Discussion on the Economy

[thetragichippy]

This was a post by Shipwreckedcrew from X that made some great points. 

There are a few things that stood out that I bolded, the truck rang a bell.....

Republican or Democrat, we can't hold the Government responsible for our own bad decisions. 

A person buying an 80K truck at 6% interest will pay 98K over the 84 months with a $1168 monthly note, then likely trade it in or get another truck once paid off.  Ironic that this same person would probably complain about gas prices, when he could of purchased a 45K truck and put the other 45K in a savings account. 

Thoughts?

 

The problem is there is nothing "wrong" with the "economy." 

Economic growth is rising and unemployment is falling. 

Prices remaining high because of PAST INFLATION  isn't an "economy" thing.

Home prices being high because of a shortage of affordable inventory for first or second time homebuyers isn't an "economy" thing.

Buyers taking out car loans for 84 months at 15% interest rates, and being upside down in their equity for 36-48 months isn't an "economy" thing.

Having a large portion of the college educated workforce emerge from academia with worthless degrees that employers place no value in for hiring purposes isn't an "economy" thing. 

Trump and the GOP are going to pay the price for an "economy" when the problems are not a feature of the "economy." 

They are a product of choices made by voters in their own lives. 

Gas prices have been expensive before.

Interest rates have been high before.

But I've never seen so many $60,000 pickup trucks and $85,000 SUVs being driven down the road ever in my life.