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Sunday, November 4, 2018

US Economy: Trump wants voters to think the US economy is booming – is it? - by Dominic Rushe

“We’re going to win so much, you’re going to be so sick and tired of winning,” Donald Trump promised on the campaign trail ahead of his election. And as the president faces his first midterm vote, the big test for Trump will be whether voters are sick of winning, or sick of him.

On many measures, the US economy has boomed under Trump. Unemployment is at lows unseen since the first moon landing, stock markets remain close to record highs, business confidence is up, trade agreements Trump has slammed as “unfair” are being rewritten. On Friday the government’s latest jobs report showed wages were rising at their highest rate since 2009.

If the Republicans come through in Tuesday’s vote and outperform expectations – despite Trump’s unpopularity – then no doubt a lot of pundits will be using the campaign quote coined by James Carville, strategist to Bill Clinton, to explain the outcome: “It’s the economy, stupid.”

Trump is pushing his hard line on immigration harder than his economic record. Polling shows economic issues become less of a factor when the economy is on a sound footing.

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