Republicans like the economy – once Trump won

Both sides are partisan but Republicans are more biased. They’re a Trump cult now.

Well, look at this. Republicans suddenly feel the best about this economy since…2020 when Trump was last in office.The University of Michigan Consumer Sentiment survey shows the big jump in sentiment for Republicans.Democrats did decline, but back to 2023 levels. No change for Independents
— Heather Long (@byheatherlong.bsky.social) 2024-11-22T18:08:56.830Z

it’s almost like it’s some kind of cult or something
— George Conway (@gtconway.bsky.social) 2024-11-22T00:09:24.498Z

The share of Republicans who say that they’re worse off financially than they were a year ago is already down 15-points since the election.
— Michael Tesler (@tesler.bsky.social) 2024-11-20T15:55:51.552Z

Tweets on how well the economy is doing

The Biden-Harris administration deserves some credit for this. Somehow, voters think Trump would be better than Harris for the economy. His ideas are terrible.

see that grey line?

it's about to be more like 2.2%.

average wage gains are up at 4% now

which means real, inflation adjusted wage gains are about to officially be higher than they were for much of 2019 — the period so many Americans have expressed nostalgia for this cycle. pic.twitter.com/sfLvDROM4l
— talmon joseph smith (@talmonsmith) October 4, 2024

Four years ago when Trump was president, the Black unemployment rate was 11.9 percent. Now it’s 5.7 percent. The lowest Black unemployment rate in history (4.8%) happened just last year. #jobsreport pic.twitter.com/BVqdY7CYwY
— Keith Boykin (@keithboykin) October 4, 2024

JPMORGAN’s David Kelly, on @CNBC:

The so-called “misery index” (inflation + unemployment rate) is expected to be ~6.4 points after next week’s #CPI.

“That’s lower than it’s been 89% of the time in the last 50 years.” 🇺🇸 pic.twitter.com/UDivI8o7ma
— Carl Quintanilla (@carlquintanilla) October 4, 2024

Pandemic stuff aside, it's striking that in 2024 the economy is still adding jobs at a faster pace than in 2019 or 2017. pic.twitter.com/auulzXXJYQ
— Matthew Yglesias (@mattyglesias) October 4, 2024

The jobs report for September cements my view that the economy is about as good as it gets. The economy is creating lots of jobs across many industries, consistent with robust labor force growth, and thus low and stable unemployment. The economy is at full-employment, no more and…
— Mark Zandi (@Markzandi) October 4, 2024

US manufacturing has grown faster under Biden/Harris than anytime in the modern era. pic.twitter.com/WnwjJFqiHP
— Michael Thomas (@curious_founder) October 2, 2024

I’ve hesitated to say this at the risk of sounding hyperbolic, but with last week’s big GDP revisions, there is no denying it: This is among the best performing economies in my 35+ years as an economist. Economic growth is rip-roaring, with real GDP up 3% over the past year.…
— Mark Zandi (@Markzandi) September 29, 2024

Republicans want seniors and children to work because of a labor shortage

A current labor shortage will be exacerbated if Trump wins and deports millions of immigrants. Where to get workers?

Relax child labor laws that protect kids.

Accelerate possible cuts in Social Security by reducing taxes – this would force some seniors to work.

Disgusting ideas.

https://twitter.com/scarylawyerguy/status/1819736424083603841

Trump's advisors have said that they see accelerating the bankruptcy of Social Security as *part of their plan* because they want to get senior citizens into the workforce to replace the immigrants they're planning to deport. https://t.co/hQOqO3R0Um
— Matthew Yglesias (@mattyglesias) September 13, 2024

The number of minors employed in violation of child labor laws increased 37% in the last year.

Remarkably, this year, legislators in 6 states have proposed 8 bills that make it easier to exploit kids for profit.

We live in the Second Gilded Age. pic.twitter.com/mfNhXg68tU https://t.co/Z9LxSSiFmS
— Robert Reich (@RBReich) May 30, 2023

Can anyone tell me if “employing over 100 children as young as 13 years old in violation of US labor laws” is bad?

Asking for Kelly Ayotte! #NHPolitics

https://t.co/9pjWz2Tdes
— Monica Venzke (@monicavenzke) September 24, 2024

anything but increasing wages https://t.co/lH4BNF22HL pic.twitter.com/PzlRkWJJGV
— Taniel (@Taniel) October 24, 2021

A major child labor rollback goes into effect in Iowa this weekend.

14 year-olds are now allowed to work in meat coolers, 15 year-olds can join assembly lines and 16 year-olds can serve alcohol.

In a few weeks, similar rollbacks take effect in Arkansas. https://t.co/Dp1zvJggXV pic.twitter.com/GfktQsxrdW
— Hannah Dreier (@hannahdreier) July 2, 2023

“Project 2025 Uses Parental Rights to Justify Repealing Child Labor Protections” 10/29/24
1/ https://t.co/oHsvMXvmwL pic.twitter.com/wggRmfCJ6x
— jennycohn@toad.social ✍🏻 📢 (@jennycohn1) October 29, 2024

71% of US GPD is produced by blue counties

Crucial fact about the parties pic.twitter.com/TbJebjpI6b
— Wesley Yang (@wesyang) July 29, 2024

The blue dots are the people that produce 71% of our economy. The red dots are livestock, corn and people that depend on the blue dots for federal aid. pic.twitter.com/ssARTF33Db
— Carlos Turnbull (@cturnbull1968) August 25, 2024

You fucking morons. We can tell this truth without denigrating anyone doing anything for a living anywhere: The vast majority of this country's GDP is produced in its urban centers. So is the vast majority of its tax revenue. States with less of an urban presence are actually… https://t.co/q9RDFDlbnn
— David Simon (@AoDespair) August 26, 2024

GDP per capita (which is calculated by dividing a state's GDP by its population) of all 50 states

Notice any trends?

1. New York
2. Massachusetts
3. Washington
4. California
5. Delaware
6. Connecticut
7. Alaska
8. North Dakota
9. Wyoming
10. New Jersey
11. Maryland
12. Illinois…
— chris evans (@notcapnamerica) April 22, 2024

The economy is much better than the public thinks it is

I blame the media for part of this – they are too obsessed with Trump to tell people these things on TV.

These charts from Evercore are stunning — and defy every obituary of American consumer spending power. 🇺🇸

(via @KevRGordon) pic.twitter.com/UIoWVEGGkD
— Carl Quintanilla (@carlquintanilla) June 17, 2024

"In 2008, the US and euro-zone economies were roughly the same size. Today, the American economy is nearly twice the size of the euro zone. Average European income is now 27 percent lower than in the United States, and average wages are 37 percent lower."https://t.co/5BeYN0l24w
— Alec MacGillis (@AlecMacGillis) June 17, 2024

Astonishing stat: The U.S. economy is currently 44 percent larger than the European Union. In 2008, they were roughly the same size. pic.twitter.com/lqYWJWknq6
— Paul Farhi (@farhip) June 14, 2024

The BLS has finally updated its estimates of the Harmonized Index of Consumer Prices, which excludes owners’ equivalent rent, a price nobody pays that is also a lagging indicator. Dude, where’s my inflation problem? pic.twitter.com/LrWvRm7aWb
— Paul Krugman (@paulkrugman) June 16, 2024

“The U.S. is experiencing the best economic and employment situation in over 50 years and stocks are at all-time highs.” 🇺🇸

– Garzarelli Capital pic.twitter.com/qrrUrvW3nX
— Carl Quintanilla (@carlquintanilla) June 14, 2024

Yes, but how does it "feel" ?

Here in this diner in Indiana, a "picture emerges…" https://t.co/0Jz5gWQyjw
— James Fallows (@JamesFallows) May 30, 2024

The inflation rate for "food at home," is really low these days, with prices rising just 1.1% over the last year. But since January 2021, when Biden took office, prices are up nearly 21%.https://t.co/HVzah9bBcZ
— Axios (@axios) May 29, 2024

Immigrants, refugees and asylum seekers make a large contribution to the US economy

Yesterday, @HHSGov released a historic report outlining the nearly $124B positive fiscal benefit that refugees and asylees have had on our economy.

I hope this report becomes a key reference for decision-makers in all levels of government when it comes to refugee resettlement. pic.twitter.com/6uPFhr5Tpp
— Secretary Xavier Becerra (@SecBecerra) February 16, 2024

Wow. A new HHS report shows refugees and asylum seekers contribute huge amounts of revenue to the US economy—far more than they cost.

Cost (over 15 years): $457 billion

Revenue: $581 billion to federal, state, and local gov’ts; $739B including their families.
— Sawyer Hackett (@SawyerHackett) February 15, 2024

The US economy will grow by an extra $7 trillion over the next decade due to immigration, the CBO says https://t.co/vRE16SRpOp
— Business Insider (@BusinessInsider) February 9, 2024

The US economy is booming

See how imbalanced media coverage of the economy has been? All pain, no gain, except that's clearly not true now. Time for the news media to correct this. 2024 is a rather important election year. #FactsMatter https://t.co/DVdUeKsGIQ
— Larry Sabato (@LarrySabato) January 1, 2024

📈 Inflation has evaporated and the U.S. economy is booming.

Here's the data behind it all 👇https://t.co/1moAOfojuw
— Axios (@axios) January 26, 2024

Trump’s former economic advisor on Fox: Biden got a good 3.3% GDP number in the 4th quarter following a good 3rd quarter number. And inflation is coming down. If I were him, I'd be bragging about it too pic.twitter.com/E6yAAuVAVG
— Biden-Harris HQ (@BidenHQ) January 25, 2024

JUST IN: The US economy grew 2.5% in 2023. That was stellar growth for a year when many experts predicted a recession. The economy grew just 1.9% in 2022.

Here’s a look at GDP by quarter:
Q4: 3.3% —> still strong due to robust consumption
Q3: 4.9
Q2: 2.1
Q1: 2.2 pic.twitter.com/8uBLA1t1rA
— Heather Long (@byHeatherLong) January 25, 2024

“Boom. .. signs point towards a soft landing .. and further disinflation that will create the conditions in which the [Fed] can relax its restrictive policy rate by mid-year which should create the conditions for a sustained economic expansion ..”

⁦@joebrusuelas⁩ #GDP 🇺🇸 pic.twitter.com/sGqOZUGhuW
— Carl Quintanilla (@carlquintanilla) January 25, 2024

Some thoughts about inflation and vibes. Over the past year or so, it has become more or less conventional wisdom that people care about prices, not rate of change. So, for example, they care that groceries cost more, not that price increases have slowed 1/ pic.twitter.com/Kt5nbrWPmV
— Paul Krugman (@paulkrugman) January 23, 2024

The cumulative 29% climb in University of Michigan consumer sentiment index over the past two months is the largest two-month increase since the US economy recovered from recession in 1991. https://t.co/qiDE2jh5Nc pic.twitter.com/syD6r3AoKt
— Yahoo Finance (@YahooFinance) January 22, 2024

The U.S. is in the midst of a new business boom.

CC: @HarvardBiz https://t.co/z3xkU33cU7 pic.twitter.com/oK04iO7ReK
— Steven Rattner (@SteveRattner) January 17, 2024

Republicans are unwilling to acknowledge that the economy is better

They hate Biden so they ignore the facts. Their extremist views distort the whole polling picture. Poor media coverage is also a problem.

This is good explainer ⤵️ of how right wing propaganda has warped polling results & created a false narrative. Keep it in mind every time you see a story about right track/ wrong track polling, etc. https://t.co/omO1F3jbS2 pic.twitter.com/jRJ5o1T0ix
— Jennifer Schulze (@NewsJennifer) January 27, 2024

>> @paulkrugman: "Supporters of both parties tend to have negative economic views when the other party holds the White House, but the effect is much stronger for Republicans. According to the Michigan survey, Republicans, on average, consider current economic conditions roughly…
— Brian Stelter (@brianstelter) January 23, 2024

So 2023 was a miraculous year for the economy: high growth with inflation falling all the way back to the Fed's target, rising real wages. And here, according to YouGov, is how Republicans saw it pic.twitter.com/E4OQinqGND
— Paul Krugman (@paulkrugman) January 26, 2024

New from Pew: "Americans’ views of the nation’s economy – while mostly stagnant for the past few years – are showing signs of improvement." 28% rate economic conditions excellent or good, up from 19% last April… https://t.co/k2qQpXngCg
— Brian Stelter (@brianstelter) January 25, 2024

When Trumpists talk about his great economy, they play 3-card Monte. When it comes to jobs and growth, they pretend his admin ended January 2020. When it comes to prices, they cite numbers from 2020, when demand was severely depressed. Eg unemployment and gas prices pic.twitter.com/VVu1yAPIgd
— Paul Krugman (@paulkrugman) January 17, 2024

Meanwhile, Biden's economic approval is deeply negative and people think the economy is bad by a 70-30 margin.

To be blunt: this is insane! People are just being completely misinformed about the state of the economy by media and social media! https://t.co/MHcjEwcOkS
— Will Stancil (@whstancil) January 17, 2024

Reminder: you shouldn't take seriously anyone who talks about economic perceptions without acknowledging the role of partisanship pic.twitter.com/sqvwJIp0pW
— Paul Krugman (@paulkrugman) February 12, 2024

For anyone trying to use historical relationships between economic fundamentals and consumer sentiment: The past was a different country. From UMich data pic.twitter.com/LjmVLJG6Vh
— Paul Krugman (@paulkrugman) February 10, 2024

See how imbalanced media coverage of the economy has been? All pain, no gain, except that's clearly not true now. Time for the news media to correct this. 2024 is a rather important election year. #FactsMatter https://t.co/DVdUeKsGIQ
— Larry Sabato (@LarrySabato) January 1, 2024

The economic news is good

Will Biden get any credit for it?

This graph tells a key story of this economy.

After the Great Recession, millions of people were stuck in long-term unemployment for years. It caused enormous pain and damage.

Not this time. The benefits of full-employment are massive. pic.twitter.com/unQaynOp1d
— Michael Linden (@MichaelSLinden) December 22, 2023

Everything's pointing up.

As any economist will confirm: This is just a terrible recession. pic.twitter.com/9wi1nHMbFc
— Justin Wolfers (@JustinWolfers) December 22, 2023

Is this a turning point??

U.S. Consumer Sentiment is (finally) improving. Huge jump in December as Americans see inflation cooling.

Note the really big jump in people hearing "favorable news" (blue line) about the economy.

(Still…sentiment is only at early 2010 levels) pic.twitter.com/eVgyNrBw6c
— Heather Long (@byHeatherLong) December 22, 2023

We got more stellar economic news this morning. Consumers are hanging tough, spending at close to a 2% real pace – strong enough to propel the economy forward but not so strong it fans inflation. Indeed, core PCE inflation has returned to the Fed’s 2% target in recent months.
— Mark Zandi (@Markzandi) December 22, 2023

The economy is better than people think

Unemployment is near record lows, inflation is coming down, and we just had a quarter of gangbusters GDP growth.
But consumers are about as negative about the economy today as they were during stretches of the Great Recessionhttps://t.co/6AdXd97CIJ pic.twitter.com/p5CdVa55iL
— Catherine Rampell (@crampell) October 27, 2023

"The U.S. economy is doing far better than public perceptions suggest," @JRubinBlogger writes.

Maybe it's time to recognize the strength of the country’s economic recovery and signs that prosperity might be shared more widely than it has been in the past. https://t.co/YpiXSYbKzR
— Washington Post Opinions (@PostOpinions) October 31, 2023

A good and important question. https://t.co/2cXkF6erz4
— Justin Wolfers (@JustinWolfers) October 30, 2023

The U.S. economy is humming. So why are Americans so grumpy about it?

The massive divergence between consumer sentiment and economic reality is mind-boggling. pic.twitter.com/8pgd2BWe5V
— Alec Stapp (@AlecStapp) October 27, 2023

Biden’s policies are fueling a surge in private investments and contributing to GDP growth. But will voters notice — or care?https://t.co/eAWv04pWGR
— The Washington Post (@washingtonpost) July 28, 2023