Trump has lost his economic edge over Biden
July 29, 2020. Summarized by summa-bot.
President Donald Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, Monday, July 27, 2020, for a short trip to Andrews Air Force Base, Md., and then on to Morrisville, N.C. to tour a biotechnology innovation center. (AP Photo/Andrew Harnik)
President Donald Trump's ace in the hole has been the economy. Even though a majority of voters have disapproved of his job performance overall during most of his presidency, more voters than not have given him a thumbs-up on the economy.
(CNN)President Donald Trump's ace in the hole has been the economy.
His approval on the economy has seen a dramatic decline since the beginning of the year, and he's lost his edge on the economy over former Vice President Joe Biden.
Trump's economic approval was at one of the strongest levels of his presidency at the beginning of the year.
He averaged a 56% approval rating on the economy in a January and February average of polls from ABC News/Washington Post, Fox News, NBC News/Wall Street Journal and Quinnipiac University.
His disapproval rating on the economy in these same polls was just 38%.
Trump's net approval rating on the economy (approval minus disapproval) has dropped from +16 points in January to just +1 point in July.
His net approval rating overall has declined about 5 points since January.
Biden actually does 2 points better than Trump when matched up on the economy in an average of the ABC News/Washington Post, Fox News and Quinnipiac polls.
Trump led on the economy in all three polls when the question was last asked by each pollster.
Trump even had a 12-point lead on the economy as late as May in CNN polling.
Any talk about the economy helps him relative to speaking about the coronavirus or race relations, where his net approval ratings are below -20 points.