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Thread: Trump achieves what few presidents have: Strong economy, low approval ratings

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    Veteran Member aboutenough's Avatar
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    Trump achieves what few presidents have: Strong economy, low approval ratings

    It's hard to be as unpopular as President Donald Trump when the economy is going so well.Low unemployment, high consumer confidence, and a booming stock market typically boost presidential ratings. History shows that it takes a factor like an unpopular war to drag them down.


    Trump is defying those trends.
    Low unemployment, high consumer confidence, and a booming stock market typically boost presidential ratings. History shows that it takes a factor like an unpopular war to drag them down.

    Unemployment is 4.3%, matching a 16-year low. More than one million jobs have been created during Trump's tenure. The stock market has soared to record levels since his election.
    But Trump's approval rating stands at 36%, according to the latest reading from Gallup. A poll from Quinnipiac University put his approval rating at only 33%.
    "Imagine Trump's approval rating if we dip into recession, even if it's not his fault," said presidential historian Douglas Brinkley. "He'd be operating at 25%."
    Brinkley, a CNN presidential historian, said the strong economy is "a great talking point" for Trump. "It does buy a besieged president breathing room."
    Related: The CNNMoney Trump Jobs Tracker
    For sure, past presidents have suffered through lower approval ratings -- but typically when the economy was in trouble.
    Jimmy Carter's approval rating fell to 29% in 1979, the year before he ran for reelection. But unemployment was significantly higher, and climbing, as the economy was about to fall into recession. To make matters worse, the unemployment rate was coupled with high inflation. Economists combined the two readings to come up with the "misery index." That's not a term any president wants people talking about during their time in office.
    George W. Bush's approval rating fell to 25% in the wake of the meltdown in financial markets in fall 2008. His approval rating first fell below 40% in late 2005, as criticism mounted over the war in Iraq and his handling of Hurricane Katrina. The unemployment rate was 4.9% in December 2005.
    Lyndon Johnson's approval rating fell below 40% in 1968 as protests mounted against the Vietnam War. Harry Truman's popularity was hurt by public discontent over the Korean War.
    Trump's biggest problem right now is likely the continuing investigation into possible ties between his campaign and Russia, according to Brinkley. http://money.cnn.com/2017/08/04/news/economy/trump-economy-approval-rating/index.html

    Trumps approval rating is lagging because the Democrats are still mad about him winning and they are desperate to find a problem with Russia. When they don't find a problem and the economy is still booming they will look like fools all the more and insure Trump and the GOP stays in power for a very long 8 years. Do you think the polls are right despite the booming economy ?

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    Southern Strategy Liberal OldGaffer's Avatar
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    The economy was already doing well under Obama, Trump has done nothing to improve it, neither has the Republican Congress. Instead, he has alienated everyone except his #trumpcultists with his lies and obnoxious behavior. His agenda of tax cuts for billionaires and gutting healthcare for the poor is not making him any new friends...

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    You'll see what I can do Singularity's Avatar
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    It shows the electorate might be coming to the realization, at last, that the president has little to do with the day-to-day economy, unless he works hand-in-glove with Congress to obtain a spending or policy mandate that makes a real difference, and ought to be judged first based on his conduct in office.

    Trump obviously isn't working with anybody -- he screeched at them to kill Obamacare before leaving town and they just ignored him. That is the best sign that the polls are valid and meaningful, because members of Congress believe defying him entails few or no consequences.
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    Quote Originally Posted by OldGaffer View Post
    The economy was already doing well under Obama, Trump has done nothing to improve it, neither has the Republican Congress. Instead, he has alienated everyone except his #trumpcultists with his lies and obnoxious behavior. His agenda of tax cuts for billionaires and gutting healthcare for the poor is not making him any new friends...
    Exactly. He inherited a strong economy and a robust stock market. This is nothing like the shit sandwich Obama was handed in 2009. But I think it's funny that the OP thinks Democrats make up 2/3rds of the electorate.
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    Quote Originally Posted by OldGaffer View Post
    The economy was already doing well under Obama, Trump has done nothing to improve it, neither has the Republican Congress. Instead, he has alienated everyone except his #trumpcultists with his lies and obnoxious behavior. His agenda of tax cuts for billionaires and gutting healthcare for the poor is not making him any new friends...
    In general I agree. Obama's efforts caused the US to recover faster and better than most of the developed world from the last crisis.

    I will disagree somewhat, however. tRump has given investors joy with his intent to remove environmental and financial regulations as well as reduce taxes.

    And given the fact that the myth of trickle-down is so ingrained, another bout of irrational exuberance is starting to occur in the markets. (To borrow a phrase.) But, IMO, that lacks foresight on several fronts.

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    Veteran Member Dragonfly5's Avatar
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    Quote Originally Posted by OldGaffer View Post
    The economy was already doing well under Obama, Trump has done nothing to improve it, neither has the Republican Congress. Instead, he has alienated everyone except his #trumpcultists with his lies and obnoxious behavior. His agenda of tax cuts for billionaires and gutting healthcare for the poor is not making him any new friends...
    You know these simple minded leeches will attempt to credit Trump with Obama's successes again, it's all they got!
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    Bizarroland Observer Thx1138's Avatar
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    First off, Trump didn't "achieve" the economy...

    Thx
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    Veteran Member Czernobog's Avatar
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    Quote Originally Posted by Thx1138 View Post
    First off, Trump didn't "achieve" the economy...

    Thx
    Give it up, Thx. At least they're consistent. Every presidency comes with it's own reset button. Nothing that happened under the previous president has any effect on the current administration. that's why Obama got all the blame for an economy he didn't break, and why Trump is getting all of the credit for an economy he didn't fix.
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    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by Singularity View Post
    It shows the electorate might be coming to the realization, at last, that the president has little to do with the day-to-day economy, unless he works hand-in-glove with Congress to obtain a spending or policy mandate that makes a real difference, and ought to be judged first based on his conduct in office.

    Trump obviously isn't working with anybody -- he screeched at them to kill Obamacare before leaving town and they just ignored him. That is the best sign that the polls are valid and meaningful, because members of Congress believe defying him entails few or no consequences.
    You are making it sound like a blow out on Obamacare. If the traitor McCain had voted to repeal Obamacare, we would be looking at having a debate of a new law. Point is unemployment and the stock market are doing very well, the economy is booming. No reason for a President to have a low rating other then whats being manufactured by the left. The democrats don't want to work with Trump because they are mad they aren't in power.

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    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by OldGaffer View Post
    The economy was already doing well under Obama, Trump has done nothing to improve it, neither has the Republican Congress. Instead, he has alienated everyone except his #trumpcultists with his lies and obnoxious behavior. His agenda of tax cuts for billionaires and gutting healthcare for the poor is not making him any new friends...
    Yes, but if he is such a bad President the economy would be tanking right now. There is no good reason for his ratings to be low in a good economy other then people hurt from losing to Trump
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