Trump’s chances for reelection are looking better and better
Donald Trump has at least five strong historical arguments for his reelection.
One, he is an incumbent. Incumbent presidents have won 14 of 19 reelection bids since 1900.
The few who lost did not enjoy positive approval ratings. In a Gallup Poll from earlier this month, Trump enjoyed his highest approval rating since his inauguration, squeezing out a 49% favorable rating vs. 50% unfavorable.
Two, the public perception of the economy usually determines any presidential election — as incumbents Gerald Ford, Jimmy Carter, George H.W. Bush and Herbert Hoover learned the hard way. Currently, the U.S. is enjoying low inflation, low interest rates, positive economic growth, nearrecord-low unemployment, rising workers ’wages and record gas and oil production.
Three, unpopular optional wars derail incumbent presidencies.
The quagmire in Vietnam convinced Lyndon Johnson not to run for reelection in 1968. Jimmy Carter was tarnished by the seemingly never-ending Iranian hostage crisis of 19791981. The Iraq War drove down George W. Bush’s second-term approval ratings and helped derail his would-be Republican successor, John McCain.
Four, scandals also can destroy a presidency, as when Watergate forced the resignation of Richard Nixon.
Five, the opponent matters. Barry Goldwater was caricatured as an out-of-touch extremist and made incumbent Lyndon Johnson’s election a sure thing in 1964. George McGovern’s radicalism ensured that Richard Nixon would be reelected in 1972. Ronald Reagan was assured of a second term by Walter Mondale’s anemic candidacy.
How does Trump stack up on all such criteria?
His poll numbers have climbed steadily since Democrats began impeachment proceedings against him in September 2019. His Gallup approval rating is now four points higher than when he was inaugurated in January 2017.
Unlike his 2016 bid, Trump now has far more campaign money, the full backing of the Republican Party, a mostly positive record of economic achievement, a lot more campaigning and governing experience and presidential incumbency.
True, the U.S. continues to borrow about $1 trillion per year. Trump has followed the profligate spending habits of his predecessors, George W. Bush and Barack Obama, who both dramatically increased the national debt during their eight-year tenures.
China is reeling fromthe Hong Kong protests, the coronavirus, the trade war with the U.S. and the global outcry over its forced imprisonment of minority groups. If the Chinese economy crashes, it could take down global commerce a notch. Both the stock and housing markets here in America are overheating. At some point, theywill be due for a reset.
All that said, few economists are predicting a recession in the next eightmonths before the election — given the near-record employment and increased disposable income from rising wages and lower taxes. Gallup found that 63% of the public approves of the Trump economy — the highest rating for any president in that category over the last 20 years.
Will Trump get into a war?
China, Iran and North Korea would benefit if Trump were not reelected. Any of them might seek a confrontation over the summer to provoke Trump into an unpopular preelection shootout.
Scandal-wise, Trump has already been impeached by the House butwas acquitted by the Senate. Special counsel Robert Mueller’s team spent 22 months and some $35million to investigate collusion between the Trump campaign and Russia in the 2016 election — and came up short.
Trump’s greatest advantage in 2020 may be his most likely opponent, the socialist Sen. Bernie Sanders. The various agendas of the radical Sanders turn off a majority of the public. Even mainstream Democrats are terrified of Sanders’ redistribution schemes.
Former front-runner Joe Biden appears befuddled on the campaign trail and has been hurt by revelations about his son Hunter’s Ukrainian shenanigans.
The only other serious Democratic contender is multibillionaire Mike Bloomberg. Compared to his rivals, Bloomberg is a moderate, with unlimited financial resources and ample experience as a three-term New York City mayor.
Yet Bloomberg’s first debate was a disaster. He has variously posed as a Democrat, Republican and independent. His strength as a moderate in a sea of extremists was nullified by his decision to apologize for, or disown, many of the decisions that made himan effective mayor.
Add it all up, and if one looks at 2020 dispassionately and historically, the election appears to be Trump’s to lose.