You're treating this economy like the actual two bubbles we had in modern times (the 1995-2000 tech/dotcom boom and the 2003-2007 housing boom), where it was 100% clear to anyone with a brain that it was artificial, and that a big crash was coming at some point.Originally Posted by sonatine
bidens message, which is accurate, is that the 'economy' is being propped up by debt the likes of which we have never experienced before. its the literal definition of a bubble. the metrics at bar for 'booming' have exactly zero impact on 98% of the nations lives.
people have to hold down several jobs to make ends meet.
'gig economy'.
health care is horror show. people are doing gofundme's to get teeth extracted.
we are less educated than ever and cant compete with foreign workers.
the list goes on. the 'economy' is like marveling how shiny the rails are on the titanic.
and joe's right.
shit this is probably why we are throwing up lames for this election cycle.
The economy this time around isn't largely driven up by a single overvalued industry, thus your "Titanic" comparison doesn't apply. Much of what you wrote above is either untrue, or misleading.
Healthcare is a horror show, but it is the culmination of a lot of factors which have existed for decades, and is not the fault of any one party or Administration. Plus, all of the plans that Democrats have for it (aside from Biden, who seems to want to do nothing) will just make it worse.
The gig economy is difficult to prevent without local or state ordinances regulating it. This isn't something that can really be handled at the federal level. It's a (flawed) form of temporary employment which has popped up recently because of the recent availability of apps enabling it.
We are not less educated, and we aren't failing to compete with foreign workers from a skill standpoint. We are failing from to compete only from an economic standpoint, when third-world workers are willing to do the same job for much less via outsourcing. But that's not a matter of education.
People "holding down several jobs to make ends meet" has been long exaggerated, and much of it is a result of poor money management skills. I actually know several people in my personal life who fit this description (not poker players), and these people otherwise seem very functional and normal in the rest of their lives. But when it comes to managing their money, they're a trainwreck, and then I inevitably hear them complain about how unfair life is when they find themselves broke. I don't bother to get involved, and just nod my head. Aside from the poorest segment of the population, the basic standard of living in the US is actually the best it's ever been.
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