this post was submitted on 07 Nov 2024
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Leopards Ate My Face
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This is the problem. Americans are not living "affluent" lives. They may have iphones and Netflix, but they are struggling to make rent and buy groceries. Their credit cards are getting maxed out. And their wages are staying flat, certainly relative to the sharp increase in the price of everything.
Americans are hurting economically right now. I wouldn't compare the situation to Russia, but seeing your bank account disappear, your debt grow, and no solution in sight is a recipe for desperation.
It was the economy, stupid.
But the "economy" on paper is indeed fine, there is just itty detail that it doesn't trickle down to most voters, who will then seek shelter from these madmen with the other idiot they find selling an even worse alternative...
It's so inflexible that the american system only enables two parties.
The stock market is fine. It's just often confused for the economy.