It will be a while before there is some reliable polling about the presidential race. In the meantime, I’ll post about relevant issues, such as Trump’s popularity, the state of the economy, and the status of the COVID-19 outbreak.
At this stage, it’s best to compare Trump’s standing against Obama’s when Obama was seeking reelection eight years ago. Trump’s relative standing has declined sharply in the past year, though it may (or may not) be on the rebound:
Voters’ perceptions of the state of the union is important, too. That perception has gone south with the rise of COVID-19 and domestic unrest. It may be irrational to blame an incumbent for matters beyond his control, but that’s what a lot of voters do. And Obama, by contrast, went into the election of 2012 with a rising tide to good feeling to buoy him.
Derived from Rasmussen Reports Right Direction/Wrong Track poll.
Trump’s numbers, by election day, will depend in large part on the perceived state of the economy. A robust turnaround will help him. A weak turnaround or new dip will hurt him.
STATE OF THE ECONOMY
The employment numbers are still bad, despite a sharp turnaround. The following graph shows the real vs. nominal unemployment rate (method explained here):
Uncertainty about COVID-19 and the state of the union has put a damper on investor’s resurgent optimism about the future of the economy:
Much attention is being give to the resurgence of confirmed COVID-19 cases; less is being given to the continued decline in the rate at which COVID-19 is producing deaths nationwide. Inasmuch as the response to COVID-19 has become politicized, the effect of the contagion on the outcome of election 2020 will depend, in part, on which piece of news takes center stage. Generally overlooked factors are the relative rarity of COVID-19 and the greater rarity of deaths caused by it. The following graphs sum it up:
Based on statistics recorded here. The projection of deaths is based on the rate at which deaths have declined since the peak rate on April 21, 2020.