Six in 10 Americans expect a recession and higher prices as Trump's approval rating slips
Source: Washington Post
President Trump is ending a tumultuous summer with his approval rating slipping back from a July high as Americans express widespread concern about the trade war with China and a majority of voters now expect a recession within the next year, according to a new Washington Post-ABC News poll.
The survey highlights how one of Trumps central arguments for reelection the strong U.S. economy is beginning to show signs of potential turmoil as voters express fears that the escalating trade dispute with China will end up raising the price of goods for U.S. consumers.
The poll also shows a schism between Americans continued positive ratings of the economy and fears of a downturn, with far more saying Trumps policies have increased chances of a recession than decreased it.
Trumps approval rating among voting-age Americans stands at 38 percent, down from 44 percent in June but similar to 39 percent in April, with 56 percent now saying they disapprove of his performance in office. Among registered voters, 40 percent say they approve of Trump, while 55 percent disapprove.
Read more: https://www.washingtonpost.com/politics/six-in-10-americans-expect-a-recession-and-higher-prices-as-trumps-approval-rating-slips-washington-post-abc-news-poll-finds/2019/09/10/d99f3408-d2d7-11e9-ab26-e6dbebac45d3_story.html
bucolic_frolic
(43,058 posts)and once consumers start to lighten up on spending, it's a mild snowball effect on the economy.
I'm liking our chances thus far. The House can make the case for impeachment, and our ticket can amplify that and run on a platform too. In that respect I agree, as usual, with the Pelosi posture - we must stand for something, even if platitudinal, in addtion to being the anti-Trumps.
Democrats as consumers: spend little. I'm scraping my closets, shelves, drawers. Doing things myself. If every Democratic household cuts even $50 a month, the impact on the economy is huge.
Cirque du So-What
(25,908 posts)Hero worship loses its appeal when your anointed one picks your pocket, huh?
joshdawg
(2,646 posts)I'm shocked, shocked I tell ya!
if needed.
Stuart G
(38,414 posts)unblock
(52,123 posts)he can get a sizable boost any time he wants by ending his tariff nonsense with a self-proclaimed victory.
any "deal" will do, even if it's just a return to the way it was.
IronLionZion
(45,380 posts)would take some more time so he may not get the results he wants before the election.
Firestorm49
(4,030 posts)as the old adage goes, if you throw enough shit on a wall, sooner or later some of it will stick. I believe that the constant bombardment of impending doom and gloom could be tempered by better, make that much better, leadership. The hardships about to be inflicted on the poorest among us could be made less painful if we had intelligent, not fricking stupid leadership in the White House.
TexasBushwhacker
(20,144 posts)The problem is that Trump's trillion $ tax cut for the wealthy and corporations means we don't have the money to, for example, pass bills to stimulate the economy and provide jobs.