President Donald Trump is not popular, despite the strength of the economy.
According to an analysis by Alexandre Tanzi and Rich Miller at Bloomberg, no president has ever been this unpopular when the economy has been this good.
Typically, a strong economy bodes well for the party in control at the time, but Republicans are having to fight to suppress displeasure with Trump and play up the great economy to voters as the midterms loom large.
According to a New York Times article by Alexander Burns and Kenneth Vogel, White House Budget Director Mick Mulvaney told Republican backers in a private meeting that they need to get voters to focus on the economy and not on Trump in November.
The economy is indeed performing the best it has in four years. Gross domestic product expanded at its fastest rate in four years in the second quarter of this year.
The American people are feeling the health of the economy, according to the Bloomberg Consumer Comfort poll, but they just aren’t feeling Trump.
“The economy booms, but President Donald Trump’s numbers are a bust,” Quinnipiac University pollster Tim Malloy told Bloomberg.
Trump is so unpopular that even Wall Street, the primary benefactor of today's strong economy, is challenging him.
JPMorgan Chase CEO Jamie Dimon said on Wednesday morning that he thinks he could beat Trump in an election, that he is as tough as Trump and that he is smarter than Trump, according to a separate Bloomberg report by Michelle Davis and Max Abelson.
Dimon has waffled on his opinion of Trump, at times praising his policies and at other times decrying his presidency.
Dimon retracted this Wednesday morning’s statement, but the sentiment is out there, and it underscores the mixed feelings the nation has on a good economy that came from what many feel is a bad president.
