Thursday, July 30, 2020

Trump Losing the Economy

Up until the last month, Donald Trump maintained a slight advantage in public approval in handling the economy. But, it has slipped away, and RealClearPolitics now, in its aggregate poll, has Trump’s approval as 48 percent to 48 percent disapproval.

His problem is complicated by the negative rating in handling the virus, which RealClearPolitics places at 39 percent approval to 59 percent disapproval, or a negative 20 points. As recently expressed in the Wall Street Journal, there are “doubts about a growing economy and recovery due to the uneven public health response.” The Federal Reserve, for example, sees a deeper downturn and more difficult recovery unless there is more effective action.

What Trump has never understood, and it has cost him much public support, is the relationship between the economy and public health. His distrust of government and skepticism of science have been major handicaps in his ability to deal with a recession induced by a pandemic.

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