Comment by h0l0cube

Comment by h0l0cube 2 days ago

0 replies

> Votes from the little people don't have an impact

I agree to disagree here. The election of, say, Trump vs not-Trump, will have a huge impact not just domestically, but on geopolitics writ-large.

> much larger reason Harris wasn't elected was that housing, food, and fuel costs have been and continue to rise rapidly

Maybe. There's a plurality of reasons (and influential demographics) that could be cited. Certainly one strong signal that came through—demography-wise—was that Hispanic males swung to GOP. One theory on this is that new waves of northwards immigration are causing some in-group tension, specifically around access to jobs.

But certainly all economic indicators in November were looking good. The damage was done on inflation, but the inflation rate was brought back under control. Unemployment was ticking upwards but still only slightly higher than pre-pandemic. But as you say, long-term declines in real wages and housing stock are squeezing peoples' finances, and certainly no political party seems willing to attend to that before heads start rolling.