FT News Briefing Swamp Notes: Trumponomics 2.0
19 snips
Nov 9, 2024 
James Politi, Washington Bureau chief for the Financial Times, and Rana Foroohar, global business columnist, dissect the recent Republican victory in the elections and the significance of economic sentiment among voters. They analyze Trump's disruptive economic agenda and its potential implications, including tax cuts and rising inflation. The conversation touches on the Democrats' struggle to connect with working-class voters and the historical patterns of market reactions following electoral outcomes, hinting at economic challenges ahead.
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Cost of Living Crisis
- The cost of living crisis significantly impacted the election results.
- Voters in swing states felt the burden of rising prices, making it difficult for Harris to secure a win.
Repudiation of Bidenomics
- The election results indicate a rejection of Bidenomics, although some policies might be viewed differently in the future.
- The shift away from free trade and globalization will likely continue.
Obamacare Analogy
- Obama's healthcare reform was initially unpopular, leading to midterm losses in 2010.
- However, it gained popularity over time, suggesting that some Biden policies might see a similar trajectory.