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Anonymous
Anonymous asked in Politics & GovernmentPolitics · 2 months ago

Why is Trump's approval so low when he has a seemingly good economy?

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  • A.J.
    Lv 7
    2 months ago
    Favorite Answer

    His composite approval never reached 50%. The measures of the economy do not show the true economic picture of Americans. The wealth of the US is highly skewed and the Republican tax cut went 85% to the rich. Even Trump at Mar A Lago told them "you just got a lot richer" after signing it. Money funnels UP, not down.

    "despite the fact that almost half of all households owned stock shares either directly or indirectly through mutual funds, trusts, or various pension accounts, the richest 10 percent of households controlled 84 percent of the total value of these stocks in 2016." Consistently it is proven that the wealthy control the corporations.

    The system is badly skewed to the rich. Any individual statistic can be explained, but my answers get so long, few read or understand. They don't teach macroeconomics in schools adequately until master's level of business education.

    The final Obama Federal Budget with Republican Congress was Oct 2016-Sept 2017.

    When the economy was weak after the 2008-2010 recession, with low revenue from taxes, the Federal government spent our way out and Trump was handed a fairly healthy economy, even if terribly flawed by the wealth skew. Trump cut taxes on corporations and rich people, and added tariffs which are middle class taxes.

    https://treasurydirect.gov/NP/debt/current

    12/31/2009 $12,311 Billion

    12/30/2016 $19,977 Billion  $1,095 billion per year, with recession and recovery

    12/29/2017 $20,493 Billion  $516 billion as mostly Obama final budget before tax cuts.

    current, 2/6/2020 $23,253 billion

    $3,516 Billion over 2.105 years = $1,607 Billion deficit/year.

    Military spend increased, medical costs rising

    This debt was a money transfer to the wealthy mostly.

    And, minimum wage, after average inflation, is 40% below January 1980.

    The rich people are doing fabulously. They got tax cuts and bought Federal bonds.

    The poor and middle class struggles still.

    Trump doesn't understand what Middle class and poor means even.

    This answer is long enough. To prove that numbers do not reflect the economy of two thirds of the country takes a lot more than people can understand. They are fooled by Trump.

    • A.J.
      Lv 7
      2 months agoReport

      Made a number error. 2/29/2017 $20,493 Billion  to 2/6/2020 $23,253 billion is 
      $2,760 Billion over 2.105 years = $1,311 Billion deficit/year. Republicans and Trump complained about the deficit under Obama, but it is increasing faster under Trump on average so far.

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  • oikoσ
    Lv 7
    2 months ago

    The economy is good if you look only at  the Dow. While borrowing trillions from China helps the stock market, it doesn't do squat for the GDP. The debt is up and so is the cost of living. Kudos to you for adding the word "seemingly".

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  • y
    Lv 7
    2 months ago

    Surprisingly high considering the media and the left have been bashing him 24/7, from before he even took office.

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  • 2 months ago

    The poll you cite seems to be an outlier poll.  Other recent polls have him 49%.   LOL

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  • 2 months ago

    Since Reagan, Republican candidates for president have run on promises of fiscal responsibility.  But every Republican president since Reagan has really blown out the budget.  Reagan tripled the entire pre-existing national debt, but he's a HERO among Republicans and every Repub since has wanted to be just like him.  Trump is no different.

    Anyone can live high off the hog for a little while if he doesn't mind going deeply into debt.  An economy based on debt is not a 'good economy'.

    I have to laugh when I hear Republicans talk about the horrible economy Obama left behind and how Trump has fixed it up. 

    Republicans also always promise tax cuts for everyone, but deliver them only to the very rich. Trump is no different.  Tax Cuts For The Rich and Corporations is the universal Republican prescription for every financial situation--good times or bad.  This has caused more and more concentration of wealth in the US for 40 years now.

    Ironically, only two presidents in the last 40 years have delivered on the two perennial Republican promises--reducing deficits and a tax cut for the middle class.  They were Clinton and Obama!

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  • Mandy
    Lv 6
    2 months ago

    A good economy does not mean that it’s good for individual families or people.  

    • Curtis 1911
      Lv 7
      2 months agoReport

      A good economy is better for individual families or people than an obama bad economy.

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  • 2 months ago

    Polls are a popularity contest. The people are VERY happy with what he has done, but now WHO he is. And, in the end, people are going to vote in their best interest regardless of whether they like the guy or not. And if they aren't willing to grit their teeth and do that? They won't vote at all, thinking it will save face to say, "I didn't vote for the guy." Yeah, you did. 

    No one in the Democrat field can beat President Trump and never in history has a President lost with an economy this strong. 

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  • 2 months ago

    Totally not true at all......Trumps average approval is at all time highs.

    President Trump Job Approval

    https://www.realclearpolitics.com/epolls/other/pre...

  • 2 months ago

    People don't believe Trump deserves much credit for the current state of the economy, and they don't like his policies on other issues.

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  • 2 months ago

    Did someone just open the door to your cave.

    49 % AP poll. And Climbing. Obongo was not

    any where near at this point of his time.

    • tribeca_belle
      Lv 7
      2 months agoReport

      Trump has never polled as high as 50%.  Most Americans don't like him.  President Obama was liked and respected. Citing the low points in his approval rating is just ridiculous without acknowledging the high points -- that Trump will never reach. 

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