Nate Cohn

@Nate_Cohn ↗

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Last Checked Dec. 14, 2020

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Fri Apr 24 18:07:31 +0000 2020

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Nate Cohn @Nate_Cohn

Now, I don't think you'd find anyone who argues that the only thing that matters is the rate of growth over the last month. But it is a tough case if you have a surging economy, over a short period, that's still bad in absolute terms. It's hard to know what that would feel like — PolitiTweet.org

Posted April 24, 2020 Hibernated

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Nate Cohn @Nate_Cohn

This would be so tough because it really pushes the limits of two general assumptions about the role of the economy : --Voters are fairly myopic, and focused on the most recent events --Rate of change matters far more than the absolute state of the economy — PolitiTweet.org

Posted April 24, 2020 Hibernated

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Nate Cohn @Nate_Cohn

It's not simply GDP matters and unemployment doesn't. It's that the rate of change matters. You can feel optimistic if you're convinced things are getting better, even if they're bad in absolute terms (FDR '36, as just one ex) https://t.co/DSqXNaAm5i — PolitiTweet.org

@Nate_Cohn An 11.7 unemployment rate in Q4 seems like it would matter a lot more than GDP

Posted April 24, 2020 Hibernated