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Sprinkles_Hopeful t1_iu1x7vs wrote

Reply to comment by FuzzPunkMutt in Pro-LGBTQ+ PAC Targets Penn. Republican Candidates Oz and Mastriano by wdcmsnbcgay

Republicans are screaming against the economy it's not the economy it's abortion voters rights and democracy Republicans just want you to think the economy is in shambles when in fact it's better now that it's been in many years so thank you Joe Biden

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fairak17 t1_iu27ywu wrote

I support Biden but inflation, interest rates, and stock market are objectively not better then they have been.

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orangesfwr t1_iu2n16j wrote

Interest Rates have been artificially low for nearly 15 years. The strength of the economy over the last two years is the only thing allowing interest rates to go back to "normal" so aggressively.

There was a time that a 7% mortgage would be considered amazing for the buyer.

With any economic measure some will consider it a good thing and others will consider it a bad thing.

The stock market is down this year, but it was also up 10 of the preceding 13 years, with two of those 3 other years being essentially flat. Historically, that's an anomaly.

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Sprinkles_Hopeful t1_iu2okt9 wrote

You are correct interest rates were at about 7% at the end of the '70s and let's not remember interest rates being 18% under Ronald Reagan that's when the housing market blew up but like everything else it corrected itself

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jdi000 t1_iu6k8sx wrote

This was bc of the failure of the jimmy Carter administration. Let's also thank jimmy for banning the recycling of commerical nuclear waste for all the lost jobs and income that was lost. Let's be real a president has little impact during his presidency and any benefits of programs usually show up years later.

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momlin t1_iu4nwzv wrote

We had a mortgage interest rate of 7% in 1975 and thought that it was a steal.....

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RecallRethuglicans t1_iu3rzju wrote

They are awesome. Biden has created more new jobs than anyone in history. And the greatest bump in social security in almost 40 years!

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jdi000 t1_iu6kfwc wrote

Not sure how Biden created new jobs lol. Companies create jobs by growing and being profitable.

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Sprinkles_Hopeful t1_iu2dqu1 wrote

I suppose it depends on your situation I have not made money like I have made in the past year and a half in my life I can easily afford gas I can easily afford food so if people are having a problem I sympathize with them however you cannot say it's bad for everybody because it's not

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dudeman4win t1_iu2dki6 wrote

You can’t actually believe this right?

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Sprinkles_Hopeful t1_iu2oond wrote

Absolutely financially I have been in good shape in the past but now it's just phenomenal like I said before if people are hurting I'm sorry but there are many people who are not hurting at all

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LostInSpace9 t1_iu2qwjv wrote

Your individual success does not represent the economy…

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Sprinkles_Hopeful t1_iu2yw0o wrote

Once again it doesn't reflect everyone

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LostInSpace9 t1_iu42zq3 wrote

You’re literally trying to say your success is a sign of the economy… are you okay? Contradiction city.

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_switch360_ t1_iu2vawz wrote

So what do you do? Create those ridiculous adds for the democrats that make Fetterman look capable of holding office? If you do, then you are deserving of the money, because he is a person in need of longterm recuperation!

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Sprinkles_Hopeful t1_iu2yxki wrote

No I'm a retired social worker

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breadonbread3000 t1_iu3x5k3 wrote

In my experience most baby boomers have little to no concept of reality at this point. The ones that are lucid enough to understand how reality functions in the current century are only concerned with acquiring as much money as they can before they die. They will be on their death beds taking out a mortgage because they won't have to repay it

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