Voters should think critically about the nation’s economic problems | News, Sports, Jobs


Lots of people are interested in election polls, sometimes maybe too much.

The 2022 midterm elections are still more than four months away, but already national media are drawing attention to President Biden’s poll numbers.

They wonder if it will mean losses for Democrats in Congress. It’s almost as if some powers wanted them to fail.

Anyone who has ever taken an economics course should know that in a capitalist country, it is not accurate to blame the government for an economic downturn.

Many things affect the direction of the economy. The list includes COVID, the war in Ukraine, supply chain issues and a complete lack of confidence from major investors. None of these are caused by the government.

Oil costs determine the price of almost all consumer goods. The cost to consumers depends on five things; the cost of buying oil, refining costs, transportation costs, taxes and, last but not least, the desire of oil companies to make a profit.

The President and Congress partially control only one of the five (federal taxes, not the state and local portions). They have no control over the other four. These revolve around particular private interests and are heavily influenced by foreign countries.

It is a reflection of the federal leadership of the past 40 years, a leadership that has given almost total support to free trade and globalization.

Past Congresses have not wanted to interfere in the economy. They didn’t want to tilt the playing field towards shorter supply chains, limit the power of big business, even if it means forcing them to operate at a loss.

Vote-seeking Conservatives in 2022 want nothing to do in that direction, even with inflation at a 40-year high. They want to leave everything to free markets. They want to let the market take care of itself.

They often say they want to cut taxes and regulations, oblivious to how such measures might worsen the huge 21st century wealth gap between the wealthy and the vast majority.

Both the left and the right have used common expressions in their political messages; expressions such as wasteful spending, liberal agenda, oligarchy, and 1% rich. Unfortunately, plain-sounding rhetoric resonates with simple-minded people.

In 2022, there are millions of people who don’t read a daily newspaper or watch a standard nightly news broadcast. Instead, many of them pay attention to dubious alternative media sources, often because that’s what their family and friends love. They fail to think critically.

It is no wonder that many in this category persist in believing false claims that the 2020 election was stolen, even when all reputable news sources and bipartisan election officials maintain that this is not the case. is not the case.

We can only hope that most people decide to carefully sort out the different political demands. Hopefully they will choose reliable sources.

The easy answers may sound good and appealing, but they won’t solve underlying issues like how millions of people live paycheck to paycheck.

They are one step away from a personal economic crisis. Inflation has a big impact on them as it drives up the cost of gas, food and housing and almost everything else.

They want to express their frustration one way or another, and the easiest way is to be unhappy with what is happening in government.

When this happens, it is also necessary to ask what should be done instead. In a two-party system that often produces only two choices, it is essential to ask whether the other side really offers a better alternative.

— Jim Muchlinski is a longtime journalist and contributor to the Marshall Independent



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