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   Sharon 🤦🏾‍♀️ Persists (sharoncrockett@toot.community)'s status on Saturday, 23-Nov-2024 07:46:02 JST Sharon 🤦🏾‍♀️ Persists

   "The idea is that Democrats win presidential elections when the economy is performing badly, because voters want the strong safety net that Democrats promise. Republicans win elections when the economy is performing well, because voters don’t worry so much about the safety net and care more about low taxes, which they associate with Republicans." --Peter Coy, NYT, "Is It Possible the Democrats Were Hurt by a Strong Economy?" Theory is from L. Pastor & P. Veronesi, Chicago U finance professors

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     Sharon 🤦🏾‍♀️ Persists (sharoncrockett@toot.community)'s status on Saturday, 23-Nov-2024 07:45:59 JST Sharon 🤦🏾‍♀️ Persists

     in reply to

     • Democracy Matters :verified:

     @DemocracyMattersALot So what this implies is that voters don't reward Democrats for past performance and they don't look retrospectively when voting. Instead, they look prospectively at upside potential for their incomes & stock portfolios etc. The irony is that Republicans tend to trash the economy, requiring voters to then look for the safety net the Dems typically can offer them.

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     Democracy Matters :verified: (democracymattersalot@mstdn.social)'s status on Saturday, 23-Nov-2024 07:46:01 JST Democracy Matters :verified:

     in reply to

     @SharonCrockett

     How crazy is that?! People suck and are stupid.

     Robert Link repeated this.