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August 20, 2024 | By William Osmulski
Policy Issues
Culture Economy

MacIver News Minute: Socialists Worry About the Economy Too

Inflation and the economy are by far the top issues for voters in 2024, but that doesn't mean they're flocking to the GOP for solutions. More than a third of Americans believe in socialism, which might explain why Harris is still ahead in the polls.

Since the last presidential election, the price of food has gone up 21 percent, so has rent. Electricity is up over 30 percent. No wonder inflation and the economy are the most important issues for voters this year.

A national poll conducted just last week found the vast majority of Americans think the country is on the wrong track, over half say the economy is getting worse. But don’t think for a moment that everyone understands why the economy is getting worse or how to fix it.

Remember, over a third of Americans believe in socialism. What are the chances that they understand that out-of-control federal spending is driving inflation? To them, kamala Harris’ plan of price controls and nationalizing whole sectors of the economy likely sounded music to their ears. And that poll from last week does have Harris ahead by two points.

Trump and the rest of the republican need to realize that just because the economy is really bad – doesn’t mean voters are going to automatically turn to them and the free market to solve it. They must be won over.

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