This week in Trumponomics: Maybe the Biden economy wasn't so bad after all?

[JohnSJ]

"Americans clearly voted against the Joe Biden economy in 2024, with inflation and the perception of Democratic ineptitude clinching Donald Trump’s presidential win. Consumer confidence jumped up after the election, as if economic salvation was at hand.

Just one month into Trump’s presidency, however, Americans are gloomier than they were at the end of Biden’s. The Conference Board’s consumer confidence index has sunk to the lowest level since last June. “Pessimism about the future returned” is how the Conference Board explained the shift. The index is now near the depressed levels of 2022, when inflation was raging, and the expectations index is near levels often associated with recession.

The investor class isn’t feeling any better. The monthly survey by the American Association of Individual Investors shows bullish sentiment to be at the lowest level since March of 2023. Since Trump took office, the S&P 500 index has dipped by about 1%, mainly because Trump’s tariff threats — and his attempt to dismantle the federal government — threaten growth and profits.

https://finance.yahoo.com/news/this-week-in-trumponomics-maybe-the-biden-economy-wasnt-so-bad-after-all-150007188.html

and even though this commentary underplays just how good things were under Biden, and overplays the false negatives, it makes the point that the greedy Wall Street jackasses are now concerned about who they put into the WH.

[somsai]

1. I care most about the income of the working class people in my neighborhood

Tradesmen, small contractors, construction workers, all hurt by policies of my party over the past few years.

I personally am doing great. Lost tons over the last 2 months, so what, it's just numbers on paper. Last week I attempted to "catch the falling knife" we'll see what happens.

[JohnSJ]

2. Exactly what policies are you talking about that hurt the working class so badly

under Biden and the Democrats?

If they hated Biden and the Democrats they are going to real enjoy union busting anti labor trump and musk.

They did the same crap with Reagan over Carter, only this time it will be worse.

The tariffs, trade wars, and the lost jobs. They haven’t seen anything yet.

Much of their problems were caused by trump’s mishandling of the pandemic, snd the fact that Democrats never had a sizable majority that wasn’t blocked by republicans, including refusing Obama’s SC appointments,

On those bad Democrats that gave us Social Security and Medicare, they fought for workers rights, women’s right, civil rights, the environment, workers safety on the job, etc, etc, etc.

The 50% of labor that voted for trump are going to get exactly what they deserve, unfortunately the 50% of labor that voted for Harris are going to also pay the price.

FAFO.

[somsai]

3. Actually we didn't split the working class vote with the Republicans, and we haven't for the last 3 elections

Biden lost the working class by 4, Clinton by 3, but Obama won us by 4 in 12. Obama was our last candidate with a claim to majority support from the working class. When the high quality analysis comes out in the spring we should have a better idea of how much we lost various demographic groups by. I don't think it will be pretty. Some Asian and some Hispanic sections of the Bronx and Queens we just out and out lost.

On the flip side we have gained ground with the white, the wealthy, and the college educated. In other words the Brahmins.

All of our great social programs were a long time ago by a different Democratic Party. We could hide behind them in the 80s but those days are long gone.

Instead of rejoicing over any bad things that happen to the working class under Trump maybe we could offer an alternative.

Screwing over the working class leads to things like Musk and Ukraine. There are only two choices when people enter the voting booth, we should offer one.

[JohnSJ]

4. Excuse me. Labor did split the vote. Latinos split the vote,. Women didn't come out in the numbers expected,

and of course the anti-Israeli protesters especially in the swing states refused to vote for Harris, and whet out of their way to encourage others to do likewise.

Not unlike what happened in the swing states when the self-identified progressives refused to vote for Hillary in the general election in 2016, and it didn’t take much.

In every critical swing state Hillary lost by less than 1%, while Jill Stein received 1% in those critical swing states.

and not surprisingly the Nina Turners, Cornell West, David Sirota, Brihana Joy Gray, Cornell West, etc. went on every “news” and social media platform pushing the LIE that their was no difference between Democrats and republicans, and encouraging young people to not vote for Hillary. Noam Chomsky went out of his way to warn about the foolishness and danger of that using what happened in Germany because of that as the example, but he wasn’t in the bubble these self-identified “all or nothing” were part of. Do it my way or I will take my marbles a go home so to speak.

Obama inherited the disaster bush left us with the financial implosion a direct result of the Reagan/Bill Clinton deregulation policies, which was a major factor in his victory. Biden inherited the mishandling by trump of the pandemic which contributed was a major factor in President Biden’s 2020 victory.

Probably the worst thing from the abandonment of the so-called self-identified progressives from voting for the Democratic candidates was the disintegration of the SC since 2000 and the placement of Leonard Leo’s federalist society judges that whittled away the Civil Rights Act, Voting rights, gave us Citizens United, corporations are people, and that a president is above the law if he occupies the WH because he is immune from illegal acts unless congress or the SC say otherwise.

What too many people, Joe Rogan fan boys etc, don’t understand is that the Democratic party’s strength of being an inclusive party, has also been it weakness, and has never given us a true majority in Congress, since conservative Democrats were always an obstacle to a true majority. Manchin and Sinema were the stumbling blocks that Biden had to deal with, and Obama had his share of blue dog Democrats which limited what he could accomplish.

The Republican Party changed also. For the most they no longer allow dissent within their party. They have become a cult.

This is what we are up against, and those who feel the need to try to portray a false equivalency between both party’s miss some very basic understanding of the way things are.

Even if one accepts the false equivalency argument between the two parties, which I don’t, just the differences in the SC appointments alone should be obvious.

The sad state of affairs is the country supported someone who tried to overthrow the government, a racist, sexist and bigot, whose platform was hate and division, verses a candidate who policies were exactly the opposite.

and that alone speaks volumes about the American people, and it isn’t a very pretty picture. We might be Germany and Italy in the 30’s.

[somsai]

5. Here's my source

[link:https://www.dropbox.com/s/re0gtn1o57fzwp5/Catalist_What_Happened_2022_Public_National_
Crosstab=0
s_2023_05_18.xlsx?dl|
It's the source used by the Democratic Party. The dependable estimates of the 24 vote aren't out yet, but it's not a stretch to assume that the trend is only accelerating. In order to win back minorities and the working class first we have to be honest about our failings.

[JohnSJ]

6. What is missing is those that didn't vote. Compared to 2020 the turnout was

less, and even a little decrease can make the difference in a polarized country in close elections.

Since there is no 2024 data to compare with I won't assume anything. This is not the same country it was in 2020 verses 2024.

Any small difference in voting turnout can change the outcome in a polarized country. I consider those who didn’t vote ,or voted third party was a vote for trump, because Democrats did not come out in the number anticipated in 2024.

There will be a price paid for that foolishness, and it hasn’t trickled down yet where it is impacting people.

Close to 90 million people didn't bother to vote in 2024. and yet when we have 60% turnout we want to congratulate ourselves.

https://www.usnews.com/news/national-news/articles/2024-11-15/how-many-people-didnt-vote-in-the-2024-election

[JohnSJ]

7. Here is why we lost according to this poll. 41% Hispanics approve

of trump and over 20% Blacks

https://www.democraticunderground.com/100220092924#post3

If that is an accurate then it supports what I said. Latins split the vote.