Trump’s economic approval craters — and even Fox News allies are getting impatient. But this key figure could save him
President Donald Trump's economic approval has plummeted, with even some of his staunchest supporters growing impatient. Fox News host Ainsley Earhardt recently admitted that Trump supporters desire a recovering economy and lower gas prices. However, JPMorgan remains bullish on gold, predicting it could reach $5,000 per ounce by the fourth quarter.
The White House's economic pitch hinges on the economy, yet recent polling indicates a deterioration in Trump's economic approval. His approval rating for handling the economy has dropped from 40% to 32%, according to a new AP-NORC poll. A Fox News poll from July echoed this sentiment, with just 33% approving, while 67% disapproved.
The disapproval of Trump's economic decisions is no longer a temporary issue but a persistent problem for the White House. Inflation has caused financial hardship for many households, with 75% of voters reporting financial strain, including 34% considering it serious. Despite a slight cooling of inflation in July, gas prices remain a significant burden, averaging $4 per gallon.
GOP voters remain optimistic about an economic improvement over the next year, but Democrats and independents are less confident. The economic disconnect could impact the midterm elections, with Democrats holding a slight edge in handling the economy, inflation, and income inequality. However, the White House's optimism may not translate to voter confidence if everyday costs continue to burden households.
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