Politics

[Red Leg]

The only way its going to improve is for wages to go up.. and that takes time..

Assume you get a 4% increase this year.. and inflation holds at 3%.. its going to take a very long time for you to notice any real impact..

Major purchases like buying a house could have a substantial impact.. if you closed on a house in 2022 with an 8% mortgage and now can secure a mortgage at 5.9% you'd see a pretty significant change in your monthly outgo..

But if we're talking day to day purchases like buying groceries or a new set of shoes, etc.. the savings are going to be small and incremental..

When you have back to back years where inflation goes nuts, while wages are stagnated like we saw during the Biden years it doesnt take long at all to feel the pain..

recovery always takes longer..

Its only been a year.. the first task was to put a tourniquet on the wound and stop the bleed.. I think there is plenty of evidence that Bessent/Lutnick/Trump collectively have accomplished that.. the next task is to start helping the wound to heal.. I think we'll see a bit more of that in 2026 if the economists are right with their predictions (lower interest rates on cars and houses.. higher interest rates paid on financial tools like CD's, savings accounts, t-bills, etc... lower costs on fuel.. etc..etc..).

But I dont personally expect us to get back to 2020 levels of comfort for at least 7-8 years.. and thats going to take getting a solid R in office in 2028..

When the economy crashed in 2008 it took until 2016 for median household incomes to recover to pre 2008 levels.. it took until 2014 just to get unemployment back to pre-crash levels..

We arent going to see a rapid recovery from Biden era fiscal policy either..

I am convinced this has become a group think kind of thing. We had five years - counting the Covid onslaught to get into this mess. Your figures, with respect to historical averages, are simply factual. But facts are irrelevant in the land of the internet full to overflowing with millennials complaining and emoting about the economy. Unlike, twenty years ago, this sort of on line "woe is me'ism" now has a vast and repetitive audience. Goebbels and Molotov would be astounded. This is of course exploited by the new American left which promises an imaginary future of equitable prosperity of no bills or financial responsibility.

 

[Altitude sickness]

This is what I hear when I hear people alive today whining about how tough it is out there.

 

[rookhawk]

I am convinced this has become a group think kind of thing. We had five years - counting the Covid onslaught to get into this mess. Your figures, with respect to historical averages, are simply factual. But facts are irrelevant in the land of the internet full to overflowing with millennials complaining and emoting about the economy. Unlike, twenty years ago, this sort of on line "woe is me'ism" now has a vast and repetitive audience. Goebbels and Molotov would be astounded. This is of course exploited by the new American left which promises an imaginary future of equitable prosperity of no bills or financial responsibility.

This is a serious problem and a major character flaw of Gen Y and Z. An irrational interest in equality rather than being equitable. The biggest threat I see coming through this type of thinking is "universal basic income" in the name of fairness. These youngsters do not understand that if everyone in America is paid something for not working, it will spike inflation as there will be more dollars chasing too few goods. It would be double redistribution of wealth, first through taxing the producers, then by devaluing the dollars remaining of the producers.

 

[Altitude sickness]

The last known survivor of the Civil War, Albert Woodson was born in 1850 and lived to be 106, passing away in 1956,

He lived through the Civil War, the first World War, the Spanish flu, the depression, World War II.

People today wouldn’t make through one of those events.

 

[Red Leg]

This is a serious problem and a major character flaw of Gen Y and Z. An irrational interest in equality rather than being equitable. The biggest threat I see coming through this type of thinking is "universal basic income" in the name of fairness. These youngsters do not understand that if everyone in America is paid something for not working, it will spike inflation as there will be more dollars chasing too few goods. It would be double redistribution of wealth, first through taxing the producers, then by devaluing the dollars remaining of the producers.

Exactly. Moreover, every single price for every single product in the market will simply move up to account for the new baseline.

 

[LivingTheDream]

Why all the millennial hate recently? Someone literally started a thread about Avocado Toast and Coffee. Its hunting season, feel like you guys would be in a better mood.

 

[Wishfulthinker580]

Why all the millennial hate recently? Someone literally started a thread about Avocado Toast and Coffee. Its hunting season, feel like you guys would be in a better mood.

I kinda started it when I pointed out the boomer hate going on

 

[BonUm16]

 

[Saul]

I am bummed that I missed all of the frostbite fun.

 

[Field28]

I have to say that it seems like there is a better level of civility in this thread the past couple of days.

It's good to see people either find common ground or agree to disagree in a civil manner instead of endless screaming and name calling.

 

[Rocked and Loaded]

I am bummed that I missed all of the frostbite fun.

Glad to see you back.

 

[Red Leg]

I am bummed that I missed all of the frostbite fun.

I am sorry you did as well. He would have been challenged playing troll in multiple directions. You have been away too long.

 

[Tbitty]

I am bummed that I missed all of the frostbite fun.

I don't know, Saul... seems kinda fishy you conveniently "weren't here" during the Frosty shenanigans but magically are back now that he's gone...

 

[Tundra Tiger]

I am bummed that I missed all of the frostbite fun.

Welcome back sir.

 

[Saul]

I don't know, Saul... seems kinda fishy you conveniently "weren't here" during the Frosty shenanigans but magically are back now that he's gone...

Well I did have to take time off to canvas for Mamdani

 

[CoElkHunter]

Almost $3 a gallon less than what I am paying here in CA. Yet, when it was on the ballot to reduce the newly enacted gas taxes people still voted for higher taxes. Go figure. I just renewed my car registration as well $1,200+ for the year.

And wait until the two oil refineries shut down there by the end of next year. I’ve read where $8+ gallon is forecasted.

 

[PARA45]

Welcome back sir.

I’ll second that. Welcome back!!

 

[Corey0372]

Well I did have to take time off to canvas for Mamdani

You too?? I must have missed you out there.

 

[cwpayton]

Almost $3 a gallon less than what I am paying here in CA. Yet, when it was on the ballot to reduce the newly enacted gas taxes people still voted for higher taxes. Go figure. I just renewed my car registration as well $1,200+ for the year.

BUT take heart, those well maintained roads you have and that clean air that drifts over my way except when your burning up which is most of the time.

 

[cwpayton]

I am convinced this has become a group think kind of thing. We had five years - counting the Covid onslaught to get into this mess. Your figures, with respect to historical averages, are simply factual. But facts are irrelevant in the land of the internet full to overflowing with millennials complaining and emoting about the economy. Unlike, twenty years ago, this sort of on line "woe is me'ism" now has a vast and repetitive audience. Goebbels and Molotov would be astounded. This is of course exploited by the new American left which promises an imaginary future of equitable prosperity of no bills or financial responsibility.

Not a millennial but to add a complaint does anyone else think the restaurant food has been crappy ever sense right after covid, not counting upscale restaurants, just your average chain . quality is way down.