Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (36) |
Author: albaby1 SILVER
SHREWD
  😊 😞

Number: of 84360 
Subject: Re: Trump is toast
Date: 10/15/24 6:29 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 6
in the end, we are left with MAGA having false views of great personal prosperity under trump, and equally certain of being in absolute poverty now.

I mean, it's pretty a pretty simple heuristic though, right?

People look back at their situation just prior to the pandemic, and it looks pretty good. Gas prices were about $2.50, mortgage rates were about 3.5%, inflation was at about 2.3%, unemployment was low and GDP growth was solid. Not just in early 2020 before the pandemic - that pretty much describes most of the first three Trump years. Now, prices and interest rates are higher, we've gone through very high inflation (and the rate, even after falling a lot, is still higher than through most of the Trump years). High interest rates especially are tough on younger folks, who face dramatically higher costs of housing.

The "are you better off than you were four years ago" question is a wonderful rhetorical device, because it primes the voter to assign to the incumbent Administration blame for everything that happened during their time in office - whether it's the result of them doing a bad job or not. It's outcome oriented - not asking whether they like the policies or governing skills of the incumbent, but whether their personal situation is better or not. Only something as dramatically outside the control of the government as the pandemic breaks that heuristic.

That's why there's so many people that give the GOP higher marks on the economy. If there was a button that they could push to revert the macroeconomy back to Q4 2019, they'd push it in a heartbeat - and so that button gets mapped (in their minds) onto putting the GOP back into power.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to albaby1 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (36) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community