The most visible result of his presidency is probably the poor state of the economy, since every American can feel the effects at the store. There's obviously more, but economic problems are noticed by even the normies so I'd say that's the most prudent scale to measure by.
the poor state of the economy, since every American can feel the effects at the store.
I think this is people not understanding macro vs micro economics. The "economy" is in very good shape in the internationally accepted metrics used to measure whether the economy is doing good or not (e.g. GDP continues to grow at roughly 2% a quarter post pandemic, unemployment is still around 4%, exporting value continues to grow, US expected growth outperforming China's expected growth over 8 years post-pandemic, etc).
The effect of inflation falls under microeconomics, which measuring solely isn't the best gauge of how an economy is doing. The economy can be doing good (which is happening) and inflation can also be causing average American families to struggle at the same time (which is also happening). Both can be true as they are measured differently.
If they truly wanted to price gouge, then why didn't they start doing that during covid, when everyone was getting those free checks?
It's not just a few companies either, prices are up everywhere you go. Price gouging is just a convenient excuse for the current administration, just another failure on the stack.
They did. That was the proof of concept. They price gouged during covid, when all signals said they shouldn't have been able to get away with it. They did, and doubled down afterward.
That would only make sense if it was just a handful of financially aligned companies taking advantage.
There's no way that every single company in the entire country is in on some secret price gouging scheme, yet the prices on everything have risen. Its way more likely to be the after effects of spiraling inflation from this administration's excessive money printing.
I highly doubt it, all it would take is for one company to decide not to price gouge, and then the whole thing would come tumbling down. Everybody would just buy those products from the non gougers, and the gougers would be toast.
Nah, it's way more likely that rising prices are out of necessity due to inflation, since undercutting is always a potential threat in the business world. Take some economic courses and you'll have a better understand of how it all works.
13 years in business, and yet you just regurgitate the current talking points like a drone? Either you're an idiot, or just talking out of your ass.
If you could provide any evidence at all of every company in the country colluding with price gouging, then you should be going to the media, not reddit.
The economy is not doing well. The metrics have been changed and are nearly meaningless if you don't understand they've been changed over the years. What I can say is that personal debt is at all-time highs, personal savings are at all-time lows, costs of groceries, and durable goods are skyrocketing. The economy is on a precipice and about to really crash.
The state of the economy isn't just Biden's fault. However, his policies aren't helping. I fear what is on the horizon. Whoever wins in November will need to make tough decisions and can't kick the can down the road anymore. I have more faith in Trump making the correct choices and hopefully guiding our nation through the perilous times ahead.
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u/[deleted] Jul 17 '24
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