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This is what happens when your president is a used car salesman.
I can’t. Is this mental difficulties or that thing journalists do where they have to act like they were literally just born and don’t know anything about the world? I don’t know the dude in OP.
Wait, are you not aware of sarcasm?
Honest to god, I really just missed it. Reading it now it’s so blatantly sarcasm, I’m going to just have to blame it on a combination of lack of sleep and my being a dumbass.
Pretty ironic for someone with the handle, JokeDeity.
Despite all the myths Democrats are better for the economy. They always produce better numbers.
rich ppl yacht money “economy”, sure
Uh no? Compare employment numbers from whichever source you prefer. Democratic presidents have lower unemployment.
That’s not true. They definitely should do way more to help the working class but the numbers show that the economy in general is better under them.
You’re essentially agreeing to the person you’re responding to…
I think the average people do benefit as well not just the wealthy even though they do benefit more.
Uh, yes. We could talk about unemployment numbers, but even if we did (and i have a distinct feeling you’re being vague because you don’t plan to) those numbers aren’t by a long shot the only metric we use measuring the economy.
In fact a lot of ways “the economy” is measured doesn’t take into account things the average citizen cares about, like cost of living etc. hence my use of the widespread pejorative "rich peoples yacht money
I’m pretty sure average citizens care about being employed. But that’s just me.
Sound less like a redditor please. I left to escape the endless line of empty fucking quipbirds, with no fucking meat, no substance behind their words. If i want to hear an empty ass i’ll just eat beans
Says the guy who quipped about yacht economy. Eat a dick.
Nonsense. Disappointed this gets upvotes.
How the hell are the democrats the party of enriching the wealthy when compared to the fucking R’s?? I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?
Realistically the right makes things worse for the 90%, the centre makes things worse for the 90% but slower. At least in recent history.
I don’t think its “compared” to the Rs but just in general they are good for “rich ppl yacht” money. Your instant move to compare the two parties (making bad policy OK by comparing it to “OH FUCK” policy) is why the usa is in the state it is now.
Interesting. I didn’t know I had a say in US politics being 5000 miles away and not a citizen. I’ll be sure to smarten my ideas up. Send marine force 2 or whatever to pick me up and I’ll sort that shit show out for you once I kick trump in the balls/face.
Also there’s literally only one other option so yea of course it’s compared to the opposition. That’s how the system is setup.
AND youre not a citizen of the US? Sit your fool ass down playa 🤣
Bitch please. Who’d want to be a US citizen. The others are locked in there with tools like you.
Meanwhile in free roaming European: were laughing at you morons for electing a king.
And what makes you think you need to be an inmate to talk about the joint?
English is your second language so maybe you missed how whether you wish to be a citizen or not was not my point, your definite ignorance was.
Stop trying to save face, you have nothing to say to me and the fact you’re still yappin is pathetic
Are you sure you are replying to the correct comment? I am not american and yes I too have no say in their system, but “less bad” is still bad.
Not sure why you think commenting on geopolitics and other nations economic policy means you need to fall to the same BS they have. Even less that making comments somehow gives us a say.
Yes I am sure. You suggested my rejection of your idea and comparison is why the US is like it is now. Hence the joke.
Okay fine. They’re both bad. Which would you rather have won in 2024 now?
I think you’ve fallen for a classic ‘if left/centre not perfect might as well burn the house down’ fallacy personally but we’ll agree to disagree.
Why as not an american you used “miles”?
How the hell are the democrats the party of enriching the wealthy when compared to the fucking R’s??
glances at the Obama administration unprecedented market bull run while foreclosures were rampant and low-income poverty surged
The Americans, in typical capitalist extravagance, insist on having two right-wing parties instead of one.
I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?
Democrats sow, Republicans reap. But the line only ever consistently goes up for the already wealthy. Passive income dominates wage growth. Assets prices outrun revenues thanks to our investor-friendly monetary policies. And the Piketty R > G math, with ®ate of investment return > (g)ross domestic profit yield, leads to a steady consolidation of property in the hands of a shrinking ultra-wealthy minority under both parties.
Yes, democrats do periodically have to save capitalism from itself - for which the bourgeois are perpetually aggrieved. But what did Obama do when he was handed half the financial sector on a platter by the outgoing Bush Administration? Did he properly title homeowners who had already paid in mortgage several multiples of the face value of their homes? Did he cancel a bunch of outstanding student loan debt, so that college students weren’t perpetually hobbled by interest payments on debt? Did he universalize Medicaid or even deliver on a public option to evade insurance company graft?
No. He gave the bankers their crooked banks back for a vanishingly tiny ROI. He forgave the debts of major lenders, bailed out executives, propped up stock prices of major hedge funds and corporate institutions, subsidized private insurance to the benefit of the insurers, downsized Medicaid during the Government Shutdown fight, increased school privatization at the primary level, and did literally nothing for his most zealous base of supporters - educated professionals.
And then his party got absolutely washed in the subsequent three election cycles, culminating in the nation’s most incestuous pedophile taking the White House in 2016.
And that was Obama, the closest thing to a progressive the party has produced since LBJ. Carter, Clinton, and Biden were even worse.
I’m disappointed in you too friend, but how is that effin pertinent?
Discussion and disagreement are what boards are for, not clown ass comments like “muh disappointment” lolol lemmy get a load of this guy
Ah now it makes sense. So which part of the discussion was you frantically searching my comment history for some kind of win?
Sad.
THIS THREAD you soppy cunt. Pay attention to what youre saying at least, sheeeeesh
Ooh babys getting angry.
Actually that is a different comment chain. A different comment in this particular board.
You don’t know what thread means do you?
I thought discussion is what we’re here for? You seem to be getting upset.
Heeeheee yaa bruh I’m so mad rn 😘
more like lol street amirite
What’s interesting to me is that the “shape” of the line still matches the global line pretty well so there are some “fundamental” aspects that still affect markets, but overall we’re in a nosedive for “some reason.”
Sometimes The USA line goes up when the world line does, but sometimes it’s totally inverse, as the world quickly dumps US stocks and invests elsewhere.
You know if you just use a sharpie to draw the line going up instead of down there isn’t a problem anymore.
Don’t worry, the rest of the world will get pulled down when we really nose dive… hooray contagion.
I agree, but I don’t think it will be as bad as the last few times for anyone but the US. Trump has managed to piss off literally the biggest trade partners the US has, so they will happily just invest elsewhere and leave the US economy in the dust instead of trying to survive the crash together.
I also agree with you here.
We’ll pull the world down… but we will do significantly worse ourselves.
Yes, the global casino of interdependent pyramid schemes is extremely fragile.
Don’t worry though. Capital will print as much money, build as many prisons, and blow up as many brown people as it takes to maintain hegemony.
Note the vertical axis does not start at 0.
And?
And nothing, sorry if i implied anything. I just wanted to point it out. I appologise. This was my first comment on lemmy.
No need to apologise, mate, all good. 👍
I was wondering what point you were trying to make.
I don’t think this was done deceptively. Most financial graphs like this don’t start at 0.
It’s starting at a reasonable point for the data shown, I’m not sure what your point is. Do you think this graph would be more readable if you had 80% of the vertical axis as wasted space so the graph could show nothing from 0 to 95?
I don’t care too much for my personal view because I think I can read the chart well. I met several people in my life that would misunderstand a chart if it would not show the axis starting at 0. I don’t consider the space a waste. I consider it an indication that the shown value is less of an effect than it would indicate if the chart is zoomed in.
To be completely honest, I just wanted to test that commenting on a thread on other lemmy instance from my new lemmy instance works.
To be completely honest, I just wanted to test that commenting on a thread on other lemmy instance from my new lemmy instance works.
LOL. Support. Good luck with your instance.
It appears to be representing percent change from the close of the preceding period, so 100% isn’t a totally unjustifiable axis.
Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let’s make sure none of the assholes find a seat on a life boat.
Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.
All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.
Lucky me, I don’t have any retirement investments!
Maybe it will force Americans to do something against that? If no one has any retirement, there’s bound to be a lot of public outcry. There’s nothing to lose if you have nothing.
All of everyone’s retirement accounts are invested in the market.
Americans not willing to recognize that Social Security exists is such a fucking capitalist vibe
Social security is not enough to live off of. Is projected to be unobtainable for future generations who are paying into it, and is currently on the chopping block
Social security is not enough to live off of.
Nevertheless, it is 40% of retirement income. And none of it comes from the stock market.
projected to be unobtainable for future generations
Projected by advocacy groups trying to abolish social security.
You are being untruthful and dismissive: https://www.ssa.gov/oact/tr/2024/tr2024.pdf Page 9 is the jist.
They are going to have to change something either raise the retirement age or lower the payments both which make it more unobtainable then it already is. And that 40% is based what people make… in a time of rising inflation and stagnant wages…
The fact that social security is not tied to the market is super irrelevant, when the argument was that the 401k is in danger, when social security already is not enough to live on. so it’s important that people have a successful 401k to supplement it.
They are going to have to change something either raise the retirement age or lower the payments
Or just pay directly out of the general fund, which they can do with a simple vote in Congress and which they already do for Medicare/caid.
The fact that social security is not tied to the market is super irrelevant
It is the primary argument both for and against the program. Investors kick and scream about the benefits of compound interest, right up until a big market nosedive and bankruptcy spree. Meanwhile, it’s the benchmark for guaranteed basic income that progressives love to reference.
Decoupling income from economic growth isn’t irrelevant. It’s the program’s entire raison d’etre.
You would have the tax payers pay even more of the burden now, with out the benefit of even having it contribute to their social security… to pay the gap in social security, damning the tax payers twice. That’s not a permanent solution on top of that! I’m not saying social security should be attached to the market. I mean we are talking about the market fall after all! I am saying that being flippant that everyone Just needs to remember they have social security is dismissive and not relevant.
The real solution is making the average wage go up. Significantly. Which puts more money into the program overall.
With so much money having been shifted away from the average worker and Into the pockets of people who hit the FICA cap in their first paycheck of the year, over the last few decades, it was bound to have issues.
I agree with that, or a ubi, or taxing the rich. All that jazz
If the billionaires actually paid their share into it, it would be fine…
Yes.
I switched to cash last week.
How much of retirement accounts represent in % for the overall stock market?
Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate equities and mutual fund shares;demographic:networth;population:all;units:shares]
Not much, but the peecent of people who have their money in stocks for retirement is high.
In fact, those assholes will be fine. WE won’t.
and the only way to turn it around is a lot of angry people with guillotines
You think they aren’t already profiting off of the downturn?
half of them voted for this guy, so yeah I’m wondering whether they actually saw it coming or not
They’ll buy everything that collapses up at a great discount
To be fair, showing no historical correlation and just assuming the problem or separation started this year because it’s specifically indexed to the start of the year, is garbage math. Like, you got the correct answer, but you did the problem completely wrong.
What ever could the problem be? Tariffs! No tariffs. Tariffs! No tariffs … well some, maybe. Tariffs! Delayed tariffs … delayed tariffs again.
Maybe they should try more tariffs. More tariffs will fix it definitely.
Yo dawg, I heard you like tarrifs…
Side note, why do people seem to struggle so much with the spelling of the word “tariff”? We’ve seen it so many times yet so many people get it wrong.
Not really a side note, this is just the tip of the “American stupidity and overconfidence that got us here” iceberg.
Hmm
Maybe easy to pronounce as “tear riff“ which would lend itself to the double R
Too much trade between the states. We need to rip up the Interstate Commerce Clause
We just need to hawk more $100k Teslas from the White House. …what a fucking embarrassment.
is america great again yet? I think not.
They just need to try harder.
I like the little hopeful bump before the inauguration.
Still no idea why it happened, but it was a nice little bonus when I sold off all my positions before he came to power.
That’s not a bump. It’s in line with the rest of the world.
Yes, a bump in the world markets. On US news. A trend I hope we see less of in the future.
However much pain we’re feeling and will be feeling, as a nation not individuals, we deserve oh so much more for our inhuman crimes in the name of capitalist private profit. We destabilized entire nations trying to become societies solely to maintain access to their resources for our capitalist’s exploitation.
Every American better hope nation state karma doesn’t exist.
Oh fuck off with this “deserves” bs. Everything listed on that infographic happened before I was 18. I don’t “deserve” any of this.
You’re screaming “fuck off, I don’t deserve any of this because those thefts were carried out before I was 18”, but you’re screaming that sitting on the stolen furniture in a stolen house. The crimes mentioned predating your eighteenth birthday doesn’t mean shit when you’re still benefiting from the results of those crimes.
Everyone is benefiting and being hurt by decisions made in the past or decisions that they cannot control. These are meaningless statements. They don’t cause action, they don’t make people feel like they should do something. They just annoy people. The statements are ignorant. You have no idea who I am, what I do, how I live, etc.
So you can also respectfully fuck off as well.
If someone gets abducted and put in a stolen house with stolen furniture, are they to blame?
Like, I get it, we enjoy the privileges and share the responsibility to change shit. But responsibility and blame are two different things.
Agreed. The person I was replying to took the initial comment regarding nation karma for the US very personally and started ranting that he didn’t deserve this shit. No one blamed him, and I was trying to convey the same thing that you wrote: it doesn’t matter that we were not personally responsible for the historical crimes our nations committed, if the current society we live in still bases its wealth on what was stolen. We’d be indirectly benefitting from those crimes and therefore would have a responsibility to acknowledge that and try to do what we can to even things out if and when we can. Rejecting all links to those historical crimes and any responsibility for them can come across as arrogant to those on the other side of that equation, those who were robbed. But the person started hurling insults so I was obviously unable to communicate what I wanted to communicate.
Yeah you do.
We’ve seen your browser history.
Honduras 2009
Everything listed on that infographic happened before I was 18
So as a time traveler, does time branch into timelines when you make changes, does time defend itself from paradoxes, or is it a more cartoony back to the future type thing?
Also we’re still actively fucking with Cuba and now Panama again.
relax, dude
I’m still waiting people understand that the way Trump treat Zelensky isn’t new in any way, most people are just aware of it now because it happened in Europe.
