![]() And that’s been really hard because, in the era of modern consumer confidence data, there just isn’t an economy like this one. But I’ve been searching for a long time to find an economic and political moment that resembles the economy we have today. Does this sentiment help Trump? Does it help Biden? But you say, Nate, we actually do have a precedent for this, this weird economy in an election year. And yet voters are still quite sour on the economy.Īnd now that we’ve entered this general election phase of the presidential campaign, that dynamic looms as a pretty major question mark over the entire race because it doesn’t feel like we have a precedent for it. And it really highlighted this conundrum we’ve talked about a lot on the show, which is that we’re living in a pretty healthy economy. Nate, we just got the latest batch of economic news on Friday, which showed a surge in hiring, a very strong US labor market. My colleague Nate Cohn says that, to understand the situation, it helps to look back at another election 76 years ago. ![]() Today, his challenge with voters motivated by the economy at a time when it looks good on paper but still feels bad for so many Americans. On Friday’s show, we explored President Biden’s political challenge with a core group of supporters, Black voters. michael barbaroįrom “The New York Times,” I’m Michael Barbaro. Please review the episode audio before quoting from this transcript and email with any questions. While it has been reviewed by human transcribers, it may contain errors. This transcript was created using speech recognition software. Transcript The 1948 Economic Moment That Might Explain Our Own In the aftermath of World War II, many Americans found themselves frustrated by the policies of the president, Harry S.
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