inflation Articles
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Governor Kathy Hochul’s revival of congestion pricing has sparked heated debate among New Yorkers, amid widespread frustrations with her administration.
Hochul’s proposal, set to begin in January 2025, introduces a $9 toll for vehicles entering Manhattan's Central Business District during peak hours. This is intended to reduce traffic congestion and generate approximately $15 billion for the Metropolitan Transportation Authority's capital projects.
The initiative has faced criticism from various groups, including New Yorkers, with a viral clip of Hochul explaining the tax could have been $15, but instead is only $9. Many point out the incoherence of presenting this as a savings, when non-congestion pricing is nothing.
Did Kathy Hochul just do the Tik Tok trend “girl math” with congestion pricing? https://t.co/TSRfYqtTOq
— West Village Guy (@VillageWest14) November 18, 2024A Tax Burden on the Working Class
Perceived Inequity
New Yorkers see the $9 toll for entering Manhattan as a financial burden disguised as a cost-saving measure. While Hochul frames it as a reduction from $15, critics say, regardless of the cost, the tax disproportionately affects middle- and lower-income groups who depend on their vehicles for commuting. The toll, coupled with high living costs and inflation, adds to their already stretched budgets.
Distrust in Leadership
Many commenters express skepticism about Hochul’s fiscal priorities. Complaints focus on mismanagement of taxpayer dollars, highlighting issues like fare evasion on public transit and rising costs without corresponding improvements. New Yorkers see the toll as generating revenue at the expense of struggling residents.
Dissatisfaction with Public Spending
Critics frequently cite misallocation of state resources as a point of frustration. Funds directed toward illegal immigrant assistance are often contrasted with unmet needs in transit efficiency and public safety. This fuels sentiments that Hochul’s administration is out of touch with the struggle to afford living in New York.
Political Discontent
Leadership Critiques
New Yorkers and outside observers regularly criticize Governor Hochul as a perfect representation of extreme liberalism. They accuse her of being an elite, disconnected from voter realities. This perception is tied to broader frustrations with Democratic leadership in New York, which many view as prioritizing ideological goals over practical governance.
Economic and Crime Concerns
People view the congestion toll as part of a pattern of rampant governance failures. Critics link it to other policies they feel have worsened the quality of life, such as lenient bail reform laws and insufficient measures to address crime and public safety.
Ideological Priorities
The policy also intensifies debates about liberal dominance in state politics. Many call for a political overhaul and alternatives to what they view as corrupt and ineffective leadership. This dissatisfaction is a rallying point for voters considering Republican candidates.
Transparency and Incompetence
Revenue Allocation Skepticism
Distrust in how toll revenue will be used is a recurring theme. Many question whether funds will genuinely improve transit or if they will be lost to bureaucratic inefficiency. New Yorkers are offended at the audacity of Hochul to frame the $9 toll as a “savings,” calling it condescending and deceptive.
Messaging and Public Trust
Hochul’s communication around congestion pricing alienates voters who already feel neglected and taken advantage of by leaders. Many find the messaging tone-deaf, with comments suggesting the public is insulted by the idea that implementing a $9 toll is actually a win for government.
A 🧵looking at the Governor's statement announcing the return of the #CongestionPricing tax:
— Joe Borelli (@JoeBorelliNYC) November 14, 2024
1) This isn't a "40% reduction in Congestion Pricing Tolls"... the toll is $0 today. This is a 100% increase in Congestion tolls to $9. This is Orwellian. pic.twitter.com/BhoGAAaZdFFinancial Burden on Workers
Union members and leaders view congestion pricing as an unfair burden on working-class and middle-income families. They say a toll disproportionately impacts those who rely on vehicles due to limited public transit options.
Public Transit Issues
Union voices align with broader critiques of the MTA, citing fare hikes and declining service quality. They argue congestion pricing shifts financial responsibility onto vulnerable populations instead of addressing poor transportation management.
Union Opposition and Mobilization
Legal challenges, such as a United Federation of Teachers (UFT) lawsuit to stop the congestion pricing program, illustrate the growing opposition to New York governance from unions. Many Teamsters view Hochul’s policies as predatory, reiterating the shift away from Democratic politics which was clearly demonstrated in the 2024 presidential election.
20
Nov
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Discussion is growing around Social Security as Americans worry about the future. While Social Security is a crucial safety net for many, public discourse reveals concern about sustainability and a desire for reform. Americans are anxious about economic stability, intergenerational equity, and whether government leadership is trustworthy.
💯"We're pretending and lying to the American people that the social security funds that are extracted from their checks is sitting in a lock box...The money is taken out of your check now, and that money is then given to those people who are retiring now!" pic.twitter.com/1HPIZZwVg7
— Rep. Chip Roy Press Office (@RepChipRoy) November 12, 2024Support with Concern
- Most Americans express loyalty and concern for Social Security, though the degree of apprehension varies.
- Roughly 55-70% of comments worry about the program’s long-term viability, fearing rising costs, inflation, and potential mismanagement could jeopardize future benefits.
- Many view Social Security as an essential pillar of American life that should be preserved, but question whether current economic conditions will allow it to sustain future retirees.
- Anxieties are amplified by discussions about inflation, with many calling for adjustments to benefits that better reflect the rising cost of living.
Reform and Modernization
- Americans who support Social Security largely agree on the need for reforms to secure its viability without compromising the core mission.
- Around 25% of voters want moderate reforms to improve efficiency, while another 15–20% urge for substantial overhauls.
- Proposals include raising the cap on taxable income, implementing means testing, and modernizing payment structures to adapt to demographic and economic shifts.
- Demands for reform are coupled with critiques of government waste and inefficiency, suggesting redirected funds could reinforce Social Security.
Generational Equity and Economic Tensions
- There is also a generational divide in viewpoints. Younger Americans, skeptical about the program’s sustainability, worry they may never receive benefits equal to their contributions.
- Some frame Social Security as a “pay-as-you-go” system at risk of insolvency due to shifting demographics and economic challenges.
- older generations emphasize that they have paid into the system throughout their working lives and deserve the benefits promised.
- Economic pressures also spark discussion about broader fiscal concerns like wage stagnation and inflation.
Political Divisions
Social Security discussions are further polarized along political lines, with partisan affiliations shaping views on reform.
- Conservatives typically favor budget restraint and cuts to ensure sustainability, while progressives advocate expanded benefits and funding.
- Recent reports reveal an added layer of division tied to leadership perceptions, with mixed expectations for Trump’s proposed efficiency-focused reforms.
- While some anticipate positive changes, others express doubts about the sincerity or impact of his administration’s policies.
- Discussions branch into related issues like tax policies and foreign aid, with some arguing resources allocated abroad could instead bolster Social Security.
Who is ready for tax cuts!?!?!
— Anna Paulina Luna (@realannapaulina) November 14, 2024
We are ending taxes on social security, tips, and overtime!Technology and Government Distrust
A recurring theme across discussions is lack of trust in government.
- Many Americans doubt current government structures can effectively protect Social Security, citing past inefficiencies and instances of mismanagement.
- Skepticism extends across party lines, with people questioning whether promised reforms will genuinely strengthen the program.
- Some say technology could enhance Social Security’s resilience by streamlining operations, reducing administrative costs, and increasing transparency, thus potentially restoring public trust.
15
Nov
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Trump’s 2024 presidential win is rapidly shifting expectations and realities across many sectors—including cryptocurrency. Crypto markets are surging to new highs, crossing $85,000 for the first time at the start of the week.
BREAKING: $85,000 #Bitcoin NEW ALL TIME HIGH 💥🚀 pic.twitter.com/ZkqhrytriY
— Bitcoin Magazine (@BitcoinMagazine) November 11, 2024Now, the crypto community is discussing the potential longer-term impacts of a second Trump administration, including market movements, regulation, and a strategic Bitcoin reserve.
You might want to buy Bitcoin. pic.twitter.com/mEjFNOACgm
— Altcoin Daily (@AltcoinDailyio) November 6, 2024Crypto Voter Reactions
MIG Reports data shows:
- 70% want policies reducing government oversight in financial innovations.
- 65% of crypto voters are optimistic about a Trump administration’s impact on digital assets.
- 60% express hope for clearer regulations that protect rather than restrict crypto.
- 50% criticize legacy media’s portrayal of crypto and its neglect of blockchain’s benefits.
- 55% believe a Harris administration would have introduced unfavorable crypto policies.
Bitcoin Highs and Market Optimism
Almost immediately after Trump’s win, Bitcoin and other cryptocurrencies pumped, spurring discussions around:
- All-time highs: Bitcoin reached multiple new all-time highs following Trump’s victory, mirroring record gains in traditional stock markets.
- Increased trading volume: Trading volumes across major cryptocurrencies surged, reflecting renewed investor interest and perceived market stability.
This price movement isn’t the only reason to be bullish in crypto community—it’s symbolic of future positive movement. Many say the surge signals a political optimism toward decentralized finance, rejecting traditional financial systems which are over-regulated and restrictive.
Trump’s recent history of embracing crypto and making promises the community supports increases market optimism. Crypto voters who supported Trump are eager to see what his administration brings in the way of crypto regulation clarity and preventing a CBDC.
Enthusiasm and Policy Optimism
Beyond price pumps, the tone in the crypto community is optimistic about Trump’s impact on the industry.
Regulatory Relief
Many expect Trump to support less restrictive policies, anticipating an administration that leans into free-market principles. They want:
- Broader institutional adoption of cryptocurrencies.
- Greater regulatory clarity, particularly in navigating securities laws and tax regulations.
- Policy measures that prioritize financial innovation over governmental oversight.
Strategic Bitcoin Reserve
Crypto voters are excited about Trump’s promise to establish a strategic Bitcoin reserve as a safeguard against broader economic uncertainties. They view this as strengthening the U.S. economically and positioning it as a global crypto leader. Many are growing more positive about having J.D. Vance in the administration, considering his history in venture capital and crypto-related tech industries.
Global Relations and Market Confidence
The community voices excitement about Trump’s relationships with foreign leaders, especially with countries like Russia and China. They believe a Trump administration could reduce international tensions, creating a stable environment for investment that directly benefits cryptocurrency markets.
Contrast with Harris
Many are relieved to have avoided a Harris administration, which would likely have leaned toward regulatory intervention. Voters speculate a Harris presidency would have dampened crypto enthusiasm through heavier restrictions and oversight on digital assets.
Overall, crypto voters view Bitcoin’s post-election rise as a financial victory and part of a larger paradigm shift toward decentralized finance. They see crypto assets as increasingly vital in a landscape where traditional financial systems are perceived as vulnerable to external pressures.
Geopolitical and Economic Signals
A bull market in crypto and traditional markets is also influenced by anticipated changes in global dynamics. Investors view Trump’s assertive foreign policy as a stabilizing force—one that fosters economic confidence beyond U.S. borders.
Global Stability Expectations
Trump's win coincides with immediate signals of reduced international tensions. His approach to foreign policy, which prioritizes economic interests, offers a sense of reassurance regarding:
- Dissolving migrant caravans at the border, which voters see as moving toward controlling immigration.
- Potential peace overtures with Russia, China, and the Middle East, likely to stabilize global markets and benefit U.S.-aligned economic interests.
Shift in Energy and Trade Dynamics
Comments in the crypto community suggest energy self-sufficiency and the move away from reliance on adversarial energy sources (e.g., Russian gas) could reinforce economic independence—an essential condition for a flourishing crypto market reliant on stable, decentralized finance.
Projections for Crypto Under Trump
While immediate data points reveal optimism, crypto voters also discuss their future hopes for crypto under Trum:
- Long-term market growth: If Trump’s administration delivers on regulatory relief, crypto investors expect prolonged growth for digital assets, with Bitcoin likely testing new highs. Trump’s anti-establishment stance, combined with crypto’s decentralized appeal, stokes enthusiasm.
- Institutional adoption: With a stable political climate, more traditional financial institutions may enter the crypto space. Banks and investment firms could see Trump’s policies as a green light for incorporating digital assets into portfolios, leading to higher market penetration.
- Global integration: Trump’s foreign policy approach, if it promotes energy independence and stable trade relations, could make the U.S. an appealing hub for crypto. Increased international cooperation could facilitate smoother cross-border crypto transactions, enhancing the legitimacy of digital finance worldwide.
12
Nov
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The October 2024 jobs report only inflames concerns about the economy as a central election issue. The report, which revealed only 12,000 jobs added, fell drastically short of the 100,000 expected. This also comes after multiple reports were revised down, including nearly one million from April last year to March of this year.
The biggest story of the week was the jobs report:
— David Sacks (@DavidSacks) November 4, 2024
October: 12k new jobs when 100k expected. Job growth negative if govt excluded.
September: 254k revised down to 223k (-31k).
August: 159k revised down to 78k (-81k).
Instead they got us focused on a fake poll.Many also point out that what little growth there is, comes from government job growth and foreign-born worker growth. The impact of immigration on employment continues to anger Americans who struggle every day to pay their bills.
This is why so many Americans could give 2 💩 about “celebrity endorsements.”
— Allison Dyer (@3rdGener) November 4, 2024
“How dare you, get on TV and tell me who is the morally superior candidate? When’s the last time you had to put back socks at Walmart, because you can’t afford to buy them for yourself and your… https://t.co/toKZYWVcJt pic.twitter.com/j9lbDd0ZPBElection Implications and Future Projections
The current economic situation places job growth and employment policies at the forefront of the electoral landscape. As job data continues to underperform, voters want leadership that will practically improve their lives.
Given strong disapproval among Independents and center-right voters, the jobs report likely pushes people vote for Trump. Many who are in essential swing states appear ready to shift support away from Harris and pull the lever for Republicans.
- Swing Voters and Independents: Approximately 60% of swing voters are voicing frustration with the administration’s job creation record.
- Calls for a Change: A majority of Americans say the country is heading in the wrong direction. They want private-sector-driven policies over government expansion.
- MIG Reports Data: When the Oct. jobs report was released, discussion volume spiked while sentiment dropped from 46% to 40%.
Disillusionment with Job Growth
October’s weak job creation figure of 12,000—a substantial drop from expectations—causes anger and disappointment. Compounding the issue, job data for previous months is consistently revised downward, with September's jobs adjusted from 254,000 to 223,000 and August’s from 159,000 to 78,000.
These ever-weakening numbers drive deflated emotions about the economy under Biden-Harris, where “Bidenomics” is often cited as to blame.
Top Discussion Points
- Dismal Numbers: Only 12,000 new jobs were created in October, marking the lowest monthly growth since 2020.
- Private Sector Decline: Excluding government jobs, job growth was negative, intensifying frustrations at the Democratic focus on expanding public sector roles.
- Manufacturing Losses: October saw a loss of 46,000 manufacturing jobs, a statistic voters interpret as a sign of economic decline rather than growth.
Voters widely view these trends as indicative of a stalled economy, with many drawing contrasts to the “Trump boom” years. They say job creation was stronger and more favorably distributed across private sectors.
Many also complain that, even when they have work and increasing pay, their quality of life is decreasing because of inflation. This disappointment and desperation are driving people to decry the last four years—a point which the Harris campaign is forced to embrace.
Tim Walz is right. We can’t afford four more years of this! pic.twitter.com/SP9NPUmSeE
— TheLizVariant (@TheLizVariant) September 29, 2024Government vs. Private Sector Job Growth
Americans are particularly angry about the makeup of job growth. Government employment overwhelmingly accounts for the pitiable growth numbers, which many see as unsustainable and “non-productive.” Voters say expanding government jobs does not stimulate the economy or boost GDP, which they view as the true engine of economic resilience.
The contrast in campaign platforms also becomes stark as Harris’s flagship economic contribution is more government workers while Trump has promised to appoint Elon Musk to decimate government bloat in a Department of Government Efficiency (DOGE).
Who else thinks Elon Musk should cut 80% of the Government Jobs when Trump is Elected ? pic.twitter.com/Kcyi9t97fk
— Marjorie Taylor Greene Press Release (Parody) (@MTGrepp) October 19, 2024Top Discussion Points
- Government Dependence: Most new jobs are government, a fact voters feel props up employment numbers without improving economic conditions.
- Private Sector Struggles: With manufacturing and other private industries shedding jobs, voters feel job creation is artificial, lacking the dynamism required for sustainable growth.
For many, this trend signals an economy increasingly dependent on government intervention. Voters worry continuing in this direction will stifle private sector vitality and limit opportunities for recovery, ultimately worsening quality of life.
Immigration and Job Competition
The issue of immigration adds to voter ire. More and more voters believe lack of border control contributes directly to job disadvantages for American citizens. They say prioritizing employment opportunities for American-born workers should be a top focus, rather than policies that increase labor market competition.
Top Discussion Points
- Foreign-Born Workers: Many of the jobs added have gone to foreign-born workers, resulting in a net loss for American-born workers.
- American First: There is a strong sentiment that labor efforts should focus on hiring American citizens first to stabilize the job market for citizens.
Americans increasingly see poor border policies as a job competition issue but also emblematic widespread economic mismanagement. As the workforce grows through immigration, many worry American workers will bear the brunt of stagnant job growth.
Ideological and Political Reactions
Despite the dismal economic signals brought on by the Biden-Harris administration, there are still clear partisan divides. For conservatives, Democratic policies are synonymous with heavy-handed government control, tax hikes, and regulatory expansion.
Voters who lean right overwhelmingly see the solution as returning to the economic policies of the Trump era. They want American worker jobs, tax cuts, deregulation, and reduced reliance on government roles. Many also support Trump’s tariffs plan.
Top Discussion Points
- Free-Market Advocacy: Americans want private-sector job creation through deregulation and minimal government intervention.
- Economy Concerns: Fears about inflation, increased taxes, and a lack of opportunities have driven some Democrats and Independents toward Trump.
Disillusionment is not confined to conservatives and MAGA voters. Traditional Democratic voters and many Independents are voicing dissatisfaction. Concerns over Harris’s role in worsening inflation, combined with poor job reports, lead some former Democratic supporters to reconsider their loyalties.
05
Nov
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American feelings about their wallets are dismal, with constant discussions about the economy, inflation, and housing prices. There is unrelenting frustration and discontent with voters online as people tie the direction of the country to dissatisfaction with Biden and Harris. They want change, strained by daily financial pressures and perceptions of governmental inadequacy.
🚨 CNN ANALYST: Just 28% of Americans think the U.S. is on the right track. The incumbent party usually loses when that number nears 25%, and wins when it is near 42%. This is a bad sign for Kamala Harris. pic.twitter.com/tCbXkPLihD
— Eric Daugherty (@EricLDaugh) October 4, 2024Can’t Afford a Home
Americans are dismayed over unaffordable living costs, tying these issues to political decisions and low housing supply—due in part to the massive influx of illegal immigrants.
Voters particularly critique policies in urban areas where prices are highest. The government's focus on broader political rivalries over actionable housing solutions angers Americans struggling to live comfortably.
Many say illegal immigration is exacerbating housing scarcity, calling for leaders to prioritize Americans. Voters want American citizens to benefit from housing initiatives instead of "overly accommodating" migrant populations.
🚨🚨🚨Tim Walz Approved an Immigrant Down-payment Assistance Program in Minnesota.🚨🚨🚨 SAME NGO that used Oregon tax dollars to give 30k to undocumented migrants.
— Breeauna Sagdal (@Breeauna9) October 31, 2024
The Minnesota CDC, similar to Hacienda CDC of Oregon, will cap down-payment assistance at 32k for first-generation… pic.twitter.com/RwICfEq3ROBiden-Harris Didn’t Pan Out
Inflation is another focal point, with significant distress over soaring costs for essentials like food, housing, and energy. While some view the Inflation Reduction Act as a win for affordable healthcare, most perceive it as insufficient in the face of steep price increases.
Biden-Harris economic policies are largely under scrutiny, with critics linking the current inflationary environment directly to their policies. Voters suggest socialistic-leaning policies are hurting market forces.
Trump supporters juxtapose their financial situations today with the more successful Trump-era economic strategies. They want stability and lower inflation, even if they don’t like Trump for other reasons.
Left Behind
Economic issues as a whole encapsulate voter dissatisfaction. People discuss the allocation of federal funds and government spending priorities as hurting Americans.
Many citizens express disbelief over the amount of aid directed toward international conflicts, like Ukraine, while domestic needs are ignored. They voice frustration over high living costs and federal funds disproportionately benefiting illegal aliens. This stokes resentment around issues like entitlement sustainability and local infrastructure.
Voters critique the Biden-Harris administration's lack of transparency and responsiveness, with calls for policies that genuinely support the middle class. Social media discussions often echo Trump’s calls to shift from income tax to tariffs as a way to alleviate the working class's financial burden.
This level of economic unease indicates that Americans are dissatisfied and highly motivated as they consider alternative policy directions for the nation’s financial future.
02
Nov
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Energy prices continue to rise, and American families are struggling to afford basics like air conditioning and washing machines. In California, many are giving personal testimonies of monthly electric bills over $1,800. This, many voters say, is unsustainable and cripplingly expensive. Some share stories of turning off appliances to make ends meet.
this is my friend's bill in san francisco
— Jenny, Girl from 4th 🌍, 鄰白廢物 🧠 🪱 (@JennyChachan) October 22, 2024
this is what happens when you vote democrat https://t.co/nrRR24GOU2 pic.twitter.com/f3kqrJoxTKVoters are frustrated with government failures and misguided energy policies. They say it’s time for a leader who prioritizes economic reality over environmental idealism. The Biden-Harris administration, and specifically VP Harris, are central to the debate. Voters in California and across the country blame her governance strategies for the cost of energy and overall living expenses.
PG&E and Sky-High Utility Costs
A major part of the discussion about energy costs is directed at Pacific Gas and Electric (PG&E) and other utility companies. Voters across the political spectrum are dissatisfied with PG&E’s rate hikes, accusing the company of greed and poor management.
Voter Reactions
- 65% of the discussion is among middle-income voters who say rising utility prices directly impact their household budgets.
- 25% of the discussion is among lower-income voters who cannot afford energy bills and other necessities. Some say they must choose between food and power.
- Higher-income voters, while more tolerant of short-term price increases, also criticize the strain. They often defend renewable energy alternatives but still call for immediate economic intervention.
Americans urgently want regulatory reforms and corporate accountability. There's a very loud contingent demanding deregulation in the energy industry. Republican voters particularly argue that government intervention is exacerbating the situation, stifling competition, and allowing monopolies like PG&E to thrive without checks.
Political Ramifications from Energy
Voters are saying they will align themselves with candidates who promise economic relief and energy independence. The first Trump administration is often nostalgically cited as a time of lower energy prices and economic prosperity. Voters are frustrated by the lack of clear, actionable plans from Harris, saying they don’t trust her to “turn the page” on policy.
Voter Alignment
- Democratic Voters: 70% advocate for government intervention in energy pricing but express frustration at the inefficacy of current efforts.
- Republican Voters: 60% believe deregulation and free-market competition will lower energy prices, viewing Democratic policies as economically harmful.
- Independent Voters: 65% are anxious about rising energy costs and want pragmatic political solutions, regardless of party affiliation.
Environmental Idealism vs. Economic Realism
Criticism toward the Biden-Harris administration's energy policies often focuses on renewable energy. People criticize policies that prioritize environmentalism at the expense of practical economic concerns.
Voters say political leaders and those in urban areas are disconnected from the realities facing rural and middle-class Americans who depend on affordable energy.
Voter Sentiments
- Rural voters are angry at the focus on environmental idealism, which ignores the economic struggle of working families.
- Around 50% of voters discussing energy are skeptical of renewable energy transitions, particularly in states like California, where prices have skyrocketed.
- Critics use terms like “death cult” to describe the administration's environmentalist push for renewable energy.
Drill Baby, Drill
Within energy discussions, some voters criticize Harris’s flip-flopping stance on fracking. The lack of clarity around her advocacy or opposition generates skepticism and critique. Voters in areas with high energy costs are not convinced of her commitment to maintaining jobs in the fossil fuel industry.
For regions dependent on oil and gas, such as Pennsylvania, voters are keenly aware of the risks posed by restrictive policies. As some voters put it, “You will lose your jobs,” if fracking is banned. Others stress rising energy prices will worsen economic strain.
Voter Reactions
- 65% of comments from middle-income voters are concerned about the strain of utility bills on household finances.
- Voters view Harris’s inconsistent stance on fracking as a threat to jobs in oil and gas-rich regions, as well as the cost of energy overall.
- In oil-dependent regions, voters connect fracking bans with immediate economic hardships.
The economic implications of banning or restricting fracking are clear to voters who see fossil fuels as a bridge to energy independence. For them, Harris’s ambiguity on the issue is a slap in the face to their livelihoods and economic stability.
25
Oct
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Inflation is holding strong as a defining economic issue for voters in 2024. Since Biden and Harris took office, reports show consumer prices have risen more than 20%. Americans feel very little hope for relief if trends continue. Online discussions show strong dissatisfaction among all voters, though with some partisan disagreements about who is at fault.
If you made $100,000 a year when Biden-Harris took office...
— John LeFevre (@JohnLeFevre) October 10, 2024
Congratulations, you now make $83,000 a year.
Vote accordingly. pic.twitter.com/WAV2dI7m47MIG Reports analysis shows:
- 64% of overall voters blame Biden and Harris for the current economy.
- 72% of Americans are unhappy with current wages relative to the cost of living.
- 59% express feelings of financial helplessness due to rising costs.
Data from Federal Reserve Economic Data justifies the negative sentiment Americans express with Consumer Price Index (CPI) trends during the Biden-Harris administration:
- The cost of All Items rose 21% from 2020 to today.
- Food at Home surged 25%.
- Medical Care costs have risen 10%.
- Rent for Urban Consumers rose 24.8% during the current administration.
Americans feel inflation as more than a statistic—they feel it as a daily reality. Discussions on social media overwhelmingly focus on the struggle to cover basic needs like groceries, housing, and healthcare. This is where 72% of voters express dissatisfaction with wage levels relative to inflation. Conservatives are often most vocal, viewing inflation as a consequence of Biden-Harris economic policies.
Wages Aren’t Keeping Up
The mismatch between rising prices and stagnant wages is further driving voter frustration. While the government reports nominal wage gains, increases are swiftly negated by inflation. Bureau of Labor Statistics data shows median weekly wages reached $1,151 this year. However, when adjusted for inflation, purchasing power is equivalent to just $946 in 2020 dollars. This gap between nominal and real wages highlights the tangible quality of life strains Americans feel.
MIG Reports data shows:
- 48% of economic discussions mention wage stagnation.
- 60% are skeptical of government statistics on job growth and wages.
Many Americans feel they’re being lied to about the state of the economy—though this sentiment is more common among Republicans. Voters say the so-called wage increases mean nothing when they cannot afford the same expenses they did four years ago.
Partisan Political Blame
Overall, Americans are unhappy about the economy. Most blame the Biden-Harris administration for rising inflationary pressures, but there are partisan divides. Sentiment is strongest among Republicans with 84% blaming Biden-Harris as the primary source of economic hardship.
Republicans
Inflation and the economy are top issues for Republicans, along with border security.
- Economic Mismanagement: Republicans view Democratic policies, particularly the American Rescue Plan and Inflation Reduction Act, as directly fueling inflation. They believe these measures injected too much money into the economy, benefiting government and corporate interests at the expense of citizens.
- Support for Trump: 85% of Republican voters intend to vote for Trump, saying his policies manage economic issues more effectively. They often cite pre-COVID quality of life, calling for “America First” policies that reduce government spending.
- Distrust of Government: 55% of Republicans are skeptical that a Harris administration would implement any substantial policy changes. They view the government’s attempts to combat inflation as ineffective or exacerbating.
The dominant tone among Republicans is one of anger and distrust, with many voters convinced that a change in leadership is the only way to address the rising cost of living.
Democrats
Many Democratic voters defend Biden’s economic policies, citing wage growth and job creation, though some acknowledge the ongoing challenges of rising costs.
- Economic Optimism: 25% of Democratic voters highlight Biden-Harris efforts to address inflation, pointing to initiatives like the Inflation Reduction Act and the American Rescue Plan as positive steps. They say inflation is now under control.
- Blaming Trump: 60% blame inflation on Trump’s legacy, specifically citing his tax policies, trade wars, and COVID-19 policies. They view Biden and Harris as working to fix problems inherited from Trump, not creating new ones.
- Frustration Over Jobs: However, 15% are skeptical about whether Biden-Harris initiatives will make lasting improvements. They acknowledge positive job reports but worry about wage growth. Tim Walz in particular is facing state-level criticism for perceived mismanagement.
The Democratic voter base is split between those who defend the administration and those who are frustrated by inflation and stagnating wages. The largest theme is defensiveness, as many say the highest priority is preventing a second Trump term.
Independents
Discussion among Independents is low, but most express disillusionment with both political parties. Many directly blame Democrats, but there is not loss of criticism for Trump as well.
- Economic Frustration: 62% focus on rising costs of living and the strain of inflation on average American families. There is urgency and a call for immediate action to slow skyrocketing prices.
- Kamala Blame: Many Independents criticize Harris for not addressing the inflation crisis effectively in the last four years. They say she mismanaged the economy as well as immigration, which impacts both economic strain and public safety.
- Poor Disaster Response: 25% criticize inequities in government support following Helene and Milton. Many voice discontent over the federal government prioritizing illegal immigrants over American citizens affected natural disasters.
Economic Discontent Drives Votes
With Election Day less than a month away, economic discontent is likely to influence voter behavior. Trump is poised to capitalize on this frustration, especially in swing states where economic concerns are a high priority.
Predictions
- Republican Turnout: Many expect high voter turnout among Republicans, particularly in suburban and rural areas hit hardest by inflation and stagnant wages.
- Few Swing Votes: Independents and moderates, though disillusioned with both parties, may swing Republican if Trump maintains strong economic messaging and Harris continues to fumble media hits.
- Economic Discontent: If Americans continue to feel individually impacted by economic conditions, they are likely to lean further into a change platform. Mixed messaging from Biden and Harris on Harris’s track record and future plans will likely push voters toward Trump.
11
Oct
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MIG Reports analysis of voter sentiment on economic issues shows a clear pattern: Trump > Harris. Across numerous samples and economic topics, Americans voice their strong preference for Donald Trump’s policies and leadership.
Inflation
Inflation remains a central point of frustration, with 55% of voters in the MIG Reports sample favoring Trump’s policies. They cite his administration's ability to maintain lower costs of living and greater community safety. In contrast, only 18% expresses support for how Biden and Harris handle inflation, while 27% remain uncertain or neutral.
America First
Government spending draws even stronger criticism toward Democrats. While 65% support Trump’s fiscal policies, only 14% back Biden-Harris spending strategies. Many accuse the administration of prioritizing foreign aid over domestic needs. Sentiment is particularly strong in discussions of the misallocation of taxpayer dollars and recent government responses to Hurricane Helene. Americans are frustrated that economic assistance is sent liberally abroad while middle-class hardships remain unaddressed.
Taxation
Taxation is another hot topic, with 60% preferring Trump’s tax cuts, especially for the middle class and businesses. Only 20% view Harris’s proposed tax increases favorably. Skepticism runs high, with many believing the tax plans would burden the middle class further rather than provide relief.
Open Border Effects
Illegal immigration continues to dominate the economic discourse, with 55% arguing lax border policies under Biden and Harris exacerbate job competition and strain public services. Only 12% support the administration’s approach to immigration, and 33% are uncertain about its economic impact.
Executive Leadership
Leadership emerges as a stark contrast between the candidates, with 70% voicing confidence in Trump’s leadership on the economy. People view him as a more pragmatic and business-oriented leader. In contrast, only 15% support Harris’s leadership, with many criticizing her as disconnected from the economic struggles of everyday Americans.
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A looming East Coast port strike is stirring significant debate, particularly the potential economic and political impact. Longshoremen up and down the East Coast plan to strike starting Tuesday. Many view a strike as both a labor issue and a critical election issue which could shift voter sentiment in favor of Donald Trump.
I warned about this days ago.
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) September 29, 2024
Longshoremen voted to strike, they walk out Tuesday.
85,000 dockworkers from Maine to Texas. Will impact 36 ports and all imports & exports from Maine to Texas!
This could get rough.
pic.twitter.com/w5gqxSfzthMIG Reports data shows voter discussions revolve around economic concerns, instability, labor relations, and political leadership. A clear sense of discontent toward the Biden-Harris administration threads through most of the discussion.
Voter Reactions to a Port Strike
Many Americans express fear of severe impacts caused by a union strike. In the wake of hurricane Helene, many in states like North Carolina and Tennessee are already struggling to get fuel—and a strike will likely cause supply issues for many more.
This is the line for gas at Sam’s club in Aiken South Carolina.
— 🇺🇸🎙Chad “ThugZilla”Caton🎙🇺🇸 (@ImFiredUp2) September 30, 2024
With the ports on strike and devastation from hurricane Helene…….
This will be national wide by Friday.
Be vigilant, be safe, Be smart
vote Trump come hell or high water!! pic.twitter.com/TddfHySx9IAmong the top discussion themes, Americans mention:
- Fear of supply chain disruptions and inflation.
- Blame toward Democratic leadership, specifically Joe Biden and Kamala Harris.
- Growing Trump support, with sentiments that a strike could increase turnout, especially among blue-collar voters.
- Working-class and rural voter frustration points out issues of job security and wage stagnation.
Economic Impact and Political Fallout
Americans voice growing anxieties about the economic consequences of a dock worker strike. Concerns about rising costs, inflation, and supply chain disruptions are rampant. Voters, especially from working-class backgrounds, are growing more frustrated with the Biden administration, which they perceive as failing to address pressing labor issues.
Blame for Democrats
Most people talking about the impending strike blame Biden and Harris, with 50-60% holding them responsible for economic mismanagement. While labor unions and corporate entities also receive criticism, current political leadership takes the brunt of the blame. Americans express frustration over ineffective policies that exacerbate economic uncertainty.
Increased Support for Trump
A consistent trend of hostility toward Democrats indicates a port strike would likely energize Trump’s base—especially blue-collar voters who feel abandoned by Kamala Harris. Many middle- and working-class Americans view Trump-era economic policies favorably, expressing nostalgia for his leadership. Many believe Trump will more effectively address their economic challenges, driving discussions about voter turnout in his favor.
Demographic Patterns
Working-class voters, particularly in rural areas and port cities, dominate the discussions. Anyone directly affected by potential job losses and economic disruptions are the most vocal about their dissatisfaction. While older voters focus on labor rights and economic stability, younger voters express frustration with the political system as a whole, demanding more meaningful change.
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