Economic optimism soars, boosting Trump's approval rating: CNBC survey

Economic optimism soars, boosting Trump's approval rating: CNBC survey

https://www.cnbc.com/2017/12/18/economic-optimism-soaring-helping-trump-cnbc-survey.html

Posted this in opinion since it is a poll result. This is for those that keep claiming that the world is coming to an end.

 

Boosting the economy by means of deficit spending isn't a new concept. It's Keynesian economics. You know, the kind Repubs think is recklessly irresponsible when a Dem is in the WH.

 

Really? What economic stimulus package has been passed?

 

I've said all along that as Trump economic policy takes hold and the economy booms Trump's poll numbers will go up. Democrats know this and that's why they have tried to stop him at every turn and why they are attempting to remove him from office before this happens. Too late, it begins.

• The CNBC All-America Economic Survey polled 800 adults across the nation.
• For the first time in at least 11 years, more than half of the respondents to the survey rated the economy as good or excellent.
• Forty-one percent expect the economy to improve in the next year, near a record.
• Forty-two percent of the job Trump is doing as president, up 4 points from the September survey, while 49 percent disapprove, down 3 points.

"The survey found that 42 percent of Americans expect their wages to rise in the next year, and 41 percent of homeowners see their home values going up, the highest level recorded since 2007. In 2011, while the country remained in an economic funk from the financial crisis, just 15 percent of homeowners thought their home prices would rise.

"2017 is the year that Americans finally put the recession behind them in terms of their attitudes about the economy, and it took a change in leadership" to make it happen, said Roberts.

Trump's approval rating has mostly been disconnected from the better economic data but that could be changing. With gross domestic product rising strongly the past two quarters and the unemployment rate remaining low, Trump's approval rating has jumped."

https://www.cnbc.com/2017/12/18/economic-optimism-soaring-helping-trump-cnbc-survey.html

 

The problem with trying to have a rational discussion with you folks is the difficulty in identifying when you are willfully ignorant and when you are trying to avoid the obvious.

 

Translation - none.

 

Well, I don't put much stock in polls, but yes, optimism about the economy has absolutely improved under Trump.

Now wait for the Trump haters (with no idea how the economy works) to start screeching about "which specific regulation did Trump pass to improve the economy???!??" and "it's all Obama Obama Obama I love Obama!!!!!" in 3....2....1....

 

Yeah keep ignoring the fact that the economy has been improving and breaking records since the recession.

 

So with this great economy, why do we need a deficit expanding tax cut mostly befitting the rich again?

Remember when conservatives pretended they cared about borrowing from our grandchildren and running up the deficit and debt?

Until 1/20/17. Hypocrites.

 

"Forty-two percent of the job Trump is doing as president, up 4 points from the September survey, while 49 percent disapprove, down 3 points."

Amazing!

 

Growth is good, more growth is better. Reducing taxes will promote more growth which will lead to higher tax revenues as more people get better jobs in more prosperous companies able to more efficiently compete in the world market.

 

"Had a sinking feeling about the economy of late? It may not be your imagination. Economic indicators have flashed yellow for much of 2016, and the latest jobs report shows further depletion of the work force and a dearth of job creation. That trend, says one major bank, may be attributable to President Barack Obama’s signature legislation.

Last Friday, the Bureau of Labor Statistics (BLS) released the worst jobs report in almost six years. The US economy only added 38,000 jobs, less than a tenth of the estimated 458,000 Americans who left the workforce. In fact, thanks to revisions made to the March and April reports, that exceeds the number of jobs created in the past three months (348,000) by more than 100,000. The workforce participation rate dropped back to 62.6 percent, near a 40-year low, and more than three full points below its level at the start of the recovery in June 2009 (65.7 percent).

Related: Get Ready for Huge Obamacare Premium Hikes in 2017

To call this a wide miss is an understatement. Economists had predicted a moderate jobs gain, with Reuters forecast. The unemployment rate dropped to 4.7 percent, but analysts widely noted that this was a result of the large exodus from the workforce. That included an increase of 130,000 among those who have left the workforce but still desire employment, outnumbering the jobs added in May.

The news on jobs might possibly be worse than even this indicates. An economist at Johns Hopkins called into question the seasonal adjustment calculations used by the BLS. Jonathan Wright recalculated the data and concluded that the economy had lost4,000 jobs. Instead of a three-month average jobs gain of 116,000 – well below the 131,000-jobs-added level needed to keep up with population growth at a workforce participation rate of 62.6 percent -- the three-month average was actually 107,000, and 114,000 for all of 2016.

On top of that, the second estimate of first-quarter GDP growth came in at an annualized rate of 0.8 percent, just short of contraction. The jobs market and the economy have both stalled. We have not experienced annual GDP growth above 2.5 percent in any year since recovery began in June 2009, making this the weakest recovery in the post-war period"

http://www.thefiscaltimes.com/Colum...Blame-Obamacare-Losing-So-Many-Full-Time-Jobs

 

By all means educate the dumb folks how it works.

 

Running up deficits is not better.

At least, that is what conservatives kept telling us.

Until 1/20/17. Hypocrites.

 

Prove it. This is a myth that has zero facts to back it up.

 

Ok, so which is it? Polls are fake and bad and don't matter, or they are super accurate and should be taken as real?

 

Kennedy and Reagan both proved it with their tax cuts and subsequent increase in tax revenues.

 

Regurgitated, irrelevant RW propaganda ^

Fact:

Full time:
Jan 2010: 110.613m
Jan 2017: 124.705m

Part time:
Jan 2010: 27.781m
Jan 2017 27.405m

Source: https://www.bls.gov/webapps/legacy/cpsatab9.htm

 

The shift is what's important here. Even with flawed and biased internals the numbers are moving.

 

Wrong. Bruce Bartlett (economic advisor to Reagan) explains this in his book. A number of other factors led to economic gains and he maintains that trickle down was a myth.

 

A big chunk of Reagan revenues was inflation. Real revenues fell after his tax cuts. Though they ultimately increased, that increase was nowhere near in the league of the increase in revenues after the Clinton tax increase in 1993, taking us from record deficits in the Reagan/Bush1 era to a budget surplus.

 

Depends on if the polls can be spun as pro Putin's puppet? What did I win? .

 

BLS numbers from "right wing propoganda"

"Last Friday, the Bureau of Labor Statistics (BLS) released the worst jobs report in almost six years. The US economy only added 38,000 jobs, less than a tenth of the estimated 458,000 Americans who left the workforce. In fact, thanks to revisions made to the March and April reports, that exceeds the number of jobs created in the past three months (348,000) by more than 100,000. The workforce participation rate dropped back to 62.6 percent, near a 40-year low, and more than three full points below its level at the start of the recovery in June 2009 (65.7 percent)."

 

Well, I ain't rich but I want my share.