The most evident problem with the economic recovery continues to be the retail price hikes. They continue in spite of inflation numbers. The vast number of voters who see inflation stabilizing think this will result in lower prices; we know it will not in a meaningful way anytime soon. Meanwhile investors are told big returns will continue due to price increase. (Pepsico, Coke, General Mills etc.)
Good piece, Thomas. I do worry about African American and Hispanic working class men, especially, and young voters who have loyally voted Democratic but have been hit hard by inflation and don't see much rise in their wages. I also worry that Arab and Pro-Palestinian voters in places like Michigan will not support Biden. All of these voters may sit out the election. However, by next November, there might actually be a (fragile) two-state solution or more rights for Palestinians in Israel, as the Gaza war proves the status quo -- Israel engaging in short wars with Gaza every few years and "mowing the lawn" (killing Palestinians) is entirely untenable. And we will know if the desired economic "soft landing" without a recession has actually come true.
Democrats can probably take the House in 2024, but they'll have a hard time holding onto the Senate. They'll need a Democratic Congress to eliminate the Trump and Bush tax cuts that added $6 trillion or more to the deficit.
The most evident problem with the economic recovery continues to be the retail price hikes. They continue in spite of inflation numbers. The vast number of voters who see inflation stabilizing think this will result in lower prices; we know it will not in a meaningful way anytime soon. Meanwhile investors are told big returns will continue due to price increase. (Pepsico, Coke, General Mills etc.)
Great quote from Jennifer Rubin, particularly well placed in this piece.
Good piece, Thomas. I do worry about African American and Hispanic working class men, especially, and young voters who have loyally voted Democratic but have been hit hard by inflation and don't see much rise in their wages. I also worry that Arab and Pro-Palestinian voters in places like Michigan will not support Biden. All of these voters may sit out the election. However, by next November, there might actually be a (fragile) two-state solution or more rights for Palestinians in Israel, as the Gaza war proves the status quo -- Israel engaging in short wars with Gaza every few years and "mowing the lawn" (killing Palestinians) is entirely untenable. And we will know if the desired economic "soft landing" without a recession has actually come true.
Democrats can probably take the House in 2024, but they'll have a hard time holding onto the Senate. They'll need a Democratic Congress to eliminate the Trump and Bush tax cuts that added $6 trillion or more to the deficit.