US Economy, part 2

[Pakuni]

Feel free to accept everything in the article as unvarnished fact. Or feel free to read comments that point out some of the article's inaccuracies. I read both the article and many of the comments. Found both interesting, but whatever floats your boat or fits your preferred notions.

A data-driven article written by a Pultizer-winning author and published by a major newspaper, and anonymous Yahoo! comments probably don't deserve equal consideration.
Unless, of course, one needs the latter to validate a preferred notion

[The Sultan]

A data-driven article written by a Pultizer-winning author and published by a major newspaper, and anonymous Yahoo! comments probably don't deserve equal consideration.
Unless, of course, one needs the latter to validate a preferred notion

Bingo.

[Not all scoop users are created equal apparently]

Feel free to accept everything in the article as unvarnished fact. Or feel free to read comments that point out some of the article's inaccuracies. I read both the article and many of the comments. Found both interesting, but whatever floats your boat or fits your preferred notions.

Lmao

[Not all scoop users are created equal apparently]

I suppose it does say something though about people's perception of the economy vs data. There are a lot of conflicting forces trying to tell people what they should interpret the current state of things as. The Vibecession is a real thing.

https://en.m.wikipedia.org/wiki/Vibecession

[Skatastrophy]

I suppose it does say something though about people's perception of the economy vs data. There are a lot of conflicting forces trying to tell people what they should interpret the current state of things as. The Vibecession is a real thing.

https://en.m.wikipedia.org/wiki/Vibecession

1. People don't understand the economy, so they seek out people to tell them what's happening
2. People are bad at selecting authoritative sources of information

I mean, most people on Scoop went to Marquette, so they're smarter than the average American. That's scary.

[The Sultan]

I think the biggest issue is that people treat inflation as something that happens *to* you, but any increase in wages is something that you *earned.*

[MU82]

Can't remember whose post it was a week or two ago, but the perceptions of what's going on in the economy vs. what's actually going on in the economy were diametric opposites.

People thought unemployment was at an all-time high vs near an all-time low, that the stock market was down this year vs way up, etc.

It's easy to laugh and say, "silly knuckleheads" ... but those people vote, too.

[rocket surgeon]

I guess if you believe that anecdotes and feelings are more important than actual data.

no, it gives one(maybe not you sally) a pulse of what others(either side of the aisle) are thinking or feeling about the issue at hand.  it doesn't mean that is correct or incorrect...i guess

[jficke13]

Can't remember whose post it was a week or two ago, but the perceptions of what's going on in the economy vs. what's actually going on in the economy were diametric opposites.

People thought unemployment was at an all-time high vs near an all-time low, that the stock market was down this year vs way up, etc.

It's easy to laugh and say, "silly knuckleheads" ... but those people vote, too.

This is the case for many/most basic facts of our current reality. There is no consensus about what is true, and no way to form consensus. It's a real problem!

For example, when discussing unemployment, Person A might say "unemployment is historically low," but Person B who is marinated in a reality that believes that unemployment is high will simply say something like "they're not actually measuring the *true* unemployment rate, because people who drop out of the labor force aren't counted." This is something that is actually accounted for in official statistics, but there's no use pointing it out because Person B has reached a conclusion about what he believes reality to be based entirely on vibes.

It's a vibecession, It's all vibes. It's the kind of thing that allows people to say something like "well, sure I have a job, and my portfolio/retirement is up, but <vague non-specific negative perception X> so the *real* world is in a recession." Some variant of this mantra is cited on this message board several times a day.

[Not all scoop users are created equal apparently]

This is the case for many/most basic facts of our current reality. There is no consensus about what is true, and no way to form consensus. It's a real problem!

For example, when discussing unemployment, Person A might say "unemployment is historically low," but Person B who is marinated in a reality that believes that unemployment is high will simply say something like "they're not actually measuring the *true* unemployment rate, because people who drop out of the labor force aren't counted." This is something that is actually accounted for in official statistics, but there's no use pointing it out because Person B has reached a conclusion about what he believes reality to be based entirely on vibes.

It's a vibecession, It's all vibes. It's the kind of thing that allows people to say something like "well, sure I have a job, and my portfolio/retirement is up, but <vague non-specific negative perception X> so the *real* world is in a recession." Some variant of this mantra is cited on this message board several times a day.

Similarly, climate change isn't real until someone's own house gets wiped out with water. Many people cannot or will not quantify it mentally until it happens to them.

[Uncle Rico]

Similarly, climate change isn't real until someone's own house gets wiped out with water. Many people cannot or will not quantify it mentally until it happens to them.

Just wait until Soroism and Communism hits them

[warriorchick]

Similarly, climate change isn't real until someone's own house gets wiped out with water. Many people cannot or will not quantify it mentally until it happens to them.

Like politics, all economics is local.

If you are out of a job, the unemployment rate is 100% as far as you are concerned.

[Not all scoop users are created equal apparently]

Like politics, all economics is local.

If you are out of a job, the unemployment rate is 100% as far as you are concerned.

Absolutely. American individualism does not help the phenomenon of empathy.

[Not all scoop users are created equal apparently]

Just wait until Soroism and Communism hits them

I thought it was already here

[4everwarriors]

Just wait until Soroism and Communism hits them

Already hit with Obamism, hey?

[jficke13]

Already hit with Obamism, hey?

Sounds like onanism.

[ATL MU Warrior]

Sounds like onanism.

I was thinking embolism but yours is good too

[Not all scoop users are created equal apparently]

Already hit with Obamism, hey?

Kenyan Islam

[Uncle Rico]

Kenyan Islam

Beats watching the economy crater like it did under Bush.  What a disaster that presidency was for the country.  He let 9-11 happen, saw his armed services committed war crimes, ignored Katrina and then cratered the economy on his way out. 

But he didn't commit any felonies at least

[Pakuni]

But he didn't commit any felonies at least

That's because he's a RINO.

[4everwarriors]

Sadly, y'all ain't seen nothin' yet. Hold on to your tuchus, hey?

[Pakuni]

Sadly, y'all ain't seen nothin' yet. Hold on to your tuchus, hey?

Fear and control.

[Uncle Rico]

Fear and control.

Imagine believing what 4elder believes?  Hard to believe someone could be that colossally stupid, but here we are.  Decades of Fox News and Burnin' in Hell Rush Limbaugh do the mind great harm.

Anyway, the first cries America was turning to communism began during the Rutherford B. Hayes presidency back in the late 1870's.  I'm sure it'll happen any day now, 150 years after the great red panic began

[reinko]

Imagine believing what 4elder believes?  Hard to believe someone could be that colossally stupid, but here we are.  Decades of Fox News and Burnin' in Hell Rush Limbaugh do the mind great harm.

Anyway, the first cries America was turning to communism began during the Rutherford B. Hayes presidency back in the late 1870's.  I'm sure it'll happen any day now, 150 years after the great red panic began

Exactly, I mean any day now, the Supreme Court super majority is gonna pull off their masks Scooby-Doo style, and underneath its gonna be Obama, a trans youth with purple hair, and some dude named Boris ready to plunge the USA into a socialist nightmare.

[Uncle Rico]

Exactly, I mean any day now, the Supreme Court super majority is gonna pull off their masks Scooby-Doo style, and underneath its gonna be Obama, a trans youth with purple hair, and some dude named Boris ready to plunge the USA into a socialist nightmare.

The boogeyman, Soros, plan is all coming together.  Is that anti-Semitic?  Suppose not.  Good.