The real problem was Biden not dropping out early enough so that they could have a fair selection process.
But tbh I’m not sure how much it mattered. With the high inflation levels it was always an uphill battle for the incumbent.
But tbh I’m not sure how much it mattered. With the high inflation levels it was always an uphill battle for the incumbent.
I kept hearing clips of voters saying they want prices to go back down, but my understanding of the economics is that this would be terrible. Instead, IMO, what we need is for wages to increase while minimizing the inflationary effect of wage increases. That's not a catchy slogan, however.
Parallel to this, I don't think the post COVID inflation is really due to politicians.
Deflation is only "terrible" because we have collectively decided to build an economy on debt instead of savings (Keynesian instead of Friedmanian).
In a different economic order, prices declining would be a good thing for everyone.
But we're stuck with it, so inflation it is.
The majority of the expenses for the disadvantaged young are housing, gas, and food. With housing being 4x more expensive than 4 or 5 years it basically puts all the disadvantaged from even buying a house and then puts them at the mercy of the renters market
More importantly, everybody can see that debt for investment allows more growth. Just think about how many more people can afford to own their own home thanks to taking on debt. This allows them to pay a mortgage instead of rent, which allows them to build up wealth.
Equivalent effects exist in industry.
Debt is an extremely useful tool. We made the right choice here as a society.
There is no such thing as a durable deflationary market if it’s not justified by productivity gains and volume - and there is definitely no such thing as a durable deflationary economy.
Not sure what you're refering to, the 1873 panic wasn't exactly the finest hour for US economy. I guess that's not what you want to get back to.
As for the rest of the 19th century, the data we have is mostly consumer price indexes, but I can't recollect another durable deflationary period in the century.
Debt = Savings
The exact fraction is determined by the central bank's reserve requirements. And since 2020 it has been set to... zero percent.
So essentially US banks can infinitely create money.
https://www.investopedia.com/articles/investing/022416/why-b....
>> Debt = Savings
That’s only true for public debt, excess spending (that which is not deleted through taxation) by the government shows up in savings
https://www.raleys.com/product/10400953/raley_s-shredded-fou...
I was looking at the price of Lays chips and it's sitting at $6 a bag ON SALE!
https://www.raleys.com/product/30031044/lay_s-potato-chips-s...
Yes prices need to specifically go down. CA decided to DOUBLE DOWN on raising gas prices during the pandemic, and apparently they're slated to vote on another change that could raise prices by $0.45 a gallon. The world has had CHOICES to go in a specific direction, and this administration and all LEFT administrations are pushing for prices to rise, and replace all the failing families with people from China, Venezuela and whoever wants to cross the border.
Also, from my experience, prices never go down.
Here we have someone sharing a real world example of out of control inflation, which is true across all groceries no one grounded in reality would deny that.
Rather than acknowledge these concerns in anyway, you took time out of your day to imply because they used 1 unhealthy example this runaway inflation is actually a good thing because they will be forced to eat 'healthier'. Completely ignoring how expensive those 'healthy' items are as well (and that they continue to rise).
Then you use your anecdotal experience to further your dismission with 'well, ackkkstually ime prices don't go down so your concerns are invalid.'
This exact attitude is why there is nation-wide a mandate to eliminate the left from all pillars of power. And this is coming from someone who campaigned for Bernie.
Prices do go down. I'll update you in a year after Trump is in place about the price of chips.
Edit: I forgot to mention, the reason for the colors. “Ying” has an i, for wh”i”te, “Yang” has an “a” for bl”a”ck. It wasn’t even a light/dark thing, it was because she believes the translated name shares a common letter with the color, so that is the reason for those colors. That is the reason why I’m not surprised by the results.
Typically you would expect this to be an opportunity for competition, but generally speaking companies are suspiciously raising prices together. They've taken advantage of the COVID shortage and inflation narratives to squeeze consumers.
https://fortune.com/2024/01/20/inflation-greedflation-consum...
What competition? Most of them have merged into massive blobs.
Bigger corpos means bigger donations to bigger candidates. The entire system runs on money and nobody's got money to put in like these supercorps. We live in Gerontocracy that is actively building a Corporatocracy to replace it after the Boomers die off entirely and no money will ever go to the working class again.
You are grossly underselling the work of Lina Khan and the FTC.
If your change is no more durable than a single election, you didn't accomplish shit.
That is the way that the country works! The system is working as intended if a single government appointment can't unilaterally destroy monopolies in a single term.
Because the Biden administration was characteristically incompetent (Remember Treasury Secretary doing interviews saying that inflation was just a short-term blip and not persistent?) inflation started to get out of control. Once that happened, 30+ years of low inflation expectations went out the window. Market psychology changed, and because people now expected prices to rise, they weren't as resistant to individual price changes. This gave producers (along with legit covid supply side issues) breathing room to increase prices.
A good politician, can speak to the experience, but fix the problem. A good salesman can sell you a solution, even if it doesn't fix the problem. And the democratic party, seems mostly interested in talking about the problem and ignoring the experience.
1. Kamala isn't a great candidate shown by her poor primary results in 2020.
2. She has all the baggage of running pretty far to the left in 2020. (Like saying she was for performing gender affirming surgery on trans illegal immigrants, agree or disagree with the stance this is a deeply unpopular position)
3. She was tied to the current administration which meant she couldn't distance herself from the inflation issue or attack Trump on age and fitness as much as another candidates not tied to the administration.
This is why it's important for the media to hold politicians' feet to the fire - even if they agree with them. I think there was just a murmur[1] of Biden's problems before the catastrophic debate. Imagine if the media had been hammering the administration on this point 6 months prior.
[1] https://www.dailymail.co.uk/news/article-13102973/New-York-T...
I made that mistake too recently.
Before the debate, anyone talking about Biden’s obvious decline was dismissed as a right wing troll parroting Russian propaganda.
https://www.vox.com/politics/2024/2/8/24066529/biden-special...
Yeah, this was a big part of a general trend of the Democrats treating voters like children to be coddled and lied to. Voters don't like being treated as less-than just because they're less educated, and uneducated doesn't mean stupid. They can see through it.
My county went >75% for Trump, and the reason is because Trump is the only presidential candidate in most of our lifetimes who treats working-class voters as his equal. He doesn't talk down to them, he talks like them, and they eat it up.
However, if you "talk to" them, you are in a much better position to actually hear and respond to their concerns - with the added bonus of seeming actually human.
The way you frame it seems to imply that people are voting for him because he talks 'like them' while ignoring the 'to' them. I believe the hot leftist term for this is 'code-switching' which just means talking to your audience with language they understand and relate to -- and it's usually portrayed as a virtue, not a defect.
In reality, these people voted for Trump because as a result of him talking to them like equals rather than down to like subjugated servants left many feeling that he was in fact advocating for policies that support their best interests and would be impactful in their day to day lives.
Obviously personality matters more than it should - but in Trumps case the entire media apparatus was single-mindedly determined to make sure they dictate what his personality is, rather than his words or actions. So if anything this win shows that policy matters more than personality at this point anyway.
Now of course, if you see his policies as wrong and evil and dictatorial and the embodiment of fascism, none of that will matter and no lessons will be learned from this absolute rejection of the democrats platform.
If you want to catch a fish, you bait the hook with something the fish wants to eat instead of something you want the fish to eat.
Maybe that's the message he was sending but is that really true?
Democrats would be welcome to continue believing voters are children as long as they don't project it so blithely.
I hear you and found it irritating as well. Republicans don't even treat their voters as children, it's far worse in my opinion, and yet they reap all the benefits. I think that if Democrats want to continue treating their voters as children they should go all the way and use the same dirty lies in the republican handbook, at least we could finally say they're all the same.
As long as they aren't blacks, or muslims, or Asians, or Mexicans, or Puertoricans...
For example, in the recent Puerto Rican "garbage" kerfuffle, the comedian never said that Puerto Ricans as such were garbage - that was a fabrication of the media. What he said was that the island of Puerto Rico is an island of garbage, which is figuratively true as it has an acknowledged a problem with garbage disposal.
Similarly, Trump never said that Mexicans are rapists, etc.; that's another media fabrication. What he said was that those in America illegally are disproportionately criminals. That may or may not be true, but it's not a statement about Mexicans as a race, but about a particular subgroup set apart by their own behavior of illegal immigration, and notably NOT directed at their cousins in America legally, or still back in Mexico.
Trump says a lot of crap. But if you find it particularly egregious, chances are that it was fabricated by the media. Another very recent example is when the media told us that Trump said that Liz Cheney should be put in front of a firing squad. In reality, the topic of conversation was her attitude toward war, and his statement was that if there were guns pointed at her, she'd feel different about soldiering.
Behavior of Trump in the Black lives matter movement speaks for itself.
Muslim ban: https://en.wikipedia.org/wiki/Trump_travel_ban
Trump tried hard (but failed) to deport dreamers out of USA: https://www.nbcnews.com/politics/immigration/trump-dreamers-...
"Puerto Rico is a garbage island" and Trump trowing paper toilet rolls to victims of natural disasters with a clear purpose of humiliating them.
The problem in this thread is that everybody is trying to find what Democrats did wrong, or say that Kamala was not well known. Well, every voter knew who was Trump, and they still voted him, so changing the candidate by "better" does not matter if people wants "worse". If a country can't use the best people that they had ("elite thinks that are better than us") the outcome is predictable.
And we aren't even daring to discuss the elephant in the room that is "Can't be really, (really) sure that they didn't just cheated?
After all wouldn't be the first time, so is legit to speculate about it. Lets imagine [hypothetically] that in an alternate timeline they just learned from past fails and cheated better this time. How that could be disclosed or done? Was mail vote altered?. How could we spot it in this case?. This is the real meat in this discussion.
How strong or weak is a candidate does not matter if a party just can jump over the game rules.
Of course he did. It's called innuendo, and everyone knew exactly what he was getting at. If you say an entire neighborhood, city or country is garbage, then you're saying that the people living there are garbage, too. There's no point pretending otherwise.
If you disagree, try walking to the other side of town, telling a few residents that "You know, nothing personal, but your whole neighborhood is big mountain of garbage", and feel free to share the results of your research with us.
Trump never said that Mexicans are rapists, etc.
What he did say was that women traveling through Central America en route to the United States were "raped at levels that nobody's ever seen before" (despite there being no evidence of this happening). Which again, amounts to exactly the same thing. Pretending otherwise is extremely naive.
1)Got the platinum plan which provided half a trillion dollars to black communities
2) He also was very involved in the 'first step' act, helping address 'over-incarceration'.
3) He secured funding for HBCU via the FUTURE act, some of which were at risk of closure.
4) Prior to covid, black unemployment was at record lows (5.4%)
I keep hearing it repeated over and over again that black people hate him and he is racist, but I have yet to see a non-hyperbolic example. Whereas Biden is on video making incredibly racist remarks throughout his career like "I don't want my kids to grow up in a racial jungle" and speaking at a 'Grand Cyclops" KKK members funeral... not to mention he was largely RESPONSIBLE for the 1994 Crime Bill, which led to the over-incarceration of black people to begin with.
Surely you have something at least that damning, if you are going to casually label him as anti-black - right? I mean I know that supposedly the fact that the KKK guy later said 'oh no this was bad for my image' absolves him of THAT infringement for some reason, but it doesn't square the other stuff.
I'll keep the rest short, but the point I am trying to drive home to anyone reading this far: Just because you were told 'trump is super duper racist and hates minorities' by the TV every day, doesn't mean it was reflected in his actions.
Muslims:
Less of substance here admittedly, but he did sign an executive order in 2019 to promote religious freedom WORLDWIDE, which included efforts to protect Muslims from persecution.
Asians:
As a large contingent of 'small business owners' the tax cuts for small businesses were a major boon.
Mexicans:
Honestly the fact that you listed this one is kind of weird - like what is he supposed to do for citizens of another country? Or did you mean Latin Americans but just reducing them to 'mexicans' would elicit the mental imagery you were hoping for?
All the Mexican Americans I know voted Trump, and if you look at the voting history in 2020 he got 32% of 'latino voters' and in 2024 that is looking like a jump to 45%. So roughly half seem to support him.
Puertoricans:
If you are going to exploit a minority group to make a mis-guided political point, at least type out the proper 'Puerto Ricans'... but I see clearly you just want to appeal to the 'coloring box of oppression' and throw some minorities out there and see what sticks.
Again, this group went from 30% supporting trump in 2020 to 40% in 2024 -- something tells me droning on and on about how the 'insult comic' harmed Puerto Rico (who does have a garbage crisis) didn't really have the effect you or the media or whoever formed your opinion were shooting for
Anyway, now that the facts are out I think it would be pretty hard to seriously claim Trump is a racist bigot without also conceding that 'your guy' is demonstrably more so -- but at the end of the day these identify politics games are getting tiresome, and no one is listening anymore.
Unless of course, you never cared about facts.
In an interesting twist "American Indians" showed 65% support for Trump! That kind of damages the 'muh racist' narrative too.
Oh and 'Latino's are exceeding the 45% projection at least a bit, so even closer to a 'tie' sitting at 46% currently.
This is per NBC, who tend to lean left: https://www.nbcnews.com/politics/2024-elections/exit-polls
In fact, Latino turnout is pushing half and half, an unprecedented showing for a Republican candidate in that community. That single fact should have you carefully questioning the truth of what you've said.
But If Trump loves Latinos we will probably see a lot of them promoted to important positions. I spot two hispanic surnames in his first cabinet, Acosta and Carranza, both for a short period of time.
No, he demonstrably doesn't treat them as his equals - however, you're absolutely right, he does talk to them like they are, and in this sense, it is one of his strengths.
Meanwhile the rest of this comment section is talking about how democrats lost because they tried to talk about complex policy issues instead of just giving vague promises. Which is it?
>He doesn't talk down to them, he talks like them, and they eat it up.
"He says it like it is" right next to "But he didn't mean that", and he also literally talked about how devastated he was that the Jan 6 supporters were so shitty looking. He spends all sorts of time shit talking veterans who sacrificed for our country, even when the wars they fought were caused by dumb Republican policy.
It's fucking schrodinger's reality when it comes to Trump.
People who don't know what RNA, lymphocytes or spike proteins are, are nonetheless trying to make decisions about taking a vaccine.
People who don't understand statistics, can't comprehend graphs and don't understand fundamental physics are nonetheless trying to make decisions about climate change.
See also corporate tax law, Middle East ethnic divisions, AI, pollution, etc.
Our innate intuition is often entirely wrong and disinformation can often make compelling arguments that sound correct to non-experts. I'm not sure what the solution is. We all have to put our trust in others about the many things where we're non-experts, but obviously many people are choosing the wrong people to believe.
I worked in an advanced Alzheimer's ward for about 4 years when I was younger. There is a look that happens in the eyes which is a sure-sign they are effectively gone - it's like a light has been turned off. (even if they have moments of lucidity, there is a clear switch that is talked about in exactly these terms if you work in these places and are close to them every day.)
Biden clearly had 'the look' back in 2021, and was making enough gaffes for people who maybe aren't as familiar with the signs of mental decline could clearly see it.
Just because you didn't, doesn't mean everyone else was wrong and saw what they wanted to see.
If you are going to argue 'well, that's just like your perspective man' you have to at least see how that same argument can be turned towards you.
You are absolutely right that it is not black and white - I fully believe that back in 2021 he had enough moments of lucidity (which generally are somewhat reliable, which appear to be tied to the circadian rhythm hence 'sundowners') -- so if all you watched were his scheduled speeches I could see how you may have been left with that impression.
There were plenty of other opportunities to watch his decline in real time however.
Biden absolutely should have dropped out earlier. It made Harris look like a last minute sub (which she really was).
It's telling (on a number of levels) that one of the most popular Google searches yesterday, on election day, was "Did Biden drop out?"
Between price controls, tariffs, and excepting tips from taxes, I had no confidence either candidate could pass Econ 101. The proposals can play well politically, but it leaves people who have a basic understanding of economics at a loss of who'd be better.