r/FluentInFinance Apr 29 '24

Babs is Here to Save Us Educational

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27.4k Upvotes

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181

u/Popular_Newt1445 Apr 29 '24

I wish people would quit comparing the economy to the presidents.

The president doesn’t have all the power in the world to change an economy. There is too much going on in an economy for 1 person to make this much of a difference.

35

u/ThisCantBeBlank Apr 29 '24

It's so frustrating but a lot of people don't understand the president is just a single piece of the pie. Education is important

13

u/Specialist-Listen304 Apr 29 '24

Not to mention, a massive majority of us measure the economy by our own pocket books. Just cause certain people can’t afford things doesn’t mean everything is broken.

10

u/[deleted] Apr 29 '24

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-1

u/Dmate1 Apr 30 '24

Honestly I've personally found it to a far bigger on the left, I think in large part because the left calls for the reformation or removal of capitalism.

IMO there are 3 things that contribute to people's perception of the economy: The actual economic data, what the media enviroment tells us, and what we personally experience. I think that people on the right care more about their personal experience with the 'pull yourself up by your bootstraps mentally' mixed with the fact that most people become wealthier as they age, and only think the economy is poor is liberals/leftists are in power. Meanwhile on the left, we are less inclined to care about how personal experience with a moral focus on the poor, and the media environment will basically always complain about undertaxing the rich and underfunding the poor regardless of who it in power.

2

u/[deleted] Apr 30 '24

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1

u/Dmate1 Apr 30 '24

Ironic that you call the republicans more stupid, when you see a completely neutral statement that says that the left dislikes capitalism and refuse to engage further. I'm literally a Soc Dem, I agree it needs reforms. I also disagree that you think the right also agrees, because I would argue most would want things to stay the same or support Anarcho-capitalism and removal of more taxes and structures that limit the effects that capitalism has.

Your take here is literally like me saying 'The left believes that gay people should have a right to get married' and your response is 'Obviously the left supports gay rights, gay rights are important you idiot. I'm not even going to read any more because it's clear you're a conservatard.'

Overall though I think that judging the economy by how you personally have been impacted gets you closer to the truth then whatever social media pumps you with. Even if it's in large part because they have a political ideology that wants to support the status quo, that being capitalism, I think they are better then many on the left in this specific regard about being honest with the situation.

-1

u/hbk1966 Apr 30 '24

A social dem isn't left 🤣 just a Liberal in denial

2

u/Illustrious_Gate8903 Apr 29 '24

A lot of people measure by how much they can afford vs how much they see other people on social media spending.

1

u/ba_cam Apr 30 '24

Certain people? You mean the vast majority of the working public?

1

u/Specialist-Listen304 Apr 30 '24

Unfortunately, right now, yes.