Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
President-elect Donald Trump arrives to ring the opening bell at the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York.
Alex Brandon | AP
Americans say they are ready to support President-elect Donald Trump in his second term, with majorities giving the green light to some controversial promises made during the campaign trial. However CNBC All-America Economic Survey also, the public is turning on yellow and red warning lights on some parts of the Trump agenda.
Overall, according to the poll, 54 percent of the public is “comfortable and willing” to support Trump as president. Two points less since he took office in 2016. About 41% are not comfortable, five points more than in 2016. So, in this election compared to 2016, despite winning the popular vote, Trump takes office for the second time with slightly less. net help in questioning.
“In 2016, there were more people who said, ‘I’m not sure,’ and took a wait-and-see approach,” said Jay Campbell, a partner at Hart Research, the Democratic pollster. survey “Those numbers have dropped by half or more … People know what to expect with Donald Trump now.”
The nationwide survey of 1,000 people was conducted between December 5 and 8. It has a margin of error of +/- 3.1%.
According to the poll, 60% say that sending the military to the border to stop illegal drugs and human trafficking should be a 2025 priority for the new administration, while 13% said it should still be done, but at a later date. Only 24% strongly oppose the proposal, including 51% of Democrats, 12% of independents and 3% of Republicans. Most Americans also support cutting individual taxes, increasing deportations of undocumented immigrants, reducing the size of government, drilling for more oil on federal lands, and reducing taxes and regulations on businesses.
Where the potential agenda is more contentious, most clearly, is in President-elect Trump’s plans to pardon those convicted of crimes during the Jan. 6 protest. Only 43% support the move, while 50% oppose it, including 87% of Democrats, 46% of independents and 18% of Republicans. It’s the biggest Republican opposition issue. Support for the tariffs is also more lukewarm, with 27% fully supporting them and 24% saying it can be done at a later date. 42% of the respondents were against it.
Americans are generally happier about the economic prospects for Trump’s second presidency than they were for the first. More than half, or 51%, say they hope to improve their personal economic situation, 10 points more than when they were elected in 2016; the same percentage, 51%, also say they expect the US economy to improve, 5 points more than in 2016.
There were also gains in the percentage who think they would be worse off, suggesting that Trump is even more polarized than in his first term.
President Biden, on the other hand, leaves office with Americans relatively weak on the economy. 25% think the economy is excellent or good and 73% think it is fair or poor. Biden’s latest economic approval rating is 36%, with 58% disapproving. His -22 net positive rating is an improvement from his worst numbers in 2022, but it’s still very negative and a far cry from the +5 when his tenure began.
But Americans are considerably more hopeful about the economic outlook, fueled by Republican enthusiasm after the election. 46% of citizens expect the economy to improve next year, nine points more than in October, driven by a shift from pessimism to optimism among Republicans (and, to a lesser extent, independents). At the same time, 33% say the economy will get worse, up 16 points and driven by the worse views of the Democrats.
“Trump is entering his second term with a more sour mood about the economy today, but an optimistic attitude about the future,” said Micah Roberts, a partner at Public Opinion Strategies, a Republican pollster.
With 40 percent of the public saying now is a good time to invest in stocks, and 27 percent saying it’s a bad time, the most positive Americans have been on stocks since 2019. 2 years when Americans have been neutral and very negative on stocks. It was fueled by a complete about-face by the Republicans in the stock market in the run-up to the election. It is now 56 points more positive than August which is a good time to invest in stocks.
Separately, the survey also found that while cryptocurrencies may be the hottest thing on Wall Street, that’s not true on Main Street, at least not yet. The survey shows that between 13% and 15% of public crypto holders now say it is the best investment. It’s up 4 points since we last asked the question in 2022, but it’s well behind real estate, stocks, gold and even savings accounts in the competition for the best investment. Only 7% of the public say they would accept their wages in crypto, but another 22% said maybe sometime. Slightly more than three in five, or more than 61%, will never accept their salary in crypto.
A third of crypto-owners are in the youngest cohort, between the ages of 18 and 34. Only 9% are 65 or older.