In a recently released
Associated Press - NORC Center for Public Affairs Research poll, 62% of voters think the economy is in poor condition.
This is despite a
4.1% unemployment rate, 3%
GDP growth, falling
inflation, high market
liquidity, and stock prices near record highs.
If these measurements are "bad condition", what exactly would "good condition" look like? Even those without any economic knowledge or exposure to facts should be able to look around at the heavy traffic, filled parking lots at shopping centers and restaurants, the help wanted signs, or posts from friends going on vacations.
I can only conclude that most voters are misinformed about the actual state of the economy. Elon Musk and Fox News may have something to do with that.
But the startling realization doesn't end there. I can only conclude that results do not matter.
A political administration could fulfill voters' wishes* for a strong economy with full employment, and if the other side controls the media they will be able to persuade most people that the economy is doing badly. Similarly, if the party in control of the media oversaw a complete economic collapse, they could probably convince a majority of people that the economy wasn't actually in recession.
All that matters is control over information feeds. That's THE thing swinging elections now. It's how Trump can run against the "bad" economy despite all the statistics and observable evidence saying otherwise. This observation is scary because it implies the United States will become a one-party nation without competitive elections as soon as political control over media is consolidated. The dominance of right-wing content on news feeds operated by Microsoft, Alphabet, Meta, X, and Fox News suggests that this time is approaching.
Harris' numbers may have sagged in recent weeks due to a coordinated tilt by X, Fox, and/or others to promote "bad economy" narratives. It really could be that simple.
*I do not actually believe the decisions of politicians have much to do with economic cycles, but the average American voter seems to think so, which is why they say the economy is their top issue. I use the phrase here to mean appearing to deliver economic outcomes.