Does presidential politics depress California consumer confidence?

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Does presidential politics depress California consumer confidence?
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One California index of shopper optimism runs 7% lower in election years.

In this combination of photos, President Joe Biden speaks on Aug. 10, 2023, in Salt Lake City, left, and former President Donald Trump speaks on June 13, 2023, in Bedminster, N.J. ”Survey says” looks at various rankings and scorecards judging geographic locations, while noting these grades are best seen as a mix of artful interpretation and data.My trusty spreadsheet looked at the poll-powered results of the Conference Board’s index of statewide optimism, a benchmark that dates to 2007.

Economically speaking, nerve-wracking national politics chill the view of the future – and that anxiety can cut the urge to spend.California started the year in the most optimistic mood of these five election years, despite what looks to be a bruising political rematch between President Joe Biden and former President Donald Trump.

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