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COMMENTARY OF THE DAY
by
Robert Namer
Voice Of America
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FEBRUARY 9, 2017

      Thanks to President Donald Trump Americans' confidence in the U.S. economy reached a nine-year high in January.  Gallup's U.S. Economic Confidence Index averaged +11 in January, the highest monthly average in Gallup's nine-year trend, the pollster reported on Tuesday.  In fact, Gallup said some of the three-day averages in January "marked new highs in Gallup's tracking," which began in 2008.  The index peaked at +19 for the Jan. 21-23 three-day average after President Donald Trump's inauguration and shortly before the Dow Jones industrial average hit a new high.

     According to Gallup, "January's +11 score marks the third consecutive month the index has been in positive territory. This is a new feat for an index that has had mostly negative monthly measures since its inception, except for January and February 2015."  Gallup's U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they feel the economy is improving or getting worse. The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving, for example.  Gallup said in January, 31 percent of Americans rated the economy as "excellent" or "good," while 21 percent said it was "poor," resulting in a current conditions score of +10 -- marking the highest monthly reading for this component since 2008.

     If liberal polls show a large positive, it's is more positive - the same holds on negative polls.
 
 

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