Reply to Trump wins over Biden in NBC poll for the first time, as president’s approval craters to new low

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Someone didn't learn from 2016 polls that polls are not always accurate.

Polls have also shown that the incumbent POTUS can be behind and still win.

https://www.nytimes.com/2023/11/16/us/politics/biden-trump-election-presidents-polling.html[/quote]

For the incumbent president to lose, you’d need a [b]*major* economic[/b], foreign policy or domestic [b]crisis[/b].  And probably a combination of at least two.  GDP is strong, the unemployment rate is low and inflation is trending downward.  Nobody has to wear masks at the grocery store any more.  And say what you will about Ukraine and Israel, but not one American soldier has died in those conflicts.  From that vantage point, Biden is going to be very hard to beat.[/quote]

Have you been living under a rock?  We have had this already with Biden’s inflation exploding costs for everything. [/quote]

Inflation’s going down, my friend. I know that makes you sad but it’s the reality. [/quote]

It's blatantly obvious you don't understand the concept of inflation. The funny thing is that when inflation is going down, [i]there is still inflation.[/i] The difference is that instead of, say, 10% inflation, it's "only" 5% inflation. But it means while inflation may be going down, costs are still going up. Inflation going down does not mean costs/prices going down. And that's it in a nutshell.

Why is it relevant? Because the vast majority of households have seen real declines in their buying power over the last few years. The vast majority of people have not seen salary increases to keep up with inflation. Even if your salary went up 10% over the last two years, the real buying power of that salary has fallen noticeably despite that 10% increase.

Which is why Biden is polling so badly on the economic topic and so many people saying Biden's policies have specifically hurt them. The massive federal spending absolutely fueled inflation. It wasn't the only factor but it was a major factor in inflation. It's classic Economics 101, flooding the economy with money always leads to inflation.

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