THREAD: What are we seeing so far from voters and their economic concerns?
SENIORS: Trump holding an edge
- given strong stock market performance & threatening “you’ll lose your 401k w/o me,” seniors care about retirement savings staying in tact
- heavy unemployment/need for stimulus less relevant
THE LATINO VOTE: We’re seeing Latinos putting economy as top priority
- A reminder that immigration is not the only issue — it’s not even #1
- Latinos are the fastest growing demographic of small biz owners & entrepreneurs. Deregulation and taxes are a major focus
*FLORIDA: THAT COMBO — A Trump win in Florida was pushed by voters who prioritize rebuilding the economy over containing the coronavirus.
But of course, Covid is playing a role in how many people are voting. 
-Just over half, (55 %) of voters nationwide say that the coronavirus has caused them a financial hardship
- NBC News Exit Poll voters: the severity of financial hardships are directly linked to vote preference 

- Among those most severely impacted financially, Biden clear favorite: nearly 3/4 (72%) of voters who have suffered a severe hardship say they are casting a ballot for him.
But for those who say they had no economic setback, more voted for Trump (56%) than Biden (42%)
Race plays a factor in all of this: Voters of color are among the most likely groups to say they have suffered a severe hardship as a result of the pandemic: (20 % of Black voters say they have suffered a severe hardship, along with 36% of Hispanic voters.)
(CONT’D) In contrast, just 12% of white voters say they’ve taken a severe financial hit due to the virus.
AS FAR AS COVID + THE ECONOMY GOES:
- In Nevada, hit very hard by virus  
- no surprise, so dependent on tourism, hotels, casinos
- at worst point, 30% unemployed (April), one in three people unemployed.
- come down significantly since then (13.3%)
(CONT’D)
NBC News Exit polling: 48% voters say we need to contain, 47% say we need better to focus on rebuilding the economy.

COMPARE that to voters nationwide: 51% of Americans say it’s more important to contain the virus; 42% say they’d rather focus on rebuilding the economy.
AS FOR MARKETS
•Really been bouncing around.
•Dow Futures markets were down at one point, then back up
•Asian markets have also gone negative and then positive.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Stephanie Ruhle

Stephanie Ruhle Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SRuhle

26 Oct
THREAD: Dow is down 650 – WHY? Because of COVID resurgence.

Travel/leisure/hospitality – any industries that would be adversely impacted by additional lock downs & restrictions are getting hit the hardest.
Earnings have been improving – with expectations of strong GDP coming Thursday (strong GDP # is positive, but remember - we were under broad shut down mandates in Q2)
As we look at stocks tumble & Covid #'s rise, it is a key reminder that the economic recovery is 100% linked to the actual pandemic recovery.
Read 4 tweets
16 Oct
✔️ Trump town hall fact-check time!

Let’s break down the economic points President Trump made last night and explain why the false claims aren’t true.
Arguing that $400M isn’t much, his debt is just a bunch of mortgages on beautiful properties, saying he doesn’t owe $ to foreign entities, touting a V shaped recovery, companies are pouring back into U.S., that lenders asked him to borrow from them as a favor to them...
(CONT’D)
...saying he built the greatest economy ever...

NONE OF THE ABOVE IS TRUE
Read 8 tweets
8 Oct
THREAD: Money matters to voters, so what did we learn in last night's #VPDebate ?

Here’s a summary of what we heard, specifically the hits and misses on our very complicated economy ⬇️
Pence repeated the previously fact-checked claim that Trump turned the U.S. economy around.

FALSE: GDP was 2% & 2.3% under Obama, 2.5% under Trump. It was an economic expansion Trump made possible by the 2017 Corporate Tax Cut.
Pence says Biden will raises taxes on all Americans.

FALSE: Biden plans to partially repeal the corporate tax cut. Trump dropped the corporate tax rate from 35% - 21%.
Read 21 tweets
6 Oct
THREAD: It's time for another fact check. We're going to dig a little deeper into President Trump's messaging yesterday, where he essentially started tweeting: "Your 401k will be gone without me."
After Trump said this and the markets shot up, the White House and others tried to say it was because Trump was getting better.

That argument failed...markets were up on news of stimulus getting closer and they have tanked on the news that Trump pulled the deal.
The “he’s the economy guy” argument is growing weaker as small businesses face permanent closure without a relief bill extending more support.

Big businesses knows they will get hurt if consumers have less to spend (which they will without stimulus).
Read 7 tweets
6 Oct
THREAD: Comments by Fed Chair Jay Powell Are worth noting.

Despite all the Fed has done to keep markets afloat, he is very clearly urging Congress and the White House to save the real economy.

🚨THIS IS A “The Economy Is In Trouble” RED FLAG 🚨
This is very out of step for the Fed: an independent government agency that traditionally focuses on the financial system, not the economy.

Chairman Powell noted the inequalities in impact and recovery when discussing the economic developments and challenges ahead.
Powell said: “The burdens of the downturn have not been evenly shared. The initial job losses fell most heavily on lower-wage workers in service industries facing the public: job categories in which minorities & women are overrepresented."
Read 5 tweets
30 Sep
It’s time for a little bit of fact-checking.

THREAD: President Trump touted getting 10.4 million jobs back. He forgot to mention the 26 million people who are out of work, as well as the tens of thousands of small businesses on the brink of closing.
Big business isn’t doing all that well, either. Look at what happened yesterday:
We also often hear the president talking about how he built the greatest economy ever.

He literally cut corporate taxes in half, but didn’t cut anything for everyday Americans...leaving us with a $1.3T shortfall and forcing us to cut social programs.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!