inflation is still too high

[kanzeon_2040]

The largest newspaper in the US, which is also the largest newspaper to endorse Harris, and which hasn't endorsed a Republican for President since 1956 -- The New York Times -- this morning has a "news" article titled "Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?"

But inflation isn't back to normal. If you look at the

Comments

[legalmoose]

Yeah, I really don't understand the whole economist-splaining vibe at the NYT, especially when it's completely contrary to the reality that incomes are not keeping up with the increased price levels. it comes across as so incredibly tone-deaf, arrogant, and just plain stupid.

[kanzeon_2040]

Then, if pressed, they'll say, "But Presidents don't have many levers with which to affect the inflation rate."

Presidents can nominate fiscal hawks to the Federal Reserve, and they can work with Congress to reduce federal spending and increase income taxes. They can also publish regulations that increase the supplies of certain things, and can unilaterally decrease tariffs. Presidents can also "talk down" inflation to a certain extent, by promoting to the public that they will do the afore-mentioned things, and by explicitly granting the Federal Reserve political cover to increase interest rates.

[matrixmann]

You know, such whitewashing, direct lying and bending facts contributes to people turning away from the Democrat party, and overall from political fractions in the US which call themselves "left".
"Left" over there is just another version of lying and only seeking advantages for themselves - different than Republicans/conservatives, but still it's just that.