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Bluetus

(895 posts)
60. "The economy" is not the same thing as "inflation"
Thu Nov 7, 2024, 12:05 AM
Nov 2024

Last edited Thu Nov 7, 2024, 02:23 AM - Edit history (1)

but I agree with the poll and the OP that this is where the election was lost more than any other single factor.

Objectively, this is the best economy in 40 years, and it comes when virtually all economists were predicting a recession, or at best a "soft landing", which is a mini-recession. In fact, the economy is nowhere near recession. It really is strong.

So are Republicans irrational? No, they just don't understand economics very well. Most people with post-HS education vote Democratic. That doesn't make those with less formal education bad people or stupid. But it does make them much more susceptible to misinformation and gaslighting.

When they say "the economy is bad", most of them mean "I remember when we could buy a Happy Meal for $4, and now it is $7". Much of what the Harris campaign did was remarkably good, considering the short timeline. But they completely failed to explain to the voters about inflation. The message needed to be stated clearly and frequently,

"When COVID shut down much of our economy, supply chains all over the world were messed up. Over a million Americans died, and that included hundreds of thousands of people that staffed meat plants, car parts suppliers and many other industries. When we were able to safely return to work, we couldn't get many of the things we needed. The law of supply and demand drove up prices on many items during 2021, even into 2022. And prices went up. Some of the prices have come down, some have not and will not. But inflation today is about 2% annually, and that is exactly where the FED wants it to be. The economy is as strong as it has been in 40 years, and that includes real wage increases for many working Americans. I know this has been a difficult adjustment for many people, especially if you had to change jobs in order to get better wages, but that adjustment is mostly over. There are many good jobs available and very low inflation now.


The campaign never explained this, and that was a huge mistake, I think.

Recommendations

4 members have recommended this reply (displayed in chronological order):

Ain't seen any inflation like that coming...with tariffs and other Trump clan braniac plans....turds... wcmagumba Nov 2024 #1
My exact thoughts. "They ain't seen nothin' yet!" LakeArenal Nov 2024 #29
Before Trump only Iran and Libya markodochartaigh Nov 2024 #42
Are they completely unaware of the economy in other countries? LisaM Nov 2024 #2
And he will do it again....... Butterflylady Nov 2024 #5
I'm worried that musk wants to cut 2 trillion from the budget. jimfields33 Nov 2024 #36
Not rich people. Passages Nov 2024 #39
The current deficit is around 2.7 trillion, I think soandso Nov 2024 #56
I mean I guess a balanced budget would be ok. But the cuts would have to be drastic I think. jimfields33 Nov 2024 #62
Yes, a balanced budget would be a very good thing soandso Nov 2024 #64
There are two sides of the ledger: income and spending Martin Eden Nov 2024 #68
"Are they completely unaware of the economy in other countries?" Takket Nov 2024 #18
Yeah, they're gonna love the tariff-ic economy the Trumpanistas have in store. Pinback Nov 2024 #35
it is the best bdamomma Nov 2024 #32
Unless there's a foreign hurricane or earthquake, it is easy to forget that there are other countries Jack Valentino Nov 2024 #48
re: "Are they completely unaware of the economy in other countries?" thesquanderer Nov 2024 #52
Makes sense when you consider Gen-x was the only age group, Jersey Devil Nov 2024 #3
Gen X came of age during Reagan unc70 Nov 2024 #7
Gen X also elected Obama in 2008 Renew Deal Nov 2024 #46
Gen x was the only age group that voted for Trump? WA-03 Democrat Nov 2024 #24
Surprises me too - I'm on the older side of Gen X TBF Nov 2024 #33
You would go a long way toward supporting those littlemissmartypants Nov 2024 #47
It is impossible to counteract the firehouse of bullshit coming from the Trump side. alarimer Nov 2024 #4
I heard that Democracy was #1 in the Exit polls malaise Nov 2024 #6
Hi malaise! If you go to the link and search for "democracy" you will see some results for this. spooky3 Nov 2024 #15
Thanks malaise Nov 2024 #16
If the pollsters don't ask markodochartaigh Nov 2024 #43
Their anger, dissatisfaction was taken out on the most qualified person for president. Deuxcents Nov 2024 #8
Unfortunately most people don't understand economics at all and kerouac2 Nov 2024 #9
Plus the base of awful hateful repubs kerouac2 Nov 2024 #13
Most people don't know how government works the_liberal_grandpa Nov 2024 #61
so they chose a racist convicted felon to make that better for them? bigtree Nov 2024 #10
Latinos we're 45 percent of the vote for trump. jimfields33 Nov 2024 #37
they weren't 45% of his vote Kali Nov 2024 #51
Exactly. I'm sick of the excuses. The problem is glaringly obvious. Both sides do the same kind of gaslighting when it Solomon Nov 2024 #66
The biggest factor was PhilosopherKing Nov 2024 #11
Call me weird, but I've never believed that POTUS has total control milestogo Nov 2024 #12
Research shows you are right. However, I agree with those who have said many voters simply do not spooky3 Nov 2024 #14
Don't forget the constant lies from Fox "News". SharonAnn Nov 2024 #26
I mentioned Fox in my post. nt spooky3 Nov 2024 #27
Trump won the popular vote. I am still trying to process that fact. Passages Nov 2024 #17
The Guardian wrote an article on this RJ_MacReady Nov 2024 #19
Thank you, very good information. Passages Nov 2024 #21
you're welcome RJ_MacReady Nov 2024 #23
This is bullshit blaming Biden for rolling back the Child Tax Credit flamingdem Nov 2024 #31
The price of their Doritos will certainly climb even higher, Jack Valentino Nov 2024 #49
Maybe he did, but maybe not. An probably not by as much as currently thought. onenote Nov 2024 #53
I want all the details too, everything so we can assess objectively. Passages Nov 2024 #71
Tells me R's rejected potential betterment BadgerKid Nov 2024 #20
I'm glad you brought this up, as I have questions... fairfaxvadem Nov 2024 #22
Here's a BBC article that provides anecdotes showing how deluded some voters are spooky3 Nov 2024 #25
And Trump's tariffs will fix all their problems. tanyev Nov 2024 #28
They bitched about inflation while wearing $40 MAGA hats and flying $100 trump flags. LakeArenal Nov 2024 #30
Made in China. (nt) Pinback Nov 2024 #41
and the price of gas filling up for F350 pickups pstokely Nov 2024 #63
Why should i believe an exit poll? All the polls were wrong, mucifer Nov 2024 #34
I posted that a few days ago Skittles Nov 2024 #40
Because an "exit poll" is strictly raw data, not "adjusted" in any way by the pollster. Jack Valentino Nov 2024 #54
republicans will not do ANYTHING to help the average worker Skittles Nov 2024 #38
Voters who don't understand the difference between "inflation" and high prices Jack Valentino Nov 2024 #44
When people can't recognize something specific in their life they are easily misdirected. Nanjeanne Nov 2024 #45
Predatory capitalism caused world wide inflation and Emile Nov 2024 #50
The average person doesn't care if the DOW tops 40,000 Orrex Nov 2024 #55
Trust me Mr. Scorpio Nov 2024 #57
I have no problem with exit polls Bluetus Nov 2024 #58
That argument seems to hold. In a "highly progressive" state like CA, the 4 state ballot 4lbs Nov 2024 #59
"The economy" is not the same thing as "inflation" Bluetus Nov 2024 #60
This has bothered me for a long time. Takket Nov 2024 #67
I bet almost all of those "Not so good or poor" responders think the economy is great today despite no change in policy. LonePirate Nov 2024 #65
I notice grocery prices up but I also notice very low unemployment... Ysabel Nov 2024 #69
Could you imagine? Those on social security jimfields33 Nov 2024 #70
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