Bobby

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Bobby

Bobby

@Bobbythirdway

legislative affairs

Los Angeles Katılım Şubat 2014
1.6K Takip Edilen2.5K Takipçiler
Bobby
Bobby@Bobbythirdway·
Real wages are fake because CPI is fake. Also, all of these people were 100% wrong about the "vibecession" too. According to the Fed's December 2025 revisions, US Industrial production was revised downward into a recession during Biden.
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Hunter📈🌈📊@StatisticUrban

Economically, Americans just are not doing particularly badly right now. Real wages, controlling for inflation, have grown for nearly all deciles in recent years. The only exception is the very lowest decile, solely in 2025, in large part due to Trump's tariffs.

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Bobby
Bobby@Bobbythirdway·
@woke8yearold I said housing prices are a problem, and I agree that NIMBYism drives scarcity. But I frankly don’t understand your argument for NIMBYism being the primary factor for price increases when gold bullion has kept pace with it.
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Aleph
Aleph@woke8yearold·
@Bobbythirdway That’s not exponential and you can see a huge increase before that as well. Not sure why you’re opposed to the idea that housing prices are a problem, but you are wrong
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Bobby
Bobby@Bobbythirdway·
@woke8yearold This is not “consistent” — this shows exponential growth since 2008, which is when QE and the money printer got rolling.
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Aleph
Aleph@woke8yearold·
@Bobbythirdway It’s been increasing fairly consistently for decades due to NIMBYism, with a slight downturn after the 2008 financial crisis. Not sure what you mean
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Bobby
Bobby@Bobbythirdway·
@woke8yearold You’re talking about subsidizing demand, but I’m talking about *not actively suppressing wages through immigration policy* These are two completely different things.
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Aleph@woke8yearold·
Suppose that workers had higher wages. If the supply of housing remains constrained then it would just increase demand and bidding wars, causing prices to increase because the market is unable to adjust. Smaller versions of this happen whenever governments subsidize demand to “address” the housing crisis
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Bobby
Bobby@Bobbythirdway·
@woke8yearold But it was more affordable relative to income before — you just posted a graph showing so!
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Aleph
Aleph@woke8yearold·
Because it was pretty unaffordable relative to income before, especially in productive areas with jobs, and unlike gold or shares in nvidia markets can create more of it fairly easily. It’s the combination of strict limits on supply with money to bid up the price that is so toxic. If markets could just respond then housing would becomes much cheaper. This would create its own economic problems due to how many Americans have most of their net worth in their house, but it’s the actual reason this is happening.
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Bobby
Bobby@Bobbythirdway·
@woke8yearold NIMBYism is clearly not the primary driver if everything is going to the moon at the same time, at almost the same rate!
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Bobby
Bobby@Bobbythirdway·
@woke8yearold Why is that not the reason housing is unaffordable? If money printing is driving safe haven assets up in such a way, that they are keeping pace with one another, then that is precisely why housing is unaffordable?
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Bobby
Bobby@Bobbythirdway·
@woke8yearold The median home price/gold ratio is the same as it was in 1980. To my knowledge, there has been no NIMBY movement is gold bullion, but the same quantity purchases the same amount of house (which, as you say, is severely constrained by supply).
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Aleph
Aleph@woke8yearold·
This is honestly not right at all. For the past several decades the US had made it much harder to build housing by increasing the number of veto points, which means we don’t add new supply. In places that have built a lot of housing recently like Austin the prices have stabilized or decreased. Whether you think the dollar is being devalued via money printing or some other mechanism is orthogonal to this basic reality of the built environment.
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Bobby
Bobby@Bobbythirdway·
Most globe emoji libs won't acknowledge the existence of QE or money printing because it's embarrassing. You have to corner them outside of a public setting, and even then, it's 50/50. This country is a fucking joke, and they can't bear to come to terms with it.
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Bobby retweetledi
austerity is theft
austerity is theft@wideofthepost·
that is explicitly the argument
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Bobby
Bobby@Bobbythirdway·
"But we're not in a recession" That's right, the US government will never allow a "recession" ever again. Money printing is the only card left, and they are playing it.
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Bobby retweetledi
Bennett's Phylactery
Bennett's Phylactery@extradeadjcb·
Hey these charts looks a lot like the returns from holding gold & silver Did gold & silver get 10x more useful in this time period? Or is the country maybe getting fucking looted, & unremarkable diversity suits are getting their bags pumped by the Federal Reserve
Bennett's Phylactery tweet mediaBennett's Phylactery tweet media
Alec Stapp@AlecStapp

People in the replies pushing back that “Satya Nadella, Sundar Pichai & Sanjay Mehrotra didn’t found their companies.” True… they’ve all only just >10x’d the value the their companies since taking over as CEO. Creating massive wealth & prosperity for Americans in the process.

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Bobby
Bobby@Bobbythirdway·
At a certain point, you will get the leftist to admit that pro-worker policies are bad if the workers are white. The whole ideology collapses on itself when you poke and prod it a little bit.
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Bobby
Bobby@Bobbythirdway·
“Le capitalists WANT YOU TO HATE IMMIGRANTS” “The capitalists support more immigration. They just replaced you with Ranjeet — you are unemployed now.” “NO”
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Bobby
Bobby@Bobbythirdway·
Leftists are the official political ally of megacorporations because leftists enjoy immigrants more than wage increases. Self-described communists become irate when you suggest that visa programs suppress wages -- they are fully captured.
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Bobby
Bobby@Bobbythirdway·
@Makeshifts98 @lambdanthony Yes, and they do. But they're different. And you have to pretend they're very different, or else they get very upset.
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Bobby
Bobby@Bobbythirdway·
ZIR!!!!!!! He’s a social democrat, not a democratic socialist. You are a LIAR.
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Λnthony✌🏻@lambdanthony

@Bobbythirdway You called him a ‘democratic socialist’, even though he’s never claimed to be a democratic socialist and openly identifies as a liberal. Your post is just an objective lie.

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Keşfet

@woke8yearold @elonmusk @BarackObama @taylorswift13 @cristiano @BillGates @NASA @nikifrancismediavine