Friday morning’s announcement from President Donald Trump about the GDP climb to 4.1 percent during the second quarter will have economists on both the right and left pontificating for days, perhaps weeks, and they will have to also pay attention to a new poll that finds increasing numbers of likely GOP voters gravitating toward him…and away from “average” Congressional Republicans.
A new Rasmussen survey released Friday reveals that 64 percent of likely Republican voters “say that when it comes to major issues facing the nation, their views are closest to those of the president. Only 20% of GOP voters say their views most closely align with the average Republican in Congress, while 10% align most with the views of the average congressional Democrat.”
That may be a signal for Republicans running for Congress to “get with the program or get out of the way,” as it were.
According to CNBC:
“Some economists worried that the jump in consumer spending for the April-to-June period may not be sustainable, adding to skepticism that the gains will continue.
“Personal consumption would need to keep up with this impressive pace to see a solid second half,” said Ian Lyngen at BMO Capital Markets.
Economists generally expect the trade war between the U.S. and China to temper further growth. Trump has slapped 25 percent duties on $34 billion worth of Chinese imports and has threatened $200 billion more. The administration also has put tariffs on steel and aluminum.
However, more recently the administration said it has made progress on trade agreements with the European Union.”
What does all that mean to the average voter? Perhaps not as much as a bit more take-home pay due to the Republican tax cuts, more jobs for more people coupled with low unemployment figures, and a sense that the guy in the White House is on their side for a change.
Importantly, the Rasmussen survey was taken days before the president’s GDP announcement, and the next several days may see how that plays out with voters by watching Rasmussen’s daily presidential tracking poll.
The polling group noted that, “Among all Likely U.S. Voters, 37% say their views most closely align with those of the president, while just 13% say their views are closest to those of the average congressional Republican. Thirty-nine percent (39%) say they align most with the average Democrat in Congress. Eleven percent (11%) are undecided.
“This is also the highest number of voters to relate most with Trump since his inauguration,” Rasmussen adds, “while the number who relate most to Democrats is at its lowest since that time.”
It could be an interesting, if not downright volatile, election season.