'It's Not the Economy Anymore, Stupid' WSJ

Last edited Sat Jan 18, 2020, 10:29 PM - Edit history (1)

I want to edit this just a bit to say I don't think this is a good economy for anyone other than the very rich. Trump has had less job growth and less GDP than Obama even after his massive tax give away to the very wealthy. Also, wages are NOT rising.


'It's Not the Economy Anymore, Stupid' WSJ

A polarized electorate is less swayed by how well the economy performs

President Trump has presided over solid economic growth and much lower unemployment than economists would have expected a few years ago, a record he proudly touted in a speech in New York Tuesday.

Mr. Trump is counting on that record carrying him to re-election next year. Conversely, Democrats see hints of weakness, especially in manufacturing-intensive swing states, that could derail those plans.

Yet both could be working from an outdated playbook. Polarized politics mean that voters’ views of the economy are increasingly shaped by their party preference, rather than the other way around. And for some key voting blocs, non economic issues such as immigration, race relations and Mr. Trump himself have superseded economic concerns in determining their vote. Thus, absent a serious recession or spectacular boom, the economy may have little bearing on how Americans vote next year.

More: https://www.wsj.com/articles/its-not-the-economy-anymore-stupid-11573570241