Originally Posted by
Extenda
this one always gets me. Some people were struggling, inflation for household goods was high. All this is true, but not for legacy airline pilots.
as a legacy pilot, you signed the most lucrative contract in history, you saw insane seniority movement, your equity in the stock market literally doubled, and your house price (if you already owned) nearly doubled as well.
I pray upper middle class airline pilots replicate the last 4 disastrous years under the new administration. I’m doubtful though.
Honestly I think people are just wrapped up in some weird alternate reality cult. Maybe if in the next 4 years their equity heavy nest egg takes a 30% hit it might snap them out of it? Even this might not break the hold.
I hope the green lines all over the economy keep lurching up and to the right regardless of who’s in charge.
Yep, seems a certain news channel drilled it into the gullible that "times is tough" while fact is, inflation was covid(supply chain) generated, not specific to the USA, and entirely global. According to global economic analysis, the US economy was the gold standard coming out of this period. Yes, other countries were looking at us saying, "Why can't we be like them?".
And I ask this question to all who want to reinvent America - which country are we trying to model? What is this best example that we are aspiring to be? Is it Hungary? Russia? The former has the GDP of Alabama, the latter has 1/2 the GDP of "socialist California". So who are we trying to be like?