Economic malaiseImmigration waveDemographic shiftsLate entryBiden baggage(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channel: As the dust just begins to settle on a brutal US election campaign, experts have highlighted key headwinds that contributed to why Kamala Harris failed to block Donald Trump from reclaiming the White House.Democratic strategist James Carville famously explained Bill Clinton's win in 1992 with the phrase "The economy, stupid! "People still (view) inflation as a problem, because they are not thinking of the year-over-year rate as economists do, but in terms of price levels," said Bernard Yaros, of Oxford Economics. "Much of this Democratic disaster can be laid at Joe Biden's feet. After a moment's hesitation, she said "there is not a thing that comes to mind. "The exchange turned out to be "disastrous" for the Democratic candidate, as David Axelrod, a former Barack Obama adviser, said Wednesday on CNN.Trump, who complained a run against Biden would have been easier, didn't miss his chance, playing the clip at his rallies and highlighting it in many television ads.

Source: Economic Times November 07, 2024 05:49 UTC