I just read a post that the economy is performing better than it has in the last 70 years. In my opinion it’s not. The US economy is propped up by the petrodollar. And when we’re kicked out of the Middle East, bad things are coming. US made a grave mistake by weeding out the socialist, the communist, and the unionist.
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3 comments
Feel free to reply to any comment by clicking the "Reply" button.Part of being a progressive/socialist is acknowledging that the economy = people. In those terms the DOW means nothing at all and people's means to get by is everything. I therefore submit that this "70-year-record" is a bunch of horseshit and will only mean something to opportunistic professional economists who want to get into Drumpf's cabinet.
Garbonza
Level 6
Feb 11, 2020
0
With the wage gap as large as it is, that is just a BIG FAT LIE!!! The unemployment rate is always inaccurate. Once one runs out of benefits they are no longer counted as are people who were fired or quit and are not eligible. It is and always has been completely inaccurate. It is always higher than reported. It is one of the most useless statistics the government puts out there, because there is no way to be accurate.
Sticks48
Level 9
Feb 10, 2020
2
The economy is on life support at this point, I can show all kinds of good things if you borrow $1 trillion and give it away. The economy is doing great for the top.01 %, very good for the top 2%, good for the top 10%, and poor for everyone else. Actual employment is at a 40 year low, under employment is near record levels, the gig economy has transfered the risks to the workers and profits to the overlords. I could go on, but suffice it to say that I disagree with the poster that said the economy is performing better than it has in the last 70 years.
The largest problem with statements like that is the definitions of what they mean.
glennlab
Level 10
Feb 10, 2020
3
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