A Fox News poll reveals that voters trust former President Donald Trump over Vice President Kamala Harris on the economy, amid concerns about inflation and a stock market sell-off.
As the 2024 presidential election approaches, a recent Fox News poll has indicated a shift in voters' trust towards former President Donald Trump over Vice President Kamala Harris on economic issues. The poll, conducted amidst concerns about rising inflation and a global stock market sell-off, suggests that Trump holds a significant advantage in this crucial area.
During his presidency, Trump oversaw a period of strong economic growth characterized by low unemployment rates, rising wages, and record highs in median household income. The poverty rate plummeted to a 60-year low, and income inequality declined. Moreover, job openings exceeded the number of people unemployed, leading to record-low unemployment rates for Blacks, Hispanics, and Asians.
The 2024 Race: Trump Leads Harris on Economy as Stocks Tumble
In contrast, the Biden-Harris administration's economic policies have been marked by high inflation, fueled by massive government spending. The post-pandemic spending spree, aimed at addressing the economic downturn caused by the pandemic, has had a devastating impact on American family budgets and aspirations.
The recent global stock market sell-off has raised concerns about the value of retirement savings in 401(k) plans. The potential loss of billions of dollars in value has further eroded voters' confidence in the current administration's economic policies.
The 2024 Race: Trump Leads Harris on Economy as Stocks Tumble
The poll highlights the yearning among voters for a return to the economic prosperity experienced under Trump's leadership. In 2019, the economy flourished without transformative government spending, resulting in low inflation and wage growth that outpaced prices.
The Fox News poll sheds light on the misconception that the Biden-Harris administration inherited a post-pandemic economic disaster. In reality, many states had already begun reopening their economies during the pandemic, led by Trump's encouragement. The economy was on a trajectory for a V-shaped recovery, with GDP hitting 33.4% in the third quarter of 2020.
The 2024 Race: Trump Leads Harris on Economy as Stocks Tumble
The poll underscores the glaring economic incompetence of the Biden-Harris administration's post-pandemic spending spree. The Inflation Reduction Act and the American Rescue Plan, both supported by Harris, have contributed to the surge in inflation, forcing the Federal Reserve to increase interest rates.
Harris' San Francisco-style economic policies, including higher taxes, increased regulation, and excessive spending, raise concerns among voters. These policies would hinder economic growth and further burden American families.
The 2024 Race: Trump Leads Harris on Economy as Stocks Tumble
On the other hand, Trump's economic vision aligns with the desire for prosperity and economic competence. His focus on tax cuts, reduced regulation, support for U.S. energy production, and a reduction in government spending offers a return to the economic stability that benefited working- and middle-class Americans.
The poll captures the sentiment of "I want my life back," which encompasses a yearning for the prosperity, peace, and economic competence enjoyed under Trump's presidency. This sentiment holds significant sway in shaping voters' decisions in the upcoming election.
The 2024 Race: Trump Leads Harris on Economy as Stocks Tumble
In conclusion, the Fox News poll indicates a clear advantage for former President Donald Trump over Vice President Kamala Harris on economic issues. Voters' trust in Trump's economic policies and their disillusionment with the Biden-Harris administration's handling of the economy could play a decisive role in the 2024 presidential race.
