Is it really a bad economy in your opinion or the people are just getting ripped off through price gauging by corporations?

[Hispanic-Cool-Guy]

They seem to increase their products prices in particular food by several cents a week and give you less or shrink the product. And housing seems like a nightmare now.

[goaded]

Definitely the latter. The feds recently raided a corporate landlord suspected of conspiring to artifically raise rents, which have "climbed 30.4% while incomes expanded 20.2% from 2019 to 2023".

https://popular.info/p/feds-raid-corporate-landlord-escalating

https://www.bloomberg.com/news/articles/2024-05-07/us-rents-climbed-1-5-times-faster-than-wages-in-last-four-years

[Hispanic-Cool-Guy]

Hence, my question because I just literally saw the news of such. It's truly disgusting.

[goaded]

That's just one more to go along with the food and fuel monopolies.

[exitseven]

The economy started getting bad when gas prices started going towards 5 bucks a gallon. All other goods went up in price because of it. Goods are delivered by trucks that burn diesel fuel which also spiked. People had to spend a lot of extra money on essentials like energy and food. Ithink the average family spent 7,000-9000 dollars extra a year.
Inflation became a vicious cycle and the Biden administration pushed through the "Inflation Reduction Act" by printing over a trillion dollars. Most economists said that printing more money would just make inflation worse. It turns out they were right.

[exitseven]

Thanks for the MHO😎

[NathanDavis]

here's the thing... companies and corporations do raise praises, blame it on the economy going bad

but you'll rarely or never see them lowering prices, when the economy recovers or is doing good/better...

[Hispanic-Cool-Guy]

In other words we are screwd.

[NathanDavis]

on that end... pretty much, yes

[AviatorTom]

Overall, the economy is doing okay, not great, but okay. The world is still recovering from COVID, and capitalism does rule... companies are out to make money, and a way to do that is increase prices while decreasing product... inflation with shrinkflation.

[strateguy632]

my grocery bill said you are way off. also...
in 2017 companies wanted to make money too! but not like this. this is accelerated inflation.

[strateguy632]

well obviously i am biased to blame democrats same as they blame republicans... with equal zero credibility but... this time EVEN liberal cnn economists criticized biden "wrong" economic policies... this is real influence and i suspect intended to drag down the middle class.

if you are middle class dont vote democrat only "small government republican".

[impalabill77]

I'm middle class and vote democrat. Trump tax cut for the rich. How was that supposed to help the middle class? Then, if biden's economic policies are so bad, then why is our unemployment down to record levels? Only a MAGA republican would think that way.

[noohair]

Economics 100;
Prices are not going up; the value of your money is going down. What causes the value of your money to go down? That is 100% on our government and deficit spending. Our national debt is 34,000,000,000,000. Money can be printed by governments. Wealth is created by adding value to a good or service and creating profit.
Everyone should learn this in high school, sadly no one does.

[strateguy632]

i agree and superb presentation! 🤴👨‍🎓🥇

[DrPepper12]

As much as 70% of consumer good inflation has been attributed to corporate greed based on people expectations of inflation.

[shortster]

Bad economy. Companies understand the complexities of supply and demand much better than the average consumer that understands the complexities of supply and demand much better than the average politician.

[strateguy632]

yes! like the joke in film richiie rich. the president asked the rich for advice about economy... he said "if you spend, more than money coming in , then you make debt" obvious? but politicians need reminders... and how to use public money... not biden attitude "not mine i will give 500 million to south america nnd 9 billion to africa" as i complained in my mytake.

[OddBeMe]

Inflation is at norms... so any outrageous price inflation is corporate gouging. Perhaps trump is their smokescreen for bullshit
re-state//background_color_rgba (0, 0, 0, 0), font_color_rgb (77, 77, 77), justifyLeft

[Dargil]

It is brainless Democrat policy. Under Trump, things were so much better,

[DrPepper12]

1) the independent Fed prints money
2) inflation is a world wide problem

[Anonymous]

Both. The companies shouldn't be allowed to raise prices until they improve the economy.

[strateguy632]

that only makes sense for basics like eggs milk bread. in general the government should only motivate competition to cause price wars.

[DrPepper12]

Are you saying price controls? 😱

[Opinion Owner]

Yeah

[DrPepper12]

You're kidding right? You do realize we're still fucking up the economy with price controls from WWII? What kind of capitalism would even support that?

[Opinion Owner]

I would rather have a fucked up economy where everything is affordable than a "good" economy where everything is expensive

[DrPepper12]

Price controls distort the market and put off a reckonung that just grows every year!!! And Commrade Opinion Owner, price controls have a glorious history under communism!

[Opinion Owner]

Who gives a shit about the market

[DrPepper12]

You are ripe for indoctrination. Enjoy the ride

[Opinion Owner]

You have already been indoctrinated

[Anonymous]

Dude--that's pretty much the DEFINITION of a bad economy.

[impalabill77]

People are getting ripped off by price gauging.

[strateguy632]

of course not! people who can't afford luxury dont eat a ten dollar salad! they go to mcdonalds for a six dollar big mac!
only the rich buy it and for them a 50$ is a nickle.