Economic News

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heelinhell said:
Wow !

I thought the economy would suddenly become the greatest after Trump took office. It never occurred to me that a Trump victory would suddenly make the economy the greatest ever🤣
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Neither patience nor understanding of cause and effect are among their strong points.
 
superrific said:
This is why uncritically accepting what people say at an exit poll is a bad idea.
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Not just exit polling, IMO. I think issue polling in general may be pretty much dead. There's just too much dishonesty. Huge percentages of the Republicans who told pollsters before the election that they thought their economic situation were worse were just lying. They didn't actually think that, as post-election polling has confirmed. They just wanted to tell the pollsters they blame the Democrats for everything, regardless of who's actually responsible for it.
 
How do you campaign from a standpoint of "the economy is actually in a very good place?" While every Joe citizen is saying, "yeah, but eggs are still so expensive." Clearly, people feel/ felt like the economy is not great even as they buy trucks, take vacations and go out to eat regularly.

The Dems needed to hammer at the narrative of the economy being terrible. Although, as I've said in other threads, I'm not sure how that message would've gotten to the people that need to hear it in the current media landscape.
 
bassydude77 said:
How do you campaign from a standpoint of "the economy is actually in a very good place?" While every Joe citizen is saying, "yeah, but eggs are still so expensive." Clearly, people feel/ felt like the economy is not great even as they buy trucks, take vacations and go out to eat regularly.

The Dems needed to hammer at the narrative of the economy being terrible. Although, as I've said in other threads, I'm not sure how that message would've gotten to the people that need to hear it in the current media landscape.
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I don't see how any messaging could have possibly made a difference when the relevant variable was not the state of the economy, but rather who's sitting in the White House. And to be clear, many Dem voters have a tendency to do this, too. The economy never changes materially on election day, but when the party changes, miraculously, the perception of the economy by out-party voters shifts dramatically overnight. So the problem is not what Biden or Kamala said about the economy in the campaign. It's that Pub voters hated the economy when Biden and Kamala were in charge, but love the exact same economy now that they won't be.
 
lawtig02 said:
It's not a great analysis because both Bush and Trump left the economy in the toilet, but this gets the point across --
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What point, though? What I see is Dem voters being prescient. If you graph that chart against economic indicators, I'm guessing that the red line would be the big outlier.

I mean, everyone has their biases and it can affect perception of the world. But the red lines in that chart are far more vertical than the blue ones.
 
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superrific said:
What point, though? What I see is Dem voters being prescient. If you graph that chart against economic indicators, I'm guessing that the red line would be the big outlier.
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Fair enough. Since this has only been happening for six cycles and the economy has tanked at the end of every Pub presidency in that time period, it's hard to know how much the Dem perception is impacted by partisanship rather than by economic fundamentals. I certainly agree the Pub perception is more shocking, both in its factual ignorance and in the herd mentality it represents. I can't help but think some percentage of the Dem base may allow its perceptions of the economy to be influenced by who's in charge. But the charts suggests that's literally ALL that matters to the VAST MAJORITY of Pub voters.
 
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Eggs are going up again, so I assume everyone is about to lose their shit about the Thanksgiving deviled egg crisis.
 
heelinhell said:
My guess is he will cut rates another 25 basis points next week and then wait to see what havoc Trump may wreak on this wonderful economy that Biden has given him on a silver platter ...
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…that’s just a wee propped up by government borrowing, spending and employment.
 
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