Make Me Smart The political attacks on economic data
Oct 5, 2024
This discussion delves into the politicization of economic data, highlighting how political narratives can distort public perception. You’ll hear about the surprising jobs report and how figures like Senator Rubio react. The conversation also touches on white labeling in retail and innovative air taxi technologies, exploring their potential in logistics and healthcare. Amidst cocktail chatter, there's insightful analysis of current political events, all while pondering the impact these developments have on trust in government and democracy.
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Diminished Impact of October Surprises
- October surprises often fail to shift voter opinions due to saturation of big news and political fatigue.
- The Trump legal filings get less coverage because many scandals have made such news seem less shocking.
Media Overcorrection Since 2016 Election
- Media coverage is more measured now than in 2016 due to hindsight about over-amplification.
- Journalists seek balance in coverage after past regrets related to 2016 election reporting.
Political Attacks Corrode Trust
- Politicians falsely calling economic data "fake" damages trust in institutions.
- Such behavior corrodes democracy and public belief in serious political proposals.