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Jill 🌞's avatar

I appreciate your premise and can’t disagree w/the overall message. However your characterization of inflation is misleading. You refer to the 9.1% inflation under Biden, as something created with intention? The fact is we were recovering from a Global Pandemic, resulting in a global economic shutdown. The skyrocketing inflation during that time was not unique to the US. It was a global phenomenon. Likewise, I find your suggestion re: inflation levels, as inherited by the current administration, as ‘off’ - when numerous reliable sources have compared the US economy and inflationary measures prior to January as ‘strong and robust’. I don’t dispute your overall message- we are manipulated by the mainstream media and their use of polling only enforces that. However, the fact is, trump campaigned on promises to reign in COGs for US citizens. Last I checked, the tens of thousands of federal and ancillary workers who just lost their jobs, the thousands of hardworking farmers who’ve lost business due to adverse trade policies being implemented- to name just a few- are all US citizens who are now scrambling to pay their rent/mortgage & put food on the table. You may hold optimism for the outcome of the many outrageous economic policies and changes being implemented w/absolute intention. I do not. Perhaps time will tell?

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materials scientist's avatar

Minor nitpick, the S&P 500 is down now compared to the beginning of November. All of the post election gains are now gone.

That said, I don't think stock prices generally reflect the prosperity or lack thereof of the working and middle classes. Though it certainly can affect retirement accounts.

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