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Bluetus

(381 posts)
60. "The economy" is not the same thing as "inflation"
Wed Nov 6, 2024, 11:05 PM
Nov 6

Last edited Thu Nov 7, 2024, 01:23 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 6 #1
My exact thoughts. "They ain't seen nothin' yet!" LakeArenal Nov 6 #29
Before Trump only Iran and Libya markodochartaigh Nov 6 #42
Are they completely unaware of the economy in other countries? LisaM Nov 6 #2
And he will do it again....... Butterflylady Nov 6 #5
I'm worried that musk wants to cut 2 trillion from the budget. jimfields33 Nov 6 #36
Not rich people. Passages Nov 6 #39
The current deficit is around 2.7 trillion, I think soandso Nov 6 #56
I mean I guess a balanced budget would be ok. But the cuts would have to be drastic I think. jimfields33 Nov 6 #62
Yes, a balanced budget would be a very good thing soandso Nov 6 #64
There are two sides of the ledger: income and spending Martin Eden Nov 7 #68
"Are they completely unaware of the economy in other countries?" Takket Nov 6 #18
Yeah, they're gonna love the tariff-ic economy the Trumpanistas have in store. Pinback Nov 6 #35
it is the best bdamomma Nov 6 #32
Unless there's a foreign hurricane or earthquake, it is easy to forget that there are other countries Jack Valentino Nov 6 #48
re: "Are they completely unaware of the economy in other countries?" thesquanderer Nov 6 #52
Makes sense when you consider Gen-x was the only age group, Jersey Devil Nov 6 #3
Gen X came of age during Reagan unc70 Nov 6 #7
Gen X also elected Obama in 2008 Renew Deal Nov 6 #46
Gen x was the only age group that voted for Trump? WA-03 Democrat Nov 6 #24
Surprises me too - I'm on the older side of Gen X TBF Nov 6 #33
You would go a long way toward supporting those littlemissmartypants Nov 6 #47
It is impossible to counteract the firehouse of bullshit coming from the Trump side. alarimer Nov 6 #4
I heard that Democracy was #1 in the Exit polls malaise Nov 6 #6
Hi malaise! If you go to the link and search for "democracy" you will see some results for this. spooky3 Nov 6 #15
Thanks malaise Nov 6 #16
If the pollsters don't ask markodochartaigh Nov 6 #43
Their anger, dissatisfaction was taken out on the most qualified person for president. Deuxcents Nov 6 #8
Unfortunately most people don't understand economics at all and kerouac2 Nov 6 #9
Plus the base of awful hateful repubs kerouac2 Nov 6 #13
Most people don't know how government works the_liberal_grandpa Nov 6 #61
so they chose a racist convicted felon to make that better for them? bigtree Nov 6 #10
Latinos we're 45 percent of the vote for trump. jimfields33 Nov 6 #37
they weren't 45% of his vote Kali Nov 6 #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 7 #66
The biggest factor was PhilosopherKing Nov 6 #11
Call me weird, but I've never believed that POTUS has total control milestogo Nov 6 #12
Research shows you are right. However, I agree with those who have said many voters simply do not spooky3 Nov 6 #14
Don't forget the constant lies from Fox "News". SharonAnn Nov 6 #26
I mentioned Fox in my post. nt spooky3 Nov 6 #27
Trump won the popular vote. I am still trying to process that fact. Passages Nov 6 #17
The Guardian wrote an article on this RJ_MacReady Nov 6 #19
Thank you, very good information. Passages Nov 6 #21
you're welcome RJ_MacReady Nov 6 #23
This is bullshit blaming Biden for rolling back the Child Tax Credit flamingdem Nov 6 #31
The price of their Doritos will certainly climb even higher, Jack Valentino Nov 6 #49
Maybe he did, but maybe not. An probably not by as much as currently thought. onenote Nov 6 #53
I want all the details too, everything so we can assess objectively. Passages Nov 7 #71
Tells me R's rejected potential betterment BadgerKid Nov 6 #20
I'm glad you brought this up, as I have questions... fairfaxvadem Nov 6 #22
Here's a BBC article that provides anecdotes showing how deluded some voters are spooky3 Nov 6 #25
And Trump's tariffs will fix all their problems. tanyev Nov 6 #28
They bitched about inflation while wearing $40 MAGA hats and flying $100 trump flags. LakeArenal Nov 6 #30
Made in China. (nt) Pinback Nov 6 #41
and the price of gas filling up for F350 pickups pstokely Nov 6 #63
Why should i believe an exit poll? All the polls were wrong, mucifer Nov 6 #34
I posted that a few days ago Skittles Nov 6 #40
Because an "exit poll" is strictly raw data, not "adjusted" in any way by the pollster. Jack Valentino Nov 6 #54
republicans will not do ANYTHING to help the average worker Skittles Nov 6 #38
Voters who don't understand the difference between "inflation" and high prices Jack Valentino Nov 6 #44
When people can't recognize something specific in their life they are easily misdirected. Nanjeanne Nov 6 #45
Predatory capitalism caused world wide inflation and Emile Nov 6 #50
The average person doesn't care if the DOW tops 40,000 Orrex Nov 6 #55
Trust me Mr. Scorpio Nov 6 #57
I have no problem with exit polls Bluetus Nov 6 #58
That argument seems to hold. In a "highly progressive" state like CA, the 4 state ballot 4lbs Nov 6 #59
"The economy" is not the same thing as "inflation" Bluetus Nov 6 #60
This has bothered me for a long time. Takket Nov 7 #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 7 #65
I notice grocery prices up but I also notice very low unemployment... Ysabel Nov 7 #69
Could you imagine? Those on social security jimfields33 Nov 7 #70
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