WASHINGTON, D.C. (Texas Insider Report) — A Gallup Poll released earlier this week shows President Trump is now receiving the highest approval rating of any president in the last 20 years when it comes to his handling of the U.S. Economy. The survey found that 63% of the public backs Trump's handling of the economy, a 6% increase from the last poll taken in November 2019.
- It's the highest economic approval figure since President George W. Bush peaked at 72% in October 2001 during the immediate aftermath of 9/11.
- By comparison, President Obama saw support for his stewardship of the economy top out at 59% in February 2009, the first month of his presidency, according to Gallup.
A separate Washington Post-ABC News Poll released last week also found President Trump receiving strong support on his economic record so far. The Washington Post-ABC News Poll found 56% of respondents supported Trump's management of the economy, which is undergoing its longest expansion on record and continues adding higher quality jobs at a healthy pace.Confidence in the economy remains high among many Americans as it continues adding jobs and steadily expands, serving as a critical part of the president's re-election bid.
The same Gallup poll also found that his job approval rating stood at 49%, and just over half of Americans now view the Republican Party favorably.
The strong back-to-back poll results come at a pivotal time for President Trump, as he seeks to place the economy front and center for his 2020 Re-Election Campaign
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At Tuesday's State of the Union Address, themed "The Great American Comeback," the president drew attention to his economic record, an area where he's repeatedly drawing stronger support among Americans.
Under Trump, the stock market has locked in record highs, while unemployment has steadily fallen to record low levels for almost a year.
Critics argue that economic inequality worsened under the president's watch with the 2017 tax cuts, and bruising trade disputes that hurt farmers and American consumers alike.
