But Trump now may be seeing this advantage dissipate. His approval on the economy has seen a dramatic decline since the beginning of the year, and he’s lost his edge on the economy over former Vice President Joe Biden.
In July, these same polls give him a 49% approval rating to a 47% disapproval rating.
His declining economic approval rating is no doubt partially because he has become less popular overall. His net approval rating overall has declined about 5 points since January. Still, that’s only about a third of the decline in his economic approval rating.
Furthermore, a look at the data reveals that Trump is no longer the clear winner when it comes to who voters trust on the economy.
The bad news is that Trump isn’t winning on any of the major issues that are shaping the campaign.
He trails Biden by at least 10 points on coronavirus. He is down by closer to 20 points on race relations. And now he’s basically even on the economy.
There’s simply no record of a presidential candidate not leading on any major issue and still pulling out a victory.
Therefore, Trump’s goals in the final three months of this campaign are clear: If he can’t cut his deficit on the coronavirus, he must at a minimum get voters to think he is the better steward of the economy.
If the President doesn’t turn things around, the lack of an advantage on any of the major issues will almost certainly prove fatal for his campaign.