Friday, December 15, 2023

Biden's message failing the working classes

Joe Biden can deliver a speech, though of course he does stumble a bit. There is no need to do it all live. You can film and edit. 

What I talk about below is one item on the mind of Trump voters. However, it may be very tiny overall. The Trump base is angry. When people are angry about their situation it is difficult to change their mind. And....when it is all over, they seem to forget how they decided and claim that the result was "not their fault." Voters never take blame for what they got after the election.

Back to the topic. Joe's image.

That is neither here or there, the main problem is the message. It is not good to boast about the markets, the economy or even jobs figures. The person just getting by will feel even more of a loser reading about all this success. The success of corporations. On the personal level, wages did not go up as much as costs of consumer goods. The speech writers are failing. He needs to hire a writer with a bachelor's degree in poltical science or journalism. One that paid their own way through college. Address the needs of a person just getting by. Inflation increased prices and wages went up a little. But not enough. These people are not putting money into 401K accounts. The ones with the college degrees are. There are some small things improved for the consumer, but the details seem to be "not news." One item I have looked at poorly...I don't really do economics any more than catching a "meme" here and there...is debt. There seems to be some consumer debt in the picture. See link at the end.

Home prices have been another factor. Starter homes need to be built and Biden has made a small effort in this. The plan is for "500K" homes in the lower price end.

A person on a message board I follow put it best:

"We can look at home prices, wealth inequity and taxation, student loans, social safety nets, energy and the environment, childcare and healthcare costs, etc. and not seeing a future where major reform is required for it to work for anyone not eyeballing retirement."

I guess even I don't see the situation quite as it is, since I am in fact retired. I am not going to criticize things at the federal level, they did remarkably well past the pandemic. And I also know that Trump did nothing for me in the long run. We retirees, working class folks and students are not in the tax bracket where Trump helped out. But he will tell them he did, and the Trump base will believe him.

Meanwhile, I now shop for everrything: services, coffee at under 6 dollars a bag or new tires. We all do that now.

LINK to economics, personal debt:

https://www.usatoday.com/story/news/politics/2023/09/15/americans-gloomy-about-economy/70833096007/

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