#that is not equivalent to dollar price
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I feel so stupid
#ordered a game & then cancelled the order bcoz i didn't remember that DVDs won't even work anymore cuz they removed disk drives from laptops#stupid. stupid.#vut not me. the companies. what even was the point of removing disk drives. making so much data saved on em obsolete#sorry lil bro. your birthday gift has to vhange#not that you know what the gift was#anyways. i reordered one of the two games i cancelled on usb#thank goodness it was available on usb#guys listen. i need reviews.#how is Assassin's Creed Origins#yeah no I didn't use steam. dollar currency is fucking expensive. stupidly so#the online shopping site we all use here have stuff in price range of our country#that is not equivalent to dollar price#which is great. stuff is actually affordable for once#also fun fact. i hate when ppl share a cool thing g sgare the link where to buy it n it's alwayd Amazon or etsy or something#yeah no sorry. u might jot realized how excessively privileged your currency is but im not spending an average person's entire monthly#wage on a oiece of cloth or 2 inch candle#or heaven forbid. the merchandise. there's a reason i have no merchandise.
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★ Help me get on VGen! ★
Hello beloveds, as you may or may not know i offer commissions, and i'd like to try getting on a platform like VGen! I've already had someone ask me if they can commission me from there, but i don't have artist access haha..
VGen is a commissions website for all kinds of artists, with a focus on supporting human artists. It's in open beta, and to get artist access i'll need:
★ 100 likes
★ 5 comments
You can also get on it if an artist with access gifts you a code, so if anyone stumbling upon this post would be so generous my life is in your hands.
My VGen is https://vgen.co/l1f3l.
Thank u o/
#VGenCode#l1f3l's art#l1f3l#vgen#commissions open#art commisions#idk what to tag this as i dont wanna b annoying lol..#12 am here is usually like. 6pm or somethin in america right#its fiiine to post it now#i aint good at soshal media can u tell#The process of gettin on vgen via engagement post is kinda long so if anyone is interested in commissioning me#and thinkin of waitin till i set up vgen. I'm still v much open and i d love to talk to u! my prices r flexible atm#But they start at around 35 pounds/44 dollars ish equivalent#anyway! thats me. i shall go do some work now#wuthering waves#hatsune miku#madoka magica#madoka kaname#seragaki aoba#dmmd#dramatical murder#lamento#asato lamento#konoe lamento
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if a game costs 20 dollars it should be equivalent in quality to 6 undertales. this is perfectly achievable.
if a game costs 40$, it should be equivalent to at least 13 undertales. this is harder to accomplish but well within the power of devs who care.
no game should cost 60$.
#undertale is a very useful metric for game quality i think#for instance: mass effect legendary edition is 9$. that’s equivalent to 3 undertales. just one mass effect game would be worth 3 undertales#and you’re getting all 3. that’s a good price in dollars per undertale.#or lets look at portal. portal is 1 dollar. so is portal 2. that’s the equivalent of 1/3 of an undertale.#but id say portal one IS worth at least 5 maybe 6 undertales. and portal 2 is worth 10 or more undertales.#starfield is 50$. that’s 16 undertales. do you know how many undertales starfield is actually worth? none.#you are now educated in how game pricing works. go out into the world and be prosperous
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I am very much in need of money so I'm reopening commissions for warmers and fluffy tails! Prices are discounted and don't include shipping. Any orders would be greatly appreciated!!
Fluffy tail (including tail belt): $35CAD
Arm warmers: $30CAD
Leg warmers: $45CAD
Set of four warmers: $70CAD
#sasha's stuff#cats the musical#cats cosplay#cats the musical cosplay#cats 1998#keep in mind that the prices are in canadian dollars#70cad is 50usd#I've seen people charge the equivalent of 150cad for a set of four warmers and that seems a bit high
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Me: *barely understands money*
Steam: *transitions from Argentinian Peso to USA Dollar*
Me:
#WHYYYYYYY#WHY ONE DAY BEFORE THE AUTUMN DISCOUNT#NOW I GOTTA FIGURE THIS OUT BEFORE IT ENDS#MY TWO MAIN GAMES ARE AT A +50% DISCOUNT HOLY SHIT#BUT I DON'T UNDERSTAND DO I NEED TO HAVE THE EXACT AMOUNT OF ARG PESOS IN MY ACCOUNT TO WHICH THE DOLLAR PRICE IS EQUIVALENT TO????#WHY DOES THE IVA STILL APPLY????#GHUAAAAAA *newborn cries*#asmo.txt
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Something I don't get is when someone is talking about things being expensive and then some americans are like, it's not actually a scary $125 guys it's actually only $80 which is still a lot but it's actually kinda reasonable for the item
And it's like no!!! It doesn't work like that!!! Just because it costs less in usd doesn't mean the person didn't actually pay that much!!
If you buy a mug for $125aud, and you live in australia, you're paying that in $125aud, not $80aud!! Currency conversion doesn't matter in the slightest for understanding because in practice it is functionally the same as paying $125usd for a mug in america!!
If I earn $15cad/hr, and someone in Poland is earning 15zł/hr, and they bought an item that was like 150zł, me converting that price into Canadian and being like it's actually not that bad bc it's only like $50cad :), it doesn't change the fact that that for them!! It was a lot more!! Like functionally that's the same as $150cad
Functionally 1cad = 1zł = 1aud = 1usd = 100¥
Like the only time currency conversion is useful is for figuring out how far your coin goes when used in another economy, not for understanding if an item is or isn't expensive for a person living in said economy
#op#i dont go on tiktok often but. a few weeks ago there was a thing with this influencer who bought a mug and didnt see the price first and was#shocked to see it was $125 and there was a lotta discourse about it even tho she wasnt really mean about the cup or anything#and there were people in the comments being like oh 80usd that's not as bad as i thought it was (prev thinking it was $125usd)#and i just. aughhhh#gestures wildly at my post#anyway. unless im buying something in another country i just cannot see the point in currency conversion for figuring out if something's#expensive in that currency#like gimme ur min wage/is there a functional equivalent of a dollar/monthly or yearly cost of living#and like yeah it's not perfect but imo its soo much better to understand things#im sure a repeated some things here but whatevs#this is also good for more accurate despair when buying anything in euros/pounds bc it may only be 18£ for them#but comparatively for me id have to spend like £30 😩#currency conversion hell euros are basically double canadian#also if im wrong on any price things do correct me. pretty sure my equivalents are correct but ive only ever lived in canada so :p#rant done now lol#does anything i said make sense? who knows. will i attempt to bury this in reblogs? absolutely!
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i have Just noticed that the film i ruined and the two new films i bought have two different packages... one is fujicolor c200, the other is fujifilm 200. both expire in october next year, so it’s not like one simply has a newer design! i know they’re the exact same thing but still. huh
#also it kills me every time that any of those 'cheap' films are called 'cheap'#the other day i saw an article claiming you can buy them for like 12-19 pln per roll. THIS HAS GOT TO BE AN AI GENERATED ARTICLE BECAUSE WH#can we calm down about film photography for a bit. can we pretend we don't care about film so the prices drop again#i'm payin an equivalent of 13 us dollars for a 'cheap' roll my guys#three bucks more and i'd be able to afford a fucking. CINESTILL 800T and we're talking KODAK GOLD or the aforementioned FUJIFILM C200#found another article claiming one roll of film costs 20-30 pln. *bibi voice* MO... DORI.... TA... I....#shrimp thoughts
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Survival in Gaza is a fight for everyone and everything, not just humans. Every living thing is caught up in this nightmare, from the smallest creatures to the strongest among us. Take this little cat, for instance. She’s from Jabalia refugee camp, Al-Tarens neighborhood, house number 96, sixth street. Yeah, I know her address. She’s one of us, a Palestinian too, sitting alone in the rubble, her fur matted and dusty, with a raw, swollen eye that speaks of all she’s been through. She’s lost her hearing; explosions shake her tiny frame, but she doesn’t even react anymore. And yet, her will to survive? Unbroken.
In so many ways, she’s Gaza in a nutshell. Life here is a brutal, endless test of endurance. The genocide, the bitter cold, the soaring prices that turn basic needs like food, shelter, medicine into unattainable luxuries. These are things my family and countless others can only dream of.
For families in Gaza, survival itself has become a privilege. Nonprofits that once helped have pulled out, forced away by the very forces that keep us oppressed. And the few who stayed? Acting as middlemen, diverting the aid that’s supposed to be for us. Some prioritize their own networks in distributing aid; others resell what little is sent. Some even claim that half of donations get eaten up by "logistics costs." And then there’s aid that supposedly just "never arrives." So, families like mine are left to fend for ourselves, stripped of even the basic dignity that comes with having our needs met.
I look at this little cat, and I’m struck by the fragility of life here. My family’s hanging by a thread, surviving day to day in a world that seems indifferent to everything we’re going through. And yet, like her, we just keep going. Not because we’re strong or resilient, but because, honestly, what other choice do we have?
If this hits home for you, if this little cat’s fight feels like something you understand, please consider helping. Every donation, no matter the amount, goes directly to where it’s needed most. It can mean a bit of warmth, a moment of safety, maybe even a sliver of hope in these times that feel darker than anything.
From a heart that’s been broken too many times, thank you for standing with us.
Vetted and shared by @90-ghost: Link.
Verified and shared by @el-shab-hussein: Link
Listed as number 282 in "The Vetted Gaza Evacuation Fundraiser Spreadsheet" compiled by @el-shab-hussein and @nabulsi : Link
Listed on the Butterfly Effect Project, number 957: Link
Additionally, Al Jazeera News has documented apart of my family's case: Link
If, for some reason, you couldn't donate via GoFundMe, you can donate via PayPal instead.
Please keep the conversion rates in mind when donating through GoFundMe. Every 250 SEK is equivalent to 25 dollars, and 506 SEK equals 50 dollars and so on.
Note: There’s even a raffle for a handmade Palestinian thob if you want to participate : Link
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#help gaza#palestine#free palastine#free palestine#free gaza#humanity#animals#cats of tumblr#pets#dogs#human rights#humanitarian aid#gaza genocide#gaza#palastina#txt#txt post#txt 2024#text
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Seeing the notes on posts about the Burning Man Debacle™ and for fucks sake I am taking the phrase 'eat the rich' away from y'all until you can CORRECTLY IDENTIFY the rich
Rich is 'arrived by way of their private jet', is 'dropped $500k on a submarine ticket', is '$500 is a rounding error'.
'$500 dollars for a nine day event they must all be rich white people' no you reactionary rotten potato that is actually an entirely reasonable price for an entirely normal person to pay for an annual event! $500 over the course of a year is approximately equivalent to one big takeout a month! Being able to afford that doesn't make you rich it makes you probably not poor! The 'rich or poor' narrative is a false dichotomy that completely excludes the fact that 'richness' or 'poorness' is a SCALE! It's not fucking categorical! You don't one day magically flip a switch and go from 'poor' to 'rich' or vice versa you see incremental changes over time! Wealth distribution is a (these days, admittedly, rather wonky) motherfucking BELL CURVE! . The fact that capitalism is driving more and more people to either extreme of said curve is just evidence of a broken system, but it doesn't change the fact that most people should have a decent amount of disposable income!
The fact that many people don't have said disposable income doesn't magically make the ones that do 'rich' it makes everyone else poor. And the people at fault for the massive and growing percentage of people living below the poverty line are not the ones managing to stay above it, it's the fault of the actually rich, the ones stealing our time and our health and our wages and our future in pursuit of a number on a screen. And the rich are the only people you're helping by hating the people struggling slightly less than you.
When it comes time to 'eat the rich' you're going to be murdering dentists and librarians and scientists while the actually rich point and laugh from a safe distance as you solve their problems for them.
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its so cool how lucky i am
#bonk.txt#there are so many things about my life that are completely out of my control#simply because im only 18 so i have no choice but to stick with whatever my mom wants#but also i havent had rude customers at work yet n all my coworkers are so nice n i get paid like two dollars more than minimum wage#in my state so i can just like do shit now ive got money n no bills to deal with yet cause again im just 18#n i can just like do stuff cause there isnt much i want to do n the stuff i do want to do is relatively cheap#im going to the aquarium this week just cause i can the price of admission for the one near me isnt that high#n cause im going by myself i can just take as long as i like looking at stuff n soaking in the atmosphere#like yeah i still cant get a souvenir from the gift shop cause shits still expensive but wow i can just fucking go to the aquarium now#truly i can just do shit now with the limitations of i dont wanna spend more than like 50 dollars per paycheck#cause im saving up to change my name n i wanna be sure i can cover all the expenses but wow i can just do things now#i am probably gonna have to start like buying my own groceries n stuff in like a month or so but for now i dont have to#n can just use like 20 something bucks to go stare at a shark tank for three hours just cause i want to#idk everything kind of like sucks rn n will suck again but also i am just lucky n enjoying the mundane gift of being alive rn#free equivalent of the aquarium is going to the petstore after work n looking at the fishes while i wait for my mom to pick me up#cause i cant drive by myself n will probably not be able to own a car until im like 26 or something#n that is exhilarating in its own way
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yknow the funny part is i saw that it was eligible for substitutions and thought to myself "surely i don't have to specify that i don't want substitutions on this. surely my coworkers are not dumb enough to try and substitute an apple pencil"
well they are and i did need to specify
they SUBSTITUTED my fucking apple pencil??
#ace rambles#rejected the substitution which auto cancelled the order#they tried to substitute the first generation apple pencil i ordered for an apple pencil pro#first of all that's like a 45 dollar price markup wtf are you doing#second of all THEY'RE NOT EQUIVALENT PRODUCTS#I CAN'T USE THE PRO IT'S NOT COMPATIBLE WITH MY IPAD#WHAT'S WRONG WITH YOU PEOPLE??
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DP x DC Prompt
Plot Bunny Inspired by late at night when the nightingale sings by Imshookandbi where Danny is on the run from Vlad and is saved by Batman. Danny tells Batman that they can’t fight in court because Vlad will just overshadow the judge.
However this idea could be utilized in other fics.
————-
Batman hates mind control, especially in his city and towards his friends, Vlad is pretty into mind control and likes to use it all the time. They’re both millionaires, they run in the same circles, Vlad is a problem (whether or not he’s hunting Danny).
WayneTech obtains the Spector deflector plans (could be from Danny, could be they bought them from the Fentons) and decide to start mass producing them inside their tech.
We always see WayneTech phones - I don’t know if a phone would be a good medium for a Spector deflector, could be if you wanted, but surely the Applewatch/fitbit equivalent would be perfect to sneak that bit of tech into. Bruce Wayne is popular so everyone who is anyone with power in Gotham is wearing Waynetech.
Bruce (or Tim, you pick) wouldn’t even have to tell people about ghosts or the possibility of being possessed (avoiding Vlad getting into their plans, or avoiding alerting the GIW, or maybe people just don’t believe in ghosts) they could just make fancy smartwatches (hell WayneTech could buy Rolex and a jewelry company. Put them in earrings and bracelets and necklaces, everything from five dollar Claire’s earrings to 100K$ diamond earrings, hit lots of price points) and slowly but surely cut off Vlad’s ability to possess anyone. So by the time the bats actually have to confront Vlad, they’ve laid all the ground work and Vlad is caught without his signature backup plan. Vlad can’t control them, he can’t control the judges in court, he can’t control the corrupt policeman by force (money works fine though).
I find the idea that Gotham in particular just becomes the unknowing anti-ghost-possession capital of the world due to the proliferation of WayneTech to be very funny. You could also expand to say the Spector deflector works against other/any kind of mind control if you wanted. That might make Bruce/Tim’s desire to use it much stronger.
I also find the idea that Lex Luthor would probably get screwed by Vlad because he wouldn’t deign to wear rival tech also hilarious.
#dpxdc#dc x dp#dp x dc prompt#dc x dp prompt#dp x dc crossover#dc x dp crossover#Vlad masters#vlad plasmius#danny phantom#tim drake#imshookandbi#dcxdp#dp x dc
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HI GUYS! LONG POST, MAKING A BIG ANNOUNCEMENT OVER HERE! I WILL BE ACCEPTING WRITING COMMISSIONS FOR A COUPLE OF MONTHS, DUE TO THE FACT THAT I LIVE IN EXTREME POVERTY… PLEASE REBLOG!!
Here are my commision prices:
1$-2$ —> an SMAU (depends on length)
5$ —> a drabble (around 500 words)
10$ —> a oneshot (around 1000 words)
20$ or more—> a ficlet (2000-4000 words or more)
What fandoms I’m willing to write for (the ones in bold are the ones I’m best at and hyperfixating on):
Attack on Titan
Mr. Love: Queen’s Choice
My Hero Academia
Haikyuu!!
Jujutsu Kaisen
JoJo’s Bizarre Adventure
Moriarty the Patriot
Tokyo Revengers
One Piece
Bungou Stray Dogs
Kuroko no Basket
Ikemen Sengoku
Ikemen Vampire
Ikemen Revolution
Ikemen Prince
Love and Deepspace (my current fav)
How do I request a commission?
Either contact me via my DMs here, or on my Ko-Fi! I’ll be linking my account at the bottom of this post.
What’s the commission format?
Tell me your name or your OC’s name, their gender & pronouns, describe them to me both physically and in terms of personality, then tell me which character you want me to write them with. I’ll be writing “character x reader” or “character x OC” fics, so I need to know what I’m working with! Any extra details will help a lot. Of course, we will discuss everything concerning your commission privately.
If you want to check out my previous works to have a rough idea of how things will look like, be sure to check out my masterlist, which is my pinned post! Of course, my writing improves over time, so it may not be precisely as it is there.
How do I pay you?
You can pay me via my Ko-Fi account, which is linked to my PayPal! Here’s the link to my Ko-Fi.
Please consider helping me out, whether by requesting a commission, or by sharing this post and my links as much as possible!! I’m trying my best to do all I can now that I haven’t got many options left.
As some of you might already know, I’m a dentist, but still at uni. Sadly, studying dentistry is extremely expensive, and I can’t rely on my parents to pay my fees for me for a few reasons.
The first being that my dad is a heart patient, and can’t work anymore. The pension he receives is literally less than the equivalent of 90 dollars. Of course, that doesn’t provide anything in terms of food and living (we usually can only afford a meal or two a day) except for some of his meds—not even all of them. His health is steadily declining.
My mother is extremely narcissistic and very, very abusive. I’ve gone through hell living with her because I have to, but even she can’t even afford to take care of us because no one wants to hire her at her old age, and she’s used up all her savings on my dad.
I’m also physically disabled, and can’t move around often. I also have to have surgeries every now and then because of the chronic illness I have.
I am in serious, dire need of money, both for my tuition fees, and hopefully to be able to live. I have to keep us afloat until I can get married in a couple of years, since I can’t live alone. Besides, my dad doesn’t deserve to suffer with his heart problems.
I tried working with dentistry last year, and that worked for a while, but this year no one’s hiring due to the terrible state of our economy. I have no skills aside from my writing, so that’s what I’ll have to work with. I’m getting seriously desperate, so I hope you guys understand why I’m doing this, and hopefully feel inclined to offer any support you can—even if not financial, but just by reblogging this post!
#ko fi support#help#donations#commission#paypal#attack on titan#my hero academia#mr love queen's choice#haikyuu#jujutsu kaisen#jojo’s bizarre adventure#moriarty the patriot#tokyo revengers#one piece#bungou stray dogs#kuroko no basket#ikemen sengoku#ikemen vampire#ikemen revolution#ikemen prince#love and deepspace#lads#lnds#l&ds#zayne love and deepspace#rafayel love and deepspace#xavier love and deepspace#sylus love and deepspace#fandom#writer
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[ID copied from Alt text: the first photo has the text, "sketch commissions for Gaza." Next to it is a drawing of the artist drawing on their art tablet.
second photo: 4 examples of commission prices and art, modeled by Kim Dokja from Omniscient Reader's Viewpoint in his demon king form. For one dollar: a rough chibi sketch. for 5 to ten dollars: a rough but more detailed sketch. there is more motion in his pose. for 10 to 15 dollars: a cleaner lined sketch with more detail given to the silhouette. for more than 15 dollars: a cleaner sketch with more attention to volume and detail in his outfit and wings. End ID]
For now up until March 10th I'm taking pay what you want sketch commissions for donations to Help Gaza Children, managed by @fairuzfan and Hussam, since from March 4th to the 10th all donations will go to families in Northern Gaza.
Their site is here where you can find more information, like their FAQ, and proof of purchases from donations they've received so far.
You can donate to Help Gaza Children's paypal here. The paypal link is also on their site.
guidelines:
To be upfront, I am a full time college student so expect a two month turnaround. I will give you an update around a month in and again at two months if I don't finish by then.
Please include a visual reference or detailed text description of the character(s) you want drawn, unless I've drawn them before and you're okay with me going with my design.
I can draw OCs, mechs, and furries.
I won't draw real people or anything nsfw.
I reserve the right to refuse a commission and may ask you to choose something else. If you want to know in advance if I'll take it, feel free to DM or send an ask.
Extra characters will be half the price as one character. Please only request up to three characters per category (ex: if you pay $35, you can get 3 characters: 1 for $15 and the other 2 for $10 each. if you pay $6 you can get 3 characters: 1 for $3 and 2 for $1.50 each)
don’t use these for commercial use. personal use (like as icons or headers, or like printing it for yourself) is okay
if you're paying in a currency other than dollars you can let me know and I'll try to adjust the pricing so you get a drawing equivalent to what you paid. I don't want people to pay the equivalent of $20 and get a rough sketch or something.
To get a commission, email me at desklamprey @ gmail.com with a screenshot of the receipt of your donation made after this post was made (3/5/24 at around 2 pm PST), and the details about your request. please censor any personal information in the receipt.
If you have any questions feel free to DM or send an ask!
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so here's the thing
using inflation calculators to try and figure out the value of a given currency amount in today's money, if it was before like the mid-20th century, is basically useless
a lot more went into buying power than that
I discovered this when I plugged the priced of a dressed 1860s French fashion doll, from adverts, into one of those calculators and got a year's wages for a middle-class French worker
and then looked up "Paris doll" on Google Books in the same era (the name for those dolls in English) and they were basically talked about like American Girl dolls are today- expensive, but a middle-class kid might easily still have one as their Very Special Doll. something is Amiss there
don't trust the calculators. try to find a price equivalent within the era for something that has meaning, value-wise, to a modern audience. I can't tell you what a French fashion doll would cost in modern dollars, but they occupied the same economic niche as an American Girl doll, and people can understand that today. a second-class ticket on Titanic cost about 1/32nd as much as a 1912 Sears kit home, so a fraction of the price of a very cheap DIY house- people can probably understand that, too
(edited to fix a bad calculation on my part- my brain is square tonight)
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How the Biden-Harris Economy Left Most Americans Behind
A government spending boom fueled inflation that has crushed real average incomes.
By The Editorial Board -- Wall Street Journal
Kamala Harris plans to roll out her economic priorities in a speech on Friday, though leaks to the press say not to expect much different than the last four years. That’s bad news because the Biden-Harris economic record has left most Americans worse off than they were four years ago. The evidence is indisputable.
President Biden claims that he inherited the worst economy since the Great Depression, but this isn’t close to true. The economy in January 2021 was fast recovering from the pandemic as vaccines rolled out and state lockdowns eased. GDP grew 34.8% in the third quarter of 2020, 4.2% in the fourth, and 5.2% in the first quarter of 2021. By the end of that first quarter, real GDP had returned to its pre-pandemic high. All Mr. Biden had to do was let the recovery unfold.
Instead, Democrats in March 2021 used Covid relief as a pretext to pass $1.9 trillion in new spending. This was more than double Barack Obama’s 2009 spending bonanza. State and local governments were the biggest beneficiaries, receiving $350 billion in direct aid, $122 billion for K-12 schools and $30 billion for mass transit. Insolvent union pension funds received a $86 billion rescue.
The rest was mostly transfer payments to individuals, including a five-month extension of enhanced unemployment benefits, a $3,600 fully refundable child tax credit, $1,400 stimulus payments per person, sweetened Affordable Care Act subsidies, an increased earned income tax credit including for folks who didn’t work, housing subsidies and so much more.
The handouts discouraged the unemployed from returning to work and fueled consumer spending, which was already primed to surge owing to pent-up savings from the Covid lockdowns and spending under Donald Trump. By mid-2021, Americans had $2.3 trillion in “excess savings” relative to pre-pandemic levels—equivalent to roughly 12.5% of disposable income.
So much money chasing too few goods fueled inflation, which was supercharged by the Federal Reserve’s accommodative policy. Historically low mortgage rates drove up housing prices. The White House blamed “corporate greed” for inflation that peaked at 9.1% in June 2022, even as the spending party in Washington continued.
In November 2021, Congress passed a $1 trillion bill full of green pork and more money for states. Then came the $280 billion Chips Act and Mr. Biden’s Green New Deal—aka the Inflation Reduction Act—which Goldman Sachs estimates will cost $1.2 trillion over a decade. Such heaps of government spending have distorted private investment.
While investment in new factories has grown, spending on research and development and new equipment has slowed. Overall private fixed investment has grown at roughly half the rate under Mr. Biden as it did under Mr. Trump. Manufacturing output remains lower than before the pandemic.
Magnifying market misallocations, the Administration conditioned subsidies on businesses advancing its priorities such as paying union-level wages and providing child care to workers. It also boosted food stamps, expanded eligibility for ObamaCare subsidies and waved away hundreds of billions of dollars in student debt. The result: $5.8 trillion in deficits during Mr. Biden’s first three years—about twice as much as during Donald Trump’s—and the highest inflation in four decades.
Prices have increased by nearly 20% since January 2021, compared to 7.8% during the Trump Presidency. Inflation-adjusted average weekly earnings are down 3.9% since Mr. Biden entered office, compared to an increase of 2.6% during Mr. Trump’s first three years. (Real wages increased much more in 2020, but partly owing to statistical artifacts.)
Higher interest rates are finally bringing inflation under control, which is allowing real wages to rise again. But the Federal Reserve had to raise rates higher than it otherwise would have to offset the monetary and fiscal gusher. The higher rates have pushed up mortgage costs for new home buyers.
Three years of inflation and higher interest rates are stretching American pocketbooks, especially for lower income workers. Seriously delinquent auto loans and credit cards are higher than any time since the immediate aftermath of the 2008-09 recession.
Ms. Harris boasts that the economy has added nearly 16 million jobs during the Biden Presidency—compared to about 6.4 million during Mr. Trump’s first three years. But most of these “new” jobs are backfilling losses from the pandemic lockdowns. The U.S. has fewer jobs than it was on track to add before the pandemic.
What’s more, all the Biden-Harris spending has yielded little economic bang for the taxpayer buck. Washington has borrowed more than $400,000 for every additional job added under Mr. Biden compared to Mr. Trump’s first three years. Most new jobs are concentrated in government, healthcare and social assistance—60% of new jobs in the last year.
Administrative agencies are also creating uncertainty by blitzing businesses with costly regulations—for instance, expanding overtime pay, restricting independent contractors, setting stricter emissions limits on power plants and factories, micro-managing broadband buildout and requiring CO2 emissions calculations in environmental reviews.
The economy is still expanding, but business investment has slowed. And although the affluent are doing relatively well because of buoyant asset prices, surveys show that most Americans feel financially insecure. Thus another political paradox of the Biden-Harris years: Socioeconomic disparities have increased.
Ms. Harris is promising the same economic policies with a shinier countenance. Don’t expect better results.
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