Politics: For first time, more voters see economy fading than improving under Trump - - PressFrom - US

PoliticsFor first time, more voters see economy fading than improving under Trump

19:55  28 august  2019
19:55  28 august  2019 Source:   thehill.com

Trump adopts familiar mantra on possible recession: fake news

Trump adopts familiar mantra on possible recession: fake news President Trump and his advisers are adopting a familiar mantra when it comes to mounting concerns about the economy: It's all fake news. © Getty Images Trump adopts familiar mantra on possible recession: fake news Trump has dismissed concerns over a possible recession and accused the press of manufacturing a crisis and "doing everything they can to crash the economy" so he doesn't win in 2020. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); "I don't think we're having a recession.

President Trump and former President Obama both claim credit for the economy . With midterm elections less than two months away, voters ' impressions of who deserves credit for So Hassett is arguing that conditions since Trump was elected are significantly different than conditions were before.

[ Trump owns the economy now, for better or worse]. American factories aren’t grinding to a halt. Most economists say credit for the recent rebound in manufacturing lies less with Mr. Trump than “I look at it as more of a self-fulfilling prophecy.” It isn’t clear whether blue-collar voters will hold Mr

More voters for the first time say the U.S. economy is getting worse than better since President Trump's election amid rising recession fears, according to a new poll.

For first time, more voters see economy fading than improving under Trump© Getty Images President Trump has responded to recession fears by blaming Democrats and the Fed.

In the Quinnipiac University poll released Wednesday, 37 percent of respondents said the U.S. economy was deteriorating, 31 percent said it was improving and 30 percent said the forecast was holding steady.

The new numbers show a significant slide in voters' confidence in the economy after two months of escalating trade tensions, slowing global growth, a U.S. manufacturing recession and a flight to safety in financial markets.

Trump says White House looking at payroll tax cut

Trump says White House looking at payroll tax cut President Trump on Tuesday confirmed the White House is discussing a temporary payroll tax cut as a strategy to boost the economy, even as he maintains the country's economic outlook remains strong."I've been thinking about payroll taxes for a long time. Many people would like to see that," Trump told reporters in the Oval Office during a meeting with the Romanian president.He added that the administration is also looking at doing something on the capital gains tax, but cautioned that nothing has been decided.

A whopping 48 percent of respondents to new poll say they are in favor of impeaching the president.

Is the US economy under President Trump the best it's ever been? "The post-War era saw tremendous economic growth, most notably in manufacturing, but also in Mr Trump 's supporters argue that his corporation tax cuts along with his US-focused policies, his clampdown on bureaucracy

A Quinnipiac poll conducted in June found that just 23 percent of voters said that the U.S. economy is getting worse, while 39 percent said it is getting better and 37 percent said it is staying the same.

"As trade tensions with China dominate the headlines, confidence in the economy is slipping," said Quinnipiac University polling analyst Mary Snow on Wednesday.

"The number of people who think the economy is getting worse rose by double digits since June," Snow noted.

Fading confidence in the economy could be a major obstacle for Trump, who is depending on a strong job market and solid U.S. growth to garner support from swing voters in the 2020 presidential election.

While Trump remains widely unpopular beyond his base, his handling of the economy receives higher marks from voters than any other aspect of his presidency. Voters disapproved of Trump's performance as president by a 56 to 38 percent margin, according to the poll, but only disapproved of the president's economic policy by 49 to 46 percent.

As economic warning signs flash, Trump, Democratic rivals recalibrate messages

As economic warning signs flash, Trump, Democratic rivals recalibrate messages President Donald Trump is test driving a new message on the economy: Any chance of a recession is not his fault. But Democrats seem to be saying "not so fast." Trump has moved from touting positive economic indicators since his 2016 election to now trying to blame someone else for a possible economic slowdown, while his advisers and officials are scrambling to insist there is nothing to worry about. From the moment he was elected, Trump took credit for the strong economy. Until early 2019, advisers saw it as the biggest selling point for his campaign to be reelected president in November 2020.

President Donald Trump is more than 19 months into an administration engulfed in so much controversy that it may overshadow a tremendous achievement, namely an economic boom uniquely his. During his time in office, the economy has achieved feats most experts thought impossible.

During President Trump ’s time in office so far, the American economy has improved sharply, with The public’s rating of the economy has improved sharply as well. But Trump ’s job approval has barely changed at One reason old political rules stop working is that one generation of voters has different

Even so, the mounting costs of Trump's trade war with China have damaged his leading argument for reelection. Forty-one percent of poll respondents blamed the president's policies for damaging the economy, the highest level since Trump took office.

The U.S. economy is still holding strong despite fading domestic business investment and economic retractions in Europe and Asia. Unemployment remains at a near-record low of 3.7 percent, the economy grew by a decent 2.1 percent annualized rate in the second quarter and consumer spending has remained strong.

Trump and his top allies have responded to recession fears by touting strong domestic numbers and deflecting blame for the souring outlook to frequent scapegoats. The president has accused Democrats, without evidence, of trying to cause a recession to sabotage his reelection and ramped up pressure on the Federal Reserve to match ultra-low European interest rates.

"Our Federal Reserve cannot 'mentally' keep up with the competition other countries. At the G-7 in France, all of the other Leaders were giddy about how low their Interest Costs have gone," Trump tweeted Wednesday.

"Germany is actually 'getting paid' to borrow money ZERO INTEREST PLUS! No Clue Fed!" Trump continued, touting a German economy that shrunk in the second quarter of 2019.

The new Quinnipiac poll of 1,422 registered voters, conducted from Aug. 21 to 26, has a margin of error of 3.1 percentage points.

Read More

Poll shows Biden, Sanders beating Trump in battleground Wisconsin.
Former Vice President Joe Biden leads President Trump by nine points among Wisconsin voters while Sen. Bernie Sanders (I-Vt.) leads by four points, according to a new Marquette University Law poll released on Wednesday. Fifty-one percent of voters in the state said they supported Biden, while only 42 percent voiced support for Trump, according to the survey.The same survey found that Sanders led Trump by four points, or 48 percent to 44 percent. Meanwhile, the president is neck-and-neck with Sen. Elizabeth Warren (D-Mass.), with both receiving 45 percent support. Trump was also tied with Sen. Kamala Harris (D-Calif.), with both coming in at 44 percent support.

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