What makes the economy good or bad for poeple?

[OzmO]

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.

[Grape Ape]

Attempt at rational discussion reported to moderators.

[Coach is Back!]

Attempt at rational discussion reported to moderators.

lol

[Thin Lizzy]

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.

[SOMEPARTS]

Prices not increasing(just the dollar being diluted) double digits would help.

[GymnJuice]

Low inflation
Low unemployment

[Primemuscle]

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.

[Dos Equis]

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. 

[Grape Ape]

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.

[deadz]

Perception and their wallet.

[Dos Equis]

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. 

[Grape Ape]

Or golf lessons for someone is finally about to bite the bullet and learn how to play.

There you go man.  Enjoy.

[OzmO]

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.   

[Grape Ape]

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 $.

[OzmO]

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?   

[Sissysquats]

 Interest rates and cost of living

[Humble Narcissist]

Interest rates and cost of living

Winner winner chicken dinner.