CNBC Survey: Soaring Economic Optimism Points to No Blue Wave in 2018

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Soaring Economic Optimism Means That It Is Unlikely The 2018 Mid-terms Will Be A “wave Election.”

America is experiencing a record-breaking era of good feelings, economically speaking. Optimism about the economy, measured by Americans who are optimistic about current conditions and the future, hit an all-time high in CNBC’s All-American survey, the financial news network reported Monday.

Fifty-one percent of Americans approve of Trump’s handling of the economy, according to the CNBC survey. This was the second consecutive CNBC quarterly survey showing that Trump’s handling of the economy was viewed positively by the majority of Americans. It further supports the finding Friday from the University of Michigan consumer survey that confidence in the government’s economic policies jumped to the highest level in fifteen years.

Liesman said that CNBC’s pollsters think it is likely that the positive results on the economy likely mean this election will not see a “Blue Wave” of Democrats taking seats from Republicans.

“They’re cautioning that this is not a wave election in the making. They point out that you need lousy numbers on the economy to have a wave election or a lot of pessimism about the economy,” Liesman said. “One of the things we see is that a lot of people who have concerns about the president’s temperament are willing to look through that because of his handling of the economy. – READ MORE

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