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As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows (apnews.com)
submitted 5 months ago by to c/aboringdystopia@lemmy.world
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WASHINGTON (AP) — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hover near record levels.

The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, the first decline after three months of gains. The measure hasn’t fallen as much this year as other gauges of consumer attitudes, but it has been stuck at a low level since the pandemic. Before COVID-19, it regularly reached 130.

A separate gauge of consumer sentiment released last week by the University of Michigan fell to a record low this month. Soaring gas and food costs have worsened inflation that is outpacing the average growth in paychecks, reducing most Americans’ purchasing power. Americans have soured on President Trump’s economic policies, polls show, potentially creating problems for Republicans heading into the midterm elections.

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[–] 48 points 5 months ago (7 children)

Electing Harris would have meant Lina Khan would have stayed at the FTC and we wouldn’t have the jackass Trump just appointed to the Fed. Both parties are not the same.

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  • [+] -13 points 5 months ago (3 children)
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  • [–] 20 points 5 months ago (2 children)

    Seems like you don't actually have anything to directly refute anything people challenging your narrative are saying, and are spam-fucking whataboutisms to dance around the topic.

    Please keep your terminally online leftist bullshit to yourself. Enough damage has already been done by stupid mother fuckers who think neoliberals are just as bad as literal fascists.

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  • [+] -15 points 5 months ago* (2 children)
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  • [–] 5 points 5 months ago

    You're a genocide supporter,

    Oh god he's halting! He's doing the same stupid bullshit of copy & pastting brainless and lazy accusations that all terminally online leftists do!

    and no I won't keep it to myself what you did to those kids.

    Time to take the psychosis meds the nurse passed you earlier.

    What about voting for the only viable candidate that would have prevented Trump, a child rapist, is bad for kids?

    It makes sense that you supported it cause like a Zionist,

    Fact: Israel wanted Trump to win, not Kamala. We knew this in 2024

    Fact: Israel has Epstein child rape blackmail on Trump. We knew this in 2024

    Fact: Trump is the only president to have launched a war against Iran for Israel. Not Biden, not Obama, and there is zero reason to believe Kamala would have.

    Fact: ICE wasn't made to become a US gestapo force, training under the IDF and using Israeli spyware on US citizens and undocumented persons under ANY DEM.

    Seems if the accusation of supporting Zionism is applied accurately, its to limp docked, short sighted, overly privileged, faux advocates like you. You enabled Trump to win, which is objectively what the Zionists wanted, and why they're trying to keep the GOP in power now.

    you're always claiming to be the victim.

    Screaming at the mirror again?

    When you help Nazis carrying out a modern day Holocaust, you are the literal fascists.

    Hey dipshit, due to your complete and total lack of willingness to vote for the ONLY VIABLE CANDIDATE TO BEAT TRUMP IN 2024, you get to have blood on your hands with

    1. The escalated genocide in Palestine
    2. The escalated genocide in Lebanon
    3. The genocidal war against Iran
    4. The genocidal blockade of Cuba
    5. The genocidal round up of brown Americans into ICE concentration camps
    6. The rape of resources of Venezuela
    7. The total collapse of protection under the law in the US for anyone who isn't a rich Zionist
    8. The destruction of USAID and pullout from the WHO DURING THE RAPIDLY EXPANDING EBOLA OUTBREAK IN AFRICA
    9. The total destruction of the ACA and closure of 900 US medical facilities thus far
    10. The colossal fuel crisis that hurts developing countries and their remaining aid the most
    11. Etc

    The only people in this thread who helped with carrying out the modern holocaust ARE DIPSHITS LIKE YOU, DIVORCED FROM REALITY AMD WHO REFUSED TO VOTE FOR THE ONLY VIABLE CANDIDATE TO PREVENT VIRTUALLY ALL OF THIS FROM HAPPENING.

    The blood IS ON YOUR HANDS

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