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1796 points koolba | 1 comments | | HN request time: 0s | 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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drawkward ◴[] No.42067092[source]
To paraphrase Rumsfeld: "You go to elections with the populace you have."

If the Dems don't/won't/can't account for it by changing their messaging, devising better or more readily understood platforms, then it is on them. You have to meet people where they are, not where you think they should be.

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crazygringo ◴[] No.42067206[source]
But the Dems did. They did everything you're asking for. Their messaging was totally different from 2020, everything was clear and understandable.

That's what's so sad. The Democratic campaign was A+ in execution. The Republican campaign was a disaster in execution, but they won anyway.

The message of this election isn't that Democrats did something wrong. It's that they did everything right, and a majority of voters simply still don't care. They don't think the insurrection mattered, and they think Trump will fix inflation because he's a strong businessman. And they don't listen to anyone who says otherwise.

I don't see anything the Dems could have done about that. You can't force people to listen, you can't force people to understand economics. That's not something campaigns can do.

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vladimirralev ◴[] No.42067543[source]
> can't force people to understand economics

People were actively deceived along the way. Do you remember that intially Yellen (and Powell together) called the inflation "not broad enough to be considered inflation", then called it "transitory" and justified printing so much money all the way into 7% inflation. At 3% PCE, Powell said everybody to relax, that nobody should doubt they will use every tool they have to fight inflation. Bostic at 2% PCE said he is not worried, he welcomes higher inflation, approaching 4% inflation would be cause of concern and would require action. Action that never came. They just lied and misinformed the people for years. People listened to this, it was all over the media. It's wrong to suggest people didn't listen.

Do you remember after 5 years of review they came up with symmetric inflation target of 2% and they instantly abandoned it because that would require lower inflation for decades to come. And nobody in media questioned it, they said people "misunderstood the target".

They don't want to educate people about the economy, they want people as stupid as possible.

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jkubicek ◴[] No.42067823[source]
Your criticism of Yellen and Powell's messaging is valid, but I have a very hard time believing that had any impact on this election.

The US fared better than almost industrialized nation post-pandemic. Our inflation is currently under control, unemployment is low, wages are rising. I have a hard time believing that anyone could have handled a hard situation better than the Biden administration. Meanwhile, Trump's stated economic policies (no income tax, make it up with tariffs) are unequivocally bad ideas that would make the prices paid by most Americans far far far higher than what they're paying today.

The overlap between "People who know Jerome Powell and think he did a bad job" and "People who think Trump's fiscal platform will be good for the average American" is close to zero people.

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avereveard ◴[] No.42070618[source]
Is it? Because between part time job, gigs, and people falling off unemployment benefits from receiving them too long I don't trust unemployment figures, they are measuring the wrong thing. It seem people work longer hours, for less disposable income overall.
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1. throwaway48476 ◴[] No.42071195[source]
Don't bother with unemployment, look at labor force participation.