Thanks Jared for this explanation. I worry Democrats may find themselves fighting the last battle. The conventional wisdom seem to be that Trump won the election because voters were mad about inflation and Trump promised to lower prices. Now when those voters discover Trump is not able to lower prices they will vote for Democrats. But MAGA followed the data. Biden was killing the economy with mandates. When inflation spiked to 9% that was Biden's fault. And when it dropped to 2.1% then "prices were too high". Tariffs and deportation and deficits may raise prices. But they may have other effects. Tariffs are a one time price increase and may not drive continued inflation. Deportations may be more show than reality. Trumps crazy could just drive economy into a tailspin without inflation.
Thanks Jared for this explanation. I worry Democrats may find themselves fighting the last battle. The conventional wisdom seem to be that Trump won the election because voters were mad about inflation and Trump promised to lower prices. Now when those voters discover Trump is not able to lower prices they will vote for Democrats. But MAGA followed the data. Biden was killing the economy with mandates. When inflation spiked to 9% that was Biden's fault. And when it dropped to 2.1% then "prices were too high". Tariffs and deportation and deficits may raise prices. But they may have other effects. Tariffs are a one time price increase and may not drive continued inflation. Deportations may be more show than reality. Trumps crazy could just drive economy into a tailspin without inflation.