As we enter President Trump’s second year, it seems clear that his pursuit of conventional policies are beginning to take a toll on his popularity. The 2016 election was supposed to be a change election, but so far we have gotten nothing but the same old True Cons agenda.
Here are a few related news items:
First, the Dow Jones Industrial Average has rallied to 24,211 and is up 22% since a year ago as investors continue to reap a windfall from the Trump presidency:
“U.S. stocks mostly rallied on Monday, with major indexes hitting intraday records as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the U.S. tax code. However, the Nasdaq fell, pressured by declines in some large-capitalization internet names. …”
Second, the trade deficit is up 12% over a year ago as imports reach record highs. Tellingly, the trade deficit with China and Mexico has grown by 7% and 11% respectively:
“Trump often cites the U.S. trade deficit as a sign that America is losing to China, Mexico and other countries on trade. He uses it to justify renegotiating trade deals and slapping tariffs on other countries’ products.
And the president has promised repeatedly to cut the trade deficit. But so far this year, it’s only growing.
The trade deficit in goods and services was $463 billion from January through October, up 12% from a year ago, the Commerce Department said Tuesday. The United States has a surplus in services, such as banking, but a bigger deficit in goods, such as cars.
And the gap with Trump’s two favorite rhetorical trade targets, Mexico and China, is getting bigger. The overall trade deficit with Mexico is up 11% this year, and the deficit with China is up 7%. …”
Third, Dollar General is doing so well that it plans to open up 900 more stores next year:
“Investors sent shares in Dollar General higher Thursday after the company announced better-than-expected sales growth and plans to open 900 stores in 2018.
Why it matters: Dollar General avoided the struggles of the broader retail industry by focusing on poor, rural communities overlooked by Walmart, which are home to customers living paycheck-to-paycheck with limited access to credit cards …”
Fourth, President Trump’s poll numbers have fallen with almost every demographic since February. He is bleeding support with moderates and older blue collar White voters:
Trump’s approval rating has fallen from 78% to 61% with white evangelical Protestants, a key constituency of his base.
Now, only 41% of white voters approve of his performance, a 7% decline since February. ..
His support among white college graduates dropped by 5 % to 31%, while white voters without college degrees dipped by 10% to 46%.”
This is what a year of Trump’s Conservative Agenda has produced:
Strangely enough, the one group that has been unswayed is Hispanics. There has been a 10 point drop with older White working class voters, a 16 point drop with moderates and an 18 point drop with White evangelicals. President Trump’s black support has been cut in half.
Note: This is what happens when “the forgotten men and women of America” put you in the White House and your policies cater to the forgotten large donor.
I fulfilled my campaign promise – others didn’t! pic.twitter.com/bYdaOHmPVJ
— Donald J. Trump (@realDonaldTrump) December 8, 2017