The cool thing about inflation "plummeting" is that it doesn't undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.
this post was submitted on 26 Dec 2023
154 points (100.0% liked)
the_dunk_tank
15914 readers
12 users here now
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No ableism of any kind (that includes stuff like libt*rd)
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml
Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again
founded 4 years ago
MODERATORS
It also means that prices are still going up, just not as fast
Something so many people miss lmao
"Inflation is down" Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse
load more comments
(3 replies)
yeah but wages went up by 5% - person trying to argue what a great job Biden has done.
They didn't seem to get why people are still doing poorly in the economy
load more comments
(1 replies)
Just do more derivatives until numbers start looking good.
The jerk, snap, crackle, and pop of inflation are lookin' really good!
"Inflation plummeted from going up very very very fast to just going up very fast"
That's not how plummeting works. Inflation hasn't gone down, prices are in fact still going up. They are in fact higher now than they were before.
"Oh but you need inflation" yeah if you're a fucking idiot classical economist that thinks people receiving a fair wage is the worst possible thing to happen.
Being forced to learn partial differential equations and command economics to fuck with Libertarians "but muh calculation problem" is a curse because it illustrates just how badly the lanyard class fails to understand their own economic arguments for maintaining power.
load more comments
(2 replies)
People talk about “Econ 101”, but even in my actual Macro 101 course, taught by a libertarian professor, we had good discussions about how broad metrics like “GDP growth”, “inflation”, or “unemployment” in themselves can be distorted or meaningless without drilling down and really understanding the numbers. The example the prof used was talking about a low unemployment rate but if a lot of people have just given up looking for work then just looking at that one rate will tell you very little about what’s really going on.
I just think it’s that libs know the economy sucks and are scared shitless because a bad economy means Trump wins.
I just think it’s that libs know the economy sucks
Many will admit it, but they believe it is either unavoidable or delayed effects from Trump (may be partially true)
As well, the natural cycle of capitalist crisis leads people to think that a downturn is in fact a good thing because it means the recovery is already coming. It shields systemic flaws and corruption from any attention because obvious wrongs are construed as natural.
A 5% unemployment rate is "optimal" iirc and record low unemployment is actually a bad economic indicator according to the federal reserve.
The 5% unemployment goal is to ensure there's a reserve army of labor to depress wages. You're absolutely right that libs are ignoring the cognitive dissonance of ignoring that part of their ideology.
load more comments
(1 replies)
load more comments
(7 replies)
God, I always forget how much he sucks when he's not doing Kelly
Kill your heroes.
Within you there are two cartoonists...
Holy shit this is the same guy?
I've heard he's a lib, but was not really expecting whatever the fuck this is supposed to be
load more comments
(1 replies)
Rare Stan Kelly L
Is Ward Sutton his Ivy League alter ego or something?
let it snore
I choose to believe that Ward Sutton's cartoons under his own name are a bit he's doing. I'd rather believe he's mocking typical liberal editorial cartoons than face reality. I refuse to believe that the guy behind Kelly is some Biden defending, Ukraine flag liberal dork who deserve a wedgie. I instead choose to believe Ward Sutton is another character, the inverse of Kelly. His dark shadow if you will
Like I've already been through enough in my life by seeing what happened to William Gibson and Jello Biafra. How those two are liberals will always perplex me. I refuse to lose Kelly too. In the deep recesses of my heart lives a sicko from today until eternity 
load more comments
(4 replies)
This, except all gifts are labelled "genocide"
None of that shit matters.
Rent is up, food costs more, pay isn’t going up.
Most people are worse off than end of 2022.
Dems should be constantly attacking republicans for making things worse.
Exactly this. I'm sick of people saying "The Economy™" is doing so damn well. Never has it been clearer that there are many economies, 2 of which are the economy of the investor and the economy of the working class*. The absolute tone deafness of statements about "perception mismatch" only serves to illustrate the brutality of class conflict. It's not a misperception of reality, we're living in 2 different realities.
*Also the economy of the impoverished and the black market among others.
load more comments
(2 replies)
Inflation plummeted from 'apocalyptic levels' to merely 'terrible', why won't you vote for Genocide Joe?
Bit idea: convince liberals that bourgeois media is lying about Biden's economy as a capital strike to sabotage the most pro-labor president in history, and that's why we need to nationalize the media companies.
Recession averted? Isn't the US in a recession right now?
Much like Warhammer 40K Orks, the economy is only broken if you believe it's broken. As long as you keep saying "this is the best the economy has ever been", everything will keep working just fine.
We painted the economy red so it goes faster.
load more comments
(1 replies)
Recession “averted” by kicking the can without any fundamental change in the time they bought
They spent TRILLIONS kicking that can down the road and the road is coming to a dead end soon.
load more comments
(1 replies)
load more comments
(1 replies)
Naughty Kelly! 
We must edit this. Make it right.
What would you put on the speech bubbles and gifts?
Biden: “i didn’t bring any piss this year” Rest of the speech bubbles: remain unchanged
Still trying to understand how inflation can be 9% June 2022-June 2023 but 3% dec-dec.
load more comments
(5 replies)
It looks like a Kelly strip
It is
Just him being sincere
This trash can still be mined for emojis
:biden-empty-sack: would be a good one
yeah i keep looking for the 
in the window
load more comments
(1 replies)
Where's the genocide box?
The thing any sort of discussion of econometrics and their relationship to politics never even considers are people's expectations. Like maybe Brandon and the dems should consider the fact he was promising everyone significant change. Like maybe if you promise people you are going to change things and then don't people might be mad about that regardless of the data. I was promised student loan relief, I don't give a shit that inflation came down, I didn't get my money you fucker.
load more comments
(3 replies)
"Line goes up, I don't understand, am I out of touch?"
"No, it can't be. It's the poors who are wrong."
view more: next ›