Paul Krugman: “Some of us have been arguing for a while that economic performance under President Joe Biden has been better than much of what you see in the news media would suggest.'
President Joe Biden makes remarks at the White House following election results, on Nov. 9, 2022. "It’s still unclear which party will end up controlling Congress, but Democrats greatly surpassed normal midterm performance for a party that holds the White House. They didn’t suffer anything like their loss of 64 House seats in 2010 or Republicans’ 42-seat loss in 2018", writes New York Times columnist Paul Krugman.
And maybe the economy wasn’t as much of a drag on Democrats as expected. Some of us have been arguing for a while that economic performance under President Joe Biden has been better than much of what you see in the news media would suggest. But there are other indicators, and they tell a different story. Another long-running consumer survey, from the nonpartisan Conference Board, shows inflation taking a toll on confidence — but only enough to bring it down to 2015 levels. And if you ask me, this week’s election looked more Conference Board than Michigan.
NBC News asked a somewhat different question: Which party do you trust more to handle inflation? Republicans were favored — but by only 52% to 44%, which strikes me as a surprisingly narrow margin, given the historical tendency of voters to blame the party holding the White House whenever bad things happen.
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