BLS reports need to change

A bit off topic, but in the spirit of a discussion and not looking for "gotcha points", who do you really feel is to blame for the above graph?

This may be un-Democratic of me, but I really think that independent of political parties, that graph is a failure of the individual. They may be aided and abetted by one party or other, but personal savings rate is just that. Further, post pandemic, people seem to have lost a) their minds b) their drive to earn and c) value personal, financial security.

Again, I probably get my Democrat card taken away, but I do not blame either party for most of that. The politicians simply have mastered the art of preying on our population and exacerbating their already bad habits.

 

yeah, we went thru the same kind of stuff when employment numbers were improving during the Obama administration. Claims from Republicans that the numbers were fake, that Obama had changed the definitions to make the numbers look better ...
Remember all the claims that U6 was really the valid measurement, not U3, despite the fact that U3 had been the accepted standard since the 1940s? But U6 shows a higher figure so Republicans claimed that was the real one.
It's funny how all that ended in January 2017.

 

Damn so you mean the contingent that claims to hate fake news is out here pushing fake news? Yikes!

 

I think it might have been you who first posted a graph in 2017 about how suddenly republicans thought the economy looked good...despite there not being anything exceptional about it compared to the previous half decade...other than, well you know.

 

Not to mention some conservatives here who claimed that they lost money in the stock market and their 401k under Obama. I guess if you lost money in stocks during the Obama era, it only makes sense to vote for someone who bankrupted a casino.

 

My right wing parents actually did ... they moved all their money to an Oil fund, against the advice their broker, when Obama was elected. I guess it didn't do well. But still, to this day, they'll say it's the "smartest thing they ever did because it would have been a lot worse if they left it in stocks". I can show them charts of the DOW and S&P over that time frame, and they'll just say "that's not what I heard".... it's incredible.

 

This is how Biden's economy is supposed to work... less people working and more banks taking people's houses.

All part of the plan...