Welp, the Democrats lost big-time. Harris lost to Trump and it wasn't even close enough to bother with contesting it. Why? Who knows. There'll probably be any number of reasons developed: third parties, racism, and so on, and some of those reasons may even be relatively close to the truth. But what is true is Joe Biden didn't really do Harris any favors with his lack of action on combating inflation. He left it all up to the central bankers and they have exactly one tool for targeting inflation —raising interest rates— and this tool really isn't the best tool available for bringing inflation down in a hurry (it's taxes. Taxes are the best tool for combating inflation but no politicians ever speak about this). It basically took Biden's entire term for interest rates to finally go below 3%, and with that, Biden also probably would've lost the election, because average people are feeling the effects of the cost of living. It's basically a crisis out there ...
A personal commentary blog.