• America Still Very Gloomy About Economic Future

    From 68g.1502@21:1/5 to All on Thu Feb 8 02:43:33 2024
    XPost: talk.politics.misc, alt.politics.usa, alt.elections
    XPost: alt.politics.republicans

    https://www.dailymail.co.uk/news/article-13059261/Why-Americans-feel-blue-economy-despite-low-unemployment-falling-inflation-Fears-incompetent-government-war-end-social-security-spooks-millions-workers.html

    Americans are still extremely gloomy about the state of the
    economy and their financial prospects, despite every indicator
    rapidly improving.

    Unemployment is down to just 3.7 percent, and below 4 percent
    for two straight years, while the GDP grew 3.1 percent last
    year despite recession fears.

    Even inflation, which peaked above 10 percent and drove
    prices of everyday goods through the roof, is now at just
    over 3 percent last year, and is expected to drop to 2.2
    percent this year.

    Prices only rose 2.6 percent and Americans are spending
    again, with retail sales up 5.6 percent from a year ago -
    a good indication of improved economic health.

    But every poll shows Americans are pessimistic about the
    economy and expect things to get worse, not better as
    all the numbers predict.

    . . .

    Well ... while the economics do seem "better", of
    LATE anyway, Americans don't see much of anything
    HOLDING THAT UP. It's more a statistical sort of
    "improvement" - and only an 'improvement' relative
    to what's been going on the past few years.

    Ever read that bit in "1984" where they cut the
    chocolate ration - and then celebrated a slight
    improvement awhile later ? Thing is that nobody
    was still getting nearly as much as they used to,
    the "increase" was bullshit.

    Today's JoeConomy seems to be held up by number
    tweaking and deficit spending - not any actual
    expansion of good money-making enterprises.

    As for SS ... CAN'T really disappear it. FAR too
    many, reliable voters, spent 20/30/40+ years
    putting lots of their money into it - and EXPECT
    their damned pay-off. Many absolutely RELY on
    that pay-off. Never piss-off the old people,
    they've got nothing to lose and will GETCHA.

    Now much YOUNGER people ... maybe they won't
    get SS. However they'll still be expected to
    pay INTO it in some form - obvious or disguised.
    THEY won't go for that either.

    Starting pretty soon, the main "labor force" and
    tax-source is going to be all those "Mexicans".
    Did you think the "uncontrollable immigration"
    was an accident ? However, one gen later, "AI"
    will take most of their jobs (and most of
    everyone elses). Then the USA is Beverly Hills
    and vast vast ghettos full of obsolete people.

    Work out the economics of THAT.

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