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Trump wins presidency for second time

(thehill.com)
1796 points koolba | 7 comments | 06 Nov 24 06:49 UTC | HN request time: 1.109s | source | bottom
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drawkward ◴[06 Nov 24 15:33 UTC] No.42063854[source]▶
It's the economy, stupid:

-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.

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UncleOxidant ◴[06 Nov 24 18:23 UTC] No.42066822[source]▶
> The Dems failed on this count massively

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)?

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schmidtleonard ◴[06 Nov 24 18:25 UTC] No.42066848[source]▶
They failed to hammer home that Trump printed the goddamn money.

https://fred.stlouisfed.org/series/M2NS

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1. meta_x_ai ◴[06 Nov 24 18:28 UTC] No.42066914[source]▶
Except Trump's stimulus was needed because of the lockdown (and people were losing jobs).

Biden stimulus was the one that

a) Ignited demand > Supply

b) provided no incentives for people to go back to work (Biden also had extended mortgage, rent, loan payment programs) which exacerbated inflation

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2. schmidtleonard ◴[06 Nov 24 18:34 UTC] No.42067027[source]▶
$4T in 1yr vs $1.5T in 3 years. Trump was printing at 80mph, Biden was printing at 10mph.

Must have been a pretty fast 10mph.

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3. iinnPP ◴[06 Nov 24 18:45 UTC] No.42067203[source]▶
But if Trump didn't print it then somehow Biden would've worked with 1.5T?
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4. justsocrateasin ◴[06 Nov 24 19:01 UTC] No.42067479{3}[source]▶
I don't think any dem is saying that. I think they're saying that inflation is the result of a global pandemic, not Dems printing another 1.5T. I think by all accounts the economic landing after a global pandemic was really good, certainly better than 2008. We aren't in a recession. Prices are high, but so is employment and job growth. The government failed at something, whatever that something was: was it a failure in signaling that yeah, these times are hard but guess what, it's because of COVID and buckle up because we did the best we could? Or was it that they let inflation rise too high? I'm not sure.
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5. Cornbilly ◴[06 Nov 24 19:14 UTC] No.42067696[source]▶
Let be real though. The majority of the Trump stimulus was either a campaign stunt (I received a letter from Trump stating that he gave me, someone that makes 6 figures, a few hundred dollars) or a huge spending program with no accountability (the PPP “loans”).
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6. vundercind ◴[06 Nov 24 20:44 UTC] No.42069058{4}[source]▶
What we’ve learned is that a politician should definitely not pull the lever in the trolley problem. Let four die instead of one, then claim credit for the one.
7. ◴[06 Nov 24 21:10 UTC] No.42069448[source]▶