How Do Democrats See Affordability As A Winning Issue?

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I used to be a Republican. I like low taxes, minimal (not no) regulation, a strong military, government staying out of the free market, fiscal responsibility, and its close cousins personal responsibility and accountability. I can't abide what the party has become -- loud, populist, short-sighted, stupid, appealing to the basest instincts. Equally as spendthrift as the Democrats ever were, just arriving at the same deficit from different directions.

Democrats are no better. If you don't toe their line, you're not only a hairy-palmed knuckle-dragging moron, but a horrible human being beneath contempt. Forever alienating all but the left with insults and condescension. Loony-tunes ideas that only hurt the very people they purport to protect. Outside of bait-and-switch (see Virginia Governor Spanberger) and saying, "At least we're not...[fill in criticism]." a distinct lack of ideas to counter the worst Republican candidate and worst administration in history.

So I'm politically homeless. At 67, it's looking like I probably will be until I step off the mortal coil.

So my question to our blue posters -- or anybody for that matter: Why do Democrats see "affordability" (largely undefined beyond vague implications of The Man keeping the everyday Joe down) as a winning issue?

Reason I ask is that the most un-affordable cities and states tend to be deep, deep blue Democratic strongholds.

Google the cities or states with the highest costs of living.

Depending on exactly how "cost of living" is calculated or how a "city" is defined, you might see the order shuffled. But at or near the top you'll find New York (city and state), Massachusetts, California, Oregon, Washington, Hawaii, Los Angeles, San Francisco, Washington DC, Maryland, Chicago, pretty much the whole Northeast except Maine. Doesn't get much bluer than that.

In the significant majority of cases, the reasons cited are high state, local and/or sales taxes and high housing prices. I'd add that, outside of magnet schools and similar that have competitive admissions, their public schools are abysmal despite high per-student expenditures. But that's really an education topic.

Back to the beginning: I'm truly bumfuzzled as to why Democrats want to make affordability (however that might be defined) "their" issue, when their record on creating an affordable economy is so bad.

Any thoughts -- beyond, "Donald Trump is horrible," (which he is) -- out there?
 
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I used to be a Republican. I like low taxes, minimal (not no) regulation, a strong military, government staying out of the free market, fiscal responsibility, and its close cousins personal responsibility and accountability. I can't abide what the party has become -- loud, populist, short-sighted, stupid, appealing to the basest instincts. Equally as spendthrift as the Democrats ever were, just arriving at the same deficit from different directions.

Democrats are no better. If you don't toe their line, you're not only a hairy-palmed knuckle-dragging moron, but a horrible human being beneath contempt. Forever alienating all but the left with insults and condescension. Outside of bait-and-switch (see Virginia Governor Spanberger) and saying, "At least we're not...[fill in criticism]." a distinct lack of ideas to counter the worst Republican candidate and worst administration in history.

So I'm politically homeless. At 67, it's looking like I probably will be until I step off the mortal coil.

So my question to our blue posters -- or anybody for that matter: Why do Democrats see "affordability" (largely undefined beyond vague implications of The Man keeping the everyday Joe down) as a winning issue?

Reason I ask is that the most un-affordable cities and states tend to be deep, deep blue Democratic strongholds. Google the cities or states with the highest costs of living.

Depending on exactly how "cost of living" is calculated, you might see the order shuffled, but you'll see New York (city and state), Massachusetts, California, Oregon, Washington, Hawaii, Los Angeles, San Francisco, Washington DC, Maryland, Chicago, pretty much the whole Northeast except Maine.

In the significant majority of cases, the reasons cited are high state, local and/or sales taxes and high housing prices. I'd add that, other than magnet schools and similar that have competitive admissions, their public schools are abysmal despite high per-student expenditures. But that's really an education topic.

Back to the beginning: I'm truly bumfuzzled as to why Democrats want to make affordability (however that might be defined) "their" issue, when their record on creating an affordable economy is so bad?

Any thoughts -- beyond, "Donald Trump is horrible," (which he is) -- out there?

Much of your first two paragraphs describes a lot of my own political journey (the last GOP Prez candidate I voted for was W in 2004), but I can answer part of this (I think).

When life is considered "unaffordable," the party in power nationally always gets the blame. Period. It doesn't matter how accurate that picture is, it will never be altered. Throw in the fact you have a loud mouthed New Yorker who demands he get credit for everything in the world - and HE HAS BOASTED about his tariffs - and it doesn't matter that those cities are not affordable because the residents of those cities always know more who the PRESIDENT is than who their MAYOR is (this has been proven true over and over again; only the politically active know this).

I think it is a good issue for the Democrats - it always would be - because the voters are largely cesspools of ignorance in the first place. Trump adds fuel to the fire because of his insistence on letting everyone know he deserves credit (or blame) for what's going on in their lives.

"Life is not affordable. Must be the Trump tariffs. Vote Blue."
 
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As to your question - "It's the economy, stupid!" will always be a platform available to all whenever they wish to partake.

I predict come Summer - we will be doing much better wrt "affordability".

Largely due to oil prices coming back down. $60/barrel? I think so.....
 
LIFO cost accounting for inventory makes the most money...
True in a downward-trending cost structure -- the last (in the case of dropping inventory costs, cheapest) inventory in provides your lowest possible COGS, therefore highest possible profit.

So if oil prices do indeed fall from current levels, LIFO would produce more profit than FIFO. If not....well, that knife cuts both ways.

But generally speaking, inventory costs rise. So over time, LIFO tends to make the more expensive layers of inventory the first ones out, increasing COGS and reducing reported profit.

The main reason for LIFO is to minimize taxes. It increases COGS, thereby reducing gross profit and net profit, thereby minimizing taxes. You will rarely see a company use FIFO for tax purposes (yes, it's perfectly legal to use one set of accounting principles for reporting and another for tax).

For what it's worth, I never liked LIFO accounting because it's not an accurate depiction of the way most businesses operate. They sell their first (i.e., oldest) inventory first -- First In, First Out, or FIFO.

Use of LIFO also gives rise to something called LIFO Reserve which is confusing and makes financial statements more opaque.

But FASB never asked my opinion, and most businesses use LIFO.
 
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