Voters consistently and repeatedly said the most important issue in this election was the economy, CNN analyzes.
It is already certain: Donald Trump has won the elections in the United States and he will become the 47th president of this country. Fox News was the first to report that the Republican candidate had won 270 electoral votes. Trump’s victory is also confirmed by CNN, which is not favorable to him. The businessman’s advantage over Vice President Harris is greater than polls indicate.
The analyzes of the causes of Harris’ defeat have begun, with the entire establishment behind her. “Donald Trump’s decisive election victory was about many things: the global rejection of those in power, the expansion of the Republican electorate and the fight for the future of American democracy. However, voters consistently and repeatedly said that the most important issue in this election was the economy,” said David Goldman on CNN’s website. “This explains a lot about why Trump was re-elected,” he adds.
‘The US economy is booming according to several leading indicators, much to the envy of the rest of the world. But Americans view the issue with skepticism, with a significant number of voters blaming President Joe Biden and Vice President Kamala Harris for failing to improve their policies. financial situation over the past four years “Poll after poll has suggested that Americans have largely negative views of the U.S. economy,” we read.
“That’s because economic sentiment is not always reflected in data showing employment growth, consumer spending growth and gross domestic product growth. If you pay a fortune for a cup of coffee or if you can’t afford it If you buy a house, those details are irrelevant: you feel left out of the American dream. House prices in America are reaching new highs. That’s great news if you own a home — and not so great if you don’t, especially as mortgage interest rates remain high, just under 7 percent — a CNN commentator notes.
Everyday problems of Americans
“The housing crisis has helped widen America’s wealth gap, leaving those who are forced to move or without a home into financial distress. But many people who aren’t poor also struggle to make ends meet, largely because of the cost of living: 20% of U.S. households earn more than $150,000 a year, paycheck to paycheck, according to a Bank of America survey. Goldman describes.
The author mentions inflation as another element. Although the situation is slowly returning to normal, prices are not falling at all – “they are simply not growing at an alarming rate like they were a few years ago.” “Prices are now about 20 percent higher than when Biden took office. (…) Gasoline prices have fallen noticeably in recent years. This has helped, but has not solved the inflation problems that many Americans still face every day. ”, we read.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
