President-elect Donald Trump’s win last month didn’t just signal a new surge for Wall Street. A new survey shows that it also fired confidence in the U.S. economy by regular folks.
From Gallup: “U.S. Economic Confidence Index averaged +10 for the week ending Dec. 18, marking another new high in its nine-year trend.”
It is the fourth new survey showing growing confidence among Americans in Trump and the U.S. economy after his “Make America Great Again” campaign beat Democrat Hillary Rodham Clinton.
What does @realDonaldTrump do after securing #ElectoralCollege?
Enjoys celebratory dinner w/ some of @TeamTrump. https://t.co/T121qqFYtP pic.twitter.com/8SZCGW9snn
— Dan Scavino Jr. (@DanScavino) December 20, 2016
And the surge mirror’s Gallup’s survey of general confidence in “current conditions” among Americans.
The polling firm said that the findings suggest a “strong year” for Trump.
The new political course for the U.S. has spurred public confidence in the economy, but Americans also have other solid reasons to feel optimistic about the nation’s economic health. After a strong third quarter report from the Commerce Department and the lowest unemployment rate in over nine years, the Dow Jones industrial average flirts with a record-breaking 20,000 index score.
If Americans’ confidence persists or even increases in 2017, it could mark a strong first year for the incoming president. But it wasn’t long ago that Americans’ views of the economy were decidedly negative, and their confidence has been known to retreat in the midst of national political drama — serving as a reminder that confidence is fragile.
Paul Bedard, the Washington Examiner’s “Washington Secrets” columnist, can be contacted at [email protected]
