| ▲ | toomuchtodo 6 hours ago | ||||||||||||||||||||||
Well, that's the problem, these people are wildly uneducated and unsophisticated. They are voting their feelings. Prices levels do not come down without a depression, even if inflation slows. Their only solution is wages going up. Do they have a mechanism to push wages up? Taxes must go up, they have been too low for too long and the debt has accumulated (~$38T in US treasuries alone) and will need to be paid back or defaulted on. Insurance costs continue to rise due to rapidly increasing costs of materials and labor, as well as climate change (the US is currently spending ~$1B/year on climate driven events). Growth is over because the US population is not growing (tangentially, total fertility rate is below replacement rate in more than half of countries in the world, and this trend will continue). 401ks predicated on the S&P500 are held up by AI investment (which is outpacing consumer spending, the primary driver of the US economy, over the last year to the tune of ~$400B) and the Mag 7. When this stalls, everyone is going to be sad and not feel as wealthy as they did previously (“wealth effect”). Happiness is reality minus expectations, and the future is not going to be as good as the past, based on available data, evidence, and trends Everything is downstream of that. The vibes might be bad, but they ain't gonna get better. Financial Times: The consumer sentiment puzzle deepens - https://www.ft.com/content/f3edc83f-1fd0-4d65-b773-89bec9043... | https://archive.today/nFlfY - February 3rd, 2026 (some component of price increases has been predatory monopoly gouging covered extensively by Matt Stoller on his newsletter https://www.thebignewsletter.com/, but for our purposes, we can assume this admin isn't going to impair that component of price levels and inflation with regulation for the next 3 years) | |||||||||||||||||||||||
| ▲ | jandrewrogers 6 hours ago | parent | next [-] | ||||||||||||||||||||||
> Well, that's the problem, these people are wildly uneducated and unsophisticated. They are voting their feelings. This is what people who "vote their feelings" would assert. Most people think they are "sophisticated" and "educated" on these issues, both Democrats and Republicans. There is ample evidence that this is not the case for either. Politics is completely driven by uncritical "just so" narratives. The people pushing the discourse never check or justify their assumptions with actual data. This is the real issue. | |||||||||||||||||||||||
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| ▲ | xienze 6 hours ago | parent | prev [-] | ||||||||||||||||||||||
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