this post was submitted on 11 Nov 2024
902 points (90.3% liked)

politics

19096 readers
4117 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS
 

Summary

President Joe Biden’s economic achievements—lowering inflation, reducing gas prices, creating jobs, and boosting manufacturing—are largely unrecognized by the public, despite his successes.

His tenure saw landmark legislation like the Inflation Reduction Act, CHIPS Act, and major infrastructure investments.

However, Biden's approval ratings remain low, attributed to inflation backlash, weak communication, and a media landscape prone to misinformation.

Democrats face a “propaganda problem” rather than a policy failure, with many voters likely to credit incoming President Trump for Biden’s accomplishments due to partisan messaging and social media dynamics.

you are viewing a single comment's thread
view the rest of the comments
[–] pjwestin 109 points 4 days ago* (last edited 4 days ago) (36 children)

I am so God damn sick of reading articles from pundits who think they can just numbers-and-statistics away people's financial experience. Listen to this shit:

America has recovered more quickly and more completely than almost any comparable country. As The Economist put it, “The American economy has left other rich countries in the dust.” Real wages have risen fastest for those at the bottom of the income scale. Today, inflation is at 2.4%, compared with the 9.1% peak in June 2022. The fight against rising prices has essentially been won.

But few in the electorate seem aware...

Wow, the electorate sounds like a bunch of dipshits. But just for the hell of it, let's check their source for the wages of the bottom income scale. According to the Economic Policy Institute, real wages grew 13.2% between 2019 and 2023. Now, inflation was 19.2% during that period, but "real wage," means, "wage adjusted for inflation," so I guess the author is right. The lowest income earners got a raise during the Biden years. Guess the poor are a bunch of dipshits.

But which of Biden's policies led to these increases in wages? Well, the Economic Policy Institute says:

Between 2019 and 2023, state-level minimum wage increases along with a tight labor market have translated into faster real wage growth for low-wage workers, particularly faster growth in states (and D.C.) that increased their minimum wage during this period.

So, it sounds like the wages went up because of a competitive labor market (which the Fed intentionally killed to combat inflation) and minimum wage increases at the state level, and that states that increased their minimum wages saw more of that growth than others. So, you could make an argument that Biden deserves little credit for this increase, but let's not even worry about that. Let's see look at the minimum wage by state.

The EPI has a handy Minimum Wage Tracker that color-codes states by their state minimum wage against the federal minimum wage. A quick glance shows you the states with the highest minimum wage are mostly states that went to Harris. But what's really interesting is that, of the 7 key battleground states that Harris lost, 4 of them (Georgia, North Carolina, Pennsylvania, Wisconsin) have the same minimum wage as the federal minimum of $7.25, a starvation wage that hasn't been raised since 2009. So it's not unreasonable to assume that in more than half the key states Harris needed win saw the smallest share of that 13.2%, but did see prices increase by 19.2%.

Now, I'm not an economist, and I don't have hours to research this shit, so it's entirely possible that I'm missing a lot of nuance regarding cost of living and non-minimum wage increases in these states. But that's not the point. The point is that I've already spent more time and energy examining why people might not feel good about the economy than the sneering chud that wrote this article. And I'll end this tirade with one last quote from the EPI report he cited:

Wage rates remain insufficient for individuals and families working to make ends meet. Nowhere can a worker at the 10th percentile of the wage distribution earn enough to meet a basic family budget.

[–] cultsuperstar 16 points 4 days ago (5 children)

I was just watching an interview last night. Maybe it was 60 Minutes, but they were talking to a woman about this. They told basically all this same info - inflation going down, gas going down, jobs increased, wages increased. The woman said, "I didn't see any of that. My wage didn't go up." No idea what she does, if her job is eligible for a wage increase, but basically she was saying none of that impacted her personally or positively, so she voted for Trump.

[–] pjwestin 21 points 3 days ago (4 children)

Exactly. Democrats think that if they just tell people positive metrics enough times, these feelings will go away. They won't. You have to look at them and say, "You're right, things still suck for you. Things got better for a lot of people, but people like you didn't see much of that because of [X] and [Y]. Here's how we're going to fix it." Otherwise, they're going to listen to anyone who tells them their problem is real, even a racist xenophobe that blames migrants for everything.

[–] cultsuperstar 9 points 3 days ago (2 children)

I think to some extent, Kamala said exactly how she planned on making things better. Trump didn't say anything, and as usual had no plans. He still got elected. I saw an article last week about Trump saying not saying what his plans were helped him. What sense does that make, when a guy like Trump, who's never had a plan or a rational suggestion to anything ("let's nuke the hurricanes!"), can not say a damn thing about what his policies would be and still get elected? That tells me the Dems were drastically out of touch.

[–] obre 11 points 3 days ago (1 children)

Dem technocrats are drastically out of touch and don't realize how much aggrivement towards the status quo and desire for change there really is. Trump doesn't do policy and it doesn't matter because the people don't care about policy either. We live in turbulent times, and there's a groundswell of support for a nebulous 'change'. Trump positioned himself as anti-establishment, persecuted, and radical in a way that was appealing enough to retain his voter base. Meanwhile, Harris' institutionalism, focus on incrementalist policy, and boring rhetoric failed to galvanize support.

[–] lemzinger75 5 points 3 days ago

Spot on. When times are bad (whether actually true, or simply perceived that way) it should come as no surprise that the people voted for a change. Trump is the embodiment of "anti-establishment". Progressives must take back the party from Neoliberals.

[–] pjwestin 8 points 3 days ago

To some extent, yes, but it wasn't the forefront of her campaign. She talked about greedflation and had a plan for price-capping groceries, but they should have been attacking this point from 2022, not the tail end of the campaign. She was far more focused on middle-class issues and an, "opportunity economy," than the dire financial conditions of the working class.

load more comments (1 replies)
load more comments (1 replies)
load more comments (31 replies)