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1796 points koolba | 1 comments | | HN request time: 0.27s | 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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whoknew1122 ◴[] No.42067645[source]
But what is the response that works?

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!

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spankalee ◴[] No.42067737[source]
I think there are two things:

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.

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1. UncleOxidant ◴[] No.42068165[source]
> Try the Trump/populist playbook on the topic: identify the problem,

And ideally put the blame on people who don't have any/much political or economic power within the country, like immigrants. Us vs them. "If we just get rid of 'them' everything will be fine"