Politics
Economic growth remained strong over the summer, boosting Harris
At Donald Trump’s pseudo press conference at Mar-a-Lago, at which he answered no questions, the former president took some time to argue that the economy shouldn’t be seen as the nation’s top issue in the 2024 presidential election.
“So I know we talk about inflation and the economy, but as to me, there’s nothing, nothing, more important than the fabric of our country being destroyed,” the Republican said, referring to his perceptions of illegal immigration. “I think what’s happening on the border is the single biggest issue, and I’m seeing it more and more when I speak.”
And why, pray tell, would the GOP nominee downplay the importance of the economy? Because there’s been a lot of news lately about the United States’ economy, and it’s all been pretty great. The New York Times reported:
Consumers are spending. Inflation is cooling. And the U.S. economy looks as strong as ever. Gross domestic product, adjusted for inflation, expanded at a 2.8 percent annual rate in the third quarter, the Commerce Department said on Wednesday. That came close to the 3 percent growth rate in the second quarter and was the latest indication that the surprisingly resilient recovery from the pandemic recession remained on solid footing.
The article quoted Joe Brusuelas, chief economist at the accounting and consulting firm RSM, who said the American economy right now “is firing on nearly all cylinders.”
That’s not an uncommon assessment. The combination of healthy growth, low unemployment, shrinking inflation, record highs on Wall Street, and low gas prices has led quite a few observers to marvel at the health and resilience of the American economy.
In fact, it was earlier this month when The New York Times reported that the U.S. job market “is as healthy as it has ever been” — as in, in the history of the United States — and described recent economic growth as “robust.”
A few days later, The Washington Post’s Heather Long explained in a column that by “just about every measure, the U.S. economy is in good shape. Growth is strong. Unemployment is low. Inflation is back down. More important, many Americans are getting sizable pay raises, and middle-class wealth has surged to record levels. We are living through one of the best economic years of many people’s lifetimes.”
The same day, Politico described the status quo as “a dream economy.”
The International Monetary Fund, meanwhile, marveled last week at the degree to which the U.S. economy is “pulling ahead of the world’s advanced economies.” The Economist, a leading British publication, also recently described the U.S. economy as “the envy of the world,” adding that the American economy “has left other rich countries in the dust.”
Around this time four years ago, Trump told supporters that Democratic policies would “unleash an economic disaster of epic proportions” and force the country “into depression.”
Oops. No wonder he’d rather talk about immigration.
Of course, the larger question isn’t just about the status quo, it’s also about the future. The U.S. economy is strong now, but what about what’s to come?
As it turns out, 23 Nobel Prize-winning economists endorsed Vice President Kamala Harris over Trump in a joint letter released last week, explaining that the Republican’s agenda would “lead to higher prices, larger deficits, and greater inequality.”
“Simply put, Harris’s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable,” the letter added.
The Nobel laureates aren’t alone. The Wall Street Journal also recently asked economists a related question and found that most economists think “inflation, interest rates and deficits would be higher” under Trump’s agenda than Harris’ agenda.
“Look, you may not like Donald Trump personally, but you’ll like his policies a lot better than Kamala Harris’,” Georgia Gov. Brian Kemp recently said. The Republican added that voters are simply “making a business decision.”
Given everything we now know, those focused on the economy and business decisions should be rallying behind Harris as quickly as possible, hoping desperately that Trump loses. Indeed, The Washington Post’s Catherine Rampell explained in her latest column that the Republican is “the wrong choice” for Americans principally concerned about their pocketbook.
This post updates our related earlier coverage.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an BLN political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
President Donald Trump on Sunday endorsed former Sen. John E. Sununu in New Hampshire’s open Senate race, boosting a longtime critic over one of his former ambassadors, Scott Brown.
Trump hailed Sununu, who Republicans see as their best chance to flip the blue Senate seat, as an “America First Patriot” in a Truth Social post Sunday afternoon. And Trump said Sununu will “work tirelessly to advance our America First Agenda.”
“John E. Sununu has my Complete and Total Endorsement — HE WILL NOT LET YOU DOWN. MAKE AMERICA GREAT AGAIN — ELECT JOHN E. SUNUNU,” he posted.
Sununu, a moderate who has opposed Trump across his presidential runs, thanked him in a statement and quickly pivoted to talking about his priorities for New Hampshire.
“I want to thank the President for his support and thank the thousands of Granite Staters who are supporting me,” Sununu said. “This campaign has and always will be about standing up for New Hampshire — every single day.”
Trump’s endorsement further tips the scales in an already pitched GOP primary between Sununu and Brown, who represented Massachusetts in the Senate before moving to New Hampshire and running unsuccessfully for Senate there in 2014. He served as Trump’s ambassador to New Zealand and Samoa in his first term, and has been presenting himself as the more Trump-aligned candidate as he courts the MAGA base.
Brown vowed to fight on. And he took a veiled shot at Sununu, accusing him of not being sufficiently dedicated to the MAGA movement.
“I am running to ensure our America First agenda is led by someone who views this mission not as a career path, but as a continuation of a lifelong commitment to service,” Brown said in a post on X. “Let’s keep working.”
The two are competing to take on Democratic Rep. Chris Pappas for the seat being vacated by retiring Democratic Sen. Jeanne Shaheen. Pappas issued a simple response to Trump’s endorsement of Sununu: “I’m Chris Pappas, and I approve this message,” he wrote on X. His campaign manager, Rachel Pretti, said in a statement that Trump’s endorsement “confirms” that Sununu “will sell out Granite Staters to advance his political career.”
Trump’s support for Sununu once would have seemed unfathomable. The scion of a moderate New Hampshire Republican dynasty, Sununu served as a national co-chair of former Ohio Gov. John Kasich’s 2016 presidential campaign and joined his family in backing former U.N. Ambassador Nikki Haley for president against Trump in the 2024 GOP primary.
Ahead of New Hampshire’s 2024 presidential primary, Sununu penned an op-ed lambasting Trump as a “loser.” (Trump went on to win by 11 points). And he later derided Trump’s 2020 election conspiracies as “completely inappropriate.”
Republicans initially were bullish about flipping an open seat in purple New Hampshire that’s already changed hands between parties twice this century — Sununu defeated Shaheen to win the seat in 2002, then lost it to her in 2008 — and coalesced quickly behind the moderate Republican as their best option against Pappas. Sununu received instant backing from the GOP’s Senate campaign arm upon his launch last October and has wracked up endorsements from the majority of Republican senators. He’s also won support from Republican leaders in New Hampshire — all of which Trump noted in his Truth Social post Sunday.
Trump also initially supported Sununu’s younger brother, former Gov. Chris Sununu, running for the Senate seat. Chris Sununu, also a vocal Trump critic, declined to launch a bid, prompting GOP interest in his brother.
But some in Trump’s Granite State MAGA base quickly rejected his endorsement of Sununu, calling it a “slap in the face to grassroots supporters” long loyal to the president.
“The Sununu family openly mocked, degraded, and worked against the America First movement, the President himself, and the policies that energized New Hampshire voters,” a group of MAGA activists wrote on X. “We will continue and intensify our campaign opposition to the Sununu operation.”
Sununu holds a wide lead over Brown in polling of the GOP primary. The latest, a University of New Hampshire online survey of likely primary voters from mid-January, showed Sununu up 48 percent to 25 percent with 26 percent of likely voters undecided. But Pappas is ahead of both Republicans in hypothetical general-election matchups, leading Sununu by 5 percentage points and Brown by 10 percentage points in the UNH poll. The survey of 967 likely GOP primary voters had a margin of error of +/-3.2 percent.
Pappas also outraised both Republicans, bringing in $2.3 million last quarter and amassing a $3.2 million war chest heading into the year. Sununu hauled in $1.3 million and had $1.1 million in cash on hand in his primary campaign account while Brown raised $347,000 through his main account and had $907,000 in the bank.
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