Good thread on why saying the economy is "Good", is really meaningless

[Hood Critic]

I'm going to break the Nap rule because there are only about 7 or 8 tweets in this thread instead of using an unroll bot. But I felt like this was one of the most clear and concise explanations of why the economy is good for a few but no so much for everyone else:

 

[Oville]

Problem with our economic metrics is that it does a poor job of measuring cost of living. That's where the inequality really matters

 

[Pressure]

@the cac mamba says the economy is good.

 

[the cac mamba]

@the cac mamba says the economy is good.

CNN says the economy is good

and they would never lie to us :jayfdup:

 

[Black Panther]

CNN says the economy is good

and they would never lie to us :jayfdup:

I thought you hated CNN?

Besides, why keep attacking CNN like it's anyone's sacred cow? Nobody f*cking cares it's still cable news at the end of the day

 

[Berniewood Hogan]

The Bitcoin Gilded Age

 

[Wargames]

The return of Robber Barons

 

[Dusty Bake Activate]

We need to redefine what constitutes a good economy.

The economy is only good if the metrics are unemployment, the stock market and GDP growth.

In today’s world of extreme income inequality, flat wages, massive debt, declining personal wealth and growth going disproportionately to the ultra-rich maybe those aren’t the right metrics anymore when it comes to defining a good economy.

 

[FAH1223]

We need to redefine what constitutes a good economy.

The economy is only good if the metrics are unemployment, the stock market and GDP growth.

In today’s world of extreme income inequality, flat wages, massive debt, declining personal wealth and growth going disproportionately to the ultra-rich maybe those aren’t the right metrics anymore when it comes to defining a good economy.

GDP is up, $20 trillion economy.

Life expectancy has declined since 2015 in the USA.

 

[Sohh_lifted]

@the cac mamba says the economy is good.

That's the only confirmation I need.

 

[the cac mamba]

That's the only confirmation I need.

lets get one fukkin thing straight

if the economy isnt good now, then it definitely wasnt good in 2016. are we being consistent here?

 

[Jhoon]

Boy, are we starting to sound like those losers a few years prior that talked about “The real unemployment numbers.”

Back then we told them the Obama economy was strong.

 

[DEAD7]

@Mephistopheles

 

[DEAD7]

I remember the right making claims like this during Obama's second term, when the economy was referred to as "good" I wonder how they will respond now....

 

[Jhoon]

GDP is up, $20 trillion economy.

Life expectancy has declined since 2015 in the USA.

I think we can talk about many economic indicators until we are blue in the face. I think one of the things important people should talk about is the fact that Americans can be in the economic black hole because they only have $500 in their savings account.