The Economy Has Been Great Under Biden. That’s Why Trump Won.

https://www.chicagobooth.edu/review/the-economy-has-been-great-under-biden-thats-why-trump-won

by RichKatz

18 comments

  1. The government and feds measurements of a good economy are not the same measurements of voters.

    Necessities cost 25% more, time for a change.

  2. Interesting take, and one that I haven’t seen before. I didn’t think it was possible to paint American voters as even dumber or more selfish, but here we are.

  3. “Economy has been great under biden”

    I’ll have what he’s smokin

  4. This is the whole “the economy is great you just dont understand it and that’s why you’re complaining” argument.the ignore the costs at the grocery store, you just dont get economics.

  5. The economy was great under Obama, Republican won

    The economy was great under Clinton, Republican won

    You can see the pattern here

  6. Maybe distancing from biden wasnt a great campaign strategy…

  7. Only the Mag7 expanded this past year. The rest of the stock market was totally left behind. Credit is at all time lows, businesses are stubbornly waiting for lower rates. If the economy was so good and business was booming, they would simply accept the new rates.

    Psychologically, people are risk on now, because price went up and the market is excited. But let’s not forget it was the Republicans who spoke at length about the mismanagement of government spending, and the true cause on inflation. It was the republicans who put together DOGE with an aim to shrink the federal government and make it more efficient. The undertone is very much risk off with lay offs and a heavy hand on foreign debtors as well as the reinforcement of maintaining the strength of the United States Dollar.

    So the stock market may look great, but it isn’t felt broadly. Under the hood it has been pooled into very specific parts of the economy. The federal government being a major part and playing a bigger and bigger roll in said Economy especially under Democrat control.

    So yea, the economy has been great for those who benefited directly from the policies of the administration. But it wasn’t broad, it wasn’t competitive, it wasn’t the REAL economy. It was a carry trade of cheap Japanese yen and then converting it to Nividia stock and doing it over and over again, paying back the cheap yen and keeping the rest of the yield for themselves. That shit doesn’t make for a great economy, it makes for a bubble.

  8. This is why Cathrine Rampell was exactly right when she said the best thing Trump could do was nothing. Go play golf…

  9. Recession incoming. I hope not but history repeats itself

  10. Economy was horrible under biden.

    My imaginary “wealth” was up. (401k). But how does that help me right now?? Its just nimbers on a screen

    But real economy
    (Food, rent, ,housing cost ,insurance, inflation, services),, was all astronomically high.

  11. This economy is great, if you believe government statistics.

  12. The mental gymnastics it takes to not accept this election was about misinformation and inflation.

  13. Economy is the worst it’s been in my lifetime. No one seriously believes this bs.

  14. Trump laid the foundation for the Biden economy with his corporate tax cuts and deregulation.

  15. Yay, more gaslighting about how amazing the economy is!

  16. That’s why the Democrat party got their butts kicked this election.

    Still trying to sell the nonsense instead of learning from your mistakes and working to fix it.

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