Current Events > Majority of Americans wrongly believe US is in recession

Topic List
Page List: 1, 2, 3
Antifar
05/22/24 12:49:20 PM
#1:


https://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-biden

---
Please don't be weird in my topics
... Copied to Clipboard!
TimeForAction
05/22/24 12:54:35 PM
#2:


Rich people arent hurting so technically we arent
... Copied to Clipboard!
PraetorXyn
05/22/24 12:57:09 PM
#3:


We may as well be for regular people. The rich getting richer might day otherwise but fuck them.

---
https://store.steampowered.com/wishlist/profiles/76561198052113750
... Copied to Clipboard!
pfh1001
05/22/24 12:57:21 PM
#4:


PraetorXyn posted...
We may as well be for regular people. The rich getting richer might day otherwise but fuck them.
... Copied to Clipboard!
ClayGuida
05/22/24 12:57:28 PM
#5:


Fox News is a danger to America.

---
lolAmerica
... Copied to Clipboard!
jefffan
05/22/24 12:57:54 PM
#6:


They keep seeing these fraud YT titles Like "America is on a recession trucks are piling up!!! Automaker Bailouts coming!!!" When it is literally just production finally returning after COVID issues / chip shortages.

---
Ernest Morgan: November 15, 1956-September 28, 2010: Best dad in the world.
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:04:09 PM
#7:


people here push that nonsense
... Copied to Clipboard!
apocalyptic_4
05/22/24 1:07:02 PM
#8:


Do people here un ironically believe we are living in a thriving economy currently?


---
XBL: Mrpicardbottoms
PSN: Bosh369
... Copied to Clipboard!
Doe
05/22/24 1:09:41 PM
#9:


So what is making people think there's a recession if there's not? There could be a disconnect between actual definition of recession and how Americans judge whether we're colloquially "in recession"

---
https://imgur.com/gallery/dXDmJHw
https://www.youtube.com/watch?v=75GL-BYZFfY
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:09:54 PM
#10:


case in point
... Copied to Clipboard!
ellis123
05/22/24 1:11:00 PM
#11:


apocalyptic_4 posted...
Do people here un ironically believe we are living in a thriving economy currently?
Yes, but chuds can't stay for too long without getting hit with the purg bat so the number is shrinking.

---
"A shouted order to do something of dubious morality with an unpredictable outcome? Thweeet!"
My FC is in my profile.
... Copied to Clipboard!
SaikyoStyle
05/22/24 1:11:54 PM
#12:


I guess technically we arent but we dont need to be in a recession for the capitalists to fuck over the workers, which they are doing relentlessly.

---
Taxes, death, and trouble.
Brunt/Gaila 2024. Make Ferenginar Great Again!
... Copied to Clipboard!
CyborgSage00x0
05/22/24 1:12:17 PM
#13:


This is the point where people usually blame Dems on bad messaging.

But Biden made the economy a big part of his SotU address. He's given interviews blasting Greedflation, and he and the Dems tried to tackle price gouging. Never mind putting the rich on blast.

At this point, people are just stupid. Even "groceries prices up brrrrr" has already been addressed by Biden and the Dems. But if this narrowminded attitude is all it takes to doom and gloom, then we may just be fucked as a society.

Doe posted...
So what is making people think there's a recession if there's not? There could be a disconnect between actual definition of recession and how Americans judge whether we're colloquially "in recession"
As far as I can tell, it's just inflation/greedflation.

Unemployment is at record lows. Wages have been on the rise (albeit not fast enough, but this has been a problem for decades). Unions are getting stronger for the first time in decades. The stock market is quite strong, not that that means anything. And inflation has dramatically shrunk. The cost of eating out and other things has starkly increased, but again, this is companies using inflation as a cover to raise prices. Nothing to do with any government.

---
PotD's resident Film Expert.
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:12:32 PM
#14:


SaikyoStyle posted...
I guess technically we arent but we dont need to be in a recession for the capitalists to fuck over the workers.
they have always done that
... Copied to Clipboard!
RetuenOfDevsman
05/22/24 1:13:00 PM
#15:


Is this one of those things where they took the denotation of the word too literally?

---
There's a difference between canon and not-stupid.
... Copied to Clipboard!
Kalk
05/22/24 1:21:48 PM
#16:


Inflation is the problem not recession.

---
f(O_o)f
... Copied to Clipboard!
obsolete
05/22/24 1:22:29 PM
#17:


The average American isn't doing better. The price of groceries went up but pay hasn't.
... Copied to Clipboard!
SAlYAN
05/22/24 1:23:39 PM
#18:


Kalk posted...
Inflation is the problem not recession.
Inflation is not the problem.

It is A problem, sure.

But 10% inflation does not correlate to 50-200% price increases. Because that's not how numbers work.

---
Doesn't take a lot of brains to be a good fighter.
... Copied to Clipboard!
bigblu89
05/22/24 1:24:13 PM
#19:


I gotta assume people just don't know exactly what it means when the country is in a recession.

People just assume "recession" means "I can't afford stuff".

---
You gotta laugh. That is the one thing at the end of your life you will not wish you did less of.
... Copied to Clipboard!
Kradek
05/22/24 1:25:17 PM
#20:


Surely it's not because our shitty ass mainstream media kept going on and on and on and on and on about an impending recession that never came to fruition but the masses had already internalized the fearmongering.

And anybody trying to claim we are and "the rich just aren't feeling it" clearly doesn't remember 2008 very well.

obsolete posted...
The average American isn't doing better. The price of groceries went up but pay hasn't.

Yes it has.

https://www.epi.org/publication/swa-wages-2023/#:~:text=

Between 2019 and 2023, hourly wage growth was strongest at the bottom of the wage distribution. The 10th-percentile real hourly wage grew 12.1% over the four-year period. To be clear, these are real (inflation-adjusted) wage changes. Overall inflation grew nearly 20%, or about 4.5% annually, between 2019 and 2023. Even with this historically fast inflation, particularly in the immediate aftermath of the pandemic recession, low-end wages grew substantially faster than price growth. Nominal wages (i.e., not inflation-adjusted) rose by roughly 34% cumulatively since 2019.


---
My metal band, Ivory King, has 2 songs out now - allmylinks.com/ivorykingtx (all of our links there so you can choose which one you'd prefer to use)
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:27:15 PM
#21:


SAlYAN posted...
Inflation is not the problem.

It is A problem, sure.

But 10% inflation does not correlate to 50-200% price increases. Because that's not how numbers work.
greedflation they are doing it on purpose where you been
... Copied to Clipboard!
emblem-man
05/22/24 1:27:41 PM
#22:


56% say US is in recession (reality: 7 straight quarters of positive GDP growth)
- 49% say stocks are down YTD (reality: S&P500 up 12%)
- 49% say unemployment at a 50-year high (reality: U3 has been under 4% longer than any period since the 1960s)

---
http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png
haters gonna hate
... Copied to Clipboard!
SAlYAN
05/22/24 1:29:33 PM
#23:


CADE_FOSTER posted...
greedflation they are doing it on purpose where you been
... the hell do you mean "where you been?"

I KNOW it's greedflation. That's why I was explaining why INflation wasn't the problem.

Because it's not. Republicans just want to blame inflation rather than corporate greed.

---
Doesn't take a lot of brains to be a good fighter.
... Copied to Clipboard!
WingsOfGood
05/22/24 1:30:46 PM
#24:


we did go into recession and the media refused to ever claim that it had happened

that was like 1.5 years ago though, by this I mean back to back negative gdp
... Copied to Clipboard!
Bass
05/22/24 1:31:01 PM
#25:


The economy is fine as a whole, but yeah the common person is feeling the effects of greedy companies.

---
Many Bothans died to bring you this post.
... Copied to Clipboard!
Kradek
05/22/24 1:32:27 PM
#26:


People who think we're are in a recession are the reason "vibecession" is a term, because they're going off of vibes, not facts.

---
My metal band, Ivory King, has 2 songs out now - allmylinks.com/ivorykingtx (all of our links there so you can choose which one you'd prefer to use)
... Copied to Clipboard!
SaikyoStyle
05/22/24 1:33:54 PM
#27:


SAlYAN posted...
... the hell do you mean "where you been?"

I KNOW it's greedflation. That's why I was explaining why INflation wasn't the problem.

Because it's not. Republicans just want to blame inflation rather than corporate greed.
republicans want to blame Democrats, women, and all minorities.

---
Taxes, death, and trouble.
Brunt/Gaila 2024. Make Ferenginar Great Again!
... Copied to Clipboard!
WingsOfGood
05/22/24 1:37:56 PM
#28:


Kradek posted...
the reason "vibecession" is a term

never heard of it so I don't think it is a term unless you just tried to make it one
... Copied to Clipboard!
Tyranthraxus
05/22/24 1:38:25 PM
#29:


apocalyptic_4 posted...
Do people here un ironically believe we are living in a thriving economy currently?

Income inequality has nothing to do with whether an economy is in recession or not

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://i.imgur.com/dQgC4kv.jpg
... Copied to Clipboard!
foreverzero212
05/22/24 1:39:45 PM
#30:


Target, McDonalds, and car companies are lowering prices out of the goodness of their heart and not because things arent selling like they were.

Like its great prices are generally going up more slowly but that doesnt mean wages caught up to the new pricing of housing, healthcare, and food. People will call it a recession when they cant afford things regardless of technical definitions.

---
lions and panthers oh my
... Copied to Clipboard!
TMOG
05/22/24 1:40:05 PM
#31:


Oh well as long as the rich people say we're not in a recession I guess I'll stop complaining about never having any money
... Copied to Clipboard!
Tyranthraxus
05/22/24 1:41:02 PM
#32:


foreverzero212 posted...
Target, McDonalds, and car companies are lowering prices out of the goodness of their heart and not because things arent selling like they were.

No. They're lowering prices because they estimate increased transactions will result in more profit than it would with higher profit margins.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://i.imgur.com/dQgC4kv.jpg
... Copied to Clipboard!
Kradek
05/22/24 1:41:52 PM
#33:


WingsOfGood posted...
never heard of it so I don't think it is a term unless you just tried to make it one

https://www.ubs.com/us/en/wealth-management/insights/market-news/article.1608955.html

https://www.cnbc.com/2024/04/03/the-vibecession-has-gone-global.html

https://www.newyorker.com/news/our-columnists/will-historic-job-growth-bring-an-end-to-the-vibecession

https://www.cbsnews.com/news/cpi-report-inflation-economy-vibecession-cbs-explains/

https://kyla.substack.com/p/the-vibecession-the-self-fulfilling

https://www.techtarget.com/whatis/feature/What-does-vibecession-mean-and-will-it-continue-in-2024

https://www.cnbc.com/2024/05/22/were-in-a-vibecession-experts-say-heres-how-to-invest.html

https://www.unitusccu.com/blog/what-is-a-vibecession-and-how-do-i-get-through-it/

https://www.bloomberg.com/news/articles/2024-05-15/the-great-vibecession-rages-through-an-11-trillion-stock-boom

https://www.nytimes.com/2024/01/22/opinion/biden-trump-vibecession-economy.html

https://fortune.com/2024/01/19/is-economy-good-vibecession-consumer-sentiment-inflation-feelings/

https://www.fool.com/terms/v/vibecession/

https://jacobin.com/2024/02/vibecession-economy-biden-sentiment-inflation

https://www.dictionary.com/e/pop-culture/vibecession/

https://www.marketplace.org/2023/08/02/are-we-finally-exiting-the-vibecession/

https://recruitonomics.com/what-really-caused-the-vibecession/

https://www.linkedin.com/pulse/why-we-cant-shake-vibecession-even-face-good-news-bloomberg-news-dvfje?trk=public_post_main-feed-card_feed-article-content

https://www.bbc.com/worklife/article/20231213-the-vibecession-driving-holiday-mass-layoffs

https://www.alliancebernstein.com/corporate/en/insights/economic-perspectives/is-the-us-consumers-vibe-cession-on-its-way-out.html

https://finance.yahoo.com/news/vibecession-recession-cooling-inflation-rising-211617370.html?guccounter=1

Totes a term I just made up

---
My metal band, Ivory King, has 2 songs out now - allmylinks.com/ivorykingtx (all of our links there so you can choose which one you'd prefer to use)
... Copied to Clipboard!
The_Popo
05/22/24 1:42:18 PM
#34:


Anyone claiming we are in a recession is delusional. We are doing great and the best is yet to come!

</s>

https://gamefaqs.gamespot.com/a/forum/0/07f35ebe.jpg

---
Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:42:24 PM
#35:


foreverzero212 posted...
Target, McDonalds, and car companies are lowering prices out of the goodness of their heart and not because things arent selling like they were.

Like its great prices are generally going up more slowly but that doesnt mean wages caught up to the new pricing of housing, healthcare, and food. People will call it a recession when they cant afford things regardless of technical definitions.
goodness of their heart lol wtf
... Copied to Clipboard!
2Pacavelli
05/22/24 1:42:33 PM
#36:


Majority of Americans are struggling financially
... Copied to Clipboard!
dancing_cactuar
05/22/24 1:48:55 PM
#37:


-Me looking at college loans resuming in fall with my job paying exactly the same as it did several years ago with no room to go up while cost of living is more expensive
If this is a successful economy, I'd hate to see a recession.
https://gamefaqs.gamespot.com/a/forum/3/3543759b.jpg

---
PS5s have liquid metal tech like the T-1000- AceCombatX
Game devs don't deserve money- Zithers, in a topic he made on a game site about artists deserving money.
... Copied to Clipboard!
foreverzero212
05/22/24 1:50:23 PM
#38:


Tyranthraxus posted...
No. They're lowering prices because they estimate increased transactions will result in more profit than it would with higher profit margins.
And theyre trying to increase transactions because transactions have slowed/stagnated with current price increases. Ty for agreeing.

---
lions and panthers oh my
... Copied to Clipboard!
ShaneMcComez
05/22/24 1:53:13 PM
#39:


Dems needs to either executive action or pass laws (the next time they have a trifecta) that squarely combats corporate greedflation. Because we can't count on the American populace to figure out the complexities of how the economy works. Democrats have to literally lower food, gas, housing, etc prices on their own with as many regulations put in place on corporations for the public to notice, and yet there's a possibility they might stupidly give Republicans credit for it instead.

---
"Never confuse a single defeat with a final defeat." - F. Scott Fitzgerald
... Copied to Clipboard!
Kradek
05/22/24 1:54:47 PM
#40:


ShaneMcComez posted...
and yet there's a possibility they might stupidly give Republicans credit for it instead.

Especially after the Republicans vote against it and then start taking credit for it when it benefits their constituents, as they always do.

---
My metal band, Ivory King, has 2 songs out now - allmylinks.com/ivorykingtx (all of our links there so you can choose which one you'd prefer to use)
... Copied to Clipboard!
bnui_ransder
05/22/24 1:55:26 PM
#41:


It feels like it when we make the same or less yet everything costs more and more

Makes your dollar feel worthless

---
http://bnuiransder.tumblr.com/
So much A R T
... Copied to Clipboard!
CADE_FOSTER
05/22/24 1:55:53 PM
#42:


Dems have to take the gloves off and just push shit through stop pretending the republicans will ever stop blocking anything that will help
... Copied to Clipboard!
foreverzero212
05/22/24 1:59:02 PM
#43:


CADE_FOSTER posted...
Dems have to take the gloves off and just push shit through stop pretending the republicans will ever stop blocking anything that will help
Theyd get a lot of angry calls from their donors. One side gets paid to block the other side is paid to play nice with the side that blocks.

---
lions and panthers oh my
... Copied to Clipboard!
WrkHrdPlayHrdr
05/22/24 2:08:31 PM
#44:


In my experience the economy is great. But I think that's because I've finally reached that plateau where I go from "paycheck to paycheck" to I can put a couple bucks away/buy toys if I want to. I think my case though is just because my yearly raise pushed me to that next zone that I feel comfortable, as opposed to economic policies have made me this way suddenly.

I don't have kids or anything so I don't have a lot of the same circumstances or expenses a lot of others have. So frankly I just don't know if there's a recession or not.

---
"No. I'm a man so theyll get me a full size McDouble." - DuncanWii
https://i.imgur.com/cSxy3Od.png
... Copied to Clipboard!
RetuenOfDevsman
05/22/24 2:14:19 PM
#45:


I mean, I was educated in an American public school, so "money is have problems!!!" is pretty much my understanding of what a recession is.

---
There's a difference between canon and not-stupid.
... Copied to Clipboard!
Blbmbr666
05/22/24 2:26:14 PM
#46:


People saying the economy is good by quoting stock prices just conveniently ignoring companies having massive layoffs and price gouging to do it. Also that housing is just unaffordable now to the majority of Americans.

Yeah that's totally normal, there aren't any implications to the overall state of the economy on that. Number is green that means good!

---
Your memes.... end here.
... Copied to Clipboard!
foreverzero212
05/22/24 2:26:19 PM
#47:


bnui_ransder posted...
It feels like it when we make the same or less yet everything costs more and more

Makes your dollar feel worthless
Uuggh well if you would just learn how the economy works:

Its not about how far your dollar goes. Thats just your money having bad vibes.

Its about political groups paying analytical firms to come up with charts that say the word for what were in is not technically called a recession so they can justify their feelings of superiority over the general population in a Twitter argument.

---
lions and panthers oh my
... Copied to Clipboard!
legendary_zell
05/22/24 2:27:33 PM
#48:


I'm sure calling people who are suffering stupid will be a great electoral strategy! I'm really glad elected Democrats and people responsible for campaigns don't listen to you. Even just insisting that things are actually great is a better strategy than accusing people of being manipulated by the media or imagining things.

Economic indicators that economists use to track success and politicians use to prove success do not indicate what people actually feel on the ground. People feel more and more desperate, their lives are not improving in line with the numbers and parroting the numbers back to them when they can't pay their rent comes across as callous and out of touch.

---
I gotta be righteous, I gotta be me, I gotta be conscious, I gotta be free, I gotta be able, I gotta attack, I gotta be stable, I gotta be black.
... Copied to Clipboard!
Kradek
05/22/24 2:28:22 PM
#49:


Blbmbr666 posted...
People saying the economy is good by quoting stock prices just conveniently ignoring companies having massive layoffs and price gouging to do it. Also that housing is just unaffordable now to the majority of Americans.

Yeah that's totally normal, there aren't any implications to the overall state of the economy on that. Number is green that means good!

And people like you ignore the record consistent job growth, low unemployment and overperformance on new jobs.

Companies laying off people to cut costs in the short-term to benefit stockholders (think maybe there's a correlation between the 2?) isn't something that started in the last 2 years.

Very rarely is insatiable corporate greed not the answer for why a corporation or large company does something.

---
My metal band, Ivory King, has 2 songs out now - allmylinks.com/ivorykingtx (all of our links there so you can choose which one you'd prefer to use)
... Copied to Clipboard!
Smashingpmkns
05/22/24 2:30:30 PM
#50:


Economists: "there isn't a recession. You're just as broke as you were 5 years ago and things are marked up 200%"

Cool.

---
http://i.imgur.com/x04tPRZ.jpg
http://i.imgur.com/t7T392I.jpg
... Copied to Clipboard!
Topic List
Page List: 1, 2, 3