Umm because Republicans proclaim that the spending is the problem not the solution, hence inflation. They use simple explanations and logic that anyone can understand on Fox news to explain away why the spending bills earlier by Democrats were evil and demonically socialist/communist and that's the reason why young people are becoming lazy and not working. Supposedly an economy that doesn't "pull itself up by the bootstraps" is a disgusting"socialist pig" that will die to it's own lack of protestant work ethic, thereby exacerbating and leading to increased inflation that isn't transitory anymore.
Democrats just don't have any simple explanations nor are they using this as an opportunity to yet again bash so called satanic Marxists dwelling within the party of the opposition.
I agree with the first paragraph, insofar as many people see it this way. It's an important political understanding.
Lexicus is correct, now that China is an unreliable trading partner and the post covid world is ever more dependent on microchips, the long term anti-inflation measure is going to be through investment in productive capacity aka via spending.
And some Democrats have a simple explanation, aka Joe Biden saying the supply shortage is the cause of high prices and the solution is to fix the supply shortage. The satanic Marxists are, of course, on board.
That pipeline cancellation is still creating Republican voters.
Most won't read the spending bill. But they will look for the obvious, notice the conflict in narratives, and decide who is lying to them.
The foremost bottleneck in prices is microchips. Congress passed a targeted spending bill worth $52 billion to invest in overcoming that. The Senate vote was 64-33 and virtually all no votes in both houses are Republicans. The is Joe "Thanks Brandon's" suggested initiative. Meanwhile, oil prices only spiked above pre-inflation levels with the Russian war, there was no oil driver to inflation until after the inflation started. The pipeline can cause as many Republicans as it does (and does it really?), it isn't the cause nor the solution.
So just who is lying to whom? You have GenMarshall saying
"we're still in a recession" in 2012, so obviously he's never given a care about "2 consecutive quarters of GDP contraction" until right now. So who's lying? The Democrats his 2012 self agreed with, or the Republicans he agrees with now? And worse, who is believing their own lies? How will you expect someone to find the obvious when they can't find the facts, let alone remember themselves? FWIW that post from 2012 calling a growth year still a recession is infinity times more honest than "Thanks Brandon" for the "recession".
Speaking of obvious, I've been explaining supply side inflation for over
8 years on this website and
10 years explaining inflation.
So when supply side inflation finally happened, I've noticed a real shortage (hah!) of everyone saying "wow Hygro, thanks for preparing me to be able to understand exactly what is happening". You would think anyone with more than 3000 posts in OT would know, if they could be trusted to read and analyze
the obvious. Now I know you, Farm Boy, have been reading carefully the whole time. And there's a few others, of active members there's Lexicus, El Machinae, Samson, probably about 5-6 others. But there's at least 50-100 active OT members. And most of them have no idea that I've been calling it correctly in advance.
So speaking of more obvious:
You have Joe Biden saying in his State of the Union that to reduce inflation we need to invest in productive capacity, hence the investment into microchip manufacturing in Ohio, for example.
Joe Biden has the answer. Our centrist president everyone loves to hate. However,
it is up to Congress to meet that answer, 66% of Senate Republicans and like 90% of House Republicans are against it. More than 99% of Democrats are for it.
So how are Republicans going to fix it?
Democrats are offering spending bills against recession threat, that are also targeted to reduce long term inflation. Republicans are against most of it, making them pro near term recession and pro long term inflation. So really, who is lying? All these people who suddenly learned they believed all along recessions are simultaneously 2 terms of GDP contraction but also caused by inflation? Or me?
