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Are the Dems already at rock bottom, or could a recession hurt them even more in the upcoming elections?
Are there voters still teetering on the fence that a recession will push them over, and onto the Red side?
I just don't know if there's any more downside to the Dems polling metrics, or not.
I suppose if there is a recession, the next chance the Uber left has to pull out of it is ~October 28th, just 10 days before the Nov 8th election, because that is when the GDP figures will be released for Q3.
All the polling & surveys I've read say the economy is the #1 issue by far.
The word "recession" will always have a certain psychological impact to it, so it definitely won't be good for the Democrats. It'll make framing the economic realities faced by Americans all the simpler.
National debt?
CBO projects that interest costs will grow from $331 billion this year to $910 billion in 2031 — a nearly threefold increase. This year’s interest payments work out to roughly $2,600 per household.
The economy is what it is - whether we are technically in a recession or not doesn't change the financial realities for the average American.
True, but perception matters. We have seen poll after poll where Americans say they are doing well in this economy but think that economic conditions are dire. If the recession headlines don't sway too many (let's be honest, with record low unemployment in many states and near record nationally it is a tough argument to make) then it quickly pivots back to inflation. July inflation numbers are going to show a major improvement because of the big gas price drops. And there are other issues that might invigorate Democrats and young people who generally sit out elections while complaining about the outcome. We'll see.
When you bought items at th store for $100 last month and this month you can only get $85 worth and have to use your credit card for the items of last month
You realise its inflation.
Do this for 3 quarters and your job is gone its a depression
The word "recession" will always have a certain psychological impact to it, so it definitely won't be good for the Democrats. It'll make framing the economic realities faced by Americans all the simpler.
True, but perception matters. We have seen poll after poll where Americans say they are doing well in this economy but think that economic conditions are dire. If the recession headlines don't sway too many (let's be honest, with record low unemployment in many states and near record nationally it is a tough argument to make) then it quickly pivots back to inflation. July inflation numbers are going to show a major improvement because of the big gas price drops. And there are other issues that might invigorate Democrats and young people who generally sit out elections while complaining about the outcome. We'll see.
12,000,000 American's dropped totally out of the job market, which is why employment appears okay. All those vacated jobs had to be filled. But...the labor participation has taken a massive hit, which means lower GDP, and lower income tax revenues. All is not rosy on the employment front...of course no rising wages either like we had under the last administration.
National debt?
CBO projects that interest costs will grow from $331 billion this year to $910 billion in 2031 — a nearly threefold increase. This year’s interest payments work out to roughly $2,600 per household.
People have not absorbed the severity of America's climbing Debt interest slope yet, because it has never hurt them directly before. Well, that is about to end, and by Nov 2024, it will be a top 5 topic.
By election day 2024, we'll be paying more in interest than China pays on National Defense!
Do you know what happens when we are paying $350B+/yr in interest? That means entitlements MUST be cut, & taxes MUST be raised.
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