For months, pundits have been furiously debating why positive trends in economic indicators (jobs, GDP, inflation) are not reflected in surveys of consumer sentiment or President Biden’s approval ratings. Some commentators have chalked this state of affairs up to “vibes,” citing the media’s emphasis on negative data and its overwhelming influence over public perceptions of the economy. [time-brightcove not-tgx=”true”] As a result, the GOP currently holds its largest advantage on economic matters since the Reagan era. Voters might trust Republicans more on the economy, but Democrats are the party that lets economic data and economists guide their policy prescriptions. That was
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