←back to thread

Trump wins presidency for second time

(thehill.com)
1796 points koolba | 1 comments | 06 Nov 24 06:49 UTC | HN request time: 0.317s | source
Show context
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.

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 ◴[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)?

replies(19): >>42066848 #>>42066861 #>>42066959 #>>42066984 #>>42067112 #>>42067177 #>>42067270 #>>42067493 #>>42067618 #>>42067754 #>>42067895 #>>42068013 #>>42068042 #>>42068079 #>>42068425 #>>42069294 #>>42069341 #>>42069886 #>>42087968 #
1. cm2187 ◴[06 Nov 24 20:00 UTC] No.42068425[source]▶
There are people who are economically literate, and who recognise that the massive money printing under trump to deal with the covid shut down of the economy contributed to inflation, as did the war in ukraine and supply chain disruptions, but that also, everything the dems did after that made the problem worse. By the time Biden took power, vaccines were getting rolled out, lockdowns were not warranted anymore, and the massive spending that Biden pushed was unnecessarily inflationary, as Manchin said at the time. And the fed kept printing money way after it should have stopped, most likely to support Biden's spending plan.