By a 2-to-1 margin, Americans are giddy about the economy, think it can only get better under Trump
The latest Gallup survey found that good feelings about President Trump’s economic reforms, creating a booming growth rate and real monetary improvements for nearly everyone, have helped him to sustain his highest approval rating at 49%, which “greatly increases Trump's chances of being re-elected.”
In the survey, 45% are satisfied with the state of the nation. It hasn’t been that high since 2005, shortly after former President George W. Bush’s second inauguration.
“Trump's elevated job approval rating comes at a time when Americans are increasingly positive about the state of the nation. The percentage who are satisfied with the way things are going in the U.S. had already improved from 36% to 41% in a Jan. 3-16 poll, before the rise in Trump's job approval rating in late January. The latest survey finds a further increase in national satisfaction, with 45% now satisfied, the highest since February 2005,” said the Gallup analysis.
It came with several other notable economic numbers that show American confidence in the Trump economy:
63% of U.S. adults rate current economic conditions as either excellent or good
Just 9% rate them as poor.
By 61% to 33%, people say the economy is getting better rather than worse.
Gallup's Economic Confidence Index, a summary of ratings of current conditions and whether the economy is getting better or worse, is +41. This is essentially the same as last month, but both readings represent a return o the prior high of +44 in October 2000.
It was the latest positive headline from Gallup for Trump, a string that started before the Senate trial on his House impeachment. It also comes as multiple polls show that the public believes that Trump will win reelection in the fall.
But as with much in American politics, the partisan split was huge.
Still, in its “bottom line” analysis, Gallup’s results indicate that key election factors are falling in place for Trump’s reelection.
Americans are more positive about the state of the nation than they have been in over a decade, and Trump and the GOP appear to be benefiting. Still, in this era of extreme party polarization, that puts his approval rating at 49%, as Republicans' already high ratings have risen further while Democrats' negative opinions of him aren't budging. Independents' ratings of Trump have improved, but they are still more likely to disapprove than approve of the job he is doing.
The significance of the trend is clear. An approval rating near 50% greatly increases Trump's chances of being reelected, a prospect that seemed unlikely with his approval stuck near 40% for most of his term.