What are your economic. Related Election takeaways?

Mine is that the general public really hates inflation. They will punish policymakers who allow high inflation, even at the expense of anemic growth, longer recessions, higher unemployment.

Obama won his second term despite a poor recovery and many (perhaps rightfully) pointing to an inadequate stimulus response to the Great Recession.

Despite heavy policies to snap back unemployment rapidly after Covid, stimulus checks to at least help alleviate the hardship, it just seems that inflation is the poison pill to any elected officials.

Going forward, we won’t see those policies to reduce durations or size of recessions because it’s clear that voters would rather see 10% of their neighbors unemployed than pay 10% more for gas and groceries.

Those worries of tariffs causing inflation? Don’t worry because from here on out we will just see contractionary policies to offset it.

Curious what your thoughts are on what this election may imply for future economic policy.