The Harris Effect: Why Bidens Exit Could Defy Inflations Impact on the Election

Initially, Biden trailed behind Trump in the polls, with voters unhappy about inflation and financial markets predicting a Republican victory. However, Harris replaced Biden as the Democratic presidential candidate and quickly surpassed Trump in the polls despite inflation remaining relatively unchanged. This raises the question of whether voters don`t blame Harris for inflation as much as Biden or if other factors are at play.

One theory is that voters hold the president more accountable for the economy than other incumbents. Another possibility is that Biden`s declining popularity is due to personal reasons rather than solely economic factors. Interestingly, Harris`s success suggests that a fresh candidate, unburdened by Biden`s baggage, might be advantageous for Democrats. This is further supported by the 2022 midterm elections where Democrats performed better than expected despite high inflation.