The Trump Effect: 83% of Executives Say, “US Business Is Booming”
The Trump Effect has US businesses doing better now than it was 2 years ago, according to 83% of executives surveyed in the The Zogby Poll from Zogby Analytics, and more than 75% see more high times ahead.
“An overwhelming majority [83 percent] of respondents said business is doing better compared to two years ago,” Jonathan Zogby’s Zogby Analytics reported.“Whether this sentiment is the result of actions put forth during the Obama presidency or Trump presidency is up for debate and will be divided along partisan lines, but at the moment there is momentum building in the US economy.
“At the moment, the economy of the United States is humming, though there are many problems that lurk ahead, such as a recession, interest rate hikes, and an untoward amount of federal debt. But right now consumers are confident and the psychology of financial markets is one that has a positive outlook.”
Also, 76% of executives surveyed expect the economy to continue “growing” next year, compared to just 11% who anticipate “contracting” and 13% expecting to “remain the same.”
Despite the good economic times triggered and bolstered by The Trump Administration which have featured GOP-passed tax cuts, some poll are saying that Democrats are preferred over Republicans in November midterm elections. They are the same polls that had Hillary R. Clinton winning the Presidency by a landslide in Y 2016.
In the poll Democrats hold a 4 point edge in the respondents’ belief they support business more (38%) than Republicans (34%p).
“This is traditionally not the best way to assess the outcome of the midterms and each party’s chances, but business sentiment is with the Democrats, small, medium, and large-sized businesses say they will vote Democratic,” Zogby Analytics report.
“This was especially true of medium size businesses, with 500-1000 employees, who were much more likely [56%] than small businesses [43%], and large corporations [43%] to vote Democratic.”
The study’s sample size and margin of error were not reported.
This report is very counter intuitive from where I stand, as the Democrats that are business people are not the far left people that have emerged as today progressive socialists. I expect them to voted Republican in the midterms.
- Russell 2000 +13.4% YTD
- S&P 500 +8.5% YTD
To our American readers, have a solemn and respectful Memorial Day