In this election year, the Republican Party has taken our economic condition as its cudgel. Similarly, the Democratic Party has taken abortion as its cudgel. Neither position helps the American public to any great degree.

The Republicans a very disingenuous in using the economy. In my undergraduate studies, oh so many moons ago, I minored in business administration. But even in those days, it was made very clear to us that we live in a world of a global economy. Simply put, every nation in the world is affected by the actions of either a handful of large economies of any single nation or that of a handful of small nations tied together.

Over the last 10 years, one of the world’s largest economies, China, has affected the rest of the world. China supplied, and still supplies, the world with electronic components and toys among to many other items. In return, China imported many food stuffs, particularly from the United States. When the corona virus hit the world, supply lines everywhere were negatively affected. Christmastime last year those supply line issues were shown to us via the major news outlets. Everything seemed to be in short supply, which was true. And who was to blame? Absolutely no one! The simple fact that many workers were too ill to work caused shortages which were entirely because of the pandemic. Recently, China has taken the stance of cancelling many of its food imports.

During those two years, many of those workers dropped out of the work force entirely, some never returned. Additionally, sectors such as transportation laid off huge numbers of their employees entirely because of the lack of demand. But in all cases, many of those workers who were of an age to retire, did so. Others got themselves trained for jobs which were still available and did not return to their previous job. Were there no pandemic, it is not unreasonable to assume they would have stayed on well beyond today. This was not because of the action or inaction of either political party. It was a simple and predictable part of economics. One such example is the oil industry. When demand goes down so do prices, a simple principle of economics. But the response of oil producing countries was to lower supply, an entirely reasonable response. This has the effect of raising prices even in a down economy. But this particular industry is somewhat unique. As the demand for oil started to rise, there is no reason for oil producing countries to increase production even though the United States was able to get OPEC to briefly raise production. Recently, OPEC decided to reduce production again.

Americans, thinking locally have taken this personally, and have disregarded this as a global issue, which, of course, it is. Right now, it is President Biden who is taking the heat for something over which he has no control, a global issue. The entire world is suffering the effects of higher oil prices with no country immune.

Our economy, like every economy in the world, is affected by the whims of stock markets, and in particular, that of the “futures” guessing game within stock markets. Easily spooked and too often wrong, these markets affect the prices we pay in the supermarket. Does the President of the United States or the entire 535 members of Congress has any sway over these things? It is foolish to think they do.

Politically speaking, neither party has the power to change our present economic situation. The best tact for each party is to explain to the public the truth, as I have just laid out, how our challengers with China, the war in Ukraine, the problems with the European Union economies, political unrest in Africa, food shortages world-wide, and so many other ills, all play into the economy in which we now find ourselves. One of the best moves, which Pres. Trump started, and which Pres. Biden has continued in earnest, is to make America lest dependent on supplies from other countries. No place is this more evident than in the automobile industry where new car availability is difficult at best. Pres. Biden has called upon industry to manufacture more electronic components here rather than relying upon other countries to supply them. But that is not an isolated example. Our export deficit has been plaguing us for decades with U.S. businesses sending more jobs overseas in search of lower manufacturing costs. There is one place that politics can take action, if unpopular to business, the resulting effect would be positive to Americans, in supply availability but in job availability.

It would be far more responsible were politicians to honestly educate Americans on the realities of economics than playing the us-against-them ideology being practiced today. All 535 members of Congress plus the President and his political appointees are responsible for seeing that through.