News Analysis
Amid an ongoing deluge of negative economic data, analysts and strategists looking at the field of potential GOP contenders for the nomination in 2024 say that the public is increasingly fed up with the state of the economy and is not really concerned with whether a candidate has run for or held high office in the past. Rather, they are far more interested in anti-establishment credentials and the ability to alleviate desperate economic conditions.
With inflation now at a 40-year-high of 9.1 percent, ongoing supply-chain problems, and official data on July 28 showing the country slipped into a technical recession with gross domestic product (GDP), a key indicator of prosperity, dropping 0.9 percent in the second quarter of the year on the heels of a 1.6 percent fall in the first quarter, the midterm elections in November are increasingly seen as a referendum on the incumbent party’s economic performance….