Americans are increasingly confident about the state of the U.S. economy, a new Bloomberg poll released Monday morning shows, but that confidence does not extend to the performance of President Donald Trump.
Fifty-one percent of those polled said they believe the stock market will end 2017 higher than it is right now, while 30 percent said they anticipate a lower finish. Fifty-eight percent of respondents said they feel they are moving closer to reaching their career and financial hopes.
But just 46 percent of those polled said they approved of Trump’s handling of the economy, while 47 percent said they approved of his record on job creation. Overall, just 40 percent of respondents said they approve of the job Trump has done as president. Fifty-five percent said they view him unfavorably and 61 percent said the nation is headed down the wrong path, both numbers that climbed 12 points relative to a Bloomberg poll taken last December.
The president’s net favorability rating was 41 percent in Monday’s poll, a nine-point dip relative to last December, when Trump was president-elect.
Trump’s rhetoric appears to have taken a toll on his standing among poll respondents, with 56 percent saying that his statements and actions have made them more pessimistic about the president. Last December, 55 percent said Trump’s statements and actions made them more optimistic about him.
Those polled also expressed skepticism that Trump will follow through on some of his most high-profile campaign promises. Just 30 percent said they think the president will successfully oversee the construction of a wall along the U.S.-Mexico border, while 67 percent predicted the wall will not be built. Just 43 percent said they expect the president to revive the U.S. coal industry and 47 percent said he will succeed in reforming the tax code.
On other campaign promises, respondents were more optimistic: 66 percent said they expect Trump to significantly cut government regulations, while 54 percent predicted the president will negotiate trade deals with foreign nations that are beneficial to the U.S. Fifty-three percent said they expect Trump to make good on his promise to deport millions of undocumented immigrants living in the U.S. illegally.
The president’s foreign policy also received low marks in the new Bloomberg poll, with just 40 percent expressing some level of confidence that he is representing the interests of the nation and not his own business interests when he deals with foreign leaders. Seventy-three percent of those polled said relations with Mexico have worsened under Trump, while 55 percent and 62 percent said the same of Germany and Cuba, respectively.
Trump has improved relations with the United Kingdom, 51 percent of respondents said.
The Bloomberg poll was conducted from July 8-12, with 1,001 adults nationwide via landlines and cell phones. The poll’s margin of error was plus-or-minus 3.1 points.