Dems, Republicans trade places in their economic outlook

Source: David J. Lynch, Washington Post (Paid Registration)

The economy, which continues its slow healing from the pandemic recession, actually isn’t all that different than it was in the fall. But there has been a change in what increasingly determines opinions about the economic landscape: the identity of the party controlling the White House. A striking partisan divide emerged in the Trump era, when Republicans began routinely viewing the economy in a better light than Democrats. Over the past five months, however—and especially since the presidential election—the parties have switched places. Democrats became notably more buoyant, while Republicans just as quickly turned gloomy.

Under the incoming administration of President-elect Joe Biden, fights over policies that would redistribute income from top earners to less affluent households—such as health care and student loan forgiveness—are likely to reinforce the parties’ contrasting economic assessments..

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