13 upvotes, 2 direct replies (showing 2)
View submission: Thoughts on trump’s economy?
There’s two things that are important to note here
1. price increases are both rather “in your face” and ever-present in the sense that people are constantly buying things and thus seeing reminders of said increases, whereas increases in one’s income are much less so either of those things
2. macroeconomic measures are just that: measures of the larger economy. They can indicate that the average conditions for individuals across the country are improving, but at the same time are rather poor predictors of the conditions of any individual person, locality, and even somewhat at a state level.
Comment by Gold-Bench-9219 at 10/03/2025 at 22:02 UTC
12 upvotes, 0 direct replies
Yes, but presidents don't have any real power over microeconomics, and one could argue not that much control over macroeconomics, outside of batshit situations such as with Trump and the tariffs and global destabilization tactics. Presidents are big-picture leaders, and their main role in economics is appointing people who know what the hell they're doing and who have a lot more direct power.
Comment by Cereal_Poster- at 11/03/2025 at 02:18 UTC
1 upvotes, 0 direct replies
Omg thank you!
I have been screaming this. I recently heard something outrageous but true. In swing states they always ask people “are you worse off now than you were 4 years ago?” Well in 2008 when we were fighting through a major recession 47% of people in swing states said they were worse off now than they were 4 years prior. Flash forward to 2024. 65% of people in those same states said they were better off in 2020 (during the pandemic) than they were today. That says it all. In 2008 banks were failing. Housing was collapsing. The economy was the lowest it had been In a generation. In 2024 the stock market was at an all time high, we clawed back from global pandemic, but inflation was much higher. The average person doesn’t care about somebody losing their vacation home or a bunch of investment bankers getting kicked out on the curb. They don’t care if hedge funds are down 43%. They care if they lose a days wages filling up their tank and another days wages getting food for the weekend. Inflation will always sting the middle and lower classes more.