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Halls of Shrewd'm / US Policy
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Author: albaby1 🐝🐝 HONORARY
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Number: of 41628 
Subject: Re: Priorities
Date: 10/28/2024 2:28 PM
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If they did, they'd be all for current policies, because the economy is firing on all cylinders.

I said they care about the economy. Not that they have the same assessment of how well the economy is doing. Voters view the economy through a partisan lens. While that used to be true only of Republicans, it's also true of Democrats these days. During 2019, for example, only 33% of Democrats rated the economy as good or excellent - even though it was also firing on all cylinders back then as well:

https://www.pewresearch.org/politics/2019/07/25/pu...

Regardless of whether people think the economy today is good or bad, correctly or incorrectly, it's still something they care about. They want to know a candidates' economic positions, and they feel less supportive of the candidate if they feel like they don't have a sense where they stand.

That said, the economy isn't "firing on all cylinders." While wage growth has caught up to inflation, voters still don't like inflation. Prices are still high, and inflation rates are still higher than they were during the Trump years. And they don't like high interest rates. Lots of voters out there that don't have a job (or have one of the jobs that hasn't caught up to inflation) - students and retirees get pinched when both inflation and wages rise, especially the latter. And interest rates make people who are financing major purchases (house, car, education) worse off - again, more of a pinch for the young people. Especially housing costs.

The economy is good (solid GDP growth and low unemployment) but not great (still elevated inflation, high interest rates).
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