this post was submitted on 08 Jul 2024
215 points (91.5% liked)

News

23301 readers
3422 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

...

Ms Ellis works full-time as a nurse’s assistant and has a second part-time job.

But she needs to economise. She has switched stores, cut out brand-name items like Dove soap and Stroehmann bread, and all but said goodbye to her favourite Chick-fil-A sandwich.

Still, Ms Ellis has sometimes turned to risky payday loans (short-term borrowing with high interest rates) as she grapples with grocery prices that have surged 25% since Mr Biden entered office in January 2021.

"Prior to inflation," she says, "I didn't have any debt, I didn't have any credit cards, never applied for like a payday loan or any of those things. But since inflation, I needed to do all those things....I’ve had to downgrade my life completely."

The leap in grocery prices has outpaced the historic 20% rise in living costs that followed the pandemic, squeezing households around the country and fuelling widespread economic and political discontent.

you are viewing a single comment's thread
view the rest of the comments
[–] riskable@programming.dev 78 points 4 months ago (6 children)

Unless the president does something monumentally stupid (like telling people not to wear masks during a pandemic) the president has little impact on the economy (or oil prices). Why do people keep talking about the president like he's got a great big series of valves that controls the economy? It's ridiculous!

Any decision the president makes that will impact the economy is most likely to have an impact ten years later. Sometimes an impact can be felt sooner than that but it's usually not a good thing for the economy... Like starting a war or closing the borders.

[–] RagingRobot@lemmy.world 32 points 4 months ago (2 children)

Yeah they also say it started when he took office but it definitely started during the pandemic when someone else was president. I don't understand why it's always framed like that. This inflation is a direct result of the pandemic response. But somehow they think the guy who caused it could fix it? Insane

[–] Frozengyro@lemmy.world 27 points 4 months ago

You should know why it's framed that way. This is a political piece, designed to make Biden look bad.

[–] 7U5K3N@lemmy.dbzer0.com 12 points 4 months ago* (last edited 4 months ago) (1 children)

https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/

TLDR 3.5 trillion new dollars into the economy because of COVID

That's why we have super high inflation..

But if you listen to my dad talk it's

Biden no talk good and bad at president.

[–] hark@lemmy.world 8 points 4 months ago

This would make sense if all those printed dollars went to regular people who then spent it on groceries, thus driving up demand, but that's not the case. The distribution of money matters as much as the amount that exists. Biden isn't the cause regardless, but I don't buy the excuse that money printing alone caused this.

[–] HubertManne@moist.catsweat.com 6 points 4 months ago

not really. pushing the fed to drop interest rates for no reason so that when an emergency like a pandemic happens they are at zero and can't be dropped a bit can have an impact.

[–] RememberTheApollo_@lemmy.world 4 points 4 months ago

Because it’s easy to blame the president who simultaneously is ineffective in controlling the difficulties in your daily life while also being the cause of those same difficulties.

[–] HurlingDurling@lemmy.world 2 points 4 months ago

Didn't you hear? The supreme court said the president is basically a king now /jk

No but real talk, you are right. People put way more importance on a presidential election than what it's in reality. I mean, its super important, but he doesn't drive the country like a fucking bus, it's more like hes the admiral and the country is a fleet of ships that all need to be coordinating with one another.

If people want really change, then they need to put as much importance to local elections of all levels as they do for the presidential election... hell, maybe put slightly more importance to the local elections.

[–] werefreeatlast@lemmy.world -3 points 4 months ago

Also, as a simple demonstration.....I vote for Biden!

There, that's exactly the same thing as voting for Biden in the coming election. I'm not saying don't, because god forbid Trump fucks this country over once more. No, what I'm saying is:

#1 let's vote via phone constantly... Oh the public hasn't agreed with anything you did for 3 weeks? GTFO, you gave it a good try!

#2 currently we don't actually vote for the president or in any direct way actually do for him. The electoral college does, we don't. The electors are not mind controlled by anyone, they literally could give us the finger and vote Trump into office.

#3 if we voted electronically via our phones, we would still not influence the election of the president in a direct way, so why the hesitation to make elections faster and less expensive?...is it because then we would really know how we all feel?