[-] DengistDonnieDarko@hexbear.net 40 points 7 months ago

Much like Warhammer 40K Orks, the economy is only broken if you believe it's broken. As long as you keep saying "this is the best the economy has ever been", everything will keep working just fine.

[-] queermunist@lemmy.ml 33 points 7 months ago

We painted the economy red so it goes faster.

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[-] quarrk@hexbear.net 35 points 7 months ago

Recession “averted” by kicking the can without any fundamental change in the time they bought

[-] Self_Sealing_Stem_Bolt@hexbear.net 26 points 7 months ago

They spent TRILLIONS kicking that can down the road and the road is coming to a dead end soon.

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[-] Elon_Musk@hexbear.net 31 points 7 months ago

Still trying to understand how inflation can be 9% June 2022-June 2023 but 3% dec-dec.

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[-] Evilphd666@hexbear.net 30 points 7 months ago* (last edited 7 months ago)

Naughty Kelly! spray-bottle kelly

We must edit this. Make it right.

What would you put on the speech bubbles and gifts?

[-] Pastaguini@hexbear.net 25 points 7 months ago

Biden: “i didn’t bring any piss this year” Rest of the speech bubbles: remain unchanged

[-] Assian_Candor@hexbear.net 28 points 7 months ago

It looks like a Kelly strip

[-] FlakesBongler@hexbear.net 48 points 7 months ago

It is

Just him being sincere

[-] ElChapoDeChapo@hexbear.net 21 points 7 months ago

This trash can still be mined for emojis

:biden-empty-sack: would be a good one

[-] Des@hexbear.net 28 points 7 months ago

yeah i keep looking for the sicko-flipped yes-hahaha-yes-r in the window

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[-] Alsephina@lemmy.ml 22 points 7 months ago

Where's the genocide box?

[-] CrimsonSage@hexbear.net 19 points 7 months ago* (last edited 7 months ago)

The thing any sort of discussion of econometrics and their relationship to politics never even considers are people's expectations. Like maybe Brandon and the dems should consider the fact he was promising everyone significant change. Like maybe if you promise people you are going to change things and then don't people might be mad about that regardless of the data. I was promised student loan relief, I don't give a shit that inflation came down, I didn't get my money you fucker.

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this post was submitted on 26 Dec 2023
168 points (99.4% liked)

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