actually, Trump's ill-conceived trade war---creating global supply chain bottlenecks---paved the way for the global inflation.
I'm being gaslit the economy is booming but then we see things like this: Dollar General customers probably got so much money they're shopping at Costco now.
Yes, that's the policy I was talking helped contribute to inflation in 21 and 22. His tariffs and trade wars are horrid policies and he's doubled down on them for a 2024 campaign. I've yet to see any defenders of him really pitch these to me. Prices will spike even further under a second term of his. The Biden admin also took huge steps to fix the supply chain and it worked. That's not even getting into that he's repeatedly implied that he wants to get rid of the independence of the Fed. If we have the fed making moves purely for political purposes that will long term be awful for the economy. They'll run it way too hot under Trump which will spike inflation even further, and when that gets Republicans voted out Democrats will have to clean up the mess by swinging far the other direction and spiking interest rates really high, which will kill job growth. It's a huge lose lose situation. Populists are very very rarely good for the long term economy, although they are good at appealing to people with incredibly reductive "if x happens while this person is office, it's their fault" world views. Even Kamala has introduced some populist economic policies I don't love, but none are the scale of what Trump has proposed.
Damn you're right, I should have consulted the Dollar General price index to determine strength of global economies. Nevermind the unemployment rate, nevermind that the S&P 500 is up today, nevermind that consumer spending has risen higher than inflation every year the last few years (also was dropping every year under Trump), no we must know that the economy is in absolute shambles because Dollar General had a bad day on the stock market
First national polls are indicating a healthy Harris bounce (Update: A+ Suffolk poll, Harris +5) A few polls have dropped covering dates after the DNC, and I think it’s safe to say that we’re catching a bounce. We still don’t have the A+ pollsters, like Siena College, Monmouth University, or Marist College. You know they polled after the DNC, so I’m curious why they are waiting to drop their findings. But there is a smattering of reputable, non-partisan pollsters to get us started, and three of them have Harris up between 5-7 points. Big Village Aug. 23-28 • 1,511 LV Harris 50%, Trump 43% (Harris +7) Florida Atlantic University PolCom Lab/Mainstreet Research Aug. 23-25 • 856 LV Harris 49%, Trump 45% (Harris +5) Kaplan Strategies Aug. 24 • 1,190 LV Harris 52%, Trump 45% (Harris +7) To be fair, other polls have less of a bounce, ranging between 2-4 points above Trump.
I saw a repot yesterday that sausage sales I saw an article yesterday that sausage sales in the US are through the roof. The article went on to say that Americans that are struggling to make ends meet use sausage as the most economical way to get valuable protein. the article stated that this is an economic indicator that folks are struggling to make ends meet Take it for what it is, just thought it was interesting. Don't know how factual but I never thought about a thing like this.
yet another vivid eg of the ill effect of the global supply chain bottlenecks. thrift stores such as Dollar General / 99cents rely on the global supply chain for delivery of surplus inventory items thru out the world, they have run out of things to sell; 99cents went bankrupt and now this
Yeah and that's reality, people tend to directly blame what's in front of them, and it's on Kamala to pitch why she's better for future prices than Trump. But it does drive me crazy I saw a tweet a bit back that was a person at a family gathering. They said one family member talked about finally getting to go on a European vacation, one family member talked about getting a big promotion at work, one family member talked about how their company is doing well. Shortly later, politics got brought up and each of those family members said the economy is really bad. That's obviously anecdotal, but that's the sort of thing I see and data backs it up. If you look at consumer spending In 2022, it was a 9.16% increase over 2021. Inflation was at 8%. In 2021, it was a 12.93% increase over 2020. Inflation was at 4.7% Source- https://www.macrotrends.net/global-metrics/countries/USA/united-states/consumer-spending#:~:text=U.S. consumer spending for 2022,a 3.47% increase from 2018. Spending is rising higher than inflation, it's pretty easy to extrapolate from that people can still afford things even more than before the inflation. But people attribute wage growth and disposable income growth to themselves, while they attribute price increases to the government, and so they have a negative view of the economy despite that by all statistics it's doing just fine. And this is before even getting into the easy left wing talking point of looking at the profit growth of all these companies that have raised prices Quick edit- let's add 2023 numbers, it was a 5.9% increase with inflation at 4%. This Forbes aritcle says the inflation adjusted increase was 3.2%, not entirely sure the math there but sure, either way the trend continued last year as well with consumer spending growth outpacing inflation- https://www.forbes.com/sites/billconerly/2024/03/01/consumers-will-continue-spending-in-2024/
The true crux of this conversation within the state of the economy is how much sausage is Dollar General selling?
Here is an example of the FAILURE of Trump's tariffs. We put a Tariff on Soybeans, so China decided NOT to pay it, and left billions of dollars in soybeans rotting in storage as they were our number 1 buyer. So, now the farmers who usually make their money on soybeans - couldn't sell their product, and Trump had to go BORROW MONEY FROM CHINA 13.5bn to bail out the farmers. So, instead of China paying the farmers in a fair transaction, we added to our debt and the soybeans spoiled. TARIFFS don't work. DD
Yea, ya ****ed up with the Ukraine thing, sending 100B over there, you don't think an average American doesn't think that money could be well spent here, when he's worried about paying his bills or feeding his family. All the reasoning you can name are just an excuses to him. Are ya in touch with average Americans at all? I mean I'm doing fine, probably would say that I'm on the higher side of the middle class, but I can see whats going on with the people around me.
I have never been to a Dollar General, but I suspect none. Just thought the sausage economic indicator is interesting. Are Increased Sausage Sales a Sign of Economic Collapse? (johnlocke.org)
Americans support helping preserve the democracy of Ukraine against the aggression of the Russians. https://www.brookings.edu/articles/...ay-the-course-in-ukraine-as-long-as-it-takes/
I’m just making a joke my friend. But yeah I’m sure they don’t sale anything but processed food from what I know. I have never been to one either.
I was in an Aldi in Ireland last month though. So that's something. Did not buy any proteins though. Needed cleaning supplies for our house.
