The American economy I would give a C right now, yes, there is low unemployment and the stock market is okay.
They are economic challenges, such as poverty, stagnated wages, etc.
Black and Latino Americans are not sold on Trump’s economy, but why are so many white Americans hyping Trump’s economy, the most?
All the sports radio hosts that I listen to mention Trump’s economy during their conversations, like NY sports hosts Boomer Esiason, etc.
Because most Trump supporters are white americans?
The least controversial of Trump “pros” is that the economy, imo. If you’re going to sell any part of Trump, that’s the easiest part to sell.
Cite?
Are they? Cite?
“All” that one guy you listed? Do you have cites of “all” of him saying these things?
I’ve wondered this, too. Why the hell is he getting credit for the state of the economy? Even relatively smart people that I know have said, “Yeah, he’s a jerk, but the economy…”
Exactly. I can’t recall ever seeing a single statement, from Trump or any of his supporters, as to which policy or policies are directly responsible for this (low-wage-growth) “boom”. At best I’d be willing to give him credit for not, so far, fucking up an economy that was clearly strengthening long before he came to office.
So, here’s your chance for a bit of promotion, DJT supporters. What, aside from simply showing up, has your man done to help things along?
Back in 1992 , the recession really helped Clinton beat the incumbent Bush. Hard to beat an incumbent if the economy is OK by most measures.
The president, fairly or unfairly, gets the praise or blame for a good or bad economy.
This pretty much. The hot economy is the only thing you can possibly use to sell Trump to swing/undecided voters.
Other issues, such as Trump nominating conservative judges, only work in revving up Trump voters.
Those are sweet links; what’s at them? :dubious:
Assuming that this is the case, I would say that Black and Latino Americans are far more attuned to the precariousness of a booming economy, and their own lack of participation in the boom. Whereas there is a trope going around about many Republican voters in the lower end of the economic spectrum voting against their own interests, the reason being that they imagine that one day they will somehow magically be rich too. This could explain the notion that whites are hyping Trump’s economy, even if they are not directly benefiting. There is also the cognitive dissonance that some of these folks have that they believe what Trump says, or at least give him the benefit of the doubt, in spite of their own experiences (see - farmers suffering due to tariffs still supporting Trump).
Because they feel they have secure jobs and a few extra bucks in their pocket.
I would give the Trump economy a lower grade than C. I think his policies are dangerously short-sighted, he’s using borrowed money to fund an economic bubble and facilitate the transfer of increasingly vast amounts of wealth to the billionaire class.
And he doesn’t care what happens after he leaves office.
But a sense of security and a few extra buck in their pockets goes a long way towards buying off the masses.
A lot of one time measure can make the economy look good in the short term, but if you’re heating the house by burning the furniture pretty soon you run out of places to sit.
I don’t think it’s necessarily that Trump voters care about whether they *themselves *are personally cashing in on a boom, as it is that they tend to take big stock in things like “national pride” / jingoism / patriotism, etc. in the same way that impoverished Brazilians love seeing their nation win FIFA soccer World Cups even if they themselves get zero direct benefit. These Trump voters are seeing news reports like “Dow Jones nearing 30,000 points which would be an all-time record,” “U.S. economy continues strong growth,” “China agrees to buy $200 billion in American goods” and such headlines make *them *feel good and proud of America, even if they themselves continue to be saddled by student debt and big hospital bills.
Interesting take. It reminds me of one of my Republican friends who always said that tax cuts for the rich, and all of that, was something he supported because those rich guys were the business owners who would hire him. Odd logic to me, but it worked for him.
I agree. If you’re trying to convince people to vote for Trump, this is your best shot.
The idea that the economy is a C, seems crazy. The 2010s were the only recession free decade since we started to keep track of that kind of thing. Unemployment is the lowest it has been in 50 years, the stock market is at an all time high. Inflation has not been a problem in almost 40 years, interest rates are low. The economy is as good as it has ever been.
The practice of crediting or blaming a president for the economy is a silly superstition, but it seems borderline delusional to say that the economy is just average.
I think the economy is stable. The stock market is a bit of a canard- I never see it mentioned all in the same point that we are borrowing $1T a year in the form of tax cuts for the rich, which is largely fueling the boom and largely in the form of buybacks. The market was up 30% while GNP growth was ~2%. No way that can continue; people are cheering a bubble.
OTOH, it is all way better than what is going on in, say, Venezuela. It IS stable, and while homelessness is ever increasing, along with OD deaths, the rest of us are employed and the whole thing is clearly not falling apart. What do we do about $22T of debt? It is a train headed for a brick wall, but better to crash tomorrow than today I guess.
I guess I don’t know why these sports guys all bring it up.
I wish I had a like button. I am definitely stealing that.
Honest question from an economically ignorant person: why is that a good thing? From my point of view, it feels pretty bad that I can’t expect to earn any meaningful interest on my savings account, or even on a CD; this is very different from how it was in the late 1990s, which is my benchmark for what a “good” economy feels like. A lot of other things also feel different from how I would expect them to be in a genuinely good economy. I don’t, for example, see my students becoming any more willing to consider majoring in subjects that do not have the same name as a specific job, while this wasn’t something I really worried about as a student in the '90s – I just figured I could easily get some sort of job doing something, since that was what I saw happening all around me.