The "vibecession" just won't end, weird.
The "vibecession" just won't end, weird.
The "vibecession" just won't end, weird.
Jesus. This is the same shit that cost Kamala the election. Idiot libs just kept looking at the median inflation-adjusted income and saying, "look, things are fine, in real dollar terms, people's incomes are up!" Yet they never wanted to hear about the intricacies of how inflation is calculated and how the inflation rate can differ between income levels and life situations. In reality, people in the upper middle class experienced a negative inflation rate, while those in the working class experienced a high positive inflation rate. For those who owned a home and a had nice stock portfolio, their assets increased faster than the rising cost of basic goods. People who owned a home were able to refinance their mortgages to 2% and watched as their 401k balances soared. For them, things were great. For people living paycheck to paycheck with nothing to their name but an overdrawn checking account, they got the increased bills without any corresponding increase in owned assets. And that's before you consider how cooked inflation statistics are, downplaying the impacts of basic necessities, the bullshit goods substitution rules, and how cheaper luxuries can mask the soaring cost of necessities in overall inflation figures.
I remember having many conversations on social media with liberals who kept talking about the vibecession. But they didn't want to hear it. They stuck their fingers in their ears, shook their heads, closed their eyes and said, "median inflation adjusted income is up. Median inflation adjusted income is up. Median inflation adjusted income is up." Not in so many words, but that was the mantra. You could point out the numerous flaws in this, and how the very term 'vibecession' was dismissive and insulting to people's real lived experience, but the bastards didn't want to hear it.
Unfortunately for Kamala and for the rest of us, the voters made her hear it.
Wholeheartedly agree here except for the very last part - I don’t think Kamala or other establishment Dem figures “get it”, because they’re trapped in their own bubble of alternate reality separate and unequal from the lived experience of the working class.
I really find it weird that the vibecession articles never talk about the consumer confidence index. You know that thing that tracks economic vibes and has historically been correlated with upcoming recessions.
It's a vibecession. The problem isn't the rising cost of living, it is people feel bad about the rising cost of living.
I make less money now than I did in 2019 doing the same type of work with the same job title, except now rent and groceries cost twice as much
they killed our grandmas for this economy
It's almost like the real culprit is the contradictions inherent to capitalism and nobody's done anything but protect capital.
Why won't you poors keep spending money that you don't have? Don't you know we have yachts to wax? - cnbc
Infuriating when it isnt "vibes" - the western first world economies have been in a massive state of crunch against the workers to keep the line going up, but only the line matters to the fucking media porkies that are terrified of a second 2008 tipping the working class into uprising mode.
I'm sorry, everyone. It's my fault. I have the bad vibes that ruined the economy.
Dont post screenshots of headlines.