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News / Opinion / Columns

Leubsdorf: Trump reelection tied to economy

By Carl P. Leubsdorf
Published: May 5, 2020, 6:01am

Until the COVID-19 pandemic, President Donald Trump counted on a surging economy to propel him to reelection. In a sense, he still does.

Hardly a day passes when Trump doesn’t predict that pent-up demand will ignite a new economic boom later this year.

But the president’s political problem is that the economy won’t likely surge enough, if at all, before Election Day, and that failure will shape the 2020 election agenda, along with the fallout from his mishandling of the virus that caused it.

Six months before Americans choose the next president, the deadly combination of health and economic crises threatens to make Trump the third modern president — along with Jimmy Carter and George H. W. Bush — to lose reelection due to an economic recession.

The issues are intertwined. A major factor slowing any economic rebound is the Trump administration’s failure to provide the massive testing needed to assure Americans it is safe for them to resume their normal lives.

Despite his efforts to blame the nation’s governors for any shortages, medical experts, state executives from both parties and public polls all fault the federal government for the shortage in materials to expand testing.

Polls show the public trusts governors more than Trump, and approval of the way he is handling the crisis has dropped to pre-pandemic levels, in part because a strong majority believes he failed to act decisively at the outset and doesn’t believe his repeated reassurances.

As a result, Trump trails Joe Biden, his presumptive Democratic rival, by an average of six points in the Real Clear Politics average, and even more telling, in every swing state where recent surveys were taken.

Trump supporters note Biden’s six-point margin resembles the seven points by which Hillary Clinton led Trump at this time four years ago. And Trump has every incumbent’s ability to use the presidency for political advantage, along with a massive financial advantage plus a far better organized campaign than four years ago.

Still, several factors suggest that current numbers may be more indicative of the projected result than the comparable ones in 2016. They include:

• Incumbent woes. Reelection bids are generally referendums on incumbents, and Trump is the first modern president whose job approval never reached 50 percent.

• A plague on both? In 2016, voters who disliked both candidates sided with Trump by a 3-to-2 margin, according to network exit polls. But the recent WSJ-NBC poll showed that situation reversed in 2020 with Biden leading 6-to-1 among voters who disliked both. That may reflect a tendency for voters to prefer change over more of the same.

• Straying seniors. In the NBC-WSJ poll, Biden led Trump by nine points among registered voters over 65, among whom Trump beat Clinton by seven points. A recent Quinnipiac University Florida poll showed seniors disapprove Trump’s handling of the crisis, a reversal from last month among those most vulnerable to the virus.

• Democrats united. In 2016, lingering hard feelings from the bitter Democratic nomination fight between Clinton and Vermont Sen. Bernie Sanders helped Trump.

The 2020 primary battle ended far sooner, without acrimony, though some Sanders supporters remain unreconciled. A recent ABC News-Washington Post poll showed 80 percent of Sanders voters already back Biden.

The presidential race is not the only current GOP worry. Independent analysts expect Democrats to hold the House and now give them a 50-50 chance of gaining the Senate, where they need a net gain of three seats if Biden wins.

Trump, who never stops touting his 2016 success, predicts he will win in a landslide. Some analysts believe he could again lose the popular vote and win an Electoral College majority.

But neutral observers are increasingly skeptical. Trump is in “an increasingly precarious position for reelection,” wrote National Journal’s Josh Kraushaar, calling current trends “more suggestive of a Democratic blowout than a second Trump term.”

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