President Biden criticized news coverage of the U.S. economy as he faces growing backlash from voters over his handling of inflation. In brief remarks Saturday before boarding the presidential heli…
Yeah, even as a solid dem from my perspective this reads as “report how I want it to sound”. It falls flat.
That said; the economy is doing better (but unfortunately the kind of economic improvement that helps shareholders more than regular people), inflation slowed down, unionization is on the rise, fuel prices (temporarily, as always) are down…so that’s good.
But housing or every kind is still out of control. Record profits without commensurately rising wages. New cars are still fucking ridiculous money. We’re being subscribed to death.
So from an everyday perspective we are still getting fucked.
There's not much Biden can do about late stage capitalism. We're reaching the end game. Where companies take us for just nearly everything we have to where we "survive" enough to keep working and paying them but just barely.
Low wages, poor or high cost benefits, termination for any reason the employer sees fit… unions can also fill in gaps with additional insurance, legal benefits, addiction programs, and more.
Are you not from the US?
E: quick trip thru your comment history shows possibly Finnish? With libertarian and possibly anarchist leanings. Pro-free market to a fault while completely ignoring the damage free markets do, and the fact that they’re never really free.
I suppose you have a choice then. Let corporations run amok and sacrifice your well-being for profit as they do in the US, or in your case let unions take over and give people better lives at the expense of bureaucracy.
I prefer something in the middle after spending time in Europe and the US. EU quality of life is higher, as is upward mobility, longevity, and a bunch of other factors. FBFW that comes at the price of strong unions that make a lot of things difficult to do thanks to the bureaucracy.
I don’t think you really want truly free market. The first thing to be sacrificed is you for more profits.