Friday, March 29, 2024

Democrats and Republicans say economy is improving, but mostly only when someone from their party is president

See Why friends are always right – no matter their views by Tim Harford. Excerpt:

"According to Gallup, Democrats are 57 percentage points more likely than Republicans to say that the economy is improving. Wind back four years, to early 2020 when Donald Trump rather than Joe Biden was president, and you find a very similar gap: 54 percentage points. Back then, naturally, it was the Republicans who believed the economy was improving."

Related posts: 

Are some blue jeans really Democratic and others Republican? (2019)

People say the president can control gas prices if the president belongs to the other party (2017)

Adam Smith Meets Jonathan Haidt (on political polarization and the animosity of hostile factions)  (2023)

Why Tribalism Took Over Our Politics: Social science gives an uncomfortable explanation: Our brains were made for conflict (2023) 

See also Americans start caring more about deficits and the national debt when the party they oppose runs them up by John V. Kane of New York University and Ian G. Anson of The University of Maryland. Excerpt:

"In the past two decades, US budget deficits have skyrocketed, and the national debt is now over $22 trillion. But do Americans care about the size of deficits and the national debt? In new research, John V. Kane and Ian G. Anson find that people tend to care more about the deficits and debts when they are increased by presidents from the party that they oppose. Both Republicans and Democrats, they write, become less concerned about governments running deficits when their President is in charge."

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