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1796 points koolba | 1 comments | | HN request time: 0.204s | 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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UncleOxidant ◴[] No.42068239[source]
But the economy is pretty great: 4.1% unemployment - I'm old enough to remember when 5% was considered full employment, inflation rate back down close to pre-covid levels, manufacturing up, etc. EXCEPT there's one big problem with our economy: Housing. There's not enough of it so prices for housing are very high relative to incomes. The solution: Build a lot more houses. Harris mentioned this, though I don't recall a lot of details for how they were going to get there. If a lot of people didn't have to pay more than a third, sometimes over half of their income for housing the inflation wouldn't have been nearly as painful.
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_DeadFred_ ◴[] No.42071391[source]
The people living 4.1% unemployment have (one or more) zero hour jobs where you don't know if you even have work each week, let alone the hours (but always less than 36) until the start of the week, with no benefits, living paycheck to paycheck, dealing with the hassle of having roommates at home so no place to truly unwind, and a huge cut to food they can afford which was really their last form of comfort. Car costs have gone up to the point they are just holding on to what they have hoping it keeps running.

This isn't a 1960s 4.1% unemployment good economy. And it's no way to live. You are forced into a state where are you constantly reacting out of stress, not really living. You can't blame those people for not understanding the nuance of your 'the economy is great, this is what good looks like'. It's not fair to call them bad/dumb people because of it. They are good people struggling out here in the trenches.

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1. UncleOxidant ◴[] No.42071732[source]
You're not wrong, but it's tough to see how electing a more pro-business (ultra pro-business) president/party is going to fix that. They're going to take away even more worker rights as they favor business.