Why Are the President’s Ratings Slipping?

President Trump’s Job Approval Ratings have been slipping in recent weeks.

Those who focus on politics tend to believe the shutdown is to blame. After all, polling consistently shows that most voters strongly believe that ending the shutdown is more important than securing funding for the border wall.

But there may be another explanation. Over the past several weeks, confidence in the economy has slipped significantly. Declining economic confidence rarely does anything good for any president’s ratings.

My gut reaction is that the economy is hurting the president’s ratings more than the shutdown. But, it is quite possible that the shutdown is driving down confidence in the economy. If that’s the case, economic confidence might improve when the shutdown ends. And, that would probably have a modestly positive impact on the president’s ratings as well.

 

Posted in Deeper Currents

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