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Did sexism propel Donald Trump to power?

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AS DEMOCRATS COME to terms with their decisive loss, some have begun pointing fingers at a temptingly simple—and conveniently self-absolving—explanation: it was sexism. America is simply not ready to elect a female president, suggested several news outlets, as it became clear that voters had rejected a woman for the highest office for a second time. In the early hours of November 6th David Axelrod, a campaign strategist turned political commentator, said on CNN that anyone who claimed that sexism did not play a role in Ms Harris’s defeat was simply “wrong”. Patti Solis Doyle, who ran Hillary Clinton’s 2008 campaign, said to Politico that “the country is still sexist and is not ready for a woman president.”

Meanwhile, angry young women have taken to TikTok and other social-media channels to call on each other to emulate South Korea’s feminist 4B movement, which rejects sex and heterosexual dating, in retaliation against young men voting for Mr Trump. “The good news is that men hate us, so there’s no point in catering to them,” starts one video that quickly attracted over 1.3m likes. “No more kitty cat” for men, adds another.

Yet there is little evidence that Ms Harris lost because of sexism, and plenty that she did not. She suffered from structural disadvantages, including her ties to an unpopular presidency and perceptions of a bad economy, that had nothing to do with her sex. While a minority of Americans do hold overtly sexist views, including the idea that men are emotionally better suited for politics, they are clustered in Mr Trump’s base and so were never likely to vote for Ms Harris anyway. And at first glance, those states with a higher prevalence of sexist views (according to metrics devised by economists at the University of Chicago, Northwestern University and National University Singapore) appear to have been no more likely to have swung towards Mr Trump than states with lower levels of sexism.

Research suggests that the electorate, on average, is not influenced by a candidate’s sex when they enter the voting booth. A meta-study, by Susanne Schwarz, now of Swarthmore College, and Alexander Coppock, of Yale, found that some voters (particularly if they are Democrats or women) are slightly more supportive of hypothetical female candidates. And unlike Mrs Clinton, Ms Harris throughout her campaign managed to avoid one of the few things that studies suggest can measurably hurt a female candidate’s chances with male voters: emphasising the historical nature of her candidacy.

None of this is to say that Ms Harris did not face sexist attacks. T-shirts and caps sold at Trump rallies were emblazoned with “F*** Joe and the Hoe” and “Biden Sucks, Kamala Swallows”. A now-deleted ad, by Elon Musk’s PAC, repeatedly called her “a big old c-word”. After she was announced as the Democratic nominee, sexist language online surged, sometimes fuelled by Mr Trump himself. Google searches for Ms Harris with the word “bitch” rocketed, much as they did after Mrs Clinton announced her candidacy.

But gender can be both highly relevant in an election and yet not hurt the chances of a female candidate. One reason for the speculation that sexism influenced the outcome is that this election became seen as a “battle of the sexes”—stoked by comments such as J.D. Vance’s about “childless cat ladies”—and a referendum on women’s rights. Because of this, several analysts predicted that the gender voting gap could reach a new high as women flocked to Ms Harris and men to Mr Trump.

With only exit-poll data to go on, it is too early to draw firm conclusions. But clearly the central Democratic hope of mobilising women in unprecedented numbers did not materialise. According to early estimates, women did not make up a larger share of the voting population than in 2020, and there is little evidence so far to suggest that the gender gap widened. Damningly, there is plenty to suggest that women (at least modestly) pivoted to Mr Trump. Where in 2020 some 55% of women overall voted for Mr Biden, AP VoteCast estimates that in 2024 Harris’s share slipped to 53%.

It appears that one of the few groups with whom Ms Harris gained ground compared with Joe Biden in 2020 were white college-educated women. Her support among black women remained stable even as it slipped among Hispanic women (although a majority still supported her). As in 2020, a majority of white women seem to have voted for Mr Trump. Meanwhile, Mr Trump’s lead among white men appears not to have increased, but he did see meaningful bumps among Hispanic men and young black men.

What came of the Gen Z “gender schism”? In the final stretch of the election, Mr Trump and Ms Harris actively courted young men and young women, respectively. Before November 5th pollsters were divided on how much weight to give to the idea that young men and women were growing apart. This is the generation most likely to say they lie to loved ones about how they vote, so it is hard to know how honest they are with pollsters. The first exit-poll data paint a similarly mixed picture, and it is too early to say whether the youth gender gap widened. Although talk of radicalisation of all young men is overblown—about half still voted for Ms Harris—Mr Trump has been successful in appealing to grievances among large segments of this age group.

What is clear is that the (relatively) young did not save Ms Harris. Quite the opposite. Among the under-45s, according to AP VoteCast, the swing towards Mr Trump was similar among both men and women and much greater than the very marginal shift in the over-45s. Instead, young people are the group who have shifted farthest, regardless of gender or race. This is not the key variable for explaining Trump’s vote, it’s the key variable explaining the swing. For a party that had hoped to count on both a gender- and a youth-quake, that is damning.

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Donald Trump sacks America’s top military brass

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THE FIRST shot against America’s senior military leaders was fired within hours of Donald Trump’s inauguration on January 20th: General Mark Milley’s portrait was removed from the wall on the E-ring, where it had hung with paintings of other former chairmen of the joint chiefs of staff. A day later the commandant of the coast guard, Admiral Linda Fagan, was thrown overboard. On February 21st it was the most senior serving officer, General Charles “CQ” Brown, a former F-16 pilot, who was ejected from the Pentagon. At least he was spared a Trumpian farewell insult. “He is a fine gentleman and an outstanding leader,” Mr Trump declared.

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Checks and Balance newsletter: The journalist’s dilemma of covering Trump

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Checks and Balance newsletter: The journalist’s dilemma of covering Trump

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Germany’s election will usher in new leadership — but might not change its economy

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Production at the VW plant in Emden.

Sina Schuldt | Picture Alliance | Getty Images

The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides.

As voters prepare to head to the polls, it is now all but certain that Germany will soon have a new chancellor. The Christian Democratic Union’s Friedrich Merz is the firm favorite.

Merz has not shied away from blasting Scholz’s economic policies and from linking them to the lackluster state of Europe’s largest economy. He argues that a government under his leadership would give the economy the boost it needs.

Experts speaking to CNBC were less sure.

“There is a high risk that Germany will get a refurbished economic model after the elections, but not a brand new model that makes the competition jealous,” Carsten Brzeski, global head of macro at ING, told CNBC.

The CDU/CSU economic agenda

The CDU, which on a federal level ties up with regional sister party the Christian Social Union, is running on a “typical economic conservative program,” Brzeski said.

It includes income and corporate tax cuts, fewer subsidies and less bureaucracy, changes to social benefits, deregulation, support for innovation, start-ups and artificial intelligence and boosting investment among other policies, according to CDU/CSU campaigners.

“The weak parts of the positions are that the CDU/CSU is not very precise on how it wants to increase investments in infrastructure, digitalization and education. The intention is there, but the details are not,” Brzeski said, noting that the union appears to be aiming to revive Germany’s economic model without fully overhauling it.

“It is still a reform program which pretends that change can happen without pain,” he said.

Geraldine Dany-Knedlik, head of forecasting at research institute DIW Berlin, noted that the CDU is also looking to reach gross domestic product growth of around 2% again through its fiscal and economic program called “Agenda 2030.”

But reaching such levels of economic expansion in Germany “seems unrealistic,” not just temporarily, but also in the long run, she told CNBC.

Germany’s GDP declined in both 2023 and 2024. Recent quarterly growth readings have also been teetering on the verge of a technical recession, which has so far been narrowly avoided. The German economy shrank by 0.2% in the fourth quarter, compared with the previous three-month stretch, according to the latest reading.

Europe’s largest economy faces pressure in key industries like the auto sector, issues with infrastructure like the country’s rail network and a housebuilding crisis.

Dany-Knedlik also flagged the so-called debt brake, a long-standing fiscal rule that is enshrined in Germany’s constitution, which limits the size of the structural budget deficit and how much debt the government can take on.

Whether or not the clause should be overhauled has been a big part of the fiscal debate ahead of the election. While the CDU ideally does not want to change the debt brake, Merz has said that he may be open to some reform.

“To increase growth prospects substantially without increasing debt also seems rather unlikely,” DIW’s Dany-Knedlik said, adding that, if public investments were to rise within the limits of the debt brake, significant tax increases would be unavoidable.

“Taking into account that a 2 Percent growth target is to be reached within a 4 year legislation period, the Agenda 2030 in combination with conservatives attitude towards the debt break to me reads more of a wish list than a straight forward economic growth program,” she said.

Change in German government will deliver economic success, says CEO of German employers association

Franziska Palmas, senior Europe economist at Capital Economics, sees some benefits to the plans of the CDU-CSU union, saying they would likely “be positive” for the economy, but warning that the resulting boost would be small.

“Tax cuts would support consumer spending and private investment, but weak sentiment means consumers may save a significant share of their additional after-tax income and firms may be reluctant to invest,” she told CNBC.  

Palmas nevertheless pointed out that not everyone would come away a winner from the new policies. Income tax cuts would benefit middle- and higher-income households more than those with a lower income, who would also be affected by potential reductions of social benefits.

Coalition talks ahead

Following the Sunday election, the CDU/CSU will almost certainly be left to find a coalition partner to form a majority government, with the Social Democratic Party or the Green party emerging as the likeliest candidates.

The parties will need to broker a coalition agreement outlining their joint goals, including on the economy — which could prove to be a difficult undertaking, Capital Economics’ Palmas said.

“The CDU and the SPD and Greens have significantly different economic policy positions,” she said, pointing to discrepancies over taxes and regulation. While the CDU/CSU want to reduce both items, the SPD and Greens seek to raise taxes and oppose deregulation in at least some areas, Palmas explained.

The group is nevertheless likely to hold the power in any potential negotiations as it will likely have their choice between partnering with the SPD or Greens.

“Accordingly, we suspect that the coalition agreement will include most of the CDU’s main economic proposals,” she said.

Germany is 'lacking ambition,' investor says

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