The ongoing public negotiation among Manchin, Biden, and progressive Democrats has made clear that Manchin has been trafficking the same old stale misinformation fiscal conservatives have been peddling for ages.
On the Great Ideas Podcast with Matt Robison, two top oil and gas sector experts – Mike Sloan and Andrew Griffith of the consulting firm ICF – explain what’s causing higher prices, what government leaders can do about them, and most importantly, when we can expect them to fall again
This type of coverage of the mere politics, as opposed to the underlying reality of inflation, constitutes in its own right a kind of disinformation campaign that risks turning working-class and middle-class voters back to the very Republican Party.
Republican dreams of taking back Congress in 2022 are based on voter anger over a bad economy, but estimates show unemployment hitting a 50 year low and inflation dropping.
According to the U.S. Department of Labor (DOL),
Donald Trump was so anxious to brag about “his” latest job growth and unemployment numbers that he broke the law by tweeting about them before they were announced officially by the U.S. government.
Not only does this show how ignorant Trump is about the operations of our government but it also shows that he considers the economic news very helpful to him politically.
He is right in the sense that two key factors influencing midterm election results in the past have been the sitting president’s job approval and the strength of the economy.
Clearly Republicans are counting on the strong economy to carry them to victory in November, but recent news is not as positive as they would like to believe.
There are many current factors that will influence economic performance for the rest of 2018, such as:
- Trump’s trade wars,
- Global instability,
- Rising gas prices,
- Rising inflation,
- The stagnant stock market,
- Rising interest rates, and
- The exploding federal deficit.
None of these things are good news for Trump and the economy.
The fact that Donald Trump is focusing on such distracting issues as a North Korean summit and a Mexican border wall show that he is trying to get the American public to think about things other than his lies and broken campaign promises.
The main thing Americans care about is their own pocketbooks, and their own feelings of security. Despite his boasting, Trump has done little to make most voters feel better.
The trade wars and new tariffs will raise prices on many products Americans buy, and they will also cause the loss of jobs.
Trump’s international policies, such as
dropping out of the Iran nuclear deal
First, the Republicans said they would win the 2018 midterm elections because they would “repeal and replace” Obamacare and everybody would be happy. But that strategy didn’t work out so well, and most Americans are unhappy with the costs of healthcare, as well as the lack of universal coverage. And most people still blame Republicans for this.
Then, the Republicans said they would win the 2018 midterm elections because of their great tax cut bill passed last December. But that hasn’t worked out so well either, as recent polls show that average Americans do not feel that they are benefiting from the tax cuts, which they perceive as primarily benefiting rich people, super-rich people, and big corporations. In fact, in some special elections (such as the one in Pennsylvania won by Conor Lamb) the GOP candidates completely stopped talking about tax cuts.
So now, according to many recent media reports, Republicans are saying they will win the 2018 midterm elections because of “the economy.”
A recent report in The Hill said:
Democrats are growing worried that the strong economy, and President Trump’s messaging about his economic stewardship, will help Republicans in this year’s midterm elections and have an even greater impact in 2020. Even as signs point to Democrats winning back the House, the party is concerned that their hopes of a blue wave could turn into something smaller if Trump and the GOP are effective on their economic messaging ahead of November.
Interviews with more than a dozen Democrats suggest a number of people in the party are worried that Democrats aren’t doing enough to provide a counterargument. “It’s a very big concern,” said Democratic pollster Celinda Lake. “The economy is the No. 1 issue out there for people and right now Trump has a very aggressive economic message that seems to cross traditional party lines to voters.”
What this points out is that Democrats must focus on bread and butter issues, and the #1 bread and butter issue is the economy. And in politics the reality is not as important as the perception. Democrats must create a perception in the minds of voters that they will do a better job with the economy than Trump and the Republicans.
The truth is that Republicans have kept wages stagnant while inflation is increasing, with rising costs for housing, healthcare, college education, and now gasoline. The good economy started under Obama and Trump is lucky that it has continued despite his actions of exploding the deficit and raising interest rates and inflation.
Trump may have perceived victories in foreign affairs, such as the North Korea summit, which won’t yield any lasting benefits for the average American.
Trump’s economic plan will confer vast monetary gains on the very wealthiest Americans while leaving Trump’s electoral base further behind.
The Bureau of Labor Statistics released June's jobs report on Thursday. The report was released a day earlier than normal due to Friday being a national holiday. The BLS showed that the economy added 288,000 jobs in the month of June.