The last time this happened, voters didnāt credit Bill Clinton. That may be a bad omen, or a good one.
If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a āsoft landingā (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided itās already here.
But the stock market doesnāt choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial TimesāMichigan Ross Nationwide Survey conducted November 2ā7 is absolutely brutal on this point.
I donāt think thatās true. Lots of Dems support Medicare for All, which would be a good step in the right direction toward universal healthcare.
I also see the Biden admin do everything it can to get as much student loan relief as possible. But they are blocked at every turn by Republicans and Trumpās Supreme Court. I appreciate Bidenās efforts.
They also attempted to instate family leave and a child credit during covid. Again blocked by Republicans.
I hope to see them continue their attempts and hopefully succeed sooner rather than later.
I think most Democratic party voters want universal healthcare. I think most Democratic party politicians do not.
I donāt think cynicism will bring us any further. I believe it can be done if we vote for people who share the vision. And there are lots of people who share that vision.
But, of course, itās not going to happen if people end up voting for someone else on election day because āgas prices are a little high for my taste right now.ā
The best bet is to vote for enough progressive democrats that will support ranked choice voting and we get it. Once that happens we can build actual progressive platforms and parties but as it sits your not going to change the foundation of the democrat or republican parties. We need new ones and for the time being the democrats are allowing us to vote in more younger progressives and that may be the ticket to finally getting out of the USās trapped two party system.