←back to thread

1796 points koolba | 1 comments | | HN request time: 0.213s | source
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 #
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.

replies(8): >>42067092 #>>42067104 #>>42067176 #>>42067263 #>>42067571 #>>42067706 #>>42067787 #>>42067798 #
_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.

replies(7): >>42067614 #>>42067635 #>>42067661 #>>42068239 #>>42068301 #>>42068559 #>>42069096 #
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.
replies(4): >>42068569 #>>42070043 #>>42071134 #>>42071391 #
throwaway48476 ◴[] No.42071134[source]
Labour force participation is what, 3 million below 2019? It's really bad.
replies(1): >>42071781 #
1. UncleOxidant ◴[] No.42071781[source]
Isn't a lot of that boomers retiring early? I'm a 61 year old that's not participating in the labor force because I'm tired of playing the tech interview games (I don't blame this on the Biden admin) and I don't need to participate anymore. My wife who is 63 would like to work again after being laid off last year, but ageism seems to be a very real thing so she hasn't gotten hired anywhere (again, not Biden's fault that ageism is a thing). Since labor participation rate is determined by working age population (16 to 64) I guess we're both contributing to that lower labor participation rate. (and come to think of it both my sister and my wife's sister are in a similar situation, both around 60)