Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
  • Drinvictus
    246·
    11 months ago

    I don’t know why this guy’s getting downvoted. Rent prices are at record high. APRs are through the roof. Groceries are getting more expensive every year. I’m even paying $20 more every month for car insurance. Sure Trump was worse but let’s not act like everything is all sunshine and rainbows just because it’s an election year.

    • AA5B@lemmy.world
      63·
      11 months ago

      Google seems t suck these days and I wasn’t able to find good data, but

      • I see historical graph of car interest rates peaking over 8% in November, but current advertised rates 4-7%
      • I see mortgage rates peaked in Sept and headed down. Most predictions I see are down or at least consistent - I didn’t see any predicting up
      • gas prices are much cheaper lately
      • my savings account t just went up again, I think it’s now paying 4.5%

      Gotta admit it’s tough to sympathize with a $20 insurance increase when I just got hit with the double whammy of teenaged driver and new car. My car insurance is quintuple what it was a couple months ago😒

      • PopOfAfrica@lemmy.world
        4·
        11 months ago

        A shocking amount of people I know, including myself were all laid off. Ive been unemployed for 6 months. There are zero jobs in my Ruby red shithole state aside from retail.

        This growth is not distributed equally.

        • AA5B@lemmy.world
          5·
          11 months ago

          my Ruby red shithole state

          It’s really difficult not to turn this political, but yes, it seems like political leanings are a huge part of it.

          Admittedly, my company is hiring mostly overseas in cheaper markets, but we are hiring, and a I’ve seen a lot of friends switch jobs to jump start stagnated pay

          • PopOfAfrica@lemmy.world
            2·
            11 months ago

            Thats the problem though, yes we know who’s to blame, but its still up to dems to fix it.

            Its not acceptable to just have them rightfully blame then throw their hands up.

              • PopOfAfrica@lemmy.world
                1·
                11 months ago

                My family safety net is here, so it would honestly take some saving at a different job before Im comfortable starting a life somewhere else.

                But eventually I may have to. In the meantime all I can do is keep applying.

                • Cryophilia@lemmy.world
                  2·
                  11 months ago

                  imo that “safety net” is a bit of a trap. I may be biased by how well this worked for me, but when I left my shithole Southern state I had like $40 and whatever could fit in my crappy car. Couchsurfed and slept in my car for the first few paychecks of the job I got pretty much immediately when I got to California.