This is an actual tweet from Joe Biden

submitted by Orangutan from i.redd.it

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[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

Way more harm has come to others from world leaders/governments locking us all down for a year

It's hard not to notice that many of the cars on the road are newer now than they've ever been in my lifetime. We got one too. We have more money these days. Our investments are doing fantastic generally.

It's the first time a lot of people aren't living paycheck to paycheck anymore. I know it wasn't good for everyone, and there's of course the fear printing all this money is going to lead to rampant inflation, or the markets will crash. And they might.

But overall this went way better than I had imagined a year ago.

[–]slushpilot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Yes, very true. I'm actually kind of worried now after seeing how relatively well it's gone.

The fact that there weren't more major disruptions over the last year just tells us how detached from physical reality some things actually are. The stock market are way up after what should have been periods of lockdown & contraction for several industries. Housing prices are way up.

Either the economy is way more resilient than we imagined, which would means the whole industry of financial theorizing, analysis and punditry were complete bullshit and we don't understand economics at all... or things are desperately propped up in places and overinflated, just waiting for a slight breeze to bring it crashing back down. So which one is the real Potemkin village?

Makes me wonder about things like the gas shortages: an isolated incident, or a sign of more to come?

[–]AcceleratedWallops 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

The "stock market" consists mostly of large companies. Like the S&P: an index of the 500 largest companies.

Who does well when small business are failing?

Big businesses.

[–]slushpilot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Ok, so there's another tragic realization to add to the list, if true: small businesses add nothing of value, and we wouldn't really miss them if they were gone... we would do just fine with supply chains & distribution managed by megacorps like Amazon & Walmart.

[–]AcceleratedWallops 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The goal of our feudal overlords is to turn us into WALL-E.