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this post was submitted on 17 Oct 2023
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They couldn’t resist adding “in blow to Biden”
Stupid fucks.
I guess biden got that blow after all
You're thinking of Clinton.
Doesn't economic situation affect presidential popularity in the US a lot?
Yes, which is why the Republicans use their time bomb strategy. While they're in power, they pass something where critical parts of it expire in some number of years, which will line up with Democrats in power, then let it expire. The uninformed voters will fall for it every time.
Sort of. It may be more perception of the economy rather than the reality. There was a lot of "economically stressed" people who voted for Trump in 2016, even though all the data suggests they were not stressed, and the US economy overall was fine.
A year ago, there was data that suggested you could go either way. It was easy to come up with arguments for or against a looming recession, and you didn't have to cherry pick that hard. People seemed to expect there was going to be a recession, but it kept not happening.
Most indicators now suggest the economy is mostly fine. Inflation still needs to come down. GDP is up. Unemployment is at historic lows. But people are still expecting things to be bad.
The stock market is still in a will it/won't it situation so my investment accoints are kindq stagnent but eventually a trajectory will be selected and things will start actually moving
"Economic anxiety" was always a dogwhistle for racism.
Unfortunately, yeah. While there are so many economic factors that are out of the president's control, "the economy" as a whole is always, always used by republicans as a cudgel against any sitting Dem president if there's any amount of decline (and when it's growing, they look for any other issue to yell about). Uninformed or stupid voters invariably believe that the head of state is solely responsible for everything.