Reid Epstein’s Economic Polling Anxiety

NYT’s Reid Epstein, who fairly routinely says things that make it clear he misunderstands what he’s watching, recently substantiated a whine that Kamala Harris doesn’t do enough interviews by claiming that Trump faces challenging questions at those things he labels press conferences.

Mr. Trump has, however, held three recent televised news conferences with the mainstream reporters covering his campaign, who posed challenging questions on numerous fronts.

Today, Epstein’s out with a complaint that Kamala Harris’ interview with Stephanie Ruhle was a softball interview with a friendly interviewer. His first piece of evidence to substantiate his complaint is that rather than answering a question about why Trump polls better than her on the economy, Harris instead, “blasted Mr. Trump’s record.”

The MSNBC host’s second was about why voters tend to tell pollsters that Mr. Trump is better equipped to handle the economy.

Ms. Harris responded to the fairly basic and predictable questions with roundabout responses that did not provide a substantive answer.

Instead of offering any explanation for why Mr. Trump polls better on the economy — a matter that has vexed Democrats as President Biden has overseen a steadily improving economy — Ms. Harris instead blasted Mr. Trump’s record. She blamed him for a loss of manufacturing and autoworker jobs and said his tariff proposals would serve as an added sales tax on American consumers.

It was a friendly interview! But it was also more substantive than the press conferences that Epstein has fooled himself into believing presented challenging questions. And her assertions were factually correct (though WaPo says she misstated the manufacturing job loss).

For example, here’s the answer he’s complaining about:

RUHLE: But, still, polling shows that more — most likely voters still think Donald Trump is better to handle the economy. Why do you think that is?

HARRIS: Well, here’s what I know in terms of the facts.

Donald Trump left us with the worst economy since the Great Depression, when you look at, for example, the employment numbers.

RUHLE: It was during COVID, and employment was so high because we shut down the government, we shut down the country.

HARRIS: Even before the pandemic, he lost manufacturing jobs, by most people’s estimates, at least 200,000. He lost manufacturing plants. Ask the autoworkers how he lost auto plants.

We have grown over 20 new auto plants. He has an agenda. Let’s just deal with it right now going forward, not to mention what happened in the past.

He has an agenda that would include making it more difficult for workers to earn overtime, an agenda that would include cutting off access to small business loans for small businesses, an agenda that includes tariffs to the point that the average working person will spend 20 percent more on everyday necessities and an estimated $4,000 more a year on those everyday necessities, to the point that top economists in our country, from Nobel laureates, to people at Moody’s and Goldman Sachs, have compared my plan with his and said my plan would grow the economy.

His would shrink the economy. Some of them have actually assessed that his plan would increase inflation and invite a recession by the middle of next year. So, the facts remain that Donald Trump has a history of taking care of very rich people.

And I’m not mad at anybody for being rich, but they should pay their fair share — but tax cuts for the billionaires and the top corporations in our country, and then not really paying much attention to middle-class families. My perspective on the economy is, when you grow the middle class, America’s economy is stronger.

And there’s empirical evidence to prove my point correct.

Harris listed:

  • The decline of manufacturing jobs under Trump
  • The historic rise of manufacturing jobs under Joe Biden
  • Biden’s investment in the auto industry
  • Several Project 2025 policies that would hurt small businesses
  • Trump’s proposed tariffs, which even GOP economists loathe
  • Her plan to make taxes more fair

Ruhle asked a horserace question (and challenged Harris on the cause of the collapse of the economy under Trump), and Harris responded by listing a bunch of policies — those enacted under Biden, those she plans to do if elected, and those Trump has proposed — distinguishing her from Trump.

Later in the interview, she would observe that Trump is just not very serious on policy issues, in the kind of comment that drives Trump nuts and reassures certain kinds of voters who value overt strength. (I keep wondering whether I’m allowed to say Madam Vice President is dick-wagging, but this is language that resonates with a certain kind of often male voter.)

I — frankly, I’m going to — and I say this in all sincerity. He’s just not very serious about how he thinks about some of these issues. And one must be serious and have a plan, and a real plan, that’s not just about some talking point ending in an exclamation at a political rally, but actually putting the thought into, what will be the return on the investment, what will be the economic impact on everyday people?

Never mind that Harris made a bunch of factual claims that almost never get covered at NYT. In an interview in Pittsburgh, she addressed manufacturing (and her opposition to Nippon Steel buying the local plant in Pittsburgh). That’s transparently obvious smart politics.

She spoke to voters, not Reid Epstein. She told a story about the economy, and poor Epstein is sad she didn’t tell a story about polling. She did what good politicians do: Answer the question that voters care about, not the one that horserace journalists care about.

Meanwhile, Epstein’s colleague Michael Gold wrote another of his sanewashing posts on Trump the other day, with the headline, “Trump Pitches ‘New American Industrialism’ and Luring Foreign Manufacturing.”

Don’t get me wrong: How voters view Harris on the economy is important. How voters view a candidate on their most important issue often predicts the winner. As Gallup explained in a piece arguing that most measures of the election favor Republicans, the party that does better on the issue voters view as most important almost always wins the election.

This measure has been highly predictive of election outcomes in Gallup trends dating back to 1948. The party rated as better at handling the most important problem has won all but three presidential elections since that year. The question was not asked in 2000, and the two parties tied in 1980, when inflation was the top issue. The only time the measure was out of sync with the outcome was in 1948, when Americans believed the Republican Party was better able to handle the most important problem (international issues) but returned Democratic incumbent Harry Truman to office.

Gallup rolled this out with a recent poll showing that the economy remains the most important issue — though their poll results are suspect, given that just 4% of respondents said abortion was their most important issue (it’s probably twice that).

At the end, Gallup suggests that voters will figure out they don’t like Democrats. Gallup doesn’t consider that maybe its poll shows way too many voters rate immigration most important and far too few rate abortion as such.

Nevertheless, the two major party presidential candidates have similar favorable ratings in Gallup’s September poll, echoing presidential preference polls that suggest a neck-and-neck race between Trump and Harris.

It is possible that Americans’ voter preferences may align better with their views of the state of the nation between now and Election Day. Trump led in most presidential preference polls this summer when Biden was the presumptive Democratic nominee and Americans’ unhappiness was focused on the incumbent president. The election results will reveal the extent to which Harris, the incumbent vice president, is saddled with Americans’ frustrations with the current administration or is able to rise above those.

That is, Gallup is sure the voters are wrong, not its own polling.

This is probably a good time to recommend Rick Perlstein’s review of W. Joseph Campbell’s Lost in a Gallup: Polling Failure in U.S. Presidential Elections, which describes how serially unreliable presidential polling is.

But back to Reid Epstein, who judges Vice President Harris as a weak candidate because she’s speaking to voters, not Reid Epstein.

Polls, from all pollsters, generally show this to be a tight race, with results varying from Trump leading by one to Harris leading by seven.

Where there’s an interesting variation is on just this issue: how voters say the two candidates are doing on the economy.

NYT’s own poll — which is one of two most pessimistic for Harris — shows a significant 13% gap, about where things stood this summer.

But as WaPo reported yesterday, other polls show something different going on: They show that Harris is cutting into Trump’s lead on the economy.

Although voters still favor former president Donald Trump over Harris on handling the economy, his advantage has dropped dramatically in recent weeks. Trump now averages a six-percentage-point edge on the economy, compared with a 12-point lead against President Joe Biden earlier this year, according to an analysis of five polls that measured voters’ opinions before and after Biden dropped out.

A Fox News poll this month, for example, found that 51 percent of registered voters favor Trump on the economy, compared with 46 percent who favor Harris. That’s compared with a 15-point advantage Trump had over Biden in March. Other recent polls — by ABC-IpsosNPR-PBS NewsHour-MaristUSA Today-Suffolk University and Quinnipiac University — show similar shifts.

WaPo credits overall economic trends and Kamala’s fresh face on these issues.

Underlying that sea change, analysts say, is the fact that Americans are feeling better about the economy. Prices are stabilizing, interest rates are coming down and wages are rising faster than inflation. At the same time, voters seem to view Harris as a clean slate, unburdened by the rapid run-up in prices that has plagued Biden for much of his presidency.

Plus, political strategists say, she has struck a decidedly different tone on the issue. Unlike Biden, who spent a lot of time trying to convince Americans that the underlying economy was great, Harris has come across as more sympathetic to their everyday struggles. Her economic policies — including a slate of new proposals rolling out this week — have focused on issues important to middle-class voters, including affordable health care, housing and childcare. Harris is scheduled to speak on the economy Wednesday in Pittsburgh.

“She’s been very aggressive about laying out specifics, and that’s what people want,” said Celinda Lake, a Democratic pollster. “It also helps that she’s a new face with a new set of life experiences, so people don’t assume her policies will be the same as Biden’s. And on top of that, inflation is abating. The fact that prices have stabilized and seem more predictable — that goes a long way.”

I suspect that it’s not just that Harris has approached this differently, it’s also that her own approval ratings have increased. Voters’ “feels” about Harris have dramatically improved, and as a result, they trust the facts she’s providing about the economy.

Those may be related. That is, voters may like her economic empathy, they may like her emphasis on being raised middle class that jaded reporters like Epstein find shallow.

Whatever it is, a number of polls are showing two key trends: Harris’ approvals are going up, dramatically (Biden’s are inching up), and more voters are beginning to prefer her on the economy.

They may well be showing that Harris’ strategy, including a media strategy that speaks to voters not horserace journalists, that emphasizes both her economic empathy and her wonkiness, is working — that no matter how much Epstein whines, Harris has a better handle on what to do about polls showing voters prefer Trump by shrinking margins on the economy than Epstein does.

It’s like the NYT story on Tim Walz’ trip to Erie, a swing county in the most important state, which twice bitched that Walz didn’t answer questions about a stupid Trump attack, that some of Walz’ cousins prefer Trump.

Mr. Walz also frustrated a handful of reporters as he refused to answer shouted questions.

[snip]

Mr. Walz ignored shouted questions from reporters about news articles that surfaced Wednesday over his own distant Republican relatives pledging to vote for Mr. Trump. But at his rally in Erie, he seemed to nod at those reports as he tied Mr. Trump to a set of conservative policies he described as harmful to democracy, women, workers and the middle class.

“So you tell your relatives because, look, we all got them — we know we got to keep talking to them — he said what he would do,” Mr. Walz said of Mr. Trump. “And I believe him.”

Epstein claims to care about voters’ opinion on the economy, but he’s so wrapped up in making himself the story that he ignored Harris’ effort — an effort that seems to be having some effect — moving voters’ opinion about the economy.

Harris is telling the story that Epstein refuses to.

That is, she’s doing her job.

This really does seem to be the problem with the NYT this year — and by no means just with Epstein. NYT wants the story to validate the horserace as horserace, it wants to validate a self-imagined measure of their own savviness, rather than focus on the voters’ needs and preferences. Epstein quite literally complained that Harris used her opportunity to do something about her (shrinking) deficit in polling on the economy, rather than indulging his needs by emphasizing it.

As Harris says, her mother taught her never to let others tell her who she is, but to show people who she is.

Reid Epstein, whom the NYT pays to cover Harris’ campaign full time, apparently missed that bit.

image_print
77 replies
    • Golden Bough says:

      Drew Magary is amazing. Thanks for sharing.

      (Not sure if this is allowed here, but I will shamelessly plug Drew’s journalist-owned subscription site Defector. It’s ostensibly a sports blog site run by former Deadspin writers after their mass exodus, but has frequent, fantastic political and posts critical of corporate journalism.)

      • Just Some Guy says:

        Defector is great! Attended a Mets game once with David Roth back when he worked at Topps. Can’t speak highly enough of him and Defector.

    • Tech Support says:

      Bagging on the NYT is something that I’ve seen growing slowly over time. Clearly they have a long, long way to fall in terms of their subscriber base and revenue model, but they will slowly bleed audience until they suddenly realize they need to Do Something.

      Whatever that Something is, it’s not going to involve soul-searching or trying to return to some standard of conduct they no longer have. For one, they won’t see themselves as being the problem. Secondly, it’s not clear to me that their reputation was wholly earned on the merits or whether it was always a combination of marketing hype and a New-York-Centric model of humanity.

    • earlofhuntingdon says:

      From Magary’s SFGate article, ending with an homage to a wopr of WarGames:

      Harris is winning this election right now in large part because she has avoided legacy outlets, the Times foremost among them…. Her team understands that it behooves these outlets to have a close race, which means that they’ll seize on any gaffe Harris makes if it gives them a chance to falsely equivocate her remarks to those of Trump screaming, “THEY’RE EATING THE DOGS!” to kick up a racial holy war. Team Harris has no interest in helping the Times sanewash Trump more than it already has, so they’ve decided that the only way to win the game is not to play.

  1. Bears7485 says:

    The jockeys like Reid in the media yearning for a horserace will stop at nothing to bolster the bottom line for the billionaires they work for.

    He’s asking her to do his work for him; to explain why so many voters directly link their station in life to the current president? And when she points to several facts about Trump’s failed economic policies instead of firing back insults and lies, he throws a fit and claims she “blasted” Trump.

    Meanwhile Trump is requesting that NBC bring back Johnny Carson…who died nearly 20 years ago, and forgetting where he is, no one is legitimately questioning whether he’s of sound mind as they did with Biden.

  2. Peterr says:

    I keep wondering whether I’m allowed to say Madam Vice President is dick-wagging . . .

    Given the precedent set by the sobriquet by which you formerly referred to Liz Cheney in relation to her father, the phrasing here is allowed.

  3. xyxyxyxy says:

    “mainstream reporters covering his campaign, who posed challenging questions on numerous fronts” to which he answered even more “incredibly challenging” answers like “childcare is childcare “.

      • Nelson_09JAN2021_1035h says:

        Exactly! EW exposes the problem with polls and the MSM’s need for a horse race instead of analysis. It’s an old and tired trope the rest of us have left behind, that Republicans are always better on the economy. Sadly we have a devastating record from a careless and profligate populist that turned that trope on it’s head. AND Harris is not Biden. I sense American’s are hungry and anxious to leave that dead horse behind. Harris is leads the ‘no going back’ non-partisan coalition that isn’t Trump or Biden, as evident by the many Repubs that continue to defect and help deter the orange menace. THANK YOU EW!.

        [Welcome to emptywheel. Please choose and use a unique username with a minimum of 8 letters. We have adopted this minimum standard to support community security since your first and only known comment. Because your username “Nels” is far too short (and does not match your first comment) it will be temporarily changed to match the name including date/time of your first known comment until you have a new compliant username. /~Rayne]

  4. trnc2023 says:

    I think Harris is doing great, but I also think that she has an easy answer to “why does the public think the economy is bad?” The answer is that the press have hyperfocused on inflation for 3 years never mention that inflation started under Trump and climbed before Biden signed his first spending bill, and that a significant amount of that spending had to compensate for Trump’s broken promise on infrastructure and mismanagement of Covid.

    • Twaspawarednot says:

      She needs to be very careful to acknowledge the very apparent effects of inflation. Many people see the cost of inflation as equivalent to the state of the national economy because of its direct effect on their household economy. She needs to dance around seeming to be aware of this distress and at the same time pointing to economic positive indicators. GHW Bush was shot down by “it’s the economy stupid”.

      • John J Publicus says:

        As a trained estimator, I’m always seeing costs from several angles. Very early into our recovery (the downward slope of inflation) I started seeing costs in very competitive spaces (mostly online at the hard goods supplier level) coming down, while retail stayed high. Now a bolt I can get online for .69 cents is over $3 at the big box stores. Before the pandemic it was a 5-10% premium, at best.
        I can’t really do an equivalent comparison for food, but paper goods, cleaning supplies and other goods you might see a company buying in large quantities seem to correlate a s well.
        What im saying is that if little old me can semi-empirically prove greedflation in these areas, it’s likely happening everywhere in the economy, and people notice.

    • Krisy Gosney says:

      Agreed. I’ve been wondering if a male voice read Harris’ answers (and if people were told it was ‘Cam’ not Kamala speaking) if they’d hear the substance in her answers? Misogyny and chauvinism is insidious.

  5. Memory hole says:

    How is it possible anyone could believe Trump better on the economy? As Marcy stated, “Never mind that Harris made a bunch of factual claims that almost never get covered at NYT.”. There it is. Harris can make factual claims that few people will hear. Donald Trump can falsely claim, “I had the greatest economy in the history of the world. My numbers are the the best numbers. A lot of people didn’t think it was possible, my numbers.”. And his false claim of his great economy are broadcast to all with no context or fact check included. And the incoherent rambling section removed for sane washing.

    • trnc2023 says:

      I feel ya, but the press have a lot more influence than people would like to think, especially over an audience that is not very plugged in like most people on this and other blogs probably are. They hammered on inflation with zero context and left the impression that it’s Biden’s fault. In 3 years, I have never heard any mention on NPR, CNN, etc that inflation started under Trump or how much of Biden’s spending picked up Trump’s slack. I think I heard about Exxon’s record making profits during inflation precisely one time, and even that didn’t explicitly connect the dots. Global inflation that outpaced the US may also have been mentioned one time, but I’m not even sure about that.

      At any rate, I understand the sentiment that Harris shouldn’t just jump through every hoop put up by bad faith news writers, but I also think there’s a fairly easy and factual answer to start hammering as a counter narrative to the bullshit along with the other facts about Trump’s handling of the economy.

      • Just Some Guy says:

        Tbf the NYT editors will have a fun time today trying to figure out how to spin why the mediocrity they endorsed for mayor got indicted by the feds.

        Good ol’ Turkiye, keeping US pols paid since (at least) 2016!

      • Twaspawarednot says:

        NPR has become nearly worthless as they have become more focused on cultural stories of zero newsworthyness. In the outback I have limited options and have lost interest in NPR. Phone is it

    • bawiggans says:

      And starting from the dumpster-fire Obama inherited, he handed off to Trump an economy with 75 consecutive months of job growth. Trump completely exemplifies the old saw “he was born on third base and thinks he hit a triple” in so many ways.

    • MsJennyMD says:

      No. Not at all better on the economy. The press needs to go down memory lane with Trump’s years of corruption, fraud and thievery. Remember he went bankrupt 6 times. Bankrupt his Atlantic City casinos where “the house always wins.” Ripped people off with his fake university. False financial statements for hotels and resorts. For years he has taken con man to an art form destroying businesses getting away with cheating.
      Grifter of grifts, con artist, swindler, fraudster, huckster, scammer and exploiter of humanity all rolled into one. He has the “poop” touch. All he touches turns to poop.

      • trnc2023 says:

        We’re where we are because the press has memory-holed DT’s economy and pushed a narrative that Biden is responsible for the inflation. It is not an accident that the race is tied or close to it.

      • Memory hole says:

        Exactly. I am clearly foolish, but i think the press has an obligation to somewhat point out facts and reality in the news coverage.
        Like including the stories MsJenny mentioned.
        They let Trump say sending all the migrants back where they came from will be positive economically . Yet we don’t have people to do the jobs that migrants do. I don’t see stories on the obvious point that farmers all over the country will suffer. Some of those migrants milk the cows, pick the fruits and vegetables, and staff the slaughterhouses. Without them food prices would skyrocket. And much would rot on the vines. I am not here to support cheap, underpaid labor, but just to make one simple point that is rarely mentioned, but should be a major economic story relating to Trumps plan.

    • Nelson_09JAN2021_1035h says:

      Anyone that’s compared the 2 candidates efforts, platforms, schedules, and output should be able to see how Madam Vice President is working twice, maybe 5X as hard and long “for the people” as the indicted felon. That’s probably a familiar struggle, even though it’s 2024, for every woman and person of color. She’s the candidate that’s really working and earning your vote.

      [Moderator’s note: please see your comment at 3:32 pm. /~Rayne]

      • Rayne says:

        One only needs to take note of how much time the orange bawbag is spending golfing, which I would bet mirrors the percentage of time he spent each week on golf courses during his term in office.

        Apparently the media still has difficulty with this just as they did between 2017-2021.

        • Memory hole says:

          My apologies for getting off topic. But seeing how much Trump keeps golfing, and how little he campaigns compared to the last two elections makes me wonder. I keep seeing other puzzle pieces like Trump saying we don’t need your votes. We got plenty. The hijacking of voting machines/ tabulators in various battleground states. Louis DeJoy’s mail slowdowns. Kevin Roberts at project 2025 saying we are in the process of the second revolution. Which will be bloodless if the left allows it. Trump allies bombing civilians in the Middle East and Ukraine. It seems he has a several pots boiling and plans to win in the chaos of spilling them all. I really hope for a landslide to make the fuckery impossible

      • Rayne says:

        Economics isn’t complex. Corruption adds complexity to ensure the average person is too frustrated to find simple answers and are willing to settle for bullshit answers, like Trump’s.

  6. allan_in_upstate says:

    Political reporters like Epstein, and pundits, usually have an Econ 101 understanding of the economy,
    i.e., pretty much divorced from reality.

    • trnc2023 says:

      I think that in too many cases, it’s more than that. Epstein is pushing a narrative, and it’s still difficult for people to distinguish good reporting from bad in the NYT. That may actually be one of the more sinister results of Fox News being kind of a catchall reference for republican propaganda. It’s easy to point at them, whereas NYT requires more work because of the amount of good reporting they do.

      Also, repubs have an easy time just demonizing entire news outlets even if 75% of the coverage is repub friendly. The 25% that isn’t must be undermined at all costs, and the general distrust of the media is paying the same dividends now that 25 years of Hillary bashing did in 2016.

  7. SteveBev says:

    The 1st question asked by Ruhle related to Harris’s plans for the Economy which Harris laid out in depth.

    The 2nd question had this preamble :

    “Over the last 4 years, there have been tremendous economic wins, and you have just laid out your economic plan.

    But still, polling shows …[etc] ?”

    EW has made excellent points which I don’t believe I could improve upon.

    But Epstein’s characterisation of Harris dodging the question is especially absurd, in the light of the framing of the question.

    The full question was obviously a THEMATIC one, inviting Harris to comment on and contrast Trump’s economic record and plans, with her own, using polling as a mere hook for the 2 issues of substance

    IOW the question amounted to:

    ‘ Please discuss and contrast your position on the economy to that of Trump, in the light of
    1 an apparent difference in public perceptions of economic competence between you
    DESPITE
    2 Biden/Harris having achieved tremendous economic successes and you having detailed plans for the future.’

  8. digimark says:

    (Apologies if I got the username incorrect, I haven’t posted in a while. Will be glad to write it down for next time.)

    When a reporter leads with Why is Trump leading the polls for {anything}, my thinking immediately goes to the two different fact universes the R and D tribes live in. Unless the D tribe can find a way to break into the fact universe the R tribe marinates in, quoting facts, plans and what the other tribespeople have said doesn’t seem very effective. I get rolled eyes and dismissal from my relatives when I try to persuade. I’d love to read about attempts to disrupt that epistemic closure.

    [Moderator’s note: I can’t find your last username based on the information you used to publish this comment. Stick with “digimark” and the same email address for all future comments. /~Rayne]

  9. RitaRita says:

    Harris impliedly answered the question on why Trump is seen as better on the economy than she is. She addressed Trump’s deficiencies and the Biden successes. The reason she thinks she is polling worse is that she thinks the public doesn’t know or understand Trump’s deficiencies and Biden’s successes. She is addressing this by highlighting the Trump deficiencies, Biden’s successes, and her own plans.

    Epstein’s article was short and just shy of frivolous. And much of the media clamoring for more thorough policies is just pretense at being serious journalists. Candidate policies, especially economic and social, are aspirational and with the caveat that a Congressional majority will be needed. What is important is that she is talking about increasing revenue by taxing more fairly, will look to increase affordable housing stock by tax subsidies, favor more domestic manufacturing. Supports an independent Fed. By way of contrast, Trump’s concepts are to increase tariffs across the board, cut taxes, politicize the Fed, etc.

    The only people less serious about the economy than Trump are many of the reporters asking the questions.

  10. Amateur Lawyer At Work says:

    Someone needs to ask horseracers like Epstein, “Who’s winning this 15 minutes?” every 15 minutes. Let them know how inane the questions that they ask really appear to everyone not them.

    • john paul jones says:

      Yeah, that would be a fun question to ask. Trouble is, it calls for self-reflection, and these guys have already shown that they are stuck in a box of assumptions whose surfaces are all mirror-glass. Textbook definition of narcissism.

  11. Sussex Trafalgar says:

    When President, Trump browbeat the Federal Reserve Chairman into lowering interest rates and keeping them low for too long, thus giving the stock market a “sugar rush” low or no interest high that screwed those who depend on interest from savings accounts. It also created most of the inflation we’ve seen in residential property values and equities market.

    His tax cuts helped his billionaire friends, and also helped the professionals who make a living and/or money in the real estate business.

    Had Trump remained President in 2021, the US economy would have experienced inflation resembling Argentina’s periodic inflation and economic collapses.

    Trump the dunce the chump is not an economic wizard; instead, he’s a capricious heir and grifter who squandered a $400 million inheritance from his father.

    Today, he’s a perverted and deranged dirty old man.

    • Twaspawarednot says:

      That would play well to all the MAGAs that believe the economy is in the toilet based on what they pay for a box of Cheerios.

      • Marinela says:

        Well the MAGAts lost a lot of money on DJT stock, so it must be the democrats fault that the economy is so bad the DJT stock is down during dems administration.
        /s

  12. harpie says:

    After the debate, Cheryl Rofer wrote this, taking off from Marcy’s post about protagonists:

    A Perceptual Black Hole
    https://nucleardiner.wordpress.com/2024/09/15/a-perceptual-black-hole/
    9/15/24

    The day after the debate, Marcy Wheeler asked why the pundits didn’t listen to Kamala Harris the several times before the debate when she said what she was going to do. She notes that they paid attention to Donald Trump’s comments about the debate. The easy answer is that she is an Indian and Black woman and he is a white man, so of course sexism and racism are in play. That’s not wrong, but I think we can narrow in on further understanding. […]

    • harpie says:

      And here’s an add on from Rofer referring something David Ignatius reported WaPo:

      Kamala Harris Gets It
      https://nucleardiner.wordpress.com/2024/09/16/kamala-harris-gets-it/

      Ignatius at WaPo:

      During the administration’s first year, the briefer was presenting a classified personality profile of a female foreign leader Harris would be meeting. The briefer was a woman, but Harris thought some of the language she was using was gender-biased. Rather than just voicing her discomfort, Harris requested an intelligence community internal review.

      The result, never previously reported, was an internal assessment by the intelligence community of whether analysts had routinely used gender-biased language in intelligence reports. […]

    • Nelson_09JAN2021_1035h says:

      Agreed Harpie. What’s lies beneath the MSM’s economy question trap, is a race baiting undertone. Harris cannot just blurt out the obviousness of it all because she’ll look like a victim, as in weak, or vulnerable, killing her chances. She has no choice but to be the smartest, most poised adult in the room. It’s an endurance marathon and she is more than holding her own. Mountains of admiration and respect for her.

      [Moderator’s note: please see your comment at 3:32 pm. /~Rayne]

  13. Norske23 says:

    Would a satisfactory response be something along the lines of “because people like Reid Epstein are terrible at their jobs”? Because that’s a big reason why this misperception persists, Reid.

  14. bgThenNow says:

    I have been looking at employment/unemployment data. Without immigrant labor, (immigrant employment varies at a range under 20%), our country/economy would be in a world of hurt. Immigrants are highly employed, unemployment data is not dissimilar from US born (it’s about 4.6% for both, has risen this year by about 1%), but without immigrant labor (deport!) the US would be unsustainable. I don’t know why this is not discussed more. https://www.pgpf.org/blog/2024/07/the-foreign-born-labor-force-of-the-united-states

    • Nelson_09JAN2021_1035h says:

      Exactly BGTHENNOW. Sadly the Rethuglicans know that too, which exposes their stochastic immigrant bashing terrorism as a volatile powder keg they won’t be able to defuse.

      [Moderator’s note: please see your comment at 3:32 pm. /~Rayne]

  15. wetzel-rhymes-with says:

    A major economic transformation has occurred during the Biden administration in my own Southern metropolis, which has cast a pall of despair and meanness, imparting an economic hopelessness to young families despite good wages and growth. For the last several years every single house coming on the market below $300,000 since COVID has been bought by real estate investment trusts (REIT) before families have a chance. Now there are no starter homes within 75 miles of the city in every cardinal direction. There is no path for the postal worker husband and teacher wife to buy a house anymore. This is a big change. The outlying counties with endless neighborhoods of split level 3-bedroom houses are now basically jig-saw apartment complexes divided run by property management firms, run down and weedy. People used to rely on starter homes to build equity, but despite hundreds of thousands of houses worth less than $300,000 trading hands, families can’t buy them.

    The economy is growing. Wages are good. But the character of the economy is changing, and it’s a seismic change in the economic life of families. In some counties there are almost no houses for sale. The kind of statistics Harris points to don’t capture what is happening. The economy is being rentierized and it changes everything. Without being able to purchase a starter home, families have much less economic self-efficacy. The psychological effect is Beck’s cognitive triad for a young family. You and your spouse feel like losers. You have no social status. The future is bleak.

    • originalK says:

      Since I follow the increasing prevalence of private-equity in various industries, I don’t doubt that there are businesses in the business of buying up housing in metro areas. I also don’t think Trump and Trump associates are the better choice when it comes to remedying this problem – here’s an example, from Pro Publica re: the Kushner family and multi-family housing.

      Who was selling to the REITs? In my area, blue suburban midwest, there was a boom in sales _to families_ just post-pandemic that was driven first (and sadly) by the number of homeowner deaths, including where both spouses died, then some retirements, and then down-sizers. Most of the houses were extensively remodeled either before or after. (There were also a few pre-COVID teardowns that were completed and came on the market afterward.) Interest rates and labor shortages would greatly affect all that work getting done. It is my understanding that the days of young marrieds doing the work themselves is in the past, if it was ever true.

      Over the summer, there were reports of pandemic overbuilding in the SE U.S. being a bubble about to burst (I can’t find a good link – only NYPost and Newsweek). In the Atlanta area, I found this report from August that says, even pre-rate-cut, the market is improving.

    • LaMissy! says:

      Then there’s RealPage, making rents unaffordable as well. From ProPublica:

      In one neighborhood in Seattle, ProPublica found, 70% of apartments were overseen by just 10 property managers, every single one of which used pricing software sold by RealPage.

      To arrive at a recommended rent, the software deploys an algorithm — a set of mathematical rules — to analyze a trove of data RealPage gathers from clients, including private information on what nearby competitors charge.

      For tenants, the system upends the practice of negotiating with apartment building staff. RealPage discourages bargaining with renters and has even recommended that landlords in some cases accept a lower occupancy rate in order to raise rents and make more money.

      https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

      DOJ has filed a lawsuit:
      https://www.justice.gov/opa/pr/justice-department-sues-realpage-algorithmic-pricing-scheme-harms-millions-american-renters

  16. ken melvin says:

    The media did fail us. Even PBS reports that dissatisfaction with the economy is the major issue with voters. Why is this? Could be because the media tells us what the polls say and what we think but fails to employ the 5 Ws of journalism in re inflation, the economy, etc. Maybe they should explain how inflation really works, not give us Paul Solomon-like simplistic dogmatic answers. Maybe they should point out that the COVID money kept the economy afloat, and was done with the full knowledge of the probable aftereffects. That inflation likely didn’t even start in the US. Who, what, when, and why. Doesn’t get more basic. Why not report that voters may feel this way because, in this good economy, their share is not enough to live on? Now there’s a real story for real journalists.

    • Magnet48 says:

      THIS ! ∆∆∆∆∆∆ Our (my husband’s & my) income is not enough & I do wish that was the approach everyone would use. Then maybe the dissatisfied would not feel so invisible. Tone deaf is the term, no?

  17. earlofhuntingdon says:

    I’ll never understand why so many voters say they prefer the economic thinking of a six-time bankrupt, convicted felon and serial fraudster, who owes NY state $500 million in damages, who can’t make money running casinos, whose CFO and principal company have been convicted of tax fraud, and whose eponymous charity and university were forcibly shut down for serial fraud.

    Might it have something to do with the skewed coverage in major media like the NYT?

  18. Magnet48 says:

    When you were able to almost thrive for a few years then prices for everything skyrocket you feel scared, depressed, supremely anxious & you cannot reason it away especially when you believe you’ve lost the thing or person who in your mind made the success happen. I will always vote for democrats but everything everywhere points to the dems being evil. Brainwashed editors & reporters just feed the beast.

    • earlofhuntingdon says:

      Trump’s $100,000 watch looks like it was made for $10.50 in a Hong Kong sweatshop out of painted aluminum and industrial diamonds.

      • Snowdog of the North says:

        Anyone wanting to pay a lot of money to actually get a super-quality watch would buy one from a company that knows how to make them and stands behind their products – Rolex, TAG Heuer, Omega, etc. Someone paying $100,000 for a Trump watch just wants to make an off the books donation to him, and likely doesn’t care about the watch.

        And I agree. I’ve seen better looking watches at street vendors in New York. $10.50 would be overpriced.

        • earlofhuntingdon says:

          It’s a grift from the premium category.

          Imagine the profit margins in this one. For comparison, a gold Rolex Submariner goes for about $40,000. Trump is attempting to sell his junk watch for 2.5x that.

  19. Veritas Sequitur says:

    Hurrah for Kamala Harris so competently and confidently engaging in important national policy discussions, thanks to Ms. Ruhle for a refreshing interview focused on national policies of particular importance, and thanks to Dr. Wheeler for showing an insightful contrast between constructive presidential campaign coverage and questionable criticism from idle press sitting on the sidelines.

Comments are closed.