Americans voted to make the American economy great again.
Americans reelected Donald Trump largely because of their rejection of the economy, shaped by Joe Biden and the policies of the Democratic Party; revival of prosperity The former president's first term.
The exit poll revealed that this was an economic electionas Breitbart Business Digest has consistently argued for over a year. 63 percent According to a Fox News exit poll in partnership with The Associated Press, the percentage of voters who say the economy is “bad” or “not that good.” Of the 40% who said the economy was “not very good,” Trump received 59% of the votes. Of the 24% who said the economy was “bad,” Trump received 84% of the votes. (Due to rounding, the numbers do not match exactly.)
An old rule of thumb in American politics is that candidates should: Avoid being on the wrong side of issues that 60 percent of Americans agree with. Kamala Harris and the Democratic Party were clearly on the wrong side, frequently claiming that economic conditions were good or even amazing. “We don't need an economy with 4 percent unemployment and $85,000 GDP per capita to be great again. That's great.” economist I opined.
Harris won voters who agreed. 79% of voters who said the economy was in good shape voted for Harris, and 83% of voters who said the economy was in good shape also voted for Harris. The problem is that this view, despite support from all financial media outlets, economists, and other Democrats, was not supported. outside the mainstream of American public opinion. Just 7% of voters said the economy was great and 30% said it was good.
Americans firmly rejected the Biden-Harris economy
Historically, it has been very difficult for incumbent party candidates to win when voters have such a bleak view of the economy. Harris did her best to convince voters that she represented change rather than a continuation of the Biden administration's unpopular economic policies. And there is some evidence that she succeeded in persuading many voters that she would govern differently. Lack of policy ideas That would mean leaving.
But that wasn't enough. Americans are still Didn't believe Harris was a better manager of the national economy. According to a Fox News exit poll, 41% said Trump would do a better job handling the economy, while 50% said he would do a better job.
This was especially important in this election. A large number of Americans considered the economy a top priority.. Thirty-nine percent of voters said the economy was the most important issue in this election, and Trump won 60% of the vote. immigrationEconomic issues, which also include some issues, came in second place, with 20% of voters saying they were the most important. 88% of voters chose Trump.
Many journalists and economists Voters underestimate the value of price stability. This is likely because it has been a long time since this became a major political issue, and it was not reflected in their mental or formal models of voter behavior. They thought voters would care more about the unemployment rate, which is essentially a form of pundit nostalgia for the economic challenges of the Obama era. But today's voters Assume that a full employment economy can be achieved under the Trump administration. This is no longer noticeable as it is the first time in a generation.
It was inflation, idiot.
A Fox News poll asked voters how concerned they were that it was over. medical prices. This has typically been a Democratic strength. Not this time. Of the 54% of voters who said they were “very concerned” about the cost of health care, Mr. Trump received 54% of the vote and Ms. Harris received 44%. Harris worked best with people who said they were not very worried or not worried at all.
48% of voters said they were very concerned. gasoline prices. Trump received 66% of the vote. 67% said they were very concerned Food and grocery costs. Despite Harris' promise to use price controls (which she misleadingly described as price gouging) to lower food prices, Trump won 60% of the vote. Harris received 80% of the votes from those who said they were not very concerned or not at all concerned about food prices.
Current fuel prices and a sticker of President Joe Biden are displayed on a gas pump at a gas station in Arlington, Virginia, March 16, 2022. (SAUL LOEB/AFP via Getty Images)
Housing costs It has become a major headache for many Americans. A majority, 51%, said they were very concerned, and 56% voted for Trump. Apparently, Harris' promise to provide tens of thousands of taxpayer-funded subsidies to homebuyers was not very popular.
of Poll on tariffs Impressive. Harris must have repeated the statement that tariffs are a national sales tax thousands of times over the past few months. However, voters were split down the middle on this issue. According to a Fox News poll, 50% of Americans opposed increasing taxes on goods imported into the United States from other countries, while 49% supported it. Trump won 71% of voters who supported tariffs and 28% who opposed tariffs.
In other words, the presidential election was an important part of Economic referendum where voters choose Trump and his economic policies. They voted for less inflation, more economic nationalism, and an economy that feels great again. That's the mission President Trump will bring to the White House in January.
