←back to thread

1796 points koolba | 1 comments | | HN request time: 1.537s | source
Show context
drawkward ◴[] 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.

replies(37): >>42063943 #>>42064224 #>>42064690 #>>42066206 #>>42066419 #>>42066536 #>>42066822 #>>42066913 #>>42067069 #>>42067564 #>>42067838 #>>42067963 #>>42068126 #>>42068182 #>>42068271 #>>42068402 #>>42068430 #>>42068606 #>>42068733 #>>42069182 #>>42069400 #>>42069554 #>>42069652 #>>42070319 #>>42070599 #>>42070710 #>>42070781 #>>42070796 #>>42071522 #>>42071614 #>>42072387 #>>42072420 #>>42073867 #>>42075648 #>>42079964 #>>42080368 #>>42088729 #
UncleOxidant ◴[] 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)?

replies(19): >>42066848 #>>42066861 #>>42066959 #>>42066984 #>>42067112 #>>42067177 #>>42067270 #>>42067493 #>>42067618 #>>42067754 #>>42067895 #>>42068013 #>>42068042 #>>42068079 #>>42068425 #>>42069294 #>>42069341 #>>42069886 #>>42087968 #
JumpCrisscross ◴[] No.42066861[source]
> What was their failure here?

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.)

replies(4): >>42066870 #>>42066963 #>>42068481 #>>42072014 #
schmidtleonard ◴[] No.42066870[source]
All tiny next to the money trump printed.
replies(1): >>42066935 #
1. JumpCrisscross ◴[] No.42066935[source]
Sure. But that’s the last guy. The question is what Democrats could have done in power. With the benefit of hindsight, it would have been massively over correcting on prices and the border.