What America's Thinking: January 17, 2020
Half of voters say they would not consider reelecting Trump
More than half of voters would not consider reelecting President Trump in 2020, according to a new poll released on Thursday.
The Hill-HarrisX poll found that 53 percent of respondents said they would not consider supporting Trump's bid for reelection, compared to 39 percent of those who said they would support it.
Just 8 percent said they were unsure.
Support for Trump's reelection broke down along party lines.
Eighty-seven percent of Democrats said they would not consider reelecting Trump, while 11 percent of Republicans said same the same. Independents sided with Democrats on the issue at 57 percent.
The poll comes comes amid rising fears of a recession, which could threaten Trump's chances of reelection.
U.S. stock markets on Wednesday suffered their biggest drop of the year, with the Dow Jones Industrial Average plunging 800 points before bouncing back slightly on Thursday.
Wednesday's plunge follows turmoil in the U.S. bond market and weak economic data from Germany and China. It also comes after the yield on 10-year U.S. Treasury bonds dipped below the yield on two-year bond, a phenomenon that is considered a leading indicator of a possible economic downturn.
Trump has adamantly denied any role in the global economic downturn, maintaining that his ongoing trade war with China is working.
"We are winning, big time, against China," Trump tweeted shortly before the stock market closed Wednesday.
However, economists have pointed to his trade war as a prime source of uncertainty and rising costs. Prior to the economic downturn, Trump announced that he would delay additional tariffs one China until Dec. 15, providing relief to shoppers ahead of the holiday season.
The president has instead blamed Federal Reserve and the "Fake News Media" for Wednesday's downturn.
"The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election," Trump tweeted on Thursday.
Trump has frequently touted stock markets and their steady rise as an indicator of his economic performance.
Despite concerns about Trump's trade war and a potential recession, unemployment rate has remained low at 3.7 percent, while consumer spending has remained strong.