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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

What Are You Doing Sunday?

September 16, 2024September 16, 2024

ARE WE REALLY TALKING ABOUT GEESE?

Watch J.D. Vance make his case, then be fact-checked.


LET’S TALK, INSTEAD, ABOUT THE ECONOMY

Trump says it’s terrible.

He hopes to fix it for everyday Americans by cutting taxes on the rich . . . by raising the prices of everything they, and American manufacturers, import . . . by pulling millions of needed workers off the job and putting them into camps awaiting deportation . . . by repealing Obamacare . . . by rooting out the “vermin” among us . . . by forcing families to have unwanted children they can’t afford . . . and by setting a general tone of vengeance and retribution.  Not to mention his team’s Project 2025 which he claims to know nothing about, just as knew nothing about Stormy Daniels or the checks he himself signed to pay her off.

Things are terrible if you bought Trump Media at its $79.38 high six months ago and now see it, as Trump sees his shares, at $17.97.

But employment remains robust, wages are rising faster than prices, interest rates have begun falling, we’ve begin finally revitalizing the nation’s infrastructure, and the stock market, albeit not DJT, is at an all-time high.

For all the difficulties average Americans face — which Kamala Harris and Tim Walz see and are working to assuage — our economy is pretty much the envy of the world.

What’s more, there is Great News About American Wealth.

It’s nearly a year old, but has likely only gotten better in the meantime:


Americans’ wealth is way up since before the pandemic.

The increase is very even across the board, with people at the bottom of the distribution gaining proportionally more than people at the top.

Inequality is down, including racial inequality, educational inequality, urban-rural inequality, overall wealth inequality.

Debt is much less of a problem.

There’s even some surprising good news about income as well as wealth.

In other words, a rising tide is lifting all boats. I know it can be tough to believe that, with all the doom and gloom you see in the media, but the numbers speak for themselves. And just so you know, all the numbers I give in this post are adjusted for inflation, so don’t worry about that.


Let’s keep moving forward.



ARE YOU IN NEW YORK SUNDAY?

Come cheer Kamala and add fuel to our fire.

 

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