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2023-10-10 Home Front: Politix
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Why Bidenflation defines Bidenomics — and voters will react in 2024
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 [NYPOST] As the world burns and President Joe The Big Guy Biden
...46th president of the U.S. Old, boring, a plagiarist, fond of hair sniffing and grabbing the protruding parts of women, and not whatcha call brilliant ... or is that an act?...
’s inadequacies grow only more obvious, Democrats reassure themselves that voters next year will care most of all about domestic issues.
And there, they think, Biden has something to be proud of: Bidenomics.
The economy has delivered good news in recent months — inflation is slowing and employment is booming.
The latest jobs numbers have been rapturously reported by a wide swath of the media. "Jobs report shock: American economy added a stunning 336,000 jobs in September," ran CNN
...formerly the Cable News Network , now who know what it might stand for...
’s headline.
Yet the same web page trumpeting that achievement carried an analysis by CNN’s David Goldman acknowledging the economy still "feels lousy for many people," and according to the network’s own polling, "A majority of Americans say President Joe Biden’s policies have made economic conditions worse."
The historian Titus Livy, surveying the last days of the Roman republic, concluded, "We can endure neither our vices nor their cure."
In our case, we can endure neither inflation nor its cure — and voters are mad about both.
A year ago, Democrats breathed easy: Yes, they lost control of the House of Representatives, but the midterms were not the rout for Biden’s party that everyone expected, despite the dizzying inflation rate.
Republicans were perplexed: Were Americans really indifferent to escalating prices and the tumbling purchasing power of the dollars in their wallets?
Just as puzzling was the way voters seemed not to punish Democrats for heightened levels of violent mostly peaceful crime.
In 2020, even with all the headwinds Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and whatever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
faced, many in the GOP thought the riots and rising crime of that summer and autumn would secure his re-election.
It was 1968 all over again, and Trump was the new Nixon.
And by last year’s midterms, Joe Biden was meant to be the new Jimmy Malaise Carter
...only the second worst president ever...
, presiding over a country beset by malaise, whose best years seemed to be in the rearview.
Yet only now does inflation appear to be doing the damage to Biden that conservatives thought it would do from the start, even though economists say the worst of it is now behind us.
Crime is also catching up with the Democrats, despite assurances from liberals that murder rates in many places are stabilizing or falling.
What prognosticators on both sides get wrong — and I did too — is the degree of "latency" in American politics.
Those of us who follow politics closely assume ordinary voters will react as quickly as we do to the latest numbers and trends.
Yet the current mood of the public, as well as its reactions in 2020 and 2022, is easily accounted for by taking a lag into account.
Voters really do care about crime and inflation but only once the experience of these evils has had time to reshape their outlook.
And where inflation is concerned, the cure is almost as painful as the affliction.
Higher interest rates hurt homebuyers. Bringing down prices means throttling wage growth, too.
Every trip to the supermarket and gas station reminds voters of what inflation has done, yet the pain doesn’t vanish just because professional economists say the forecast is brightening.
And as inflation-reducing measures take hold, groceries and gasoline remain expensive while the pinch of new constraints is felt.
This has been going on long enough for Americans to get sick of it and sick of the president under whom it’s been happening.
Biden can’t complain of any injustice here: If he’s not getting credit for the good news, he didn’t get the full blame he deserved for the bad news earlier, either.
Americans gave Biden a loan, in effect, both in 2020 and 2022. Now the payments are coming due — and those interest rates are up.
After three years, Bidenomics means Bidenflation to most voters.
Meanwhile,
...back at the barn, Bossy's udder had begun to ache...
cities remain unsafe, even if not every ZIP code is growing more violent mostly peaceful, and bloody events around the world are spiraling beyond the president’s control.
Will things get better in the next 12 months — and will Americans feel an improvement quickly enough to reward the octogenarian incumbent with four more years?
On paper, Joe Biden was just the man to give citizens a sense of stability again after the drama of the Trump years.
He was a familiar face of the past — a link to the Obama years and earlier — at a time when voters were deeply troubled about the present.
Now they’re no less troubled, and their most recent recollections of peace and prosperity date to the Trump era.
Bidenomics holds little hope of saving Biden, no matter what happens next.
The damage is already done, and now that voters have had time to process it, they’re prepared to deliver a damning verdict.
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Posted by Fred 2023-10-10 00:00||
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Posted by Tom 2023-10-10 11:35||
2023-10-10 11:35||
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