this post was submitted on 07 Nov 2024
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The thing is they're not. Yes, inflation is down, but that doesn't mean that prices are going down. It means that the rate increase goes down. So if you were living paycheck to paycheck in 2019, you are doing objectively worse in 2024.
This isn't new either. Over the last 30 years, the middle class has collapsed, the cost of living has gone up, the bottom of the manufacturing industry has fallen out, and wages have remained stagnant. Sometimes when Democrats have power, things get marginally better, but it's more accurate to say that things get worse more slowly. Donald Trump promises radical change, and the Democrats don't. They can no longer survive on this impotent half-measures like subsidies for small business loans. They need something radical, like a New Deal, if they ever want to win again.
I understand simmering frustration, but yes: we had gradual change happening, but fell for the emotional outrage, the promise of radical change. And this is despite all evidence of how much is false or inconsistent, how much will be completely ignored, and above all else how much will make things worse for most of us. Potentially much worse
Yeah, to be absolutely clear, Trump's change is a lie and he will be objectively worse for everyone on everything (unless you are very, very wealthy). I also think things would start to improve for the working class gradually if the voters had given Harris another four years. But the losses to the working class have been huge, and the recovery is always anemic, so things are usually a net loss for people.
Look at the Obama administration; he decided to bail out banks instead of homeowners after the 2008 subprime mortgage crisis. People argue over whether or not that was the right move (and for the record, I think that was a really fucking bad move), but pretty much everyone agrees that the recovery that he created was pretty slow. The economy did recover though, and by the end of his term, it was actually very strong. Now, if you were someone who weathered the crisis alright, great, you're 401K got better! But if you lost your home in the mortgage crisis, got laid off, lost your life savings...that slow recovery killed you, and when Democrats start telling you that the economy is good, you're gonna wonder what the fuck they're talking about.