←back to thread

1796 points koolba | 7 comments | | HN request time: 0.219s | source | bottom
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 #
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.

replies(13): >>42067645 #>>42067677 #>>42067909 #>>42068209 #>>42068893 #>>42069020 #>>42069063 #>>42069188 #>>42069480 #>>42069833 #>>42069964 #>>42070434 #>>42072291 #
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!

replies(5): >>42067737 #>>42067913 #>>42067947 #>>42067987 #>>42068548 #
1. phtrivier ◴[] No.42068548[source]
The response should have been :

"You're right, prices are too high, and wages too low. Especially housing prices, and wages for young men without a college degree.

It's in part the consequences of some things we did.

Here are our proposals to make prices go down, or make wages go up:

Proposal 1: ...."

My deep belief is that the hard part, and the reason Democrats did not do that, is not in the difficulty to find solution.

The hardest part is that it meant recognizing they were, at least in part, responsible for the problem.

The second hardest part was recognizing that the problem was hurting a category of people that's "outside of the tribe".

So, faced with a complex problem, they decided to deny the problem existed altogether, focussed on something else (not necessarily unworthy issues, but, simply, not the one at hand.)

"Ventre affamé n'a point d'oreille."

The silver lining is that:

- either the Republicans somehow manage to get prices down or wages up

- or the next election will swing the other way.

It's still, after all, no matter what, "the economy, stupid" - just, the real economy, no the the fake financial one.

replies(3): >>42068953 #>>42068971 #>>42069027 #
2. phtrivier ◴[] No.42068953[source]
Also, it's striking that one of the problems on which the Democratic Party focussed did win in the ballot : if I read it correctly, in most of the places where women's reproductive rights were on the ballots, the position of the Democratic Party prevailed.

Why they decided to be myopic, and assumed that they had to defend the rights of women _or_ the rights of workers, and could not do both, is a bit beyond me.

3. Izikiel43 ◴[] No.42068971[source]
It feels like democrats were talking to women, LGTB people, and some elites.

They completely forgot about the other half of the electorate, and when reminded of their existence and issues, they considered the other stuff more important. This result shouldn't surprise anyone.

4. hanniabu ◴[] No.42069027[source]
You do realize the high inflation is due to actions Trump made....
replies(1): >>42069181 #
5. phtrivier ◴[] No.42069181[source]
In part, maybe. And at the very end of the list of proposal, after you've explained how you're going to fix the problem, you can, if you have time to spare, defend that you were not entirely responsible for the whole of the problem.

But, realize that any time you spend defending yourself is not spent explaining how you're going to fix the problem. It may be unfair, and that's one of the nicest aspect of democracy : given that people in power keep changing, at some point they don't feel bound to the choices made by previous governments, even of their own party, and can spend time trying to fix problems.

No chance of doing so if you start by arguing.

Also, some of the problems are _hard_.

replies(1): >>42070142 #
6. chipdart ◴[] No.42070142{3}[source]
> In part, maybe. And at the very end of the list of proposal, (...)

Not in part.

And now you voted on the guy whose only concrete economic policy is to massively drive up inflation by imposing tariffs.

replies(1): >>42070480 #
7. phtrivier ◴[] No.42070480{4}[source]
I've read conflicting opinions about the effect of Trump trade wars (pre COVID), how the pandemic was handled pre Biden, and how the pandemic was handled post Biden, on inflation.

I much doubt economits would seriously put 100% of the blame on any particular side.

Hence the "in part". Which, I repeat, is a way to acknowledge the complexity, and move on to the interesting question : whether it's your fault or not, what are you going to do to _fix the problem_.

Next election is in two years, and I suspect neither housing prices nor groceries are going to fall any time soon - so policy proposals are not going to waste.