The last time this happened, voters didnā€™t credit Bill Clinton. That may be a bad omen, or a good one.

If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a ā€œsoft landingā€ (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided itā€™s already here.

But the stock market doesnā€™t choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial Timesā€“Michigan Ross Nationwide Survey conducted November 2ā€“7 is absolutely brutal on this point.

  • SCB@lemmy.world
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    11 months ago

    Dude the other side couldnt get itā€™s shit together enough to keep a speakership in place. What do you expect the Democrats to be doing? Itā€™s a miracle the government is funded at all.

    This is a result of them trying. Bidenā€™s ā€œcontributionā€ here was primarily from democrat-pushed legislation.

    • conditional_soup@lemm.ee
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      11 months ago

      Look, if your point is that ā€œthey deserve to use shitty messaging if they want, donā€™t worry about it, broā€, well, okay. Thatā€™s your opinion, and thatā€™s fine. I donā€™t think itā€™s a smart choice, politically speaking, and thatā€™s where Iā€™m coming from. People are feeling the hurt right now, and I think youā€™re going to find that correcting their complaints with ā€œwe should be thanking Biden, actuallyā€ is bitter medicine. Maybe they know what theyā€™re doing, but somehow this feels familiar from the '16 Clinton Campaign; like theyā€™ve got permission to fucking phone it in because the other guy is unelectable. I hope youā€™re right and they really do know what theyā€™re doing.

      • SCB@lemmy.world
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        11 months ago

        My point is a rebuttal to your insinuation that Democrats are not trying to fix anything or do anything. Thatā€™s false.

        I agree Dems arenā€™t as good at messaging as Republicans.