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Getbig Main Boards => Politics and Political Issues Board => Topic started by: OzmO on January 24, 2024, 08:38:53 AM

Title: What makes the economy good or bad for poeple?
Post by: OzmO on January 24, 2024, 08:38:53 AM
We see this debate over and over.   This president created a good economy, this president didn't...BLAH BLAH BLAH.

For me its this:

Cost of living
Job/wage opportunities

These things affect me most.




Title: Re: What makes the economy good or bad for poeple?
Post by: Grape Ape on January 24, 2024, 11:47:38 AM
Attempt at rational discussion reported to moderators.
Title: Re: What makes the economy good or bad for poeple?
Post by: Coach is Back! on January 24, 2024, 11:48:52 AM
Attempt at rational discussion reported to moderators.

lol
Title: Re: What makes the economy good or bad for poeple?
Post by: Thin Lizzy on January 24, 2024, 12:11:13 PM
We see this debate over and over.   This president created a good economy, this president didn't...BLAH BLAH BLAH.

For me its this:

Cost of living
Job/wage opportunities

These things affect me most.

You essentially ended your thread.

From a non-economic perspective, quality of life is the big one.
Title: Re: What makes the economy good or bad for poeple?
Post by: SOMEPARTS on January 24, 2024, 12:23:02 PM
Prices not increasing(just the dollar being diluted) double digits would help.
Title: Re: What makes the economy good or bad for poeple?
Post by: GymnJuice on January 24, 2024, 12:30:53 PM
Low inflation
Low unemployment
Title: Re: What makes the economy good or bad for poeple?
Post by: Primemuscle on January 24, 2024, 01:34:15 PM
If you were around for almost 80 years like me, you experienced strong U.S. economies and weak ones. Economies ebb and flow. The economy is good for people when they can easily cover their expenses, increase their savings, and enjoy some of the fun things in life like recreation and travel. Today's economy works for me for many reasons most of which have nothing to do with which U.S President is in office. Also, it helps that I am an optimist.
Title: Re: What makes the economy good or bad for poeple?
Post by: Dos Equis on January 24, 2024, 01:36:49 PM
We see this debate over and over.   This president created a good economy, this president didn't...BLAH BLAH BLAH.

For me its this:

Cost of living
Job/wage opportunities

These things affect me most.

Sounds about right.  The ability to earn a living without inflation eating up all of your discretionary income.  The ability to buy a home.  To drive a decent car.  To raise a family without public assistance.  To have enough resources to engage in fun stuff. 
Title: Re: What makes the economy good or bad for poeple?
Post by: Grape Ape on January 24, 2024, 02:08:47 PM
Sounds about right.  The ability to earn a living without inflation eating up all of your discretionary income.  The ability to buy a home.  To drive a decent car.  To raise a family without public assistance.  To have enough resources to engage in fun stuff.

Having disposable income at most levels, not just the rich.

It creates so many more opportunities for other folks when folks can pay additional things like pitching/hitting lessons, personal trainers, etc.....stuff like that.
Title: Re: What makes the economy good or bad for poeple?
Post by: deadz on January 24, 2024, 02:22:33 PM
Perception and their wallet.
Title: Re: What makes the economy good or bad for poeple?
Post by: Dos Equis on January 24, 2024, 02:35:06 PM
Having disposable income at most levels, not just the rich.

It creates so many more opportunities for other folks when folks can pay additional things like pitching/hitting lessons, personal trainers, etc.....stuff like that.

Or golf lessons for someone is finally about to bite the bullet and learn how to play. 
Title: Re: What makes the economy good or bad for poeple?
Post by: Grape Ape on January 25, 2024, 07:53:04 AM
Or golf lessons for someone is finally about to bite the bullet and learn how to play.

There you go man.  Enjoy.
Title: Re: What makes the economy good or bad for poeple?
Post by: OzmO on January 26, 2024, 06:56:24 AM
You essentially ended your thread.

From a non-economic perspective, quality of life is the big one.

Kind of my assertion was, is how much a president affects the economy which in turn affects a normal person's life compared to that person's own efforts.  Because we often talk about how good a president was with the economy, and I have seen high gas prices, inflation, housing crashes, etc, with all presidents.   Then we get into arguments about cherry-picked stats and blaming the previous administration.   
Title: Re: What makes the economy good or bad for poeple?
Post by: Grape Ape on January 26, 2024, 07:48:22 AM
Kind of my assertion was, is how much a president affects the economy which in turn affects a normal person's life compared to that person's own efforts.  Because we often talk about how good a president was with the economy, and I have seen high gas prices, inflation, housing crashes, etc, with all presidents.   Then we get into arguments about cherry-picked stats and blaming the previous administration.

I have always viewed the economy as cyclical, and Presidents received accolades or criticisms mostly just where the cycle was when the got elected.  Meaning, I didn't give too much credit either way.

While I am no big fan of DJT, I do believe that he gave Wall St confidence (whether real or not), and perception translated into reality.  Conversely, I for sure feel Biden has contributed to inflation, due to the influx of cheap $.
Title: Re: What makes the economy good or bad for poeple?
Post by: OzmO on January 26, 2024, 08:48:19 AM
I have always viewed the economy as cyclical, and Presidents received accolades or criticisms mostly just where the cycle was when the got elected.  Meaning, I didn't give too much credit either way.

While I am no big fan of DJT, I do believe that he gave Wall St confidence (whether real or not), and perception translated into reality.  Conversely, I for sure feel Biden has contributed to inflation, due to the influx of cheap $.

My thinking is likely completely naive and ignorant.  I was not paying much attention in economics class in HS in the 80's. But when we print a bunch of money or send those checks out for COVID, doesn't that always lead to inflation?  We were so worried about businesses failing and seemed like only the small ones suffered and the big ones got richer?   
Title: Re: What makes the economy good or bad for poeple?
Post by: Sissysquats on February 01, 2024, 11:48:14 AM
 Interest rates and cost of living
Title: Re: What makes the economy good or bad for poeple?
Post by: Humble Narcissist on February 04, 2024, 01:02:17 AM
Interest rates and cost of living
Winner winner chicken dinner.