/biz/ - Business & Finance

>>57396646
They're just like that

No one believes the governemt numbers on the economy because American institutions are mired in a credibility crisis. Two weeks to flatten the curve became two years of state-enforced hysteria, safe and effective became maybe it helps and myocarditis, the empire withdrew from Afghanistan in humiliation, elections get decided at 3 in the morning with nebulous claims about leaking pipes forcing polling staff out, and "transitory" inflation turned out to be anything but. Everyone hears the announcement that we're right on track to Building Back Better alongside the news of another round of layoffs, everyone hears the speculation about whether the fed needs to pivot because inflation has been tamed while their bills keep creeping up, and everyone watches the government flirt with a shutdown (again) because they're struggling to balance their books and then watches another hundred billion dollar check get written without hesitation to buy bombs to drop in some dump thousands of miles away. A palpable sense that very real problems are here and that even bigger ones may well be right around the corner fills the air, and every leader of thought or policy who's allowed to have airtime immediately handwaves it away as paranoia before resuming their vociferous debates over the proper age to perform genital mutilations on children vs young adults or whether or not heroine addicts should get their needles from the State or have to find them on their own.

Nobody believes in the US economy anymore because nobody believes in the people telling us it's going to be okay anymore. Everyone feels grim about the future because it's perfectly clear that this place is run by idiots.