
This is for all the folks that complained about how the "economy is shit" and that "it's the worst economy ever" and "prices are so high" so on. So, here's what we know so far:
- We can't use GDP, unemployment rate, jobs created, nor inflation rate. Otherwise, people wouldn't say the economy is shit.
- We have to use cumulative inflation(*) from 2019 prices to measure whether Trump has brought down prices. "Bacon in 2019 was cheaper!" "Eggs under Trump were cheaper". Those are the complaints, right?
Some other possible choices:
- Median rental prices?. Here they show that in Dec 2019, median rental prices were about $1,325.
- Median home prices?. Here they show that in at end of Q4 2019, that was about $327,100.
- Household credit card debt. Here it shows that in in Q4 2019, non-housing debt was $4.2 trillion.
Will those metrics work? Should they go back further?
What other economy-wide metric should we use to as a basis to determine Trump's success in dealing with the economy?
- Understand that I know that cumulative inflation won't come down. However, this is the complaint of people that voted for Trump based on the economy. So, we should capture the economy-wide metrics they think indicate things are improving or not.
People who voted for Trump based on their perception of the economy: what metrics should we use to measure Trump's success or failure on the economy?
byu/24Seven ineconomy
by 24Seven
22 comments
Median price of standard homes [ 2 b, 2 b, minimum lot size ] in highly sensitive [ expensive ] housing regions
San Jose
Santa Clara
Boston
Brooklyn
Palo Alto
They will believe the economy is better when Fox News tells them it’s better just like they did in 2017.
Cost of phones, given the percentage of the American consumers who have a financed phone. Cell phones are pretty sensitive to tariffs, so I feel like it would be a good measure of “inflation”.
That’s such a simplistic view and continues to show the left didn’t learn anything. Fareed Zakaria killed it on CNN where he laid out exactly why…
1. Immigration
2. Everyday economy (can I afford milk?) THIS is the economy people are worried about. Not your data metrics. Do you still not get that?????
3. Nobody wants the DEI bullshit.
That is why Americans turned their backs on the left. And will continue to do so until the left changes and gets back to speaking to Americans and not their psychopaths/mentally ill on the far left.
If Costco raises the prices on Hotdogs, he failed his last term.
I’m going with inflation rate since that’s what pre-election and exit polls all indicate was the voter concern driving change.
I’m getting 2.4% printed up on bright red trucker hats. I expect to be able to break mine out before the end of Q1 2025.
You asked these questions before the new president is sworn in often? You figure out how you’re going to measure his success in advance of the inauguration?
Very diligent of you. Another Econ major?
Apparently it’s the price of eggs for a lot of voters
vibes
Thank ya for seriously considering the question, but I say the same metric they did under Biden. Whatever “feels” right.
my bank account
I was thinking on starting a monthly thread and fact check things, provide real data that can be verified…
I mean, I have heard 1.50 gas, let’s see, but the funny thing is that even with these numbers, Trumpers will not accept things, and they’ll just move the goalpost higher, they will blame others, never them
This is why there are polls. It’s based on what the consumer is seeing/feeling. Thats how people will vote.
But the polls have to be honest, otherwise it’s meaningless. If the economy sucks in 2028, then JD Vance is not likely to get elected. Just like Kamala.
It’s that simple. Problem is that the left is constantly falsifying poll data in the effort to shape elections and perceptions.
Not sure what the point of this post is.
If they actually understood any of these metrics they’d view committing to any of them as a Woke Mind Trap.
The replies will almost certainly continue to be as moronic as the downvoted comments here currently.
Try things like “Are u redy too one theez Libz gies?!”
Don’t worry your pretty little head.
The adults are back in charge, come January. All you need to do is relax and enjoy.
if I were a trumper – I guess the metric would be how Donnie says it’s doing
If the cost of living goes down and the border becomes secure, he succeeded. Otherwise, he failed.
My personal household budget vs income 2019 vs 2024.
National Debt, GDP (- government spending), inflation (+ food, energy, and housing prices), household debt (especially credit cards)… compare to median income, and median net-worth
Egg prices
Gas prices
If we don’t get 2$ organic dozen eggs he fails.
If gas isn’t below 1.99 as a country average while the eeconomy is good he fails (a dead economy will kill price as there will be no demand)
But we can use GDP, unemployment rate, and inflation rate.
Those metrics were important from 2020-2024. Often showing a stressed economy. That’s what they’re referring to.
Btw, Home rent cost equivalents are a part of our inflation calculation.
I know how this movie ends, but just for funsies.
RemindMe! 4 years
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