inflation Articles
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Public opinion on entitlements like Social Security and Medicare is complicated and Americans are grappling with the future of these programs. Democrats prioritize expansion and equity, framing entitlements as a moral imperative. Republicans, particularly anti-establishment and MAGA voters want fiscal sustainability and reforms to reduce dependency. While many criticize the inefficiency of these programs, there is limited support for reforming or eliminating them.
Interesting thread https://t.co/G50cntLkVG
— Elon Musk (@elonmusk) December 3, 2024The Core Divide on Entitlements
Americans mostly value entitlement programs, but their perspectives on reform differ.
- 45% of voters strongly advocate for protecting entitlement programs, particularly Social Security and Medicare, viewing them as essential safety nets that reduce inequality and protect vulnerable populations like the elderly.
- 25% voice strong opposition to entitlement reform proposals that could lead to cuts, citing fears of worsening inequality and economic hardship.
- Around 30% of voters link entitlement spending to concerns about the unsustainable national debt, advocating for reforms.
Democrats
Democrats widely view Social Security and Medicare as essential programs, emphasizing their moral and economic importance.
- They see entitlements as rights earned through contributions, not government handouts.
- They advocate for the Social Security Fairness Act, which seeks to repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to reduce harm to public servants.
- They want to expand programs, citing their role in stimulating economic growth and reducing poverty.
Republicans
MAGA Republicans approach entitlements with skepticism, viewing them as costly programs that foster dependency.
- They say entitlements must be reformed to ensure fiscal sustainability.
- Some propose raising eligibility ages, recalibrating benefits, and targeting funds to those most in need.
- Many say unchecked spending on entitlements contributes to the national debt and undermines economic freedom.
Social Security Fairness Act
The Social Security Fairness Act has recently become a focal point in discussions around entitlement reform. In November, it passed the House and now moves to the Senate. The act, H.R.82, aims to repeal the Windfall Elimination Provision and Government Pension Offset.
Windfall Elimination Provision (WEP)
- What it does: The WEP reduces Social Security benefits for individuals with pensions from jobs not covered by Social Security, such as state and local government positions.
- Why it matters: Public servants like teachers, police officers, and firefighters often see their Social Security benefits significantly reduced, even if they contributed to the system through other jobs. Critics argue this penalizes workers unfairly for earning pensions outside the Social Security framework.
Government Pension Offset (GPO)
- What it does: The GPO reduces or eliminates Social Security spousal or survivor benefits for individuals receiving a government pension from work not covered by Social Security.
- Why it matters: This provision disproportionately affects surviving spouses of public servants, leaving them with little to no financial support, even if their deceased partner paid into Social Security for decades.
What People Say
- Supporters of repeal: Advocates argue the WEP and GPO unfairly target public employees, depriving them of benefits they earned and creating financial hardship for retirees and their families.
- Opponents of repeal: Critics claim the provisions prevent "double-dipping" into Social Security benefits and pensions and increase expenditures.
The Act has garnered bipartisan support, reflecting a general consensus that entitlements are not up for discussion when it comes to cuts. Demand to repeal is high, with public pressure mounting for the Senate to vote for H.R.82.
Recession Anxiety
Fears about an impending recession or even a depression cause fear in public discussion. While Americans express anxiety over inflation and rising costs, many remain unwilling to relinquish benefits tied to Social Security and Medicare, even as the national debt grows.
Key Concerns
- Americans cite inflation as a primary driver of economic instability, with rising prices disproportionately affecting vulnerable populations like seniors.
- Stories of elderly people resorting to extreme measures—like eating pet food—highlight the dire financial strain and calls to protect entitlements.
Contradictions in Public Opinion
- Many Americans demand fiscal responsibility and reforms to avoid economic collapse but resist significant cuts to entitlement programs.
- This tension causes difficulty for representatives attempting to reconcile public expectations with the fiscal realities of sustaining Social Security and Medicare amid mounting debt.
Broader Context
- Public frustration with government spending on foreign aid and perceived corporate welfare intensifies calls to prioritize domestic needs like entitlements.
- The Biden administration’s economic policies also drawn criticism, further fueling recession fears and skepticism about the country's future.
Public Frustration with Leadership
Disillusionment with political leadership haunts both parties.
- Delays in legislative action on the Social Security Fairness Act provoke frustration, particularly among public service workers who feel shortchanged.
- Criticism for things like Hunter Biden’s pardon exacerbates public cynicism regarding government accountability and priorities.
- MAGA voters distrust “RINOs,” saying they do not trust them to make progress on the debt issue, perceiving them as weak and self-interested.
Immigration and Entitlements
Entitlements and immigration policy also intertwine in public discussion.
- MAGA voters worry about social programs and funding for illegal immigrants, framing this as an unfair burden on taxpayers.
- Democrats counter with arguments that migrants contribute to the economy and should rightfully access benefits.
20
Dec
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Rising rental prices have become a festering pain point for Americans. Across social media, people share their frustrations, fears, and hopes, grappling with a growing housing affordability crisis. MIG Reports analysis shows Americans feeling stuck and demoralized.
“jarvis… simulate home prices after we deport 70 million illegal immigrants.” https://t.co/YfSiRB5XIZ pic.twitter.com/z6kqmxifHc
— Logan Hall (@loganclarkhall) December 2, 2024Homes are Unaffordable
Housing discussions revolve around the feeling that rent and homeownership are becoming unattainable. Rent increases far outpace wage growth, leaving Americans questioning their ability to remain financially secure.
Younger generations acutely feel despair, describing homeownership as an impossible dream. They often express resentment toward older generations, blaming them for policies and practices that created today’s crisis.
Older Americans reflect on the comparative ease of securing housing decades ago, creating a divide in how different age groups perceive the root causes of the issue.
Policy Failures
Most voters criticize lawmakers and government bodies for failing to adequately address the housing crisis. They say elected officials prioritize corporate landlords and developers over average renters.
Renters increasingly call for regulation to curb exploitative practices in the rental market like unchecked rent hikes and predatory lease agreements. However, more conservative voters are also skeptical about traditional government interventions.
Some argue rent control measures and similar policies don’t address the complexity of housing markets. They would prefer holistic solutions like investment in affordable housing developments and community-driven initiatives.
Emotional Economic Toll
The psychological effects of unaffordable housing are a recurring theme. Stress, anxiety, and feelings of instability dominate the emotional landscape, with many people linking their mental health struggles directly to their inability to secure affordable rent.
For individuals and families, the looming threat of eviction or displacement exacerbates this strain. Stories of coping mechanisms—such as sacrificing necessities or taking on multiple jobs—highlight the depth of personal sacrifices made to maintain housing.
Gentrification Displacement
Gentrification is often cited as a key driver of housing displacement, especially in urban areas. Commenters share stories about how rising rents push long-term residents out of neighborhoods, disrupting community ties and erasing cultural identities.
Many lament that neighborhoods once defined by diversity and accessibility are now dominated by luxury developments, catering exclusively to wealthier demographics. This sentiment fuels discussions about the broader societal impacts of housing policies that favor profit over community health.
22% of US renters spend entire income on rent, per Redfin.
— unusual_whales (@unusual_whales) December 4, 2024Nuances and Divergences
Regional and Local Differences
Conversations frequently contrast national trends with local realities. Rent spikes in cities like New York and San Francisco generate discussions that feel disconnected from smaller markets in the Midwest or South, where housing issues often involve job shortages or decaying infrastructure. Many stress that a one-size-fits-all approach to solving the crisis is inadequate, calling for localized strategies tailored to specific regional challenges.
Intersectional Inequities
Housing conversations increasingly highlight how race, gender, and socioeconomic status intersect to create unequal burdens. Marginalized groups, such as single mothers, immigrants, and low-income workers, often share stories of greater vulnerability to rent increases and housing insecurity. This intersectional lens suggests growing awareness of systemic disparities within the housing market.
Skepticism About Solutions
While calls for rent control and stricter housing regulations are common, they are not universally embraced. Critics say intervention measures might deter development or hamper market forces, further limiting housing supply. Others advocate for innovative solutions, such as public-private partnerships or co-op housing models, which are seen as more sustainable alternatives.
Rent & mortgage prices going up.. 🤦🏼♂️ pic.twitter.com/rKwnoLQQ5u
— HOW THINGS WORK (@HowThingsWork_) May 16, 202409
Dec
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Amid economic uncertainty and financial strain, conversations about Christmas spending express concerns, adaptations, and cultural shifts. Americans discuss their individual struggles and collective resilience as households navigate rising costs while maintaining the spirit of the holiday season.
I’M SO BROKE THIS HOW MY CHRISTMAS LOOKING pic.twitter.com/rYirr1EpfX
— ImKindOfTrash (@ImKindOfTrash) November 30, 2024Christmas Costs are Up
- Financial concerns dominate discussions, with 65-70% lamenting budget struggles this holiday season.
- Rising inflation and increased living costs create significant barriers to affording gifts, decorations, and meals.
- Americans share their struggles, linking them to wage stagnation and the rising costs of goods.
Gift Pressures Feel Bad
- Social expectations around gifts and experiences for loved ones create a heavy emotional burden.
- Around 55-70% of the discussion touches on the social pressures of Christmas.
- Feelings of guilt and disappointment arise from tight budgets that hamper traditional expectations.
- Social media exacerbates this pressure, with idealized portrayals of holiday celebrations widening the gap between aspiration and reality.
Shifts in Tradition and Culture
- Between 40-55% of comments highlight a shift toward simpler and more budget-conscious traditions.
- Plane for homemade gifts, experiences over material items, and smaller gatherings indicate a willingness to sacrifice tradition for savings.
- This trend aligns with a broader movement away from materialism toward emphasizing sentimental and relational values.
Community and Support
- Themes of community resilience and mutual support appear in 50% of discussions, showcasing collective efforts to adapt to financial constraints.
- Initiatives like local gift exchanges, community events, and resource-sharing sustain the holiday spirit despite economic challenges.
Nuanced Discussions
Cultural Critique
- Many Americans critique the commercialization of Christmas, pointing to social narratives that prioritize material generosity over emotional connection.
- This puts tension between modern Christmas celebrations and financial struggles of many households in 2024.
Economic Context
- Conversations frequently link individual struggles to systemic economic factors.
- They view inflation, job insecurity, and wage stagnation as key drivers of financial strain, dampening Christmas extravagances of the past.
Mental Health Impacts
- The emotional toll of financial strain during the holidays is a recurring theme as people discuss increased stress and anxiety, with in a greater mental health crisis.
- The pressure to meet expectations amplifies these feelings, framing Christmas as a source of both joy and hardship.
Emerging Values
Simpler Celebrations
- A trend toward minimalism has Americans focusing on shared experiences and emotional connection over costly material gifts.
- This shift could be both a practical response to financial constraints and a cultural reevaluation of holiday priorities.
Solidarity
- Community-driven solutions and mutual support highlight collective resilience.
- Americans are increasingly relying on community to bridge financial gaps, emphasizing shared holiday spirit over consumerism.
06
Dec
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A viral report from CNBC claiming inflation is down triggered sharp criticism from Americans who are paying high prices in reality. The report claims, “The costs of this year’s holiday feast — estimated at $58.08 for a 10-person gathering, or $5.81 a head — dropped 5% since last year, the lowest level since 2021.” This drew outrage and ridicule from many online.
A live look at the $58.08 dinner for ten… https://t.co/bwWR9D2i6O pic.twitter.com/J6EDk0AAyX
— Carol Roth (@caroljsroth) November 25, 2024Americans feel reports like this from legacy media outlets are disconnected from reality or hellbent on gaslighting the public into believing the economy is better than it is. Average households facing financial pressures from rent, groceries, and fuel feel acute strain as many point out wages are not keeping up with prices.
Public distrust in the media and political leadership is growing as people increasingly believe elites are telling them not to believe their lying eyes. Middle- and lower-income Americans point out that it’s easy for the media and political classes to shrug off inflation and believe the reports. But most families feel the financial squeeze shopping for Thanksgiving groceries.
Just got the most insane call from a liberal family friend who I argued with viciously throughout the election. He’s in his 60s, a successful businessman, but very liberal in the most boomer sense of the word, now lives in California.
— Disgraced Propagandist (@DisgracedProp) November 26, 2024
He called me and he said you were…What Americans are Saying
Skepticism Toward Inflation Reports
- Most people disbelieve claims that inflation is improving, citing their real-life financial burdens, rising prices, and stagnant wages.
- Some also point out that official job reports have repeatedly been revised down, revealing a lack of integrity in government data.
- Many scoff at the claim that $58 could cover Thanksgiving costs, based on their own shopping experiences.
Three months ago, my husband went to the grocery store with me for the first time in a very long time because I generally do that on my own and he freaked out because butter was almost 8 dollars. He goes if I am panicking about spending eight dollars on butter how are people in… pic.twitter.com/IO6nIm3t0v
— Insurrection Barbie (@DefiyantlyFree) November 7, 2024Distrust in Media
- 62% of those discussing the report online say media outlets misrepresent economic conditions to favor Democratic narratives.
- Reports on Thanksgiving costs are seen as an attempt by a dying establishment to maintain the façade of their own power while downplaying voter financial struggles.
It costs $60 for a family of 4 to eat at McDonalds.
— John LeFevre (@JohnLeFevre) November 25, 2024
But NBC News wants you to believe that Thanksgiving dinner for 10 people is $58 - the most affordable in 40 years. pic.twitter.com/5IYmL48oQJPolitical Frustrations
Americans tie inflation concerns to broader political criticisms, particularly toward Joe Biden and Democratic leadership, often mentioning “Bidenomics.” They say things like copious foreign aid and unchecked immigration have drastically worsened domestic financial hardships. Conversations frequently highlight a disconnect between the realities of rising costs and the optimistic rhetoric presented by political elites.
Blame on Democratic Policies
- Voters view massive spending on foreign aid for places like Ukraine and Israel as diverting resources away from American citizens.
- Most believe Democrats have allowed open border policies, criticizing the increased competition for housing, jobs, and social services.
- Some say government spending is out of control, citing Kamala Harris’s outrageous campaign expenditures as symbolic of Democratic fiscal irresponsibility.
Corporate Accountability
- Democrats have religiously placed blame on corporations for price gouging, claiming they exploit consumers—and some voters accept this explanation.
- Among Democratic voters, there is support for reforms targeting corporate practices that reportedly contribute to inflation.
Partisan Divide and Calls for Reform
Reactions are split, with conservatives overwhelmingly critical of the Biden administration and media narratives. A smaller group, mostly Democrats, defends inflation reports as misunderstood. However, this defense is largely drowned out by anger and despair.
Economic challenges under Democratic leadership have created an opening for conservative narratives emphasizing fiscal responsibility and populist policies. Many are excited and hopeful for a return to Trump-era economic stability, particularly middle- and lower-income voters.
Structural Changes
- Voters demand tax cuts on essentials to counter inflation.
- Many want to reduce foreign aid, shore up the border, and foster wage growth.
- Supporters argue Trump-era economic policies delivered greater stability, calling for trust in his economic strategies.
Predictive Analysis Heading into Trump 2.0
If depressed and strained sentiments persist, economic concerns will likely continue to dominate the first months of Trump’s second administration.
Conservatives in Congress may be successful in leveraging frustration over the economy and skepticism toward Democratic leadership to implement meaningful policies. Under Trump, expect a sharper focus on fiscal accountability, corporate and government reform, and reducing the disconnect between political rhetoric and economic realities.
Democrats, meanwhile, face an uphill battle to regain voter trust. Bridging the gap between optimistic narratives and reality is critical. However, some believe once Trump retakes the White House, media narratives could dramatically shift from optimism to doom and gloom. If this happens, it’s likely the legacy media will continue to lose cachet with the people.
The GOP has an opportunity to frame itself as the party of practical solutions and working-class advocacy, provided it can implement tangible solutions and improve people’s financial situations.
28
Nov
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Governor Kathy Hochul’s revival of congestion pricing has sparked heated debate among New Yorkers, amid widespread frustrations with her administration.
Hochul’s proposal, set to begin in January 2025, introduces a $9 toll for vehicles entering Manhattan's Central Business District during peak hours. This is intended to reduce traffic congestion and generate approximately $15 billion for the Metropolitan Transportation Authority's capital projects.
The initiative has faced criticism from various groups, including New Yorkers, with a viral clip of Hochul explaining the tax could have been $15, but instead is only $9. Many point out the incoherence of presenting this as a savings, when non-congestion pricing is nothing.
Did Kathy Hochul just do the Tik Tok trend “girl math” with congestion pricing? https://t.co/TSRfYqtTOq
— West Village Guy (@VillageWest14) November 18, 2024A Tax Burden on the Working Class
Perceived Inequity
New Yorkers see the $9 toll for entering Manhattan as a financial burden disguised as a cost-saving measure. While Hochul frames it as a reduction from $15, critics say, regardless of the cost, the tax disproportionately affects middle- and lower-income groups who depend on their vehicles for commuting. The toll, coupled with high living costs and inflation, adds to their already stretched budgets.
Distrust in Leadership
Many commenters express skepticism about Hochul’s fiscal priorities. Complaints focus on mismanagement of taxpayer dollars, highlighting issues like fare evasion on public transit and rising costs without corresponding improvements. New Yorkers see the toll as generating revenue at the expense of struggling residents.
Dissatisfaction with Public Spending
Critics frequently cite misallocation of state resources as a point of frustration. Funds directed toward illegal immigrant assistance are often contrasted with unmet needs in transit efficiency and public safety. This fuels sentiments that Hochul’s administration is out of touch with the struggle to afford living in New York.
Political Discontent
Leadership Critiques
New Yorkers and outside observers regularly criticize Governor Hochul as a perfect representation of extreme liberalism. They accuse her of being an elite, disconnected from voter realities. This perception is tied to broader frustrations with Democratic leadership in New York, which many view as prioritizing ideological goals over practical governance.
Economic and Crime Concerns
People view the congestion toll as part of a pattern of rampant governance failures. Critics link it to other policies they feel have worsened the quality of life, such as lenient bail reform laws and insufficient measures to address crime and public safety.
Ideological Priorities
The policy also intensifies debates about liberal dominance in state politics. Many call for a political overhaul and alternatives to what they view as corrupt and ineffective leadership. This dissatisfaction is a rallying point for voters considering Republican candidates.
Transparency and Incompetence
Revenue Allocation Skepticism
Distrust in how toll revenue will be used is a recurring theme. Many question whether funds will genuinely improve transit or if they will be lost to bureaucratic inefficiency. New Yorkers are offended at the audacity of Hochul to frame the $9 toll as a “savings,” calling it condescending and deceptive.
Messaging and Public Trust
Hochul’s communication around congestion pricing alienates voters who already feel neglected and taken advantage of by leaders. Many find the messaging tone-deaf, with comments suggesting the public is insulted by the idea that implementing a $9 toll is actually a win for government.
A 🧵looking at the Governor's statement announcing the return of the #CongestionPricing tax:
— Joe Borelli (@JoeBorelliNYC) November 14, 2024
1) This isn't a "40% reduction in Congestion Pricing Tolls"... the toll is $0 today. This is a 100% increase in Congestion tolls to $9. This is Orwellian. pic.twitter.com/BhoGAAaZdFFinancial Burden on Workers
Union members and leaders view congestion pricing as an unfair burden on working-class and middle-income families. They say a toll disproportionately impacts those who rely on vehicles due to limited public transit options.
Public Transit Issues
Union voices align with broader critiques of the MTA, citing fare hikes and declining service quality. They argue congestion pricing shifts financial responsibility onto vulnerable populations instead of addressing poor transportation management.
Union Opposition and Mobilization
Legal challenges, such as a United Federation of Teachers (UFT) lawsuit to stop the congestion pricing program, illustrate the growing opposition to New York governance from unions. Many Teamsters view Hochul’s policies as predatory, reiterating the shift away from Democratic politics which was clearly demonstrated in the 2024 presidential election.
20
Nov
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Discussion is growing around Social Security as Americans worry about the future. While Social Security is a crucial safety net for many, public discourse reveals concern about sustainability and a desire for reform. Americans are anxious about economic stability, intergenerational equity, and whether government leadership is trustworthy.
💯"We're pretending and lying to the American people that the social security funds that are extracted from their checks is sitting in a lock box...The money is taken out of your check now, and that money is then given to those people who are retiring now!" pic.twitter.com/1HPIZZwVg7
— Rep. Chip Roy Press Office (@RepChipRoy) November 12, 2024Support with Concern
- Most Americans express loyalty and concern for Social Security, though the degree of apprehension varies.
- Roughly 55-70% of comments worry about the program’s long-term viability, fearing rising costs, inflation, and potential mismanagement could jeopardize future benefits.
- Many view Social Security as an essential pillar of American life that should be preserved, but question whether current economic conditions will allow it to sustain future retirees.
- Anxieties are amplified by discussions about inflation, with many calling for adjustments to benefits that better reflect the rising cost of living.
Reform and Modernization
- Americans who support Social Security largely agree on the need for reforms to secure its viability without compromising the core mission.
- Around 25% of voters want moderate reforms to improve efficiency, while another 15–20% urge for substantial overhauls.
- Proposals include raising the cap on taxable income, implementing means testing, and modernizing payment structures to adapt to demographic and economic shifts.
- Demands for reform are coupled with critiques of government waste and inefficiency, suggesting redirected funds could reinforce Social Security.
Generational Equity and Economic Tensions
- There is also a generational divide in viewpoints. Younger Americans, skeptical about the program’s sustainability, worry they may never receive benefits equal to their contributions.
- Some frame Social Security as a “pay-as-you-go” system at risk of insolvency due to shifting demographics and economic challenges.
- older generations emphasize that they have paid into the system throughout their working lives and deserve the benefits promised.
- Economic pressures also spark discussion about broader fiscal concerns like wage stagnation and inflation.
Political Divisions
Social Security discussions are further polarized along political lines, with partisan affiliations shaping views on reform.
- Conservatives typically favor budget restraint and cuts to ensure sustainability, while progressives advocate expanded benefits and funding.
- Recent reports reveal an added layer of division tied to leadership perceptions, with mixed expectations for Trump’s proposed efficiency-focused reforms.
- While some anticipate positive changes, others express doubts about the sincerity or impact of his administration’s policies.
- Discussions branch into related issues like tax policies and foreign aid, with some arguing resources allocated abroad could instead bolster Social Security.
Who is ready for tax cuts!?!?!
— Anna Paulina Luna (@realannapaulina) November 14, 2024
We are ending taxes on social security, tips, and overtime!Technology and Government Distrust
A recurring theme across discussions is lack of trust in government.
- Many Americans doubt current government structures can effectively protect Social Security, citing past inefficiencies and instances of mismanagement.
- Skepticism extends across party lines, with people questioning whether promised reforms will genuinely strengthen the program.
- Some say technology could enhance Social Security’s resilience by streamlining operations, reducing administrative costs, and increasing transparency, thus potentially restoring public trust.
15
Nov
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Trump’s 2024 presidential win is rapidly shifting expectations and realities across many sectors—including cryptocurrency. Crypto markets are surging to new highs, crossing $85,000 for the first time at the start of the week.
BREAKING: $85,000 #Bitcoin NEW ALL TIME HIGH 💥🚀 pic.twitter.com/ZkqhrytriY
— Bitcoin Magazine (@BitcoinMagazine) November 11, 2024Now, the crypto community is discussing the potential longer-term impacts of a second Trump administration, including market movements, regulation, and a strategic Bitcoin reserve.
You might want to buy Bitcoin. pic.twitter.com/mEjFNOACgm
— Altcoin Daily (@AltcoinDailyio) November 6, 2024Crypto Voter Reactions
MIG Reports data shows:
- 70% want policies reducing government oversight in financial innovations.
- 65% of crypto voters are optimistic about a Trump administration’s impact on digital assets.
- 60% express hope for clearer regulations that protect rather than restrict crypto.
- 50% criticize legacy media’s portrayal of crypto and its neglect of blockchain’s benefits.
- 55% believe a Harris administration would have introduced unfavorable crypto policies.
Bitcoin Highs and Market Optimism
Almost immediately after Trump’s win, Bitcoin and other cryptocurrencies pumped, spurring discussions around:
- All-time highs: Bitcoin reached multiple new all-time highs following Trump’s victory, mirroring record gains in traditional stock markets.
- Increased trading volume: Trading volumes across major cryptocurrencies surged, reflecting renewed investor interest and perceived market stability.
This price movement isn’t the only reason to be bullish in crypto community—it’s symbolic of future positive movement. Many say the surge signals a political optimism toward decentralized finance, rejecting traditional financial systems which are over-regulated and restrictive.
Trump’s recent history of embracing crypto and making promises the community supports increases market optimism. Crypto voters who supported Trump are eager to see what his administration brings in the way of crypto regulation clarity and preventing a CBDC.
Enthusiasm and Policy Optimism
Beyond price pumps, the tone in the crypto community is optimistic about Trump’s impact on the industry.
Regulatory Relief
Many expect Trump to support less restrictive policies, anticipating an administration that leans into free-market principles. They want:
- Broader institutional adoption of cryptocurrencies.
- Greater regulatory clarity, particularly in navigating securities laws and tax regulations.
- Policy measures that prioritize financial innovation over governmental oversight.
Strategic Bitcoin Reserve
Crypto voters are excited about Trump’s promise to establish a strategic Bitcoin reserve as a safeguard against broader economic uncertainties. They view this as strengthening the U.S. economically and positioning it as a global crypto leader. Many are growing more positive about having J.D. Vance in the administration, considering his history in venture capital and crypto-related tech industries.
Global Relations and Market Confidence
The community voices excitement about Trump’s relationships with foreign leaders, especially with countries like Russia and China. They believe a Trump administration could reduce international tensions, creating a stable environment for investment that directly benefits cryptocurrency markets.
Contrast with Harris
Many are relieved to have avoided a Harris administration, which would likely have leaned toward regulatory intervention. Voters speculate a Harris presidency would have dampened crypto enthusiasm through heavier restrictions and oversight on digital assets.
Overall, crypto voters view Bitcoin’s post-election rise as a financial victory and part of a larger paradigm shift toward decentralized finance. They see crypto assets as increasingly vital in a landscape where traditional financial systems are perceived as vulnerable to external pressures.
Geopolitical and Economic Signals
A bull market in crypto and traditional markets is also influenced by anticipated changes in global dynamics. Investors view Trump’s assertive foreign policy as a stabilizing force—one that fosters economic confidence beyond U.S. borders.
Global Stability Expectations
Trump's win coincides with immediate signals of reduced international tensions. His approach to foreign policy, which prioritizes economic interests, offers a sense of reassurance regarding:
- Dissolving migrant caravans at the border, which voters see as moving toward controlling immigration.
- Potential peace overtures with Russia, China, and the Middle East, likely to stabilize global markets and benefit U.S.-aligned economic interests.
Shift in Energy and Trade Dynamics
Comments in the crypto community suggest energy self-sufficiency and the move away from reliance on adversarial energy sources (e.g., Russian gas) could reinforce economic independence—an essential condition for a flourishing crypto market reliant on stable, decentralized finance.
Projections for Crypto Under Trump
While immediate data points reveal optimism, crypto voters also discuss their future hopes for crypto under Trum:
- Long-term market growth: If Trump’s administration delivers on regulatory relief, crypto investors expect prolonged growth for digital assets, with Bitcoin likely testing new highs. Trump’s anti-establishment stance, combined with crypto’s decentralized appeal, stokes enthusiasm.
- Institutional adoption: With a stable political climate, more traditional financial institutions may enter the crypto space. Banks and investment firms could see Trump’s policies as a green light for incorporating digital assets into portfolios, leading to higher market penetration.
- Global integration: Trump’s foreign policy approach, if it promotes energy independence and stable trade relations, could make the U.S. an appealing hub for crypto. Increased international cooperation could facilitate smoother cross-border crypto transactions, enhancing the legitimacy of digital finance worldwide.
12
Nov
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The October 2024 jobs report only inflames concerns about the economy as a central election issue. The report, which revealed only 12,000 jobs added, fell drastically short of the 100,000 expected. This also comes after multiple reports were revised down, including nearly one million from April last year to March of this year.
The biggest story of the week was the jobs report:
— David Sacks (@DavidSacks) November 4, 2024
October: 12k new jobs when 100k expected. Job growth negative if govt excluded.
September: 254k revised down to 223k (-31k).
August: 159k revised down to 78k (-81k).
Instead they got us focused on a fake poll.Many also point out that what little growth there is, comes from government job growth and foreign-born worker growth. The impact of immigration on employment continues to anger Americans who struggle every day to pay their bills.
This is why so many Americans could give 2 💩 about “celebrity endorsements.”
— Allison Dyer (@3rdGener) November 4, 2024
“How dare you, get on TV and tell me who is the morally superior candidate? When’s the last time you had to put back socks at Walmart, because you can’t afford to buy them for yourself and your… https://t.co/toKZYWVcJt pic.twitter.com/j9lbDd0ZPBElection Implications and Future Projections
The current economic situation places job growth and employment policies at the forefront of the electoral landscape. As job data continues to underperform, voters want leadership that will practically improve their lives.
Given strong disapproval among Independents and center-right voters, the jobs report likely pushes people vote for Trump. Many who are in essential swing states appear ready to shift support away from Harris and pull the lever for Republicans.
- Swing Voters and Independents: Approximately 60% of swing voters are voicing frustration with the administration’s job creation record.
- Calls for a Change: A majority of Americans say the country is heading in the wrong direction. They want private-sector-driven policies over government expansion.
- MIG Reports Data: When the Oct. jobs report was released, discussion volume spiked while sentiment dropped from 46% to 40%.
Disillusionment with Job Growth
October’s weak job creation figure of 12,000—a substantial drop from expectations—causes anger and disappointment. Compounding the issue, job data for previous months is consistently revised downward, with September's jobs adjusted from 254,000 to 223,000 and August’s from 159,000 to 78,000.
These ever-weakening numbers drive deflated emotions about the economy under Biden-Harris, where “Bidenomics” is often cited as to blame.
Top Discussion Points
- Dismal Numbers: Only 12,000 new jobs were created in October, marking the lowest monthly growth since 2020.
- Private Sector Decline: Excluding government jobs, job growth was negative, intensifying frustrations at the Democratic focus on expanding public sector roles.
- Manufacturing Losses: October saw a loss of 46,000 manufacturing jobs, a statistic voters interpret as a sign of economic decline rather than growth.
Voters widely view these trends as indicative of a stalled economy, with many drawing contrasts to the “Trump boom” years. They say job creation was stronger and more favorably distributed across private sectors.
Many also complain that, even when they have work and increasing pay, their quality of life is decreasing because of inflation. This disappointment and desperation are driving people to decry the last four years—a point which the Harris campaign is forced to embrace.
Tim Walz is right. We can’t afford four more years of this! pic.twitter.com/SP9NPUmSeE
— TheLizVariant (@TheLizVariant) September 29, 2024Government vs. Private Sector Job Growth
Americans are particularly angry about the makeup of job growth. Government employment overwhelmingly accounts for the pitiable growth numbers, which many see as unsustainable and “non-productive.” Voters say expanding government jobs does not stimulate the economy or boost GDP, which they view as the true engine of economic resilience.
The contrast in campaign platforms also becomes stark as Harris’s flagship economic contribution is more government workers while Trump has promised to appoint Elon Musk to decimate government bloat in a Department of Government Efficiency (DOGE).
Who else thinks Elon Musk should cut 80% of the Government Jobs when Trump is Elected ? pic.twitter.com/Kcyi9t97fk
— Marjorie Taylor Greene Press Release (Parody) (@MTGrepp) October 19, 2024Top Discussion Points
- Government Dependence: Most new jobs are government, a fact voters feel props up employment numbers without improving economic conditions.
- Private Sector Struggles: With manufacturing and other private industries shedding jobs, voters feel job creation is artificial, lacking the dynamism required for sustainable growth.
For many, this trend signals an economy increasingly dependent on government intervention. Voters worry continuing in this direction will stifle private sector vitality and limit opportunities for recovery, ultimately worsening quality of life.
Immigration and Job Competition
The issue of immigration adds to voter ire. More and more voters believe lack of border control contributes directly to job disadvantages for American citizens. They say prioritizing employment opportunities for American-born workers should be a top focus, rather than policies that increase labor market competition.
Top Discussion Points
- Foreign-Born Workers: Many of the jobs added have gone to foreign-born workers, resulting in a net loss for American-born workers.
- American First: There is a strong sentiment that labor efforts should focus on hiring American citizens first to stabilize the job market for citizens.
Americans increasingly see poor border policies as a job competition issue but also emblematic widespread economic mismanagement. As the workforce grows through immigration, many worry American workers will bear the brunt of stagnant job growth.
Ideological and Political Reactions
Despite the dismal economic signals brought on by the Biden-Harris administration, there are still clear partisan divides. For conservatives, Democratic policies are synonymous with heavy-handed government control, tax hikes, and regulatory expansion.
Voters who lean right overwhelmingly see the solution as returning to the economic policies of the Trump era. They want American worker jobs, tax cuts, deregulation, and reduced reliance on government roles. Many also support Trump’s tariffs plan.
Top Discussion Points
- Free-Market Advocacy: Americans want private-sector job creation through deregulation and minimal government intervention.
- Economy Concerns: Fears about inflation, increased taxes, and a lack of opportunities have driven some Democrats and Independents toward Trump.
Disillusionment is not confined to conservatives and MAGA voters. Traditional Democratic voters and many Independents are voicing dissatisfaction. Concerns over Harris’s role in worsening inflation, combined with poor job reports, lead some former Democratic supporters to reconsider their loyalties.
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American feelings about their wallets are dismal, with constant discussions about the economy, inflation, and housing prices. There is unrelenting frustration and discontent with voters online as people tie the direction of the country to dissatisfaction with Biden and Harris. They want change, strained by daily financial pressures and perceptions of governmental inadequacy.
🚨 CNN ANALYST: Just 28% of Americans think the U.S. is on the right track. The incumbent party usually loses when that number nears 25%, and wins when it is near 42%. This is a bad sign for Kamala Harris. pic.twitter.com/tCbXkPLihD
— Eric Daugherty (@EricLDaugh) October 4, 2024Can’t Afford a Home
Americans are dismayed over unaffordable living costs, tying these issues to political decisions and low housing supply—due in part to the massive influx of illegal immigrants.
Voters particularly critique policies in urban areas where prices are highest. The government's focus on broader political rivalries over actionable housing solutions angers Americans struggling to live comfortably.
Many say illegal immigration is exacerbating housing scarcity, calling for leaders to prioritize Americans. Voters want American citizens to benefit from housing initiatives instead of "overly accommodating" migrant populations.
🚨🚨🚨Tim Walz Approved an Immigrant Down-payment Assistance Program in Minnesota.🚨🚨🚨 SAME NGO that used Oregon tax dollars to give 30k to undocumented migrants.
— Breeauna Sagdal (@Breeauna9) October 31, 2024
The Minnesota CDC, similar to Hacienda CDC of Oregon, will cap down-payment assistance at 32k for first-generation… pic.twitter.com/RwICfEq3ROBiden-Harris Didn’t Pan Out
Inflation is another focal point, with significant distress over soaring costs for essentials like food, housing, and energy. While some view the Inflation Reduction Act as a win for affordable healthcare, most perceive it as insufficient in the face of steep price increases.
Biden-Harris economic policies are largely under scrutiny, with critics linking the current inflationary environment directly to their policies. Voters suggest socialistic-leaning policies are hurting market forces.
Trump supporters juxtapose their financial situations today with the more successful Trump-era economic strategies. They want stability and lower inflation, even if they don’t like Trump for other reasons.
Left Behind
Economic issues as a whole encapsulate voter dissatisfaction. People discuss the allocation of federal funds and government spending priorities as hurting Americans.
Many citizens express disbelief over the amount of aid directed toward international conflicts, like Ukraine, while domestic needs are ignored. They voice frustration over high living costs and federal funds disproportionately benefiting illegal aliens. This stokes resentment around issues like entitlement sustainability and local infrastructure.
Voters critique the Biden-Harris administration's lack of transparency and responsiveness, with calls for policies that genuinely support the middle class. Social media discussions often echo Trump’s calls to shift from income tax to tariffs as a way to alleviate the working class's financial burden.
This level of economic unease indicates that Americans are dissatisfied and highly motivated as they consider alternative policy directions for the nation’s financial future.
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