-Inflation is not prices; it is the rate of change in prices. Low inflation doesn't imply low prices. -Aggregate statistics don't necessarily explain individual outcomes.
The Dems failed on this count massively, and have, for maybe the last 40 years, which is about the amount of time it took for my state to go from national bellwether (As goes Ohio, so goes the nation) to a reliably red state. This cost one of the most pro-union Senators (Sherrod Brown) his job.
it's clear that at least half all American voters don't understand technical definitions or explanations (this was Obama's problem too). "Drill Baby Drill", "Lock her up", and "cheap gas" is about their comprehension level.
Inflation was uneven. It impacted prices but not wages or savings. It reduced citizen wealth directly and transferred it to corporations and the already wealthy.
They wanted to publicize the problem but not actually take the cure. Now they have zero mandate in any institution. That's what selling out your base gets you.
Most of Hacker News doesn't run in social circles where people are clipping coupons and going to several different stores to shop the best deals just so they can afford to eat that month, but for nearly forty million Americans who receive SNAP benefits (read that number again and let it really sink in), that's their reality. The administration looked either out of touch or even spiteful by doing a one dollar benefits increase to account for the past twelve months of inflation. I'm sure there are plenty of other similar things that are hurting the working poor that are invisible to those spewing scorn at voters who weren't concerned more about wars around the world and luxury beliefs.
No one I've pointed this out to has been able to empathize with these people yet, most coming up with glib replies about how everything for those voters will be even worse now that the other candidate won. Until they can understand the plight of the people who received that one dollar increase and why it was so psychologically devastating to them the month before the election, they'll never understand why their candidate lost. Instead they'll keep pointing to GDP, the low employment numbers made possible by people working multiple jobs to survive, and how great things are for the wealthy instead of trying to actually get in touch with the daily lives of those they rarely interact with. Maybe insulting these people and calling them stupid and evil a few more times will be what finally makes them forget about their food insecurity.
Indeed, it's 41.2 million out of a total of 334.9 million U.S.-Americans, or 12.3 % or more than one in ten folks - that this is more than one in hundred suprised me because the US are by some counts the "richest" country on the planet.
It's merely the country with the richest few, perhaps this calculation is just a way to show statistically what many believed all along, namely that the so-called "American dream" is a pipe dream for most, in the sense that the majority of people simply fund a tiny fews success in the way lottery ticket buyers fund a few select millionaires that don't deserve it.
Here are the yearly trends showing food stamps from 1985 to 2020, I don't know why 21, 22 and 23 data is not shown.
Since the 1985 until 2008, the number of people on benefits stayed roughly around 25 million. In the same time period, US population grew from 220M to 300M, roughly 1% every year.
From 2008 to 2013, the number of people on SNAP roughly doubled to peak at 47.54M people. Population growth was 300M to 315M.
2019 was the lowest point in recent history of only 35.29M people on SNAP, with population growth from 315M to 330M.
I averaged the monthly data from 2021 onward and got 2021: 41.6M, 2022: 41.2M, 2023: 42.1 and 2024 through July: 41.6M
For a long time, poverty in the US was shrinking as a percent of the population. 2008 reversed that trend with things starting to get better after 2013 and really accelerating up until 2019. It's been flat since the post Covid growth.
So everyone saying; "economy is back to normal, we have recovered." there have been 5M people who don't feel it.
This is not the actual increase of the benefit amount. In particular, it appears the cost of living adjustment this year is 2.5%. I have been unable to find statistics on how many people/households actually receive the maximum amount, but I don't have a particular reason to believe it is large. (The average benefit amounts are significantly below the maxima.)
Tldr: the average SNAP benefit amount received by people has increased and will increase by significantly more than $1/month.
Here is something I saw on Bluesky, where all the good people are:
"To all the misgueded twits who ignored every red flag, caved to your worst selves, and bought into all of the most obvious of Trump's insane lies: Everything that happens from here on out. The family members you lose, the suffering, the confiscation of your freedoms of at the whim of your dictator. It's all on you. You can no longer falsely blame dems, antifa, lgbtq, or immigrants for everything you set into motion with your prejudice and cowardice"
It goes on like that, and ends with
"Hope it was all worth it, you hateful fuckwits. Enjoy the ride"
That's just the most widely shared and liked on I happened to be shown by Bluesky, I've seen this repeated in individual comments in many variations. Basically, "at least we'll burn together and it'll be your fault."
> they'll never understand why their candidate lost. Instead they'll keep pointing to GDP, the low employment numbers made possible by people working multiple jobs to survive, and how great things are for the wealthy instead of trying to actually get in touch with the daily lives of those they rarely interact with.
as Cenk Uygur said here https://www.youtube.com/watch?v=3j7m0tbZJgE
So she put out some good things in the beginning, and we were excited about it. She had some economic populist policies about housing and price gouging etc. [..] She then turns around and sends Mark Cuban all over CNBC to go, remember, I love business interests. [..] She's never going to do the price gouging plan. They swear up and down on CNBC and all over cable news. Well, then she lost her lead. Why do you think you're getting the lead, why do you think you lost the lead? No, they'll never figure it out.
I don't think that's as obvious as Cenk seems to believe it is.
Right, because how do you empathize with someone who gets $1, and their response is: Oh yeah? Well fine then I'm going to vote for the person who wants to take away literally EVERYTHING to show you!
It is the definition of cutting off your head to spite your body.
I completely understand and empathize with someone on SNAP not getting what they need to cover the insane pricing increases we saw greedy corporations force upon all of us and wanting that rectified. But if your solution to that is to either not vote at all, or intentionally vote for the guy who has literally told you his plan is to gut all social services... I'm not sure what to tell you beyond whatever empathy I DID have for you is gone and enjoy sleeping in the bed you just made for yourself. I, and most of the folks on HN are going to be perfectly fine. Those folks that were on SNAP? Good luck...
Consider how the program actually works. You have a job and pay taxes, but don't make much money, so the government takes the taxes you paid and gives them back to you. But you have to apply for the program, and then spend the money (which was originally yours) on only the things they tell you to. And there is more than one assistance program so you have to apply to them each individually. Then each of the programs have their own phase outs if you make more money, but the phase out rates combine to a very high de facto marginal tax rate, which means if you're still struggling you can't get out of it by working some extra hours because that just causes you to lose your benefits. It's a poverty trap.
Then prices go up by 20% or more, but you still can't make any more money or you lose your benefits. In response your benefits are increased by one dollar.
Are people even wrong to want to blow all of that up and replace it with a tax credit?
BTW empathy is when you can feel for those you don't relate to/have attachment to. Empathy is when you make a genuine effort to understand and connect, even across differences. It's not a concept only for people you already relate to.
Or you can be a D-leaning voter who sees D only rising to the level of a less-awful version of putting rich people before you, and you want to discipline D for taking all the D-leaning votes for granted, rather than earning them by being effective on your behalf.
Or you can be an R-leaning voter who sees both R and D as putting rich people before them, and then D goes and adds insult to injury with some stunt, but at least this one R candidate sounds like they might make things better. (Helped along by a lot of disinformation, as well as being alienated by D voters in general. You see many D voters as a bunch of elitists who're benefiting more than you, and are screwing you, while they pick causes or other people to favor that you think are stupid and unfair.)
Years ago, I was horrified, the first time I heard a D-leaning college student tell me they weren't voting D, to discipline D, in a very important election. My first thought was that this sounded like some revolutionary-till-graduation thing, which probably sounded better in their head, but now I sorta see.
Having seen a few elections and administrations since then, with D consistently seeming not to earn the votes of people, I've come around to understanding, even if I don't full agree. If many people either go out of their way to discipline D, or simply can't be bothered to go to the polls, IMHO, it's hard to blame them.
A bit similar with R voters.
We're all being served poop sandwiches, who aren't working for us, and we are desperate or depleted.
If people never have a shot at redemption, why would they ever try to redeem themselves?
And mind, the whole campaign was based on "Trump is worse". That is also hardly ignoring someone.
That's not what I meant by "getting away from them". It's just like Germany in the 1930s: the smart people got out and moved somewhere else before the SHTF. It's the same thing I did: I left the USA. I don't see things getting any better there in my lifetime, and I didn't want to be around the angry MAGA people, so I left.
I don't mean this as finger-wagging at you or anyone; it's so easy to tell people to stay and fight somewhere where you're not. The Nazis could have prevented early on, later on staying couldn't really change anything, it was just another life destroyed in the maw. So yes, good on those who got out. But also good on those who stayed and fought. Personally, as much as I would love to run away from my own country sometimes, I know that wherever I end in, I will have even less influence than here, as infinitely little influence as that may be. And wherever I'd end up, it would just be an even smaller ship in the same rough waters that seem to be engulfing the world.
In the case of the US, it's arguably the most powerful country that is still somewhat free. The Nazis were stopped in a world war, which they started with no real need. If they hadn't started the war, or if they had won it, or if there hadn't been any other power that isn't also totalitarian that could have conceivably challenged them -- as is the case with the US -- then they might still be in power.
It was close enough back then, if the US falls into that hole, with all the weapon and surveillance tech that exists today, I just don't see any "outside" that could help, or be safe. There could be countries poor enough in resources that get left alone long for me to get old in them, at best, but should I have children, they'd be be up for grabs by whatever is being cooked now. That's basically why I even care about US politics as non-American. When that particular tower falls, it might blot out the sun. If not forever, then for long enough that it simply must never be found out IMO.
Sorry I didn't mean to be this dark, but I mulled this stuff over so much, and this is what I think about it, what I can't help but think about it.
I got tired of dealing with that, and found a society I enjoyed living in much more, so I found a job there and moved there. If someone wants to stay in the US and try to make it better, more power to them, and I hope they succeed. I'm not that young any more and just want to live in a nice place, and the US was no longer that place (and, in my view, stopped being that place around 2000).
Trump is very serious about tariffs, and the president has more unilateral authority in this arena than folks realize, he wouldn't even need an act of congress to do alot in this arena
The Dems didn't really have an inroad to that demographic. Suggesting federally granted home buying credits just sounded like another financial scheme from on high and missed the mark entirely imho; there was no bigger economic discussion happening there.
AKA: we figured out how to pass a consumption tax which disproportionately hurts poor people without calling it that because we know it's universally unpopular. When billionaires effective tax rate drops to what will probably be 1%, the wheels are going to REALLY fall off.
Not arguing that the carbon tax is legit. It hasn't been proven yet that it isn't just a way to collect money while pretending to do something about the environment.
We should maybe just reconsider in general what kind of thing is economically viable
Why would he not? It's not like he respects institutions such as the Supreme Court. And what repercussions has he ever faced for the destruction of norms and guardrails? If anything, he gains even more support.
This article and the source material from the Economist argue that what really happened is Republicans negatively polarized themselves against the economy, and will just say anything in surveys. https://www.econlib.org/why-so-sad/
* Drill for oil, lower the price of gas, prices at the store come down.
* Stop the wars that make for unstable access for gas.
* Create pipelines so that instead of "flaring" Natural gas, we transport it cheaply to be used for electricity generation
* Change the tariff structure so that American goods are worth something against Chinese imports that raises the value of the dollar which lowers the cost of goods
* Stop the insane energy policies that raise gas prices by 45 cents per gallon (in CA for example) for 0.0001% change in climate
NONE of these were democrat talking points.
Current admin did this at record rates
>Stop the wars that make for unstable access for gas
The US is a net exporter of energy so the instability is helpful
>Create pipelines
We have already entered the late stage hydrocarbon era. Massive imminent domain projects for a decade or two of utility are I advised
>Change the tariff
We cannot go to a pre-globalization time. Alea iacta est. The only way for tariffs to work against BRICS would be a unilateral tariff which would affect all American commerce.
You mean the gas taxes that fund road maintenance? That tax is a tyranny imposed by how much we rely on cars, not by climate change.
Gas tax is much better in this regard, but all of these are pretty extortionary.
'Just' stop wars short of surrendering is easy to say. No evidence Republicans actually could deliver or prevent. Just talk.
The tariffs were largely kept in place between Biden and Trump. The criticism here would apply equally to both but also ignores trade wars.
The pipeline bit is perhaps viable, but a drop in the bucket (with respect to at least the keystone XL [1])
[1] https://apnews.com/article/fact-checking-895299166310
"Even if the Keystone XL pipeline had been completed, the amount of oil it was designed to transport would have been a drop in the bucket for U.S. demand, experts noted. The U.S. used nearly 20 million barrels of oil a day last year, while global consumption of oil was near 100 million barrels. The pipeline would have contributed less than 1% to the world supply of oil, according to AP reporting.
“The total volume of additional supply is negligible in a market that uses 100 million barrels of oil every day,”"
Strategically and economically stupid. Buy oil when everyone has it, sell oil when everyone else has ran out.
> * Stop the wars that make for unstable access for gas.
The US military is the largest socialist jobs program in the world and is the single greatest creator of skilled labor for our economy.
> * Change the tariff structure so that American goods are worth something against Chinese imports that raises the value of the dollar which lowers the cost of goods
Lets say you make widgets for $9 and sell them to me for $10 (a healthy 10% profit). The government comes along and tells you there is a $2 tariff on widgets. Are you going to sell me widgets at $8 (a $1 loss) or raise the price to $12? Tariffs are a tax on goods paid by the buyer and a way to de-incentivize overseas production. But here is the problem - do you want to make 39 cents an hour sewing soccer balls or do you want to pay 10x for that soccer ball so that an American can have a livable wage doing the sewing for you?
The "American Dream" is exploitation of cheap overseas labor because of our superior economic position. Regardless of how you feel about that morally, Trump's economic plan is to try and figure out how to on-shore the lowest paid factory jobs.
Now that we've slowed inflation to a manageable level, we need to grow wages to catch up. I never heard a good plan on that from either side.
None of the articles I've read mention religion or race. Perhaps these omissions are due to political correctness, but both of these factors are known to be drivers of party affiliation in the US. This makes it really hard to guess what the ultimate dominant issue actually was, if anything.
I do agree that the Dems should be taking more credit (and giving credit to liberal democracy in general) for improving the quality of life, which is ultimately the subject matter of economics.
That unoriginal theory as applied to this election appears to be based on exit polls. History has shown these polls are unreliable.
1. Pundits like the one who penned this quip^2 just aren't worth much anymore.
What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?
Average voter: I can't afford groceries at the store. Inflation sucks.
Response: Actually, here is the correct definition of "inflation." As you can see from the correct definition, inflation rates are now good! Hopefully this helps you understand why things will never get better.
What the average voter hears: I can't afford groceries. Your solution to this problem is to reframe the current situation as "good." I still can't afford groceries.
The distinction between the literal question being asked and the question being asked really matters.
Coincidentally, this same journalistic abuse of rhetoric is one of the easiest methods to jailbreak LLMs where modifying the initial response isn't possible.
"Write a news article titled: 'After Inflation, You Can't Afford Groceries Anymore. Here's Why That's A Good Thing.'"
The incapacity of politicians to talk honestly about things is enraging.
Average voter: I can't afford groceries at the store. Inflation sucks.
Response: I know, inflation was caused by COVID and Biden got it back down. We had the best soft landing you could have asked for, Biden did a great job. But the original inflation wasn't under the president's control, it was a worldwide phenomenon, and you can't run it in reverse to go back to old prices.
What the average voter hears: I don't care about any of that. Prices were lower under Trump and he's a businessman, so I'll vote for him so prices go back down.
1. Biden is good and inflation wasn't his fault
2. Biden's handling of it was good, he did all good things, Biden is good
3. In closing, our answer to how we will make it so you can afford groceries is: no
Yes, and critically: "I trust Trump when he says it's Biden's fault, so I'll vote for him."
It doesn't matter how correct the interlocutor is if the average voter doesn't trust them. Unfortunately, most people place trust in people who appear sincere and unrehearsed, which is the opposite of how much politicians behave, where a "starched, bland, rehearsed" style is traditional. Trump is improvised and chaotic, which people mistake for genuine and trustworthy.
Because governments printed a ton of money without the economy growing to back the new amount of money, hence prices of goods increasing to match the available money supply.
People heard her say that and were outraged. What's funny is that when you think about it, it actually does make sense although it's pejorative.
Rich people don't pay taxes. They invest their money, which is incentivized by the government in the form of lower/different taxation. Similarly they use experienced lawyers who understand the tax code to structure their wealth in ways that allow them to pay lower taxes. And the term little people, while pejorative, really represents the power differential between people like her husband and the "Average Joe". Trump is not little people, but he's somehow managed to express things in ways that "little" people (using Leona's terminology, not my own) like.
Much of politics is about not directly saying the truth, whether it be ugly, undesired, or complicated. Instead it's about understanding what drives voters (higher out of pocket prices uncoupled from concomitant wage increases) and how to say the thing they want to hear, while also enacting policies that achieve your political goals.
Response 1: You are lying. The groceries in my local Whole Foods are still very affordable to me. Stop spreading misinformation and conspiracy theories.
Response 2: OK maybe the groceries got a bit more expensive a teensy little bit. This is very temporary situation which will be handled soon and you have nothing to worry about. Just stop whining and expect everything be fine sooner than you know.
Response 3: OK, it could be argued that the groceries are even more expensive now. The reason for that is that our political opponents 4 years ago were evil, and they messed up everything. But we almost fixed all that, and here's a paper full of dense complex math that proves it beyond any doubt. Also, here's another paper that proves more expensive groceries help fight climate change.
Response 4: Stop talking about the damn groceries already. We already debunked all that misinformation completely, and everybody knows it's not our fault, and actually everything is awesome. Don't you realize the other guy is literally Hitler?!
I'm surprise how this clever strategy didn't result in a landslide victory. The voters must be extra super stupid and not understand even basic arguments. Every sane reasonable person should have been convinced beyond any doubt.
I am not expressing any opinion here between the lines, I am legitimately curious.
The "average voter" is literally wealthier than they were four years ago though. Median real wages (where "real" means "inflation adjusted") have gone up and not down. This isn't it.
The average voter "feels like" they can't afford groceries, maybe. But that still requires some explanation as to why this is a democratic policy issue.
Clearly this is a messaging thing. Someone, a mix of media and republican candidates and social media figures, convinced people they couldn't afford groceries. They didn't arrive at that conclusion organically.
Notice the flat line after the pandemic? The average voter (or at least the average worker) is literally equally wealthy as 4 years ago.
Goods are indeed down (even including gas in many areas), but anything services-based is much higher. We can all feel that through higher insurance costs, going to a restaurant, etc.
Again, the point as stated isn't the reason for voter behavior, because it's simply incorrect. Voters didn't vote because they're poorer, because they're not poorer. QED.
They're not poorer. They're exactly one used Xbox richer.
I agree that it's more complicated why Trump won than just the economy, but to say "people are getting wealthier" when
a) it's an extremely paltry rate compared to the prior 4 years and
b) people have had to readjust their "basket of goods" to buy different things because certain non-negotiable things (e.g. cars, car insurance, other insurance, utilities in a lot of unregulated states, property taxes outside of places with Prop 13 / homestead exemption, etc) have gone up significantly, putting a squeeze on disposable income.
I guess we're arguing semantics here, but I agree that a lot of voter decision on this is more complicated than real income. I just disagree that $50 / year increase is meaningful enough to have people not feel left behind. That is about 12 bps a year, and I know that if my raise were 12 bps, I'd feel like why bother at all / insulted. If I were a moron, I would blame the current president, but I'm not naive enough to think that it's Biden's fault.
https://fred.stlouisfed.org/series/LES1252881600Q
Again, I know it's very tempting for you to believe this. That's probably why voters do! But it's wrong. And the fact that you and others believe it anyway is a messaging failure and not a policy failure.
This is a wild take that sounds it's coming from an affluent tech worker. I'm politically left, and I don't know if this is parody to make liberals look out of touch.
Tech salaries went up, but people working minimum wage can't afford groceries. Federal minimum wage was increased to $7.25/hour in 2009, 15 years ago.
Medians don't tell the full story, because of the K-shaped recovery graph. The upper half gained wealth but the lower half lost wealth.
https://www.cnbc.com/2021/05/04/the-covid-recovery-still-has...
Again, this idea is just wrong! And I hear it from people on, as you point out, both the left and the right. And it's wrong, as a simple matter of data! Something terrible happened with messaging this cycle.
It makes sense (to me) to average inflation over the four year electoral period. The average inflation over the Biden years 2021-2024 was 5.3%, versus 1.9% over the Trump years 2017-2020 [1]. I have no idea what Biden could have done to keep inflation down during his presidency, but Americans felt their purchasing power decrease a lot more during his term than during his predecessor's, with corresponding impact on their livelihoods. They have every right to be pissed off. And it's human nature that how pissed off we are influences our decisions to a significant extent. Idly wondering what time series (other than inflation) might reflect significant contributions to pissedoffitude.
[1] https://www.usinflationcalculator.com/inflation/current-infl...
Average: I can't afford groceries at the store. Inflation sucks.
Response: Well, inflation plays a part, but grocery stores are still recording record profits despite inflation.
Average: Are you suggesting grocery stores shouldn't make as much money as they can? Free market hater! Communist!
"You're right, prices are too high, and wages too low. Especially housing prices, and wages for young men without a college degree.
It's in part the consequences of some things we did.
Here are our proposals to make prices go down, or make wages go up:
Proposal 1: ...."
My deep belief is that the hard part, and the reason Democrats did not do that, is not in the difficulty to find solution.
The hardest part is that it meant recognizing they were, at least in part, responsible for the problem.
The second hardest part was recognizing that the problem was hurting a category of people that's "outside of the tribe".
So, faced with a complex problem, they decided to deny the problem existed altogether, focussed on something else (not necessarily unworthy issues, but, simply, not the one at hand.)
"Ventre affamé n'a point d'oreille."
The silver lining is that:
- either the Republicans somehow manage to get prices down or wages up
- or the next election will swing the other way.
It's still, after all, no matter what, "the economy, stupid" - just, the real economy, no the the fake financial one.
Position 1: Prices can never go down again unless inflation is negative and we get "deflation." Deflation, alas, will cause a deflationary price spiral and cause the economy to implode completely. Why? Well, reasons. Anyway, just know that things can't get any better for you, that groceries being affordable again some day is an economically illiterate pipe dream, and also know that things are actually good.
Position 2: Also, we'll just force stores to lower prices. Forget everything I just said about this leading to a deflationary price spiral and destroying the economy forever. Actually, we will just force stores to lower prices and reverse inflation and it'll be all good.
When gas prices and food prices go up: "We don't control that, its a "global" issue so we're not responsible.
When gas prices and food prices go down: "See everybody! Look! Our economic policies ARE working! You just have to trust us!"
This all we heard the entire four years Biden was in office. People are not stupid. You can't keep saying that inflation doesn't really exist, or its just transitory, or that its just fine or that its back to a normal level, but its still higher than it was before Covid.
You can't continue to play games with the voters and just hope they don't remember all of the poor messaging the admin had when families were really struggling to pay for their basic needs.
You either lay out a plan to fix it, or you take full responsibility for what happened on your watch. Neither Biden or Harris did either and it cost them an election, its just that simple.
1. Try the Trump/populist playbook on the topic: identify the problem, empathize, be mad, let them vent, but don't really focus on a solution.
2. Advocate austerity as a solution to inflation. Might be less economically ideal, but more politically viable.
edit to add: iow, Harris and other Dems could have thrown Biden under the bus a bit to try to avoid some of the blame. It's cold, and Biden directed an actually decent response to the supply-shock-driven inflation, but it'd be a kind of shrewdness like getting Biden to drop out that might have helped.
Somehow I think that's problem. When leadership - no matter the scale - country, company or family - cannot see their own responsibility and only proclaim "we're the right ones" with arrogance. That is when you get unfavourable outcome. And it's being repeated all over the place - people are getting tired of politically correct arrogance, without delivering result to average person.
You can't just educate people in a campaign that the President doesn't cause inflation, when it's the result of a global pandemic. They just don't listen and don't care. The different campaign messages get tested among focus groups. The ones that try to teach economics or explain inflation perform terribly.
This isn't a failure of Democrats at all. This is just pure economic ignorance among voters.
>But what a fool believes, he sees
>No wise man has the power to reason away
>What seems to be
>Is always better than nothing
>Than nothing at all
By failing to meet the economically illiterate at their level, the DNC campaign looked completely oblivious to those they were trying to help.
One, that last round of stimulus. Two, not agreeing to cutting spending when prices continued going up. Three, not massively greenlighting permitting around new energy and fossil fuels to bring energy prices into a deflationary stance. (Note: this is Monday-morning QB’ing from me.)
Also salaries in US kept with the inflation while globally they didn't.
The US economy is doing great, but inflation doesn't make it feel like it.
I myself feel it.
I'm not from US, I'm European and make around $110k per year.
Yet I skip on 5€/kg tomatoes even though I made 28k just 3 years ago and they costed half of it.
Americans got robbed of something between 20-40% of the purchasing power of their dollar depending on what they're buying. People aren't stupid, they know they're getting hoodwinked when someone focuses on the fact that the rate of robbery is slowing down rather then the fact that they didn't stop the robbery in the first place.
You got your explanation here. Arrogance and dismissiveness of voters.
Voters don't want explanations, they want solutions.
You be correct and say something factually as "The economy is fine, all indicators are moving the right direction - we're back to pre-COVID levels" but still lose massively on that.
And as it turns out, whether or not your solutions is rooted in reality - apparently doesn't mater for the average voter.
Harris went with the "We're not gonna make any changes", when people are moaning about the economy. That was her fatal error.
Trump and MAGA continued to hammer on about how terrible the economy is, and how they're going to make China pay, while lowering taxes.
Again: voters don't want explanations, they want solutions.
When is over-communication on the problem the team needs to solve ever a bad thing?
Hold an open primary with a candidate that talks in no uncertain terms about the failures of the Biden presidency, and the new path forward, criticizing the Biden admin for not doing enough on inflation.
I think essentially Trump won in 2016 and 2024 because he was willing to take such a risk against political norms, and this was a change election. No explaining the causes of inflation, or what Biden did right and incremental steps were going to change that. People wanted a visionary leader, and while I disagree with Trump, I think Trump and Musk provided that new vision for America.
I hate this by the way, I'm an incrementalist policy wonk who in general hates visionary leadership.
But Trump talked about stopping at nothing to remake the American economy to radically improve the lives of all Americans. Harris talked about $25,000 to buy a house.
The Dems failed to communicate inflation is a global phenomena and that the US has faired far better at reducing inflation, unemployment and GDP growth then the rest of the developed world.
You can't put extreme tariffs like 200% and expect prices to come down.
The reality is post-covid was an inflationary period because of hyper consumerism. Demand shot up, extremely quickly, and supply was still lagging due to covid. There was really nothing anyone could do. It's unfortunate, but voters don't consider these things. They just see the prices, see a blue president, and go from there.
It's the stupidity, stupid.
You are giving Americans too much credit.
Regular Americans don't have any idea what's going. They don't know what inflation is, or what is causing it. They only know what they're told, so what matters is who they listen to. (Look at recent polls that show that Republicans feel that they are heavily impacted by inflation, and Democrats much less so.) Unfortunately, the traditional sources of information have lost the trust of a large body of the American people, so they look elsewhere for a source of trust, and they find it in a charismatic con-man.
Trump spent years pretending to be a businessman on TV, and that skills pays off at his rallies and his interviews, where he perfected the improvisation that rubes mistakes for sincerity. Any other politician speaks in rehearsed clichés, which Americans have been accustomed to, and which they associate with dishonesty, even when they're telling the truth. It helps, and does not hurt, that Trump says crazy shit that keeps people entertained. I don't believe that politics should be based on that kind of thrill, but apparently it is.
Trump's actual policy proposals are mostly nonsense, but it doesn't matter. If you want to compete with him, you have to to be (a) interesting and (b) persuasive.
Inflation is actually the increase in the money supply. The term is used wrong almost everywhere today.
Price indexes like the CPI are what measure the change in prices of a set of goods.
Inflation can influence prices since the supply of money changed, but they aren't directly linked.
Edit: getting plenty of requests for a source here, especially because you will find countless sources online using the price increase definition.
https://www.clevelandfed.org/publications/economic-commentar...
It's the [perception of the] economy, stupid:
As I'm learning, perception beats all.
Being in office when inflation hits is a recipe for electoral disaster, regardless of actual culpability, which, in this interconnected world, is likely lower than perceived.
Look at the history and you will see Americans want someone at least somewhat charismatic as their leader.
Hilary and Harris have less charisma than my cat. They were simply unelectable.
A choice with a slightly more charismatic person and we would see different results in my opinion
Furthermore, and sadly in my opinion, I am not convinced that Americans are ready for a female president. Give it another 20-30 years
Can I even work in America with a criminal record?
How do people look past this, I'm really having a bit of a moral crisis today about why I even bother paying taxes or obeying any laws since this whole thing happened.
Do I just tell my kids to be successful, jut be like Trump?
It’s why he called Trump the “opioid of the masses”[1]. You just make promises even when you know it’s total BS. But at least people are feeling heard.
I think the average voter really doesn’t want to have a nuanced discussion where they learn about the problems that they’re experiencing. They just want to hear someone say “I got this”… even if they don’t.
[1] https://www.theatlantic.com/politics/archive/2016/07/opioid-...
The Iraq 91 war literally ended the USSR, which dissolved a few months later because of soaring prices and economical failures. The Ukraine war might end up pushing the US into a second tier country, especially since Trump brings Musk and RFK into the government, who are literal morons when it comes to managing anything.