Earlier quoted context omitted.
Metrics are averages that obscure the heterogeneity of base reality. About 100 million Americans own no significant assets. Metrics that show stonks going up is not lived by these people. They hold some fiat which deteriorated in value and a real wage which has declined because housing inflation is a larger proportion of their expenditure than what the CPI basket has weighted. Housing ownership is further out of reac…
The same people will vote for radical conservatives after inflation and prices rises again. And they won't vote for democrats no matter well democrats run the economy. It is not inflation. Inflation is something they latch on when convenient.
Dems performed well among the people that benefited from inflation -- boomers who owned homes and the college educated who own assets.
Republicans performed well among the people who were harmed the most by it. Hispanics, and those without college degrees.
Incumbents everywhere, left or right wing, are falling because of inflation.