Economic Satisfaction Climbs, Trump Approval Remains Stable

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Posted: Feb 20, 2020 10:00 AM
Economic Satisfaction Climbs, Trump Approval Remains Stable

Source: AP Photo/Evan Vucci

The Trump Administration received even more positive news this morning, via the latest Gallup poll. President Trump’s approval rating continues to climb in the wake of his acquittal in the United States Senate; this morning’s poll has his job approval at 49 percent. The survey also shows an increase in self-identified Republicans, and a decrease in self-identified Democrats:

Much of this overwhelmingly positive approval can be attributed to economic approval from consumers. Americans are satisfied with the majority of the Trump Administration’s fiscal and regulatory policies, and the approval of Speaker Pelosi's House of Representatives continues to plummet. From Gallup:

While Trump job approval and national satisfaction have improved since January, other measures are stable:

  • 63% of U.S. adults rate current economic conditions as either excellent or good. Just 9% rate them as poor.

  • By 61% to 33%, Americans 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 to the prior high of +44 in October 2000.

  • 23% of Americans approve of the job Congress is doing, matching January's reading, but down slightly from 27% in December.

Economic satisfaction will be a key asset for President Trump at the ballot box in November, and competing with the Trump economy will be an uphill battle for the eventual Democratic nominee.