Strong data. Bad vibes. Voters are judging Trump's economy by prices.
President Trump's economic data keeps getting stronger. His economic polling keeps getting worse by the day. Why it matters: The midterms are less than a month away, and the administration is circling the drain on voters' No. 1 issue. It may be too late to change that, but it's also not clear anyone has much of a plan to try. What they're saying: "If I say 'oh, people are wrong, the economy is…
President Trump's economic data has been improving, yet his polling numbers are declining rapidly as the midterm elections approach. The administration finds itself in a difficult position, struggling to address voters' top concern. Economic Council Director Kevin Hassett acknowledged the disconnect between public sentiment and economic facts, emphasizing that actions, not words, matter.
Despite solid economic growth, stable labor market, and rising wages, Americans are feeling pessimistic due to inflation outpacing wage growth. Inflation has become the primary focus for 91% of respondents when rating the economy. Public and private data show increased consumer spending, but 73% of those surveyed disapprove of Trump's handling of the economy.
The administration's strategy of promising large financial benefits, such as $5,000 checks and Medicare rebates, may not resonate with voters who prioritize their feelings over facts.
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