9min chapter

FT News Briefing cover image

Swamp Notes LIVE: A look back at the economy and the election

FT News Briefing

CHAPTER

Populism and Political Identity

This chapter explores the evolving dynamics of political parties in the U.S., emphasizing a growing trend toward populism in both major parties. It critically examines how the 2007-2008 financial crisis shifted public perceptions of candidates and parties, particularly regarding their support for working-class individuals. The discussion also highlights voter sentiment’s complexity and its potential influence on electoral outcomes as economic perceptions clash with traditional political identities.

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