Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
My job is laying off people every 6-12 months despite having immense reserves of wealth. Remind me how great the economy is?
Man, it’s so great right now. Mark Zuckerberg increased his wealth by $29 billion just yesterday! People with fat stock portfolios are coming in here to tell us we’re wrong about the economy! It’s awesome!
Ding ding! Record profits? Use a single measley lawsuit and rebrand+spin off your debt and liability, file for bankruptcy and live the American dream.
In tech by any chance?
God I hate how insular tech workers are. Anything that happens in tech, they think happens universally.
When the economy was tanking and tech was doing great: “the economy is very fair and just, you need to work harder bootstraps blah blah”
When house prices soared: “just buy a house in the middle of nowhere for dirt cheap and keep making your big city salary like me!”
Now the economy is doing great and tech is finally experiencing a correction: “omg the sky is falling!!”