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1796 points koolba | 2 comments | | HN request time: 0.535s | source
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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.

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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)?

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ComplexSystems ◴[] No.42067493[source]
The failure is in this very common exchange

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.

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cmdli ◴[] No.42067677[source]
Democrats don’t control the price of groceries, and even what they can somewhat control (inflation) improved massively. Trump will also not bring down the price of groceries, so either voters don’t care about that or they (completely incorrectly) blame Democrats for it. Either way, I don’t see this as the Democrats fault.
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lukevp ◴[] No.42067841[source]
Yes, whatever portion made their decision based on cost of groceries do believe the president influences prices. It’s the same as the old line about “gas prices are too damn high”. Most people aren’t very involved in politics and they don’t understand things like this, or that economic cycles are so long that half the time it’s the result of the previous party’s actions what is happening now.
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1. mobilefriendly ◴[] No.42068045[source]
Harris played to and reinforced this economic illiteracy by proposing federal price controls for groceries.
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2. Lord-Jobo ◴[] No.42071806[source]
But I mean what else could she do? You tell the electorate the truth and they don't understand it or don't listen, you lie and say "fine we will fix it with price controls" and they freak out all the same. Only one side of the political apparatus can like with impunity, apparently.