Comment by coldtea
2 months ago
If you're in your 50s you should have at least noticed that things have gotten progressively worse, if not for you (e.g. working in FAANG and getting by better than ever) for the majority in all kinds of ways in those 50 years: housing costs, healthcare, jobs, public debt, private debt, it's a huge list.
So, yeah, those "shit is really bad, sky is failing, bubbles are bursting" shit has been consistently right all those years, and it will get worse.
Of course some people only grok that things are bad when it happens to them personally. 80% of the people could be coughing blood outside their door, but as long as they get their bonuses, all is fine, as far as they're concerned.
> If you're in your 50s you should have at least noticed that things have gotten progressively worse...
This is exactly what I am saying, things have gotten progressively worse. The argument most people are making here is that the worse is not progressive, that it is somehow last 11 months that shit's been going really, really bad (just note how many people are talking about "degree" and "scale" of shit in this thread alone. As if somehow sky is falling right now and it was amazing before.
funny thing is - same people back in October during the election campaign were pitching how economy is "great" and how they do not understand how GOP can run on economy platform when US economy is doing amazing, much better recovery post-COVID than any other country without a doubt. now though, economy is really bad, just horrible, can't be any worse :) in both cases, the 80% of the people you are mentioning are suffering, they were in October and they are even more so now. but everyone is in their own bubble, the "opposition" (myself included) in the current political order is saying "oh shit's really bad now" and "ruling party" people are like "oh man, how great are things, tariffs are doing their thing, exports are up, imports are way down, market is red hot..." etc...