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1796 points koolba | 2 comments | | HN request time: 0.41s | 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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rqtwteye ◴[] No.42068104[source]
At a minimum they should have admitted that inflation is a big problem. Instead they chose to ignore it or lecture people why they are wrong that inflation is a problem. Same with the border.
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gizmo ◴[] No.42068314[source]
High prices are a big problem, but the primary thing you can do to compensate for that is push wages up through stimulus spending, which Biden also did very aggressively.

When people have a wrong perception (i.e. that Biden did poorly on the economy) you cannot contradict them or lecture them. That's a losing strategy. But if you don't correct them they will continue to blame Biden. That also loses.

The border/immigration suffers from similar perception problems. When people believe that dems are shuttling illegals to swing states in order to steal the election, how can you respond to that? Or to claims about illegals eating cats and dogs? Trump is very effective at messaging that invokes strong emotions.

People will forget about grocery prices and the border once Trump is in office. Trump will shout things and maybe do a few publicity stunts and that's enough to appease people. The actual reality matters little.

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1. FuriouslyAdrift ◴[] No.42070242[source]
Stimulus spending CAUSES inflation. You are expanding the money supply. You want to reduce prices, then you need to cool off the economy and reduce the money supply.

Lowering govt spending PLUS raising taxes would have been the way.

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2. gizmo ◴[] No.42070974[source]
Stimulus spending can cause inflation, but doesn't do so necessarily. A cursory look at deficits and inflation charts will tell you as much. Biden got inflation under control and got the economy to bounce back very quickly -- a feat very few people believed he could pull off.

"Reducing prices" means deflation, which doesn't happen outside of a depression. Triggering a depression intentionally is absolutely bonkers in terms of policy.