There is massive Democrat soul searching today. Hardly anyone will get it right. This is despite huge evidence all year long. 
The lead image is from a Fox news clip I made very early this morning. I posted an image before saying +20 but Fox repeated the segment and it was +25.
Given that “Math is Hard” and one reader did not figure it out, here is the math.
Biden won the youth vote by 25 points. Now here is the hard part. Math is hard.
52 – 44 = 8 Harris only won the youth vote by 8 points.
Biden won it by 25
25 – 8 = 17
March 15: Gen Z, the Most Pessimistic Generation in History, May Decide the Election
Young adults are more skeptical of government and pessimistic about the future than any living generation before them. This is with reason, and it’s likely to decide the election.
April 20: People Who Rent Will Decide the 2024 Presidential Election
Immigration won’t decide the election. Polls have not yet captured what will.
Q: What is it that young voters really have on their minds?
A: RentA WSJ Swing State Poll show blacks, especially black males, are abandoning Biden in huge numbers.
In the swing states, 30 percent of black males now support Trump. That’s up from 12 percent in the 2020 election. Trump support from black females is up from 6 percent to 11 percent.
Who Are the Renters?
The answer is younger voters and blacks.
And according to the National Association of Realtors, the homeownership rate among Black Americans is 44 percent whereas for White Americans it’s 72.7 percent.
That’s the largest Black-White homeownership rate gap in a decade.
April 29: James Carville Has Meltdown Over Young Voters Sitting Out the Election
Trump is ahead in the latest poll. Younger voters leave the Biden camp. James Carville has a meltdown.
June 19: Why Angry Renters Will Decide the Election, Take II
Economists say wages are now rising faster than the CPI. That’s not true for those who rent or wish to buy a house.
Those Who Rent Are Angry
Roughly 36 percent of households rent. They watch home prices soar out of sight while wages do not keep up with rent.
Yet economists tell these renters they should be happy because wages are now rising faster than the CPI. Sorry guys, wages are not rising faster than the average renter’s personal CPI.
Who Are the Renters?
In general, young people and blacks.
Unless something improves dramatically and quickly, Trump rates to beat Biden in November.
July 5: The Unemployment Rate Bottomed a Year Ago, Who’s Impacted the Most?
Increase in Unemployment Rate from the Low
- White: 0.5 Percent
- Overall: 0.7 Percent
- Hispanic: 0.8 Percent
- Black: 1.5 Percent
July 23: Signs of Severe Credit Card and Auto Loan Stress in Generation Z
My call remains. Renters (primarily young voters and Blacks) will decide the election.
If they break for Harris in similar numbers as 2020, she will win. If Trump can make significant inroads he will win.
August 16: The Election Is in the Hands Young Voters and Blacks, Especially Generation Z
Since President Biden stepped down from the election, the candidate names for have changed, but the issues haven’t. That’s important.
Of those 18-34, 42 percent cite inflation/economy as their number one issue. That contrasts with 34 percent in age group 65+.
August 28: The Not Affordable American Dream in Three Pictures
The American dream, of buying a home and raising a family is all but dead for many Americans, especially generation Z.
September 21: 21 Million Renter Households Spent Over 30% of their Income on Housing Costs
Nearly half of all renter households are distressed. I am not surprised.
Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households in the United States for whom rent burden is calculated.
Within Black or African American alone renter households, or households where the householder identified as being only Black or African American, 4.6 million (56.2%) paid more than 30% of their income on housing costs in 2023.
No one else has more consistently and accurately called this election and why.
I submitted posts on this theme for the New York Times, Wall Street Journal, Real Clear Politics, and Politico. No one was interested.
Brookings in Reverse
On October 23 Brookings said Be Wary: The Case for the Youth Vote.
In late September/early October, polling over very nearly the same interview period, Times/Sienna gave Harris a 58% to 37% lead among the young; Pew registered a 57% to 34% Harris youth advantage. This is broadly in line with other surveys during the month, including the gold standard Harvard Institute of Politics Poll, based on a large sample focused only on young people. Similarly, a Yale University youth poll released in mid-October showed Harris ahead among under 30s, 56% to 35%.
“As in 2020, voters under age 30 are the least likely to say they are motivated to vote: 40% of voters in this age group say they are extremely motivated to vote,” Pew found. “And Trump supporters under 30 are less likely than young Harris backers to be highly motivated to vote (34% to 50%, respectively).” If this motivational difference holds up between now and election day, Harris could outperform even accurate measures of the preferences of the under 30s.
What a hoot.
Reader Comment
Reader “Woodsie” commented: “Mish, you seem to have your thumb on this sort of thing and you appear to enjoy it. What’s stopping you from opening a competing site to Silver’s, RCP, 538, etc? I think it would be right up your alley.“
Mish Reply
Thanks Woodsie,
I wrote the “Broken Glass” post three days before the election and had AI generate that image. It took a dozen tries but I finally got the image I wanted. AI might cut some cartoonists business.
I was more confident of Trump winning than most models.
As for a competing site, it is incredibly difficult and beyond my capability to come up with an election model.
My edge vs all the models was based on something I had been saying all year. Renters will decide the election. And the renters, as I explained were young voters and blacks.
Trump picked up 17 percentage points vs Biden in voters 30 and under!
On the basis of the economy, I got 49 of 50 states correct in 2008 – before Obama won the nomination.
I got all but 1 state correct this time, also based on my perception of the economy.
Nate Silver is Confused
For now, I don’t have the answers. But I do know this is a problem the party should have been prepared for, because there was plenty of evidence for it in polls and election data, evidence that was unskewed and denied at every turn. Maybe the first move should be going out to a diner in Queens.
Now there’s a hoot. Silver complaining about denial. And he still has no idea what happened.
The Brookings Institute Wonders Why Consumer Sentiment is So Bad, I Can Help
On November 5, I wrote The Brookings Institute Wonders Why Consumer Sentiment is So Bad, I Can Help
Please check it out. I posted ten charts and dozens or reasons why consumer sentiment is bad.
Brookings doesn’t know and called it a paradox. Now, like Silver, they are probably wondering why Trump won.
Harris preached about the environment to major groups of people who are struggling to put rent on the table and are worried about being evicted.
It’s hard to be worried about a rise of 1 degree, 50 years from now, when you are damn worried about being evicted or putting food on the table today.
I am proud of my analysis and I stuck with it from February through November.
The election was Trump’s to lose and had Harris ran a better campaign he would’ve lost.
Voter turnout for the uniparty was down for the duopoly from 2020.
This election was the most negative election since I first voted in ‘72 and there were a lot of negative presidential campaigns since then.
Neither candidate gave the electorate a reason to vote for them.
Trump despite winning the popular vote lost the moderate vote to Harris.
Trump only gained a net of 1.5M votes in ‘24 from his ‘20 total.
With all this in mind, Trump’s ability to govern will last only year. The campaign for control of Congress resumes in early 2026.
If Trump has a a couple of failures, the long knives will be out because politicians are only interested in two things: getting elected and re-elected.
What could possibly go wrong in a second Trump presidency?
Based upon his first bite at the Apple, a lot.
Mish, I would like to hear your thoughts on the following:
https://hackernoon.com/the-human-roots-of-rising-fascism?fbclid=IwY2xjawGdudJleHRuA2FlbQIxMQABHWKon27Hcc0M6dassQH7A95LFhAOuHAYQ-YPpVyzTYlrklsHxqVWhhsQvw_aem_VcDnPxcugBXqhQ-HLiIeJw
My whole view of the electorate could not have been more wrong. My long held understanding that roughly 65% + of those people in our country under 40 years old will typically vote liberal/progressive and 65%+ of those over 65 years old, particularly with males, will vote conservative has been shattered. This understanding of mine has held for the last 35 years evidenced by the fact that a Republican Presidential candidate has only won the popular vote twice since 1988. Those who celebrate this year’s election need to think a little more critically. Inflation seems to have been the issue that drove many Gen Z men to vote against many of their other top issues. The thing is that high inflation was indeed transitory, just a much longer transitory than originally assumed, and inflation has mostly returned to normal levels. However, many of the high prices that resulted from the abnormally high inflation of 2021 and 2022 have remained elevated and history says that will not come down short of a severe recession or depression. No announced policies of Trump will address these price issues and in fact, many of his most ardent policies, tariffs and deportation will serve to raise prices further. But all of this economic stuff is not the most worrisome to me, it is the susceptibility of these young people to a dark and pessimistic message versus a optimistic and hopeful message. When one derives votes from delivering a dark pessimistic message over an optimistic and hopeful message, this can lead to more darkness and despair that can serve as fodder to politicians, both on the right and the left to attempt to exploit. I don’t want to, but must remind everyone that this type of politics in Europe after WWI is what sowed the seeds for the holocaust and WWII.
What hopeful message?
Trump is the hopeful message. Try listening to a string of speeches instead of soundbites. Not a single sane person born before 2000 would walk away from Trump’s message and describe it as “dark.” And for the things you could argue that come through as dark, I say this: guy got shot in the ear. As for as I’m concerned, he can say whatever dark messaging he wants. The more a lib trembles, the better it worked.
Dems learn respect, rule of law, acceptance and tolerance, and embrace the Constitution. Wow what a difficult vision to implement.
That’s why Trump won. Get your WW1 and Holocaust fear mongering garbage out of here. It’s all irrelevant. There is no parallel.
I challenge you and and every Kamala voter out there: Write down the 5 things you are scared of most. And I’ll meet you in 2028 when none of it happens.
Mish was correct, all along. Good to read this summary.
Would like to discuss, next: the massive cuts that will need to take place….. an Argentina massive cut in govt. Or a Twitter like govt hair cut???
There is another reason rents are skyrocketing. Small time landlords who never raised the rent to avoid turnover are gone. For nearly 20 years, I provided affordable housing. I work a day job and did not want turnover, so, I rarely raised the rent.
My 3 bedroom started at $825 a month in 2005 and was $900 a month in 2021. My 4 bedroom started at $800 a month in 2003 and was $1000 a month in 2021. All the small timers operating on a shoestring got angry at no rent and sold to the big property management companies. As a small time landlord, I learned that my ability to collect rent can be shut off at will. I still had to pay property taxes, insurance, mortgage, sewer bills, and maintenance for deadbeat tenants.
Did anyone think a small landlord would chance another eviction and rent moratorium? F that!
Ayn Rand wrote about what happens when you abuse the productive people in a society. It is happening now. Who is John Galt?
Thanks for an excellent comment!
1) Many necessary items in inflation do not count 😱. So the government measure is too low to show the whole picture of people’s concerns.
2) Unemployment figures are dishonest. I know people in their 50s who were laid off and are still unemployed 5 years later (never unemployed before with good work records). Some are not working and living off 401Ks and savings which makes the future even worse. The rest work part time on 2-3 jobs with 30 hours or less at minimum wage to $9/hr. These are hurting people with bleak futures. My sister is one of them. She just turned 60. She has no health care at all. Thank God, she made the cutoff to collect her deceased husband’s social security at 60. Supposed to start next month. That program is soon ending but she will get it. The one yeah in this whole thing. Around here $500-600/month in Social Security is not uncommon. Try to live on that where rents are $1000-1100. And yes, people are infuriated that non-citizens get tax money and assistance that US citizens cannot get.
I don’t know what they’re smoking over at FRED because inflation of grocery prices was not 20% it was >100% and I have the receipts. Insurance is up by 50% easy and some services are +200% from where they were. I wish I were wrong about this; but as I said I have the receipts.
Carville what a pathetic DNCCP loser. From an ex-Democrat (over 50 years straight -I went to Knox College with classmate John Podesta)…. I can’t stop throwing up over what these woke Politburo thugs have become. Add in $300 million pocket stuffing insider traders like Pelosi , etc. – well I need a bucket handy just to think
about their damage to the USA. Plus lying about drooling, diapered Joe for 4 years, with unelected President Blinkenstein calling the shots. While they stumble into the biggest foreign policy disaster in US history in Ukraine. Female impersonators with a penis beating up women in the boxing ring, vicious woke sexualization of innocent school children, and no border are just icing on the this DNCCP’s putrid cake.
A shout out to Morning Joke Scarborough at MSDNC …..
I think the court cases backfired on the Dems.
A lot of people, especially certain demographics, that identify with a guy fighting “the Man” when accused and punished unfairly.
Rent is an issue, but a lot of people are driven more by guts than calculation.
And here is Biden’s take: bitchute.com/embed/BocS4Bzl3L3T
Given that “Math is Hard” and one reader did not figure it out, here is the math.
To clarify, I didn’t get the 10:57 timestamped entry on the Election Night Live Blog for three reasons: I read 1) “Biden lead[s]” as the title in a race between Harris and Trump, which is confusing, which means 2) “Biden lead” should properly be spelled “Biden led” if the past was being referenced, and 3) we were “talking about this age group”, but the graphic shows Voters Aged 65 and Voters Under Age 30, and thus which one did Biden lead (I presumed the elderly group)?
At least its all been cleared up now. And yes, some math is hard — I marvel at my son’s ability to work through differential equations in his AP Calculus class, I must admit…
Lower Math:
Total turnout numbers to vote 2024 is a fudged comparison of Apples to Oranges given the expanded early voting and mail-in ballot options, particularly in 2020 due to the COVID-19 pandemic.
Keep in mind:
Keep stirring the Pot.
Your Leader just said today however, there would be a peaceful transition of power, which is at odds with what you are attempting to achieve.
Biden is not recognizing any increased threat level.
Mike Johnson needs something to push him along. You are helping out with generating a push.
Misleading headline from NPR and Jojo.
Article says:
Trump has issued more than 100 threats to investigate, prosecute, imprison or otherwise punish his perceived opponents, NPR has found.
Let’s put NPR/PBS at top of DOGE list.
So?
Good. All well deserved. According to the current regime, one cannot prosecute the innocent!
Good Stuff! Thanks
Saw some stats that indicated there were 15-20 million more votes in 2020 election. And previous presidential voting was about the same as this year.
Why the big difference?
Many who voted for Trump just want a better economy but this time he has a mandate to remake the entire financial system and turn it all upside down. I expect a major recession and high unemployment by spring 2025. This guy is going to break it first completely before he attempts to fix. Like a toddler.
You bitter, bro?
The recession will likely happen, regardless of who’s President.
It’s due for over 10 years. As a matter of fact, it is healthy by filtering unproductive people and eliminating zombie companies.
Tulsi for Sec of State?
She has the Brains, not so convinced sufficient gravitas.
Sec of State will be inheriting some colossal problems generated by Biden Harris Blinken.
We need a Churchill like Secretary of State, not a Chamberlain like Secretary of State. The rise and alliances of autocrats around the world requires strength and resolve, not appeasement.
Clearly the economy and uncontrolled home borders were foremost on most voters minds. But in the background were also 20 years of Global War on Terror troops disallusioned with endless wars, everywhere, and the fact that every country we intervened in via troops or color revolutions is a mess. Trump broke the ice on this in 2016 when he said the Bush presidency’s war on terror was a disaster. These vets have been talking to their families, and it’s not good.
As a grandparent with grandkids, I’m done supporting futile wars that entrench, arm, and enrich scoundrels. All those countries we unsuccessfully “planted” democracy in are countries whose population would kill us on sight as tourists. Constant PR from Biden about overthrowing Putin, getting ready for WWIII, recruiting an army big enough to fight a WWII style war of attrition, going to war with China over Taiwan, etc. while we armed the Taliban and Iran to the teeth and made Iran a surrogate of Iran is crazy. Even worse we drove Russia into an alliance with China. People may not have directly voted against foreign policy, but they voted against an economy dedicated to endless war everywhere and the maintenace of 180 bases and sites around the world while the American economy and standard of living decline.
The Democrats got the political licking they deserved. They are precisely what they have accused their opponents of: anti-constitution, war-mongers, enemies of democracy and free speech, supporters of a two-tiered justice system, liars, and bigots of the worst sort. Their constant attempts to bankrupt and jail Trump on trumped-up charges was something everyday people could identify with. “If they can do this to him; they can do this to you,” was an effective mantra and true. Imagine being charged criminally for negotiating a real estate deal with a bank!!
That’s quite a rant. And what can you do to help?
People fail to understand what a great country this is. 2 weeks ago Trump was working at McDonalds, and now he is president of the country. Name one other country where this can happen!!!!
A better question might be why some very astute Democrats selected Harris in the first place, and then picked Walz to make it worse. The obvious answer is they aren’t very smart, and they truly thought a not-very-astute woman on the top of the ticket would perform like Obama as first black President.
One alternative is a two-year plan. Crash the economy in 2025, so Trump-Vance-Republicans get the blame. Easily retake the House and Senate in the midterms. Neuter Trump/Vance. Resume liberal policies.
Biden punished Obama, Nancy Pelosi…after ganging together against him and ousting him. That’s why he called Trump’s follower : garbage !
The Grand Canyon was not dug over night. The Democrats have had a long path of failure to bring them to this point. Their reaction to Hilary losing to Trump, was to attack Trump, not to improve their party to make their candidates electable.
It was this decision to destroy Trump in every way, that helped them sow their own failures. Attacking him in the media might have worked in the 1950’s – but with alternate media, the MSM can easily be fact checked and found to be chronic liars about all things Trump.
One must ask, did the Democrat Party attack Trump so viciously because he was a Democrat who became a Republican, as an example for those tempted to leave the reservation, that certain political and financial death awaited all who try to leave?
Was it because having been friends with many Democrats he knew where too many bodies were buried, too many financial crimes committed to enrich the Democrats and their friends and he threatened to overturn their extremely lucrative oligarchy?
Something triggered the Democrats to swat a fly with an atom bomb and brought attention to the matter from anyone who wasn’t a Democrat elite, to wonder why they had become completely deranged.
Anyone with half a brain (and no offense to RFK, but even he saw it) could see the Democrats gave not a care to anything but maintaining power and raping the treasury and the stock markets, and that they were using extreme measures to try to destroy a real estate developer from New York who used to go to their parties.
Trump offered a way out of this madness, and only a fool remains inside a burning building when the exit is clear and accessible.
The Democrats lost pretty much everything.
Maybe time to forget them and move on?
The Pub have at best 4 years. It is highly likely that Trump will suffer a recession and a significant stock market crash in the first two years of his term. He may not be able to recover from that.
No President would recover from it. They’d just finish their term.
The Dem party is not that organized. At the moment, they’re not sure who their base is.
Crashes happen independently of any sitting President.
“Crashes happen independently of any sitting President.”
But decay is a permanent feature of all financialized dystopias.
“Crashes” are just arbitrary nonsense deemed and held and decided and made up by privileged illiterate idiots anyway. Things are 30% more expensive now than when Biden took the reigns as top idiot. All absent any “crash” having been “declared” by the retardocracy.
It’s the same story as Argentina: Only occasional “crashes”, but permanent decay every.single.year since Peron. That’s how financialized dystopias work. It’s the only way they can work, seeing as how the only common feature is a class of arbitrarily privileged straight-up imbeciles living ever higher off of nothing whatsoever aside from robbing anyone and everyone even potentially a bit less stupid and useless than their waste-of-space selves.
Yes, but the sitting president is personally responsible for every thing that happens. Who is responsible for the border? Joe Biden. Who is responsible for inflation? Joe Biden. Who is responsible for your health insurance plan? Some giant corporation? Nope, Joe Biden. This is the USA, we expect our government to take responsibility for every aspect of our lives.
“That’s the largest Black-White home ownership rate gap in a decade.”
Greenspan/Bush’s Ownership Society didn’t work out very well.
Putin didn’t congrat Trump. Trump wants a cleanslate from Biden. No ME headaches in the first 100 days. Replacing Gallant is a massage to Biden and Iran. Bibi is under pressure to sign a ceasefire with Lebanon, before Trump says : NO. Out of the ME casino as a winner against Hamas, Hezbollah, Iran, Yemen, Iraq…, as a great leader. Multi Trump Towers/ Trump Towns with 30/40 floors each. 2/3 cranes with 10/12 illegal working 10/12 hours/day, instead of 200/300 workers, connecting industrial walls like Legos, before painting, plumbing, electricians, and central air condition, and in 1/3 of the time and 40%/50% of the cost. Less accidents. Less bs for landlord Ilan who will collect rent faster. Lowering FedRates under the CPI ease debt payments. Tariffs to protect our national industries. Demand for highly skilled workers will be high. A successful economy lifts all wages. Higher tax collection and higher income from tariffs will fill gov coffer. JB Vance to cut gov debt in no time.
CTU / SEIU organized protest at dawn today in front of the Trump building in Chicago. Same sing-song chants/slogans. Same professional quality signage. Same high BMIs of the protesters, most exercise they will ever have.
Ah, the BMI correleation! That’s a rare one!
What’s the BMI factor for Harris/Trump? We split by race, gender, ethnicity. Maybe the census should ask BMI too.
They can do it under Biden, thereafter Trump will dump their top leaders in Jasa under the control of peacekeepers from the US, france, UK, Qatar…
Regarding Putin-Trump, my guess is Donald learned the lesson; what happens in private stays private.
As for Israel, the plan all along was to take the Gaza strip for resort-ville. As for the rest of your comment–I have NO IDEA!
Who told u about turning Jasa into a Monte -Carlo. It’s a top- secret.
Solving rent prices means cancelling many local zoning restrictions so neighborhoods can get dense.
LA has been trying this for about a year. I haven’t found any serious analysis of the impact, if any
‘Solving rent prices means’ curtailing violence. There are lots of vacant properties caused by out-of-control violence.
FYI, transportation ‘costs’ cause density. Zoning restrictions are a minor factor.
“Zoning restrictions are a minor factor.”
Hogwash.
If noone else did, I would personally five double the number of residential units in both Pac Heights and Beverly Hills within a decade, if not for interference from the trashy jackboots. With every single new unit being of higher quality than Pelosi’s supposedly “worth” 30mill teardown…
Of course, the likes of Evergrande would easily beat me 10 to 1, and effectively five double San Francisco in its entirety in that timespan if left free to do so….
Covered residential space, has been a largely free commodity for a century. It’s so easy and cheap top slap up, even in earthquake zones like SF, that it’s an insult that the population of any country at all, don’t for the most part have AT LEAST a second home.
As with all commodities, in free countries production/supply will inevitably overshoot actual demand. Leading to food and socks being thrown away, and harder to toss out housing being abandoned/given away for free. That is how all free markets work.
And as a necessary corollary: Any time you do not observe such post-hoc-determinable “over”-production of a manufactured good, but instead observe a shortage, you know for a certain fact that what you are observing, is severe lack of even the most basic of freedoms. AKA a totalitarian state. Also referred to as a hellhole. Which is an apt description of any dump so misgoverned and useless that there are people there who don’t even have roofs over their heads. Talk about being abject insults to those of us even a tiny bit higher up the evolutionary ladder.
Change occurs slowly. I used to drive into Hollywood every day, for years. Not much changed. In the decades since then, a number of mid rise apartment buildings have gone up and a subway line was installed. People own homes where the zoning laws were changed. Those who own rental homes may be willing to sell to a developer.
Hollywood in the 1970’s was full of drugs, pimps and whores, by the 2000’s all the drugs, pimps and whores were in the studios running the movie business. Did things change or merely migrate?
Hollywood will be rebuilt after the next series of big quakes, the entire Los Angeles basin is like a shattered windshield of interconnecting fault lines waiting for a trigger, it will come, it always has.
The housing will be more affordable after the fires and landslides, Its a beautiful landscape overtop a terrible foundation restrained by a political machine from simple fixes like desalination plants to provide water to a land that gets 9″ of rain a year. The homeless are everywhere, the political failure is in the air, it smells like the unwashed and rotting old system ensconed by a lack of imagination in the land of dreams.
Hollywood is truly a reflection of America, sad as it has been deliberately rotted for the gain and control of the few, at the cost of the many.
California has pre-empted local control. ADAs everywhere…other states following. Causes parking and traffic troubles. Public transportation not viable.
Don’t pile people on top of each other, spread folks out like Kansas and Nebraska, cheap housing, limited traffic, etc. Limited police needed given 2A and KYN (Know Your Neighbor).
Let’s look at dense NYC, no housing trouble there …. afford rents, plenty of parking, etc./s
Dense NYC is the best description for that gem that rules us all via the old families and the federal reserve ( a gift of the Rothschilds to the Pilgrim Society).
“Don’t pile people on top of each other, spread folks out like Kansas and Nebraska,.”
Just leave people alone. To spread out or pile up. Just get, and keep, government out of it. Altogether.
Anecdotally: Within reason, given sufficiently advanced transport infrastructure: Somewhat spread out is “best”. NOTHING, even in Asia, beats the specialization opportunity, hence efficiency, afforded by the German Autobahn network. It is what allows Germany’s extremely specialized very-best-in-the-world-at-that-one-thing small and midsized firms to be located almost all over, yet still close enough to cooperate closely. Nowhere else is that similarly possible. It used to sorta-kinda be in Silicon Valley, but now things have decayed to where everything is just gridlock. LA’s movie industry also used to be similarly well connected, but has also fallen prey to the same gridlock driven balkanization.
The best even the Asians can do, is slamming everything into Tokyo, Seoul, Shanghai or Osaka. That’s fine as far as face-to-face meeting of just people go. But the German model in addition facilitates bringing a van full of prototypes, as well as keeping actual production within visit/meeting range of everyone else. Which makes all the difference in the world for world class level products, where there often are only one viable supplier for quite a few of the required components/sub-assemblies.
Of course, leave it to the current, post ECB German so-called “elites” to not even recognize this. Hence to, instead of building on the success of their world-beating infrastructure, babbling about dismantling it just to appear fashionably “green” for the clueless but loudmouth masses.
What does keep the gov’t out of it mean?
I can use my property as I see fit? I can put an 10-story, 20 unit apt on a 10,000 sq foot lot? Ok! SFRs in major cities then disappear or rocket even higher in value. Parking/congestion is off-the-scale too.
Hopefully the muni govt can provide regulations for a Tokyo, Seoul, Shanghai or Osaka; not clapboard slums as seen in “global south” (aka third world).
Freedom from zoning is near achieved in Houston I hear.
A never-ending debate …
“What does keep the gov’t out of it mean?”
Just that. Out of it. Housing, nor commercial space, is no different from tennis socks. Simply another trivially easy to make manufactured good. There is NO natural nor economic reason for it to cost almost anything. Hence NO economic reason why it should even figure into the cost for Americans as far as costs of setting up cost-competitive businesses are concerned.
People in Tokyo live in better houses than people in the third world because they can afford to. If you are poor, even a clapboard dwelling beats the American alternative of nothing at all. Once/if some clapboard dweller starts earning Tokyo salaries, he’ll upgrade his clapboard to something closer to Tokyo standards. It’s got nothing to do with bans attempted passed off as “regulations.” Noone needs those. Noone Anywhere. In any area. Only possible exception being nukes and other strategic WMDs.
Again: Nothing differs, even slightly, from tennis socks. Japanese, Chinese and Koreans have nicer ones than third world slum dwellers. Who, again, have nicer ones than Americans who can’t afford any at all. Again: Bans on cheaper tennis socks have no bearing; at all; on why Japanese have nicer ones than poorer people elsewhere. Japanese being able to afford nicer ones, have everything to do with it.
NOONE, anywhere, is somehow “better off” by having to starve to death just because he can’t afford a fancy Japanese fuzzy logic rice cooker. Ditto freezing to death becasue he can’t afford a Tokyo penthouse. Free societies end up providing the best product possible for ALL residents. From the poorest to the richest. From a clapboard for those who can only afford that, to Mar-a-Lago for those who can afford that. There is NEVER, EVER, ANY benefit derived from having a gaggle of retarded,useless, trashy, worthless garbage arbitrarily deeming and finding and holding and feeling that what some people would consider the best housing they could justify buying, somehow being worse than them sitting around outside, freezing to death like the matchstick girl in that HC Andersen tale.
My home in Bundang, South Korea was way better than my home in Antioch, Tennessee, especially since I could walk to the 7/11 at 3 am without any worry of being assaulted or robbed by feral humans.
They are doing this in Portland
It’s not LA. The state of CA passed laws a few years back requiring EVERY community (including wealthy ones like Malibu, Atherton, etc.) to create plans for allowing x amount of low-income housing in their owns. The state is serious and has been fining/suing those who refuse to cooperate.
What was the Trump v Harris vote breakdown among these groups:
Not vaxxed
1 vax
Multiple vax
The multiple-VAX group has mostly died or is on life support. /sarc
Fair question, most dead people do vote Democrat. Surprized Mish missed this sub category..
52-44=8.
Math IS hard…
A Big thanks to all the never Trumpers.
Thanks are earned for making it possible for Donald J Trump to make his points about Normalcy vs. Nuts.
Now please go out and do some mostly peaceful protesting and grease Trumps wheels so that he can get policy changes implemented.
Oh and to the Dems since that is your identity, who want their party back. As Obama said Good luck with that.
Tsk, tsk – taunting the losers!
Not good sportsmanship.
Mish: Congrats on your work with the election forecast. Also really like all of the economic information. I learn a lot and see different opinions and perspectives.
Thanks for all that you do.
Mish, if we list out the problems identified: wages, rent, etc. and then we project out what CAN be done, then of course it is easy to imagine that Trump and his Admin, with the help of BOTH chambers, can do NOTHING.
What CAN be done? Inflation is still sticky (Groc Prices will continue to Inflate in price, and pretty much everything else, esp. Insurance, are UP UP UP)…Wages will never rise even in tandem with a concocted 2.4% Number…impossible, since we know that the CPI numbers are a crock)…..Rents are higher and will continue higher.
Trump PROMISES TARIFFS. He will deliver. Inflationary!
The one thing that I hope will continue trending is regaining our right to a Free Press (if it IS trending???) and our right to Free Speech, which BidenCo and Special K absolutely chiseled at as quickly as they could.
I am still feeling hopeless and considering fleeing America. We shall see.
One big upside, IF he delivers: Ukraine SPENDING drops to zero.
ONE BIG DOWNSIDE: TRUMP IS PRO-ISRAEL so of course we will move that “saved” Ukraine earmarked for crushing Russia (as if) and it will be spent elsewhere by our MIC.
Grocery prices are increasing now because inflation has become established in the wage structure. That is, a LOOP, which was the problem in the 1970s-early 80s.
The Ukraine-Russia fight might end, but the real problem is the Russia-China alliance.
When fleeing, seriously consider Tasmania. Below South 40, it is as good as New Zealand for avoiding nuclear fallout.
“Grocery prices are increasing now because inflation has become established in the wage structure.”
Prices are up, RELATIVE to wages, because 1.5billion Chinese are now wealthier than their American counterparts and are bidding up prices for everything. That development will NOT change for a long, long time.
America could fairly easily compensate to a degree, by abandoning the theft model which redistributes almost all remaining wealth still here to negative value add, privileged dead weight leeching classes, by way of debasement driven “asset” pumping. In the short run, this would lower price pressures immediately. While in the longer run, it would make America more competitive hence wealthier hence more able to bid for stuff against the Chinese.
But even comprehending that, is likely an order of magnitude beyond the meager abilities of anyone in charge of anything in America 50+years post Full Retard financialization.
The deportations will help … open up some housing, reduce transfer payments, medical costs, crime, etc. Maybe replace with legal, merit based immigration (Tech Companies would love more H1Bs).
In long run, lack of low-cost labor forces automation of low-value jobs in construction and agriculture expanding our industrial might.
Legislation to reduce the percentage of housing, especially single family homes owned by investment funds like BlackRock would help assure adequate supply for individuals buyers.
Legislation to make it necessary for 3rd parties buying homes in bullk for BlackRock et al, to identify themselves as such when making offers, would allow sellers to choose whether to surrender their homes to the people selling them into poverty via financialization of everything not nailed down.
Merely hire some people to analyze the real estate market since the 1980’s and some very obvious problems should become easily solved. Its the mist of mystery that is blown around all things to make it seem like all our problems are unsolvable, when actually its just some people make a fortune making sure they are never solved.
We used to use logic and innovation to solve problems, now we just shout at the sky and sell our attention to silicon valley for food stamps.
And you think Trump, a RE investor himself, is going to constrain companies dealing in RE? Be serious.
You think the Trump administration will do anything vs. Blackrock? Too funny!
You fools are so gullible! This recent 60 minute segment discusses how expensive any deportations are going to be and how difficult they will be administratively and legally.
Ah, 60 minutes, the bastion of truth.
Law and Order (police, jails, lawyers, etc) have costs too … the cost of not having having L&O is higher. Plus, deterrent factor is important.
Reality is plenty of people will disappear into the shadows and stay/work until some type of amnesty (or not).
“The deportations will help…”
They always do. Deporting young, fertile people able and willing to work for competitively low wages, while leaving bedridden, entitled geezers in need of care; who are only willing to vote themselves other people’s money; in place, always “help”……… That’s simply how Idiotipia works, you know…
Ok, fair enough, you’re an open-borders person. How many of the Y&F is enough?
How’s 900,000,000 sound?
https://news.gallup.com/poll/468218/nearly-900-million-worldwide-wanted-migrate-2021.aspx
“How many of the Y&F is enough?”
Five year planning “how many is enough” is genuinely beneath me.
Exactly where random other people choose live, is exactly none of my business, as long as it is not in my house, yard or place of business. Sure, given sufficient superpowers, I’d much prefer to deport everyone away from LA traffic to keep the roads clear. But sitting around arbitrarily picking who shall be deported and who shall not, based on one arbitrary, harebrained non-justification or another….. Talk about waste.
“The deportations…..” – sounding kinda Third-Reich-ish…….
aww…that’ll get you banned.
OK. So, Trump won. What’s next under a lame duck Biden. What will happen after Jan 20. Trump owns the reps party. It’s 100% his. He is the reps landlord. He owes nothing to any particular group more than other groups : blacks, latinos, asians, renters… He can say : NO. He isn’t a cartoon. He promised that it will be tough and it will be, at least for a while.
I’ve heard tale of a golden age. That’s just around the corner. I’m excited!
What’s next under a lame duck Biden?
That’s easy. Destroying all records of democrats’ malfeasance.
Biden’s boys are busy running the shredders 24/7, same as the FBI and DOJ. They are readying their run for their hills and burning everything they leave behind.
interns are busy removing keyboard caps from white house computers and snorting coke and crying in the bathroom.
It may help if you or the Statisticians divided the “Youth” Renters/Trump supporters into two groups for us. Those that paid rent and those Jobless/Evicted/living at home. Confirm what percentage of the later Youths had voted more or less for Trump.
I imagine that only within the “Youth – Employed and Paying Rent” there were
several key issues that influenced young voters to support Trump in the 2024 election. Immigration: This was a significant issue for some young Trump supporters, who prioritized more aggressive enforcement of immigration laws. AND,
Social issues: While not as prominent as economic concerns, issues like free speech and cancel culture resonated with some young Trump supporters.
For those Jobless/Evicted Youth voting, it most certainly was the dissatisfaction with the status quo: “About 3 in 10 voters said they wanted “total upheaval” in how the country is run, which aligned with Trump’s disruptive approach.”
You’re kind of describing Trump’s young
would-be assassin.
Did he have trouble with Math, same as you in connection dots?
You forgot to mention
1. 34 felony court cases against Trump.
2.Two assassination attempts
They are powerful incentive to vote for Trump.
They certainly made me understand when the anger of the machine gets turned upon you, you better be a billionaire or they will destroy you where you stand. Jan 6th was insurrection, because they needed lawfare to attack Trump’s supporters to intimidate them. Guess that backfired…
It made the double system of justice in this country visible to all the blind except lady justice..
Breaking Trump Votes down by age past three elections:
Age 18 to 29 Votes 37% 36% 46% Trump
Age 30 to 44 Votes 42% 43% 47% Trump
Age 45 to 64 Votes 53% 51% 51% Trump
Age 65+ Votes 53% 51% 50% Trump
Youth Matters Most – THANKS MISCH!
Better Math.
The Youth Group Trump GAINS:
Women 18 to 45 went from 37% Trump in 2020 to 43% Trump
Men 18 to 45 went from 45% Trump in 2020 to 52% Trump
The Aged Group Trump GAINS:
45+ Women are UNCH at 47% Trump
45+ Men gained a point from 55% in 2020 to 56% Trump today..
All fair points. Clearly a vote of exasperation. But what will happen when voters will realize they have been taken for a ride and that Trump will do the bidding of his billionaire backers? If the idea that stopping immigration will make rents go down, that is as silly as it gets.
Denial, same as last time.
Not stopping immigration; STOPPING ILLEGAL IMMIGRATION.
I’d take one genius from South Africa (Elon Musk) over 1,000,000 uneducated from Haiti, or elsewhere.
Higher Math
Trump GAINED on the Women Vote: 2016 = 42% 2020 = 43% 2024 = 45%
Trump reclaimed the Men Vote = 2016 = 54% 2020 = 51% 2024 = 54%
He may have gained percentage but not numbers. That says something about the quality of the candidates.
Your quality concerns of candidates is meaningless noise and nonsense. Lower turnout has a direct correlation to the Expanded early voting and mail-in ballot options, particularly in 2020 due to the COVID-19 pandemic.
A necessary additional analysis why the significantly less number of voters in 2024 versus 2020? Apparently about 15 to 16,000,000 people less voted in 2024. What is your guess for the explanation?
Most of those 15 mil have no idea they “voted”.
Yes, huge drop in turnout… my guess neither candidate was exciting so no motivation.
Dems focused on swing states; strategically ignored NY, CA, IL so turnout dropped.
In 2020, people were locked in their house watching TV and seeing Trump on display EVERY SINGLE DAY … gets tiring. I like not seeing Biden past few months.
What happened to quiet competency?
“Staggering class realignment/shift in working class
Harris lost DESPITE major shift of affluent voters her way
2020: Trump wins voters over $100K, 54-52
2024: *Harris* wins voters over $100K, 54-45
2020: Biden wins voters $50K-$100K, 57-42
2024: *Trump* w/ voters $50K-$100K, 49-47
2020: Biden wins voters under $50K, 55-45
2024: Trump massive improvement w/ voters under $50K, 49-48”
https://x.com/JStein_WaPo/status/1854168624119877887
Yeah, this is a vote by the plebian Republicans against the patrician Democrats.
I saw this too. Probably not a permanent shift but rather an indication that people are struggling to make rent and put food on the table and they rightfully blame the incumbent party.
Student Loan forgiveness didn’t help the D’s
A rising tide lifts all boats
I found it! Barry Ritholtz in full “My friends and I got ours, screw the proles” mode. Near the bottom
https://ritholtz.com/2024/05/actions-not-words/
“I went to a local BBQ/Car Show this weekend, and I got dragged into a conversation about “how lousy the economy is.” Rather than inundating these folks with data — all that does is get people to double down — I elected instead to ask some questions:
Gee, it sounds like you guys are really struggling…
I get that if you are in the bottom quartile, you face difficult challenges; but the bottom quartile always has a harder time. But overall, looking at the economic data, I see record consumer spending, unemployment under 4% for two years, lots of new jobs created, inflation way down from its fiscal stimulus surge, wages up, and the stock market at all-time highs. That’s not merely an okay economy, but an excellent one.
I cannot help but be reminded of the Ralph Waldo Emerson quote my father was so fond of admonishing me with: “What you do speaks so loudly I cannot hear what you are saying.”
Barry was awfully quiet today. Hopefully the arrogant so and so is taking some time reflection.
It’s quite simple, the more the government prints to prevent the business/credit cycle from functioning “as it should” (it shouldn’t even exist) the bigger a wedge is driven between the top and the bottom Americans. It’s not that recessions have been vanquished, it’s that ALL the economic malaise has been offloaded onto only the bottom half (2/3rds?). But since all the data released is comprised of averages and means, everything always looks “OK” or Meh at worst. Back when the US was a manufacturing economy, a downturn was felt by almost everyone at the factory.
you know, I ask the same question of my fellow dumpster divers, yet our answers are surprizingly different. Almost like there are 2 worlds, yet one is invisible to anyone who doesn’t want to see them.
How many homeless live under bridges in your dream world? I can’t recall having panhandlers at every interstate ramp until around 2007/2008. Yet everything is coming up roses in your world. I want some of what you are smoking, it must be fantastic.
Puh-leeze. You’ve taken that column out of context with your excerpt.
Ritholtz was railing against all the people on Wall Street (the people he mainly associates with) who are/were complaining that the economy was doing poorly under Biden, yet everything in their lives was going gangbuster positive.
He did acknowledge in passing that the lower 25% of the population might be struggling but that this segment was ALWAYS struggling.
Trump successfully used this BS about the economy rally his voters but then Trump voters aren’t the brightest bulbs on the tree.
Should we always have to kowtow to the lowest, poorest, generally least intelligent segment of any group due to compassion? I think not.
We should not be sending food aid to poor countries. We should not be giving homes to the homeless. We should not coddle drug addicts and thieves,etc. Doing these things only encourages more of the same.
I agree, but we shouldn’t be allowing BlackRock et al, to buy large swathes of homes driving up real estate, nor should we allow an endless tide of illegals to migrate into neighbohoods taking renting homes from Blackrock with section 8 taxpayer monies.
We should not have homeless period. There are techniques and programs that could eliminate homelessness, but its become an industry like for rent prisons, organizations in california make billions eliminating homeless which never go away, because its a democrat financial grift.
We need fresh ideas and we needs limits on greed. America was greater when it had industries built by innovators and their families, and each city was a unique independent economic entity. Rather than today where its just clones of consumers buying shit from overseas and renting cookie cutter crackerboxes.
There is a real death of imagination in the USA. everyone is scared, stupid and enmeshed into a myoptic vision of dystopia.
We are being programmed to fail, being told there is no way to succeed, we are worthless, if you are a man all the sins of the world are your fault, etc.
its a massive demoralization program being co-ordinated by elements of our own government against us. The country was happier during the VietNam war than this malaise that holds us all in concrete.
Been watching Blade Runner movies?
If you’d like to help, there are volunteer opportunities at social svc agencies.
I just put a roof on my house. $24k high estimate was $75k mid $44k. Pre covid estimate was $12k. 2010 I put a roof on my other house $5k although a smaller roof. My parents had a bathroom remodel small bathroom $10k maybe more for basically a makeover. They didn’t know what they were doing either.
Ok. And your point is? Trump isn’t going to be able to make prices come down to where we were unless he can engineer a depression for the USA, so I guess he is going to have to find a way to get a raise for everyone! [lol]
Good luck with that if you remember Trump’s statement from not too far back about how his union workers wanted a raise but he went and hired non-union to avoid paying them more. And yet union members voted for Trump!
Hopefully the bond market makes it so he can’t just do another 4 years of Sugar Rush economics and passes the problem to the next guy. I voted for Trump and I am almost fully onboard the MAGA train, but the can kicking and generational theft needs to stop.
You can’t fix stupid..
Ok, whatever. Election is over, result is in, time to move on. I’m looking forward to the return of Camelot!
Trump better deliver on his many promises.
He better not put Pompeo or Cotton into any important position. Pompeo can be Secretary of Ag or something – at most.
oh god no. get some new people, there’s plenty of better ones.
Pompeo can be ambassador to Alaska (yes I know Alaska isn’t a country, but Pompeo doesn’t)
You have a greater understanding than all other talking heads. Congratulations!
A Canadian
Put it simply, everybody wants their country back (or town, community), even if it means being poorer and safer. Who wants to be inundated by hordes of migrants.
The liberal globalists mafia preach that that’s backwards, country hicks thinking.
Finger to them everywhere.
Amen. I am an immigrant, but a Cuban one. We are PROUD to become Americans, grateful for the opportunity to join this nation. We assimilate quickly and we immediately get to work adding value to the nation. Maybe today’s Cubans are freeloaders, but you won’t find a prouder, more appreciative set of immigrants than the Cuban expats of my generation (and of course older).
Here’s what democraps won’t tell you. Legal immigrants have the same tendency to work hard and contribute, usually because they bring valuable skills with them
Amen. I’ve yet to meet a Cuban that was lazy. No marxists here.
TRUE! Cities are full of migrants and homeless people.
The final drive was directed at the working class. No tax on overtime and tips.
Great way to get people out to vote who usually don’t vote.
Yes, now let’s see how he implements this campaign promise. Will Congress cooperate? Because I don’t believe he can change the tax laws by Executive Order.
But hey, it sounded nice to the low-IQ people who voted for him based on this promise.
so nothing can change, so no one should ever offer any alternatives. your mindset is the problem. you can’t fix anything until you realize there are other ways to do things.
so anyone who dreams of a better world is low-iq? I think I prefer to live among the low-Iq, rather than highly educated morons who tell us what can’t be done every day, while we do it anyhow…
So you believe in “hope and dreams”, yes? [lol]
I beleive in the same dream of America that has been alive in this land since we stole it from the natives and the British Crown. A better world built by common people, to leave a better world than we came into.
I am working with an American for whom the overtime promise was the no.1 thing.
Trump lost votes from last time, but Kamala lost more. Why?
1) Marxist anti-western culture war over the past 4 years forced by the Administrative State that attacked (intersectionally, of course) nearly 90% of the population. This makes it personal and hits home for everyone with kids and employer’s DEI “training” and “initiatives”
2) Allowing massive illegal immigration that drove up demand for housing, food, hospital care, education in urban areas and latino areas that (D)s rely on while forcing down pay. How did the (D)s react? Give the illegals money, phones, hotels, displacing public school buildings while ignoring the US citizens in those areas while crying xenophobe if you complained.
I mean, Trump is a deplorable man, but the (D)s were so far worse that they lost across the board.
Trump gained more votes this time from many segments that normally vote Dem. More young, more blacks, more Hispanics etc. Yet somehow his total went down a couple of million. Perhaps the higher number he got in 2020 included a few million votes from ballot box stuffing by the Dems.
Sounds crazy. But if in the blue zoos they kept finding boxes at 2.30 in the morning with the shades down then they had to make the steal plausible. Need to find an extra 20000 Dem votes then they couldn’t just find a few boxes with every single vote being Dem; so find a few boxes with 25,000 for Biden and 5,000 for Trump and they get the result they want with plausible deniability. Do that in multiple polling stations in multiple states and that can be millions of fake votes.
A ratio of 1 to 5 sounds about right, and believable.
…or a lot less cheating than last time?
If you thought the kids were pissed off at the effects of zero percent money 2008-2022 buying up all the properties and allowed RENT to be raised everywhere and anywhere, just wait for part 2. Trump will drop the rates back to zero, hundreds of billions more will be available to hedge funds and private equity (aka the wealthy), who will continue to buy up everything in sight till 5000 familes own everything .. young people will never have homes of their own, or rent they can afford. Cant wait to see it.
Trump runs the Fed and also is the bond market?
Everyone he appoints bends the knee.
like BLM?
I am a Trump supporter but I fear you are right. All he knows is sugar rush economics. Hopefully the people around him are smarter than that.
Hopefully I can fly to the moon this year. My retirement is in a lot of the 10-year yield. I was planning to have to deal with the 10-year yield paying nothing, but so far Im making 4.45%. They know he’s a borrower and spendthrift.
They are, but they’re there to grift.
What the heck does your picture say? There are 2 age groups referenced. How could Biden lead in the 65+ group by 20 points? Did you mean the young group? Why the hell didn’t you make a pix that stated that. And I guess maybe you meant somewhere in the text that you used AI?
Your text has no coherence. What does the rest of your words have to do with the initial photo, especially with Harris at 52-44 over Trump.? Did you get your journalism degree from Columbia (not the Univ., but the School of Broadcasting)?
Dear clueless (or math impaired) which is it?
Biden won the youth vote by 25 points.
Now here is the hard part. Math is hard.
52 – 44 – 8
25 – 8 = 17
I see that math is so hard and others might be too strained to see the obvious, I will add the very difficult to see math to my post.
Your picture says nothing of the sort.
Read the caption at the top of the picture. Now, look closely at the picture, which highlights with the yellow boxes that the youth vote is being presented on the screen. The picture therefore provides all of the figures Mish used in the comment above and column. From those figures you can deduce how much better Trump did in 2024 getting the youth vote.
52 – 44 – 8 ?! WTF is that?!
your superball lottery numbers, you have to pick the superball and any missing digits. play often – you can’t win if you don’t play…
Ricky, can’t you figure out a simple typo, or do we need to literally spell everything out for you?
The graphic is like the Hocus Focus cartoon. Not everyone isn’t going to notice that the under 30 box is outlined in yellow.
What is absolutely astounding is that anyone with a few brain cells would vote to have that IQ 70 deranged witch anywhere near the White House, much less in it is way out to lunch and devoid of any critical observation, much less thought process.
Well, this was the last free election here in the US. Future elections may still have the trappings of an election but then e.g. one can only choose between say 2, 3 or Republican candidates. And then the state gouvernors now will decide who won in their state from now on.
Is Trump willing or able to solve this “rent” problems ? He is part of the establishment that preys on those same “Gen-Z’.
Whatever you are smoking you should stop it.
I remind you the Democrats are the ones who rigged the 2020 primary, then failed to have one at all this year, and even sabotaged RFK Jr. They have no interest in free elections.
Might as well toss in 2016 for Bernie’s sake.
It’s going to be interesting to see how they deny this reality….
You did predict the blacks and young voters quite a while ago. Good insights, which is why I enjoy your blog so much.
Amazing to see Silver go down in total flames. I think in the end he has his own bias to contend with. But whatever, it’s still fun to see him and many other clowns proven wrong. Genuinely satisfying.
Looks like Trump will end with 312 EVs and winning the popular vote by over five million. It really is wonderful!
Sure. Also the 2020′ Democrat vote counts looks mighty suspicious. The most popular President of all time gets jettisoned over one bad measly debate? He could have just hung low and people would have forgot in 24 hrs.
Your picture is clear as mud.
Once again I see that math is hard. I added this explanation
Biden won the youth vote by 25 points. Now here is the hard part. Math is hard.
52 – 44 – 8 Harris only won the youth vote by 8 points.
Biden won it by 25
25 – 8 = 17
Maths seems hard for you, you keep using a minus sign instead of an equals…
I think the confusion comes from looking at the picture and on the left seeing 2 age groups (65+ and under 30)..
But if you look closer, you see the yellow outline around the under 30 age group then the numbers on the right (52-44). The TV presenter has selected that age group and it shows the numbers for that age group. If they had selected the 65+ it would have a yellow highlight and the numbers would change to show that age group.
Probably would have been best if Mish photoshopped out the 65+ box to reduce confusion.
Harris was plus 40 with atheists. And that’s why she lost
space does not permit me to list all the reasons she lost. She was the candidate of last resort and she came in last, there is a reason why words have meanings..