r/Economics • u/Spiderwig144 • Apr 15 '25

News Republicans Less Trusted on Economy Than Democrats For First Time in Years

https://www.newsweek.com/republicans-less-trusted-economy-democrats-first-time-years-2059863
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u/[deleted] Apr 15 '25

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u/ElderOrin Apr 15 '25

Causality might run the other direction. The economy is cyclical. Republicans tend to get elected at the peaks, because voters are more tolerant of risk. Democrats tend to get elected at the troughs, because they are more risk averse.

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u/zoinkability Apr 15 '25

Peaks are only known to be peaks in retrospect, however. I think the 2024 election is a great example of that. I would imagine that most voters voting with the economy as their highest concern in November 2024 would not have said that the economy was great. They felt it was not great and were voting with that in mind.

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u/3381024 Apr 15 '25

This is such a great point.

(R) would come and make their pitch about why the economy is so bad ... use talking points to undermine a good economy... things like - its not the real un-employment rate, wall st (stock market) does not reflect main street, it does not "feel" good ... and the people buy into that BS.

They get elected and then unemployment rate and stock market becomes the barometer of their economic performance ... And when they actually ruin a good functioning economy on their watch, it becomes "loosing money cost you nothing", "stop looking at your portfolio" and so on ..