Because, for a lot of people, the economy isn’t improving.
Say you were on the verge of buying a house, interest rates have doubled, are at a 22 year high, and now you’re priced out of the market.
Or, say you’re like me and bought a house in 2021 with a 3.25% interest rate. You’re locked in. You can’t sell your house, a) because nobody could afford the 7% it’s going to take to buy it and b) you likely can’t afford the 7% it will likely take to buy a new house.
Refinancing isn’t an option because who wants a higher rate. Ditto for a 2nd mortgage.
And this doesn’t even get into rising food and fuel costs.
That isn’t a reflection of the strength of the economy. That’s just capitalism. Republicans are even further from being able to fix that. They somehow think getting rid of taxes and benefits will somehow fix that. Sure you can get some deflation if you increase the amount of debt of the populace, but that’s not an actual fix.
Our economy’s health is not directly related to the average person’s buying power. One can argue that it’s actually inversely proportional.
Or just fix the problem and stop letting capitalism run rampant without regulations and start taxing the corporations and wealthy individuals who’s own profits are responsible for a majority of inflation.
Because, for a lot of people, the economy isn’t improving.
Say you were on the verge of buying a house, interest rates have doubled, are at a 22 year high, and now you’re priced out of the market.
Or, say you’re like me and bought a house in 2021 with a 3.25% interest rate. You’re locked in. You can’t sell your house, a) because nobody could afford the 7% it’s going to take to buy it and b) you likely can’t afford the 7% it will likely take to buy a new house.
Refinancing isn’t an option because who wants a higher rate. Ditto for a 2nd mortgage.
And this doesn’t even get into rising food and fuel costs.
That isn’t a reflection of the strength of the economy. That’s just capitalism. Republicans are even further from being able to fix that. They somehow think getting rid of taxes and benefits will somehow fix that. Sure you can get some deflation if you increase the amount of debt of the populace, but that’s not an actual fix.
Our economy’s health is not directly related to the average person’s buying power. One can argue that it’s actually inversely proportional.
If that’s the case then a weak economy is what we should be aiming for
Or just fix the problem and stop letting capitalism run rampant without regulations and start taxing the corporations and wealthy individuals who’s own profits are responsible for a majority of inflation.