Dems are good at this capitalism thing. Rs not so much.
Great write up as always Simon. What's even more exciting is that the CHIPS act and many policies in the Inflation Reduction Act are only seeing the slightest light over the horizon at this time. They should really start to kick into jobs later this year and last through the next 4-5 years. Hopefully that keeps job growth going.
Also in a classically tight labor market you might expect low-wage sectors to be losing bids for workers and tech growing as companies hire to automate things, but right now it’s actually the opposite.
Wonderful summary of the “what”.
As we go forward, we’ll need to support with the “why” and the “how”. The “why” is kinda obvious (better quality of life for all... pursuit of happiness...); the “how” is not so obvious to most people (according to Navigator surveys). It’s things like IRA, BIL, CHIPS, Recovery Act, Obamacare and Biden’s “bottom-up, middle-out” approach versus the discredited trickle down, regulatory anarchy approach of the gop.
I agree there needs to more awareness about how good democrats are for the economy but the other economic issue is at the state level blue states like California and New York have higher taxes and higher cost of living then red states and I think Republicans in the red states successfully use this to stay in power ie if you elect democrats your taxes and the price of goods like gas will increase.
Please put a revision date on each chart! Thank you.
Two quick thoughts after reading this excellent summary:
1. Remove the record-setting domestic oil production from the list of Biden Administration accomplishments. The 18-30 year old demographic we need to hit 55 is pretty woke about climate change, and this will not be seen as a +.
2. Do not 'talk down' to the younger cohort when recruiting them; they do not need age-adjusted versions of the powerful arguments, and will detect the condescension. They will hear and understand well-crafted stories of who has accomplished what, and who is responsible for the things that negatively affect their lives. It does not have to be reduced to pop-culture sound bytes.