Here's why the 2020 election-year economy is shaping up perfectly for Trump
toward the center of his re-election pitch — and key economic datapoints on the surface couldn't be better for him.saw 225,000 payrolls added in January, a better-than-expected showing than economists forecasted and underscoring an economic expansion now in its 11th year.
The emerging portrait of the "Trump economy" leads to three indicators the president is likely to campaign on in 2020:A 3% annual increase in wages over the past year. And Americans' views on the economy are more positive now than they have been in decades. A Gallup poll released on Tuesday found the president had received the highest economic approval rating of any president inDouglas Holtz-Eakin, the president of the conservative American Action Forum and a former senior economist in the George W. Bush administration, said those figures represent a boon for Trump's re-election odds.
"The economy is a clear asset for him," Holtz-Eakin told Business Insider, noting strong job growth and a bump in wages are elements in the president's campaign pitch that he believed would resonate among voters.in The New York Times that Trump is benefiting from "the strongest tailwind of any incumbent running for re-election since 1900."
The recent positive economic news could also make people less likely to support a progressive like Sen. Bernie Sanders, Holtz-Eakin said, as voters in swing states would be more likely to stick with Trump instead of supporting a Democratic presidential candidate vowing to push through sweeping reforms and rock the boat.
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