On the menu today: I won't use the trite headline and James Carville quote, "It's the economy, stupid," but if the competitiveness of the 2024 presidential election baffles you, it's one part Biden being the oldest president ever (Ronald Reagan left office at 77!), and one part the fact that prices shot up in 2021 and everything — gas, groceries, rent, mortgages, cars — is still expensive. And as the Wall Street Journal lays out this morning, those high interest rates are now really being felt by ordinary Americans, as reflected by some absolutely devastating economic statistics. In short, the average American can't afford to buy a new car or a new house anymore. No one's going to heed Democratic happy talk about the economy when that's going on, and that's likely one big reason so few Americans are worked up about, or even paying attention to, the latest unhinged rants from former president Donald Trump.
High Prices and Interest Rates Are Probably Going to Stink for Another Year
If Americans feel like the economy is doing well in autumn of next year, President Biden will probably win another term. If Americans do not feel ...
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 | | | | | WITH JIM GERAGHTY September 26 2023 | |  | | WITH JIM GERAGHTY September 26 2023 | | |  | | On the menu today: I won't use the trite headline and James Carville quote, "It's the economy, stupid," but if the competitiveness of the 2024 presidential election baffles you, it's one part Biden being the oldest president ever (Ronald Reagan left office at 77!), and one part the fact that prices shot up in 2021 and everything — gas, groceries, rent, mortgages, cars — is still expensive. And as the Wall Street Journal lays out this morning, those high interest rates are now really being felt by ordinary Americans, as reflected by some absolutely devastating economic statistics. In short, the average American can't afford to buy a new car or a new house anymore. No one's going to heed Democratic happy talk about the economy when that's going on, and that's likely one big reason so few Americans are worked up about, or even paying attention to, the latest unhinged rants from former president Donald Trump. High Prices and Interest Rates Are Probably Going to Stink for Another Year If Americans feel like the economy is doing well in autumn of next year, President Biden will probably win another term. If Americans do not feel ... READ MORE | | | | |
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Cane by Jean Toomer 
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