Showing posts with label Larry Kudlow. Show all posts
Showing posts with label Larry Kudlow. Show all posts

Thursday, October 17, 2024

Religion Unplugged story about how politics influences US Protestant pastors' perceptions of church budgets completely misses two data outliers in 2018


 

 Pastors Paint Poor Picture Of Economic Impact On Churches

“Overall, pastors’ perceptions of the economy’s impact on their churches are statistically related to the pastor’s own politics. Since both politics and economics are external factors to a local church, it is not surprising that the influences become combined for some,” said McConnell. “More surprising is that pastors report actual offerings which fit these differences in political leanings.”

In 2018, under Donald Trump, an astounding 45% (green), a record high in the data going back to The Great Recession, said the economy was having a positive impact on church budgets, and an equally astounding 14% (blue), a record low in the data, said the economy was having a negative impact. 

It's right there in the graph, but it goes completely unremarked.

Political differences in any other year notwithstanding, 2018 looks like an amazing year of consensus among US Protestant church pastors from both sides of the political aisle, agreeing that things were pretty damn good. 

2018 had marked a notable shift for the Trump presidency, which wasted its first year in office trying to repeal Obamacare and quickly pivoted to the economy, which Larry Kudlow famously wanted front-loaded in 2017 instead of the healthcare issue. Almost immediately in 2018 the Trump administration began talking about an economic boom in the wake of the passage of its tax cut package late in 2017. And if you paid attention to the conservative media, the narrative built into a crescendo in 2018 so that by September of that year even Noah Smith, no right winger, for Bloomberg was talking about it as an actual fact.

Was it? 

If you and your kin had suffered under the effects of the 2009 crisis, which just went on and on and on under Barack Obama, it sure seemed like it. The end of the drought for these people, who were dying of thirst, was deeply felt, and explains why the memory of what happened to them continues to exert such a powerful influence on support for Donald Trump in 2024. Barack Obama and the Democrats did little for them. That is how we got here.

In relative terms in comparison with past booms, however, there were many indicators which were improving but were not really stellar, and some not really improving at all, including on both fronts full time jobs, wage growth, GDP growth, new home sales, housing starts, average age of vehicles on the road, road travel, growth of not in labor force, inventories, and industrial production. To critical thinkers, the economic boom narrative seemed exaggerated.

But perception is everything, and it's NOT surprising that the story missed that. Elites specialize in overlooking the little people.

No one understands the appeal of Donald Trump except all the millions he has helped, clinging to their guns and their religion.

 


   

Friday, July 22, 2016

That didn't take long: Just four months ago Camille Paglia predicted Ted Cruz' career would end in disgrace

On Wednesday night Ted Cruz was booed off the stage at the Republican National Convention for failing to throw his support behind Donald Trump.

Now many, including Larry Kudlow here, are saying his career is finished:

I was in the convention hall and the crowd's reaction was unbelievable. It started out as a few hands waving in the air and some booing and then it just grew and grew throughout the entire convention hall. And then boom! It was absolute bedlam.

I've been to most of the GOP conventions since 1980, and I've never seen anything like it. These people stood on their feet and booed. These are Republicans! They don't do this. They don't know how to stand up and boo! And yet, Cruz so divided them and worked them into such a frenzy that it happened.

Cruz tried to pass it off as just the New York delegation acting up. But that is wrong. The whole hall was in an uproar. You couldn't even hear the last two paragraphs of Cruz's speech because the booing had reached such a crescendo!

Cruz left an absolute disaster in his wake when he finished that speech. ... Ted Cruz will never politically recover from this. His delegation from Texas wanted him to play ball with Trump - and he wouldn't. He was freelancing in that speech. And that is why his political career is over. He's finished.



Paglia's prediction noted here.