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DSB's avatar

The NBER report on state's response to covid actually does have a party color to It's results. Published in the International Journal of the Economics of Business (paywall), but free here https://www.nber.org/system/files/working_papers/w29928/w29928.pdf.

There were six states that did not lock down with the rest of the country. All six had republican governors. A couple states, Utah and Florida, in relative quick fashion opened up as well. Those 8 states are all represented in the top 15, and 2 of which were ranked first and second. The result is clearer at the bottom of the ranking, with the worst ranked being New Jersey, DC, New York, New Mexico, California and Illinois.

In the Substack Silent Lunch, David Zweig concluded the best advice during covid was that if you felt sick, to stay at home. It seems all of our mother's from decades ago knew best.

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Librarian Capital's avatar

I agree with a lot of the criticisms of the Democrats above - like most investors I am socially liberal but economically pro-market - but there's a danger we just project our own views on why Harris lost.

For example, I agree that Biden's climate policies probably costed Harris votes; but I honestly don't think that many voters in Blue Wall states switched parties because of the tax on buybacks.

Taking a leaf from our experience with Brexit in the UK, I would say that voters are far more driven by emotions than by economics, and we probably all have an in-built hostility to peopple who don't look and sound like us. America First is a simple, powerful political message.

The corollary is Democrats should start stealing tricks from the Trump/MAGA playbook. Every policy should be packaged as populist and pro-USA. And drop the identity politics stuff that cost votes.

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