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Lindsey Graham Says Joy ‘Doesn’t Exist in the Real World’
(www.thedailybeast.com)
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this post was submitted on 25 Aug 2024
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politics
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The state of the border is due to Republican interference on that border bill specifically requested by Trump to keep it an issue this election, and Inflation performance was better overall when compared to other Western Nations during Biden's term and worse than during Trumps.
source
Republicans are full of shit when it comes to both issues.
The problem with inflation is that it's sticky i.e. the inflation that happened under Trump didn't go away under Biden. Inflation has been slower (although you'll notice it's still elevated) but the inflation that already happened is baked in to that.
People can feel that things are more expensive than they used to be. It doesn't matter that things are getting more expensive slower, what matters is a bunch of inflation already happened and it didn't go away (and, in fact, just kept getting worse)
Tranditionally, inflation paired with rising income isn't a big problem.
The real terror of inflation in the modern era is that wages remain stagnant.
Actually, real wages are up for six years running.
Not according to the Atlanta Fed.
Through May 2024, real wages are up 0.5 percent year over year. While real wage growth has turned slightly positive in recent months, the level of real wages is still below where they were at the onset of the inflation surge that we began to see in the first quarter of 2021.
It's ever present too. If inflation were to ever stop for a sustained amount of time I guarantee it would be a far worse political issue. In the meantime things always cost more tomorrow than they will today which is why I argued what I did: relative inflation control was better than it was for almost everyone else under Biden than Trump because it is one of the only ways to fairly compare administrations as each one experiences their one unique circumstances.
Well yeah, inflation is part of economic growth under capitalism. That's just how the system functions, no argument.
What people want is prices to come back down again, and that would require price controls (which Harris is actually talking about when she talks about stopping "price gouging" - I'm tentatively interested to see if she follows through on that)
Why do the colors on your version of that chart not match the legend?
They’re probably using a dark mode extension that’s messing with them
The OG charts have a darker legend too. I don't know why they did that. I upped the contrast and saturation to make it even clearer than it is on the source page.