Would you believe that America is experiencing a new era of good feelings?
While America seems bitterly divided over many political questions, the rising tide of economic good feelings that swept America in the wake of the election of President Donald Trump shows no signs of abating. And there is widespread agreement among Americans that the Trump administration deserves credit for America’s economy.
The latest CNBC “All American Survey” finds that 30 percent of the public are both optimistic about the economy now and for the future, the second quarter in a row that present-future optimism scored so high. That’s the highest reading in the survey’s 10-year history. The previous high of 23 percent was hit in the March 2015 and December 2014 surveys.
Optimism about the future remains very high. Thirty-eight percent say the economy “will get better” in the next year. That’s down from 40 percent in April and 42 percent in December, suggesting some of the post-election optimism is slipping. But it is well above the 25 percent registered in October, prior to the presidential election. It remains higher than any point since December 2009, when America was in the throes of the Great Recession.
Similarly, the post-election surge of positive feelings about the current state of the economy has continued. Prior to the election, just 23 percent of Americans rated the economy “good.” That number rose to 31 percent in the December survey, to 36 percent in the April survey, and held steady at 35 percent in the latest survey. Those post-election numbers are the highest ever recorded in the survey.
Far fewer Americans rate the current state of the economy as “poor.” In the pre-election survey, 30 percent gave the economy a poor rating–a result largely consistent with those throughout the Obama administration. That number fell to 23 percent in December, fell again to 17 percent in April. In the latest results, just 16 percent give the economy a poor rating.