There’s no denying that Kamala Harris’s ascent to prominence as the Democratic Party’s presumed nominee shocked her party, which had been bracing itself for a crushing loss with Joe Biden leading the ticket. Both in the political markets and the polls, she surged to the top in both political markets and polls.
In the days preceding the Democratic National Convention, Harris’s advantage in Polymarket may reach seven points. Harris would hold, if not grow, that advantage between the media’s unceasingly positive coverage and the convention’s coverage.
However, she no longer holds the lead she possessed prior to the conference. Not only has it vanished, but as of this morning, the third day of the convention, Donald Trump has once again taken the lead. Trump was up by one point on the convention’s second day. He now leads Harris by five points in the Polymarket as of this writing.
Rich Baris, the director of Big Data Poll, thought this was a remarkable change given the time.
It is only reasonable to wonder why this is happening during Kamala’s convention week. A significant portion of it stems from Kamala’s disastrous unveiling of her main economic program last week, which drew condemnation from all political camps.
Even within her own party, her most divisive proposal—a government prohibition on “price-gouging”—caused an outcry. Things got worse when Kamala attempted to explain how she would pay for her initiatives. Delivering one of her signature word salads, she kept saying that her plans would have a “return on investment,” as if the expenses would just fall out of thin air.
As if that weren’t enough, the Harris-Walz campaign declared on Monday that, should Harris win the election, he would increase the corporate tax rate to 28%. Harris is now advocating for a 25% tax on unrealized profits and 45% on capital gains from long-term investments.
Naturally, how many individuals are aware of the specifics of economic policy? The fact that viewers of Kamala’s Polymarket aren’t purchasing what the Democrats are offering may have a greater impact on her downfall. Despite the language of “hope” and “joy,” this conference has produced negativity and an unhealthy fixation on abortion that goes against the country’s majority.
Author: Blake Ambrose
