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Originally Posted by pbonsalb
The winner won by something like 1.6% of the vote, which works out to about 2.3 million votes out of 152 million?. The winner won both the electoral and popular vote, unlike both of his prior races (he won the electoral vote in 2016, but not the popular vote, and lost both in 2020). Americans wanted the result and in a democracy, that must be respected, whether one personally agrees with the result or not.
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I agree with this completely. However in 2020 so many people did not view it that way.
Quote:
Originally Posted by pbonsalb
Or 2 years later when there are midterm elections. I don’t plan any car purchases in the next few years but I do buy a lot of car parts and expect those prices to go up. This is a high end BMW forum. No one here will suffer. But there are a large number of Americans living paycheck to paycheck who will feel the consequences. And the rich, probably many here, will keep getting richer.
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Like you, I am not planning any major purchases, as I am good on cars and also spent the last 5 years on home maintenance/renovations. All caught up. And yes, those who are living paycheck to paycheck are going to bear the brunt of such things. There is also an irony that this group usually pays very little in taxes, but
tariffs OTOH are not subject to income limitations and will hit much harder.
It also strikes me that reality is already setting in, I don't think I have ever seen moods change so quickly. From what I can tell inflation was the impetus behind the 2024 election. People ignored wage growth, GDP numbers, employment stats, pretty much everything else. And voted to bring back inflation.
Statistically, the average IQ is 100. This implies half the country is 100 or below. My presumption is that the same group that is living paycheck-to-paycheck, didn't understand at all what they were endorsing. And certainly doesn't grasp macroeconomics.