After analyzing both the economic trends and key political factors, here’s a comprehensive look at why Kamala Harris has the 2024 election economic edge

Economic Performance and Stability:

• Strong Economic Growth: Under Biden, the economy has demonstrated resilience, with real per capita GDP growth averaging 3.43%, outperforming the pre-pandemic growth during Trump’s presidency, which stood at 2.53%. Despite the challenges faced, the current administration has shown a stronger recovery path.
• Stock Market Gains: The S&P 500 reached new heights, currently around 5,100, surpassing the highest points of Trump’s term, while the NASDAQ has continued its rise beyond 15,000, indicating investor confidence in the economic direction taken under Biden and Harris.
• Job Creation and Manufacturing: Claims of a “manufacturing resurgence” under Trump don’t match reality. Manufacturing jobs were in decline, and job creation saw major setbacks even before COVID-19. In contrast, the Biden administration has seen a more significant recovery in both job growth and manufacturing stability.

Inflation, Gas Prices, and Income Inequality:

• CPI and Inflation While inflation spiked in the aftermath of the pandemic, reaching a high of 9.1% in 2022, it has been steadily stabilizing and now stands at around 3.0%. Comparatively, the current inflation rates are only about 1% higher than pre-COVID levels.
• Gas Prices: Although gas prices peaked above $5 per gallon in 2022, they have since moderated, and recent figures show a gradual decrease. When adjusted for inflation, current prices align more closely with trends observed over the last decade, despite being higher than during the pandemic lows.
• Gini Index and Income Inequality: The Gini index, which measures income inequality, initially rose under Biden but showed signs of decreasing in 2022, marking the first decline since 2007. This points to progress toward a more equitable economy, countering concerns that income inequality would worsen.

Political and Social Factors:

• No Major Scandals: Unlike some previous administrations, there have been no major scandals directly involving Kamala Harris, which works in favor of maintaining public trust.
• Handling of Foreign Affairs: The Biden administration’s management of the Russia-Ukraine crisis and its ability to maintain unity within NATO has shown the capacity for effective foreign policy, even though challenges like the Afghanistan withdrawal were a setback.
• Immigration and Crime: Despite exaggerated claims of an “invasion” at the southern border, the actual data shows that apprehension rates under Biden have remained consistent with Trump’s term, and violent crime rates continue to trend downward. There hasn’t been an unprecedented crime wave, as some narratives suggest.

Stability and Charisma:

Kamala Harris offers a sense of continuity and stability, building upon the policies and recovery efforts of the current administration. While Trump maintains a dedicated following, Harris presents a more balanced and steady leadership style that appeals to a broader base of voters seeking economic stability and progress.

Conclusion:

With the economy showing resilience, job growth on the rise, inflation stabilizing, and income inequality beginning to improve, all signs currently indicate that Kamala Harris has the economic edge in the 2024 election. As of today, the combination of her leadership and the positive trends in key areas gives the Democrats a notable advantage.

Stay tuned for more updates as we continue to break down the facts and figures that matter most in this election!