Substantial doubts have been raised about former US President Donald Trump's economic record, according to a New York Times/Siena poll that found even some Republicans are losing faith in his economic policies. The poll, which was conducted on September 6-9, surveyed over 1,200 adults and found that 57% of Democrats and Democratic-leaning independents said they were more confident in the economy under President Biden than under President Trump, while 44% of Republicans and Republican-leaning independents said the same. The poll also found that 55% of Americans said they were more confident in the economy under President Biden, while 41% said they were more confident under President Trump.
The poll's findings are significant because they suggest that Trump's economic record may be a liability for Republicans in the upcoming midterm elections. The polls have long been a key indicator of public opinion on economic issues, and a decline in confidence in Trump's economic policies could hurt Republican candidates who are trying to appeal to voters. The poll also found that Trump's economic policies have been a major issue in the 2024 presidential campaign, with many Republican candidates trying to distance themselves from his record.
The New York Times/Siena poll was conducted by a team of researchers at Siena College, a private liberal arts college in New York. The poll used a random sampling of adults from across the country and asked questions about a range of economic issues, including the economy, jobs, and healthcare. The poll's findings were based on a margin of error of +/- 3.1 percentage points, which means that the results are statistically significant but not definitive.
The New York Times/Siena poll's findings have significant implications for companies and research communities that are interested in understanding public opinion on economic issues. For example, companies that are trying to appeal to voters with economic messages will need to take into account the poll's findings that 55% of Americans are more confident in the economy under President Biden than under President Trump. Research communities will also need to take into account the poll's findings, as they can inform the development of economic models and forecasts.
The poll's findings also have implications for markets and policy environments. For example, the decline in confidence in Trump's economic policies could lead to a decline in stock prices and other financial markets. Policy makers will also need to take into account the poll's findings, as they can inform the development of economic policies and programs. Companies that are affected by the poll's findings will need to take into account the implications for their businesses and investors.
One company that will need to take into account the poll's findings is Goldman Sachs, which has been a major player in the 2024 presidential campaign. Goldman Sachs has been a major supporter of President Biden and has been a key player in the development of economic policies under his administration. The poll's findings that 55% of Americans are more confident in the economy under President Biden than under President Trump could have implications for Goldman Sachs' business, as investors may become more cautious about the company's prospects.
Why it matters: this intelligence reflects a shift that researchers and analysts should follow closely.
Billy Odell Tucker-Robinson is the founder and host of Banking With Billy, an independent financial intelligence platform covering markets, stocks, AI, crypto, and world news. Billy operates a 24/7 live AI radio and Stock TV platform, hosts a growing Discord community, and produces daily content on YouTube @BankingWithBilly.
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