The Daily: The Economy Is Good. So Why Do We Feel Terrible About It?

[TomCADem]

This sort of reminds me of how even as Obama/Biden successfully helped guide the world economy back from the brink following the 2008 financial meltdown in the face of Republican opposition, right wing media was attacking the President while Republicans advocated defaulting on the National Debt.

Then, with Trump, even as deficit ballooned and the economy went into free fall during the pandemic, you had Fox gushing about the Trump's handling of the pandemic and the economy.

Now, we have the economy once again heating up, with unemployment down, jobs increasing, and people actually leaving their jobs to find better jobs, demand increasing to the extent that pressure is being put on supply, yet you have right wing media once again saying there will be a recession when inflation and supply shortages actually speak to an economy that is getting better and better.

https://www.nytimes.com/2021/11/18/podcasts/the-daily/american-economy-unemployment-inflation.html?rref=vanity

[Thomas Hurt]

1. Hell, the christofascists believe the entire economy crashed the moment Biden stepped foot in the WH

We now live under a totalitarian state...somehow. Throw in media sensationalism and doom to stir things up and you get this.

[ShazamIam]

2. because orgs like NYTimes, ABC,CBS,NBC,CNN,FOX,PBS,MSNBC, tell us every day, everything is bad but

Republicans who of course are saving lives and the economy. /s

[TomCADem]

3. The Daily Is Published by the NY Times

nt

[rownesheck]

4. I keep hearing

about rising gas prices. I haven't noticed any major increases in my area. Of course, I live in Texas where they always seem to be lower than most places. But still, prices haven't really gone up that much. We're still under $3 a gallon for regular.

[TomCADem]

5. Electric SUVs debut at LA Auto Show: Nissan, Hyundai, Fisker show off EVs

While I am sure the oil industry would love to ride a waive of rising gas prices, and perhaps even restrict supply, with all of the EV incentives in the new infrastructure bill, they could just end up encouraging even more folks to go electric. I got an EV five years ago, and just installed solar this year, and I can't say I am ever going back to buying a gasoline powered car. It took me a while to make the complete jump, but I don't regret it.

https://www.usatoday.com/story/money/cars/2021/11/17/la-auto-show-2021-nissan-hyundai-fisker/8587531002/

They started off as specialty vehicles, sports cars and luxury models. But electric vehicles are now coming to the automotive segment nearest you: family-oriented SUVs.

That much is obvious at the 2021 Los Angeles Auto Show, which began Wednesday with media conferences and continues Friday-Nov. 28 with public days.

Nissan, Hyundai, Subaru and multiple startups are among the automakers poised to feature or reveal electric SUVs during the show, signaling the budding technology’s bid to take on the most popular body style in the marketplace.

“In order to get American consumers to transition to electric vehicles, you have to make vehicles that fit their lifestyle,” said Stephanie Brinley, principal automotive analyst at research firm IHS Markit. “And that means utility vehicles.”

[Metaphorical]

6. Relative to a year ago, gas prices are highly inflated

Compared to the historical average, gas prices are not that much above normal. The inflation you're seeing is almost completely supply-chain, rather than energy price, driven, and is already beginning to wane as a new equilibrium is reached.