Quote (fender @ Feb 5 2020 02:24pm)
it's funny how 'exponentially more people' have access to it, yet it's almost exclusively the already well-off that actually benefit from it. the narrative might change when the reality of it changes, not based on a largely hypothetical assumption. "this artificial sugar high on the stock markets does NOT improve the lives of average americans" is a valid claim.
wage stagnation, record income inequality, record deficit, the erosion of worker rights and consumer protections, debt crisis... i would argue those aspects are significantly more impactful for normal people than any records on the stock market, but for some mysterious reason not a single cultist even mentions them...
and just to be clear, i'm not saying ALL of that is trump's fault (even though in terms of deregulating predatory industries, and rolling back protections for consumers and workers for example he certainly played a very impactful role), what i'm saying is that the whole 'the economy is booming, everyone is better off thanks to emperor trump' is largely a propaganda narrative, built on short term measures and window dressing.
you keep saying only well off people are benefiting from it. i dont even begin understand what that means. how exactly are the record number of people with retirement accounts at a time when stocks are at an all time high not benefiting from their retirement accounts increasing?
"cultists" dont mention them because they understand that if people try to "fix" them the corporations will automate out an entire class of people in the USA. "worker rights" = "layoffs on a massive scale and chinese jobs".
the long and short of it is Obama was potus over a massive recession with massive unemployment, largely not his fault. Trump is now a potus directly after with a big upswing in jobs, largely not to his credit in policy. that means the same people who were unemployed 10 years ago, lost houses, couldnt buy food, couldnt buy their kids xmas presents, etc. they have jobs now. "these jobs arent good enough" is suburban white privilege mixed with ignorance about automation. my mom worked at mcdonalds, subway, etc to put food on the table, still couldnt swing xmas gifts. i grew up as poor as anyone in this sub im sure, and now im in the automation industry. calls for worker protections in a rapidly automating economy are going to cause the worst recession and unemployment numbers in the modern era, with no recovery. Trump's economy is far from perfect, but the jobs now will save people from starving later.