From Newsgroup: alt.politics.usa
https://www.foxbusiness.com/economy/middle-income-americans-pessimistic-about-financial-future-amid-persistent-inflation-analysis-shows
Middle-income Americans pessimistic about their financial future
amid persistent inflation, analysis shows
Just 21% believe they'll be better off financially next year
as costs outpace wage growth
. . .
I can see why.
Trump DID manage to REDUCE inflation ... but
not stop/reverse it except with FEW items.
His tariff schemes are SUPPOSED to pay off, but
have NOT done so worth shit to date. MIGHT still
pay off ... but WHEN, HOW, How-MUCH ???
Don't even bother to buy a new car these days,
prices have skyrocketed.
Rent/mortgages ? Oh WOW ... worser and worser !
Utility bills ... up, up, up.
Health Care ... up, up, UP.
If you're not getting bled one way you're getting
bled another way.
Normally we don't like deflation ... very bad
for biz ... but at THIS point .......
CAN prices be brought down while wages and
effective wages gain ? MAYbe ... but not
everybody is going to be happy. Economies
are HUGE equations ... take from here, lose
somewhere else.
Don't be TOO eager to blame Trump for all this
mess, it's been taking shape for a LONG time,
several administrations minimum. Started with
offshoring/outsourcing (blame Nixon), then
crude/destructive fixes (blame Carter) and got
worse and worse and worse. I'm plenty old
enough to have SEEN all this in progress -
and it's not been inspiring.
If this keeps up much longer we're going to be
one of those two-class countries ... Patrons
and PEASANTS. Actually with 'AI' we won't even
be able to use/feed the peasants .... just
keep cutting back the Soylent Green ration ....
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