General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMany mornings I hear Kevin Cirilli and Jonathan Ferro on Bloomberg saying trump wins on the economy
and implying with many of the wall street guests they parade across their screen that this is the reason they believe trump has a good chance to win in spite of the polls
I am not sure what they are basing that on because a lot of people have been left behind even before the pandemic
The trade wars were a disaster, and the tax bill mostly benefited the 1%. while increasing the deficit to record highs, which we will pay for later, without much bang for the buck later
The economic polls I see are based on "approval", and I am always skeptical of approval type polls, because I don't believe they necessarily translate into actual votes:
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval_economy-6182.html
Aviation Pro
(12,243 posts)The economy is being propped up by gimmicks, which will run out.
still_one
(92,510 posts)rates, and throwing millions into industries that were hurt by the trade wars, etc
The failed trickled down economics
live love laugh
(13,216 posts)NoMoreRepugs
(9,512 posts)do whatever they want. Lowering corporate taxes and the tax rate on the mega wealthy also curries a warm response.
still_one
(92,510 posts)Turbineguy
(37,415 posts)as cheerleaders for the stock markets.
Mike 03
(16,616 posts)I mostly listen to Bloomberg Radio where one hears less of that sort of dizzy-eyed cheerleading.
Turbineguy
(37,415 posts)Fox is obviously hopeless.
uponit7771
(90,371 posts)HotTeaBag
(1,206 posts)They are desperate to get more of the same.
roamer65
(36,748 posts)That stink emanates from him.
doc03
(35,446 posts)economy by Wall Street he does. The only reason I can see why the market is high is there is nowhere else to put money.
still_one
(92,510 posts)false assumption
oasis
(49,484 posts)spanone
(135,929 posts)still_one
(92,510 posts)necessarily the case
Newest Reality
(12,712 posts)tinrobot
(10,927 posts)But hey, look at that stock market!
Not buying it. Not buying stocks at the moment, either.
still_one
(92,510 posts)Azathoth
(4,611 posts)The economy here in the real world is on life support. Many of those furloughs are turning into layoffs now. The pain is just beginning.
Entire sectors of the economy are about to go under. The hospitality industry is extinct with the exception of restaurants which are managing to struggle through with takeout orders -- many won't last. B&M retail is hurting badly. Pretty much any business that depends on physical interaction is in deep trouble.
The crash happened so suddenly it felt like the world was being paused -- which is what should have happened, but didn't. Unemployment, the stimulus, and the fact red states basically ignored lockdown and kept their economies going have provided just enough cushion to keep that fantasy alive for the hedge fund set. But now the initial numbness is wearing off and the real damage is starting to ripple through the country, just in time for the red states to lockdown and collapse under their own self-inflicted coronavirus disasters.
CrispyQ
(36,562 posts)is just one of many lies that the GOP has hammered into the minds of the American public, and all without any serious challenge by the democrats. Our side has been silent for 40 years while the GOP staked claims on being the party of God, the party family values, and the party of fiscal and personal responsibility. And our side? We're the tax and spend democrats. The most popular meme about the dems was created by the other side. And we didn't even bother with a comeback to that, like, tax CUT and spend republicans. Nope. Crickets. And even now, it's like the dems don't believe in marketing.
We need national campaigns that challenge each one of the GOP lies, because what they claim their party stands for and what they are, are two different things. We could start with that Joe Conservative essay. Take each of those issues and show how democratic policy helps or benefits the People and how republican policy doesn't.
George Lakoff's book, Moral Politics, goes into framing the debate, and why so many people vote based on emotion rather than logic. Too bad dem leadership doesn't hire him. Or even read his book.