It’s Still Inflation, Stupid
The Democrats succeeded last week in bringing America a complacency convention, a convention about almost nothing except fear and loathing of Donald Trump interposed with a substance-free celebration of their own joy. That might not be a winning formula in a political environment in which inflation is still the most pressing issue facing voters.
Certainly, the successful exile of Joe Biden from American politics has boosted Democratic enthusiasm about the election and the economy. The most recent polling by YouGov for the Economist shows that 71 percent of Democrats say they are extremely or very enthusiastic about voting for president this year, up nearly 30 points from July and above the 61 percent of Republicans who are enthusiastic.
Similarly, Democrats are much more optimistic about the U.S. economy than they were a month ago. The University…
