The University of Michigan’s survey of consumers showed higher than expected consumer sentiment Friday, reaching 81.2 when it was only expected to be about 80.5.
The average of the entire Obama administration over the eight years he was in office was only 79, so President Donald Trump’s rating is higher even with the coronavirus outbreak over the last six months or more.
“Slowing employment growth, the resurgence in COVID-19 infections, and the absence of additional federal relief payments prompted consumers to become more concerned about the current economic conditions,” survey chief economist Richard Curtin said. “Those concerns were largely offset by continued small gains in economic prospects for the year ahead.”
The part of the poll about the presidential race showed Biden with a 7-point lead over Trump in who participants think will win, but Independents favored Trump by two to three points.
Most recent polls have been missing the methodology, so it’s difficult to tell how large Biden’s lead really is. But when you look at both candidates’ rallies, it’s really hard to believe that Biden has enough enthusiasm to beat Trump.
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