Donald Trump and the Republicans are insisting the economy is great and unhappy Americans are deluded. Just like Democrats under Joe Biden, they’re lying to themselves and everyone else — and will eventually pay the price.
The problem with debt is you need some material thing to offset it. If you take out a loan for a car your debt is offset by the car. There’s no good measure of the value of the economy to the avg person.
The GDP is just a measure of “work done” its not a measure of the actual “car” etc we’re paying for. The problem is the government and corporate america are slowly firing all the people that create real, valuable products and replacing it with slop, police state bullshit and outright fraud.
So instead of getting houses, groceries and gas etc for this debt we’re getting “financial products”, “ai”, price fixing, corporate collusion, private prisons and other things that kind of inflate corporate value while average people see no real world returns on the spending
The problem with debt is you need some material thing to offset it. If you take out a loan for a car your debt is offset by the car. There’s no good measure of the value of the economy to the avg person.
The GDP is just a measure of “work done” its not a measure of the actual “car” etc we’re paying for. The problem is the government and corporate america are slowly firing all the people that create real, valuable products and replacing it with slop, police state bullshit and outright fraud.
So instead of getting houses, groceries and gas etc for this debt we’re getting “financial products”, “ai”, price fixing, corporate collusion, private prisons and other things that kind of inflate corporate value while average people see no real world returns on the spending