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1796 points koolba | 1 comments | | HN request time: 0.423s | 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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crazygringo ◴[] No.42066984[source]
Yup, there's nothing they could have done. That's the tragedy of it.

You can't just educate people in a campaign that the President doesn't cause inflation, when it's the result of a global pandemic. They just don't listen and don't care. The different campaign messages get tested among focus groups. The ones that try to teach economics or explain inflation perform terribly.

This isn't a failure of Democrats at all. This is just pure economic ignorance among voters.

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_DeadFred_ ◴[] No.42067263[source]
You will never win in a democracy if your stance is 'the voters failed me'. That the dems have chosen that mindset saddens me.

It's not the voters job to come to a party, it's the party's obligation to figure out how to appeal to voters. The dems chose to tell people who are suffering that 'the economy is great, this is what we think a good economy looks like and we are patting ourselves on the back for it'. To voters that are suffering that seems like 'our version of good doesn't GAF about you'. Not a great message. You could have the best economics professors/communicators in the world explaining it, people still aren't voting for that.

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cmdli ◴[] No.42067635[source]
What could the Democrats have done about it? Inflation was successfully reduced back down to normal levels without a recession, successfully managing a soft landing. What else could they do?
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UncleOxidant ◴[] No.42068279[source]
The real problem is housing costs. They should've laser focused on that. A lot of that is due to short supply, so build more houses (Harris mentioned this in her plan, but I don't think it connected). Also look into wall st buying up rentals - there are cities where most of the apartment complexes are owned by 2 or 3 companies, if one of them raises your rent and you try to find housing elsewhere you find either that the same company has raised rents in their other buildings or the other companies are doing the same.
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eschaton ◴[] No.42068908[source]
Way to ensure the real estate holding companies and their owners switch their lobbying dollars and campaign contributions to the other party.
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1. IG_Semmelweiss ◴[] No.42069129[source]
Or, pass a law restricting ownership by holders of SSN. Only 1 example. I'm sure simpler things can be done such as preventing subsidized mortgages by non-citizens. Etc.

Of course, this is tough, which is why it would never be done. And that's why you lose elections. If a president won't do it, what makes anyone think that a cowardly congress would ?

Plus , the usual suspects of real estate inflation are urban centers with heavy if not complete 1-party control for years. So any attempt at national policy has no credibility when local policy -which is already in control- continues to ignore the problem.

Contrast this with Trump - say what you will, he is willing to take flack to do things that are very unpopular, and that's what makes him stand out. Remember the early innings on the border wall ? Walking out of Kyoto ? The collective meltdown.

Exactly.