« The Iraq War, Three Years On | Main | 2006 Campaign Watch »

The Economy, Five Years On

by Ruy Teixeira

Bush has had more than five years to convince the public that he knows what he’s doing on the economy and that his policies really are working. So far, no sale, despite some recent, fairly positive macroeconomic news. Here’s the latest Gallup data on public views of the economy:

Americans continue to resist giving the nation's economy positive ratings, regardless of what so-called "hard" economic indicators may show. Only about a third of Americans rate the current economy as excellent or good and 6 out of 10 say the economy is getting worse, not better. In general, these ratings are slightly worse than earlier this year, although still not as negative as they were early last fall after Hurricane Katrina and the rapid run-up in the price of gasoline.

As the report notes, Republicans, more than ever, all left “all alone” in having positive views of the economy. In the latest data, only 20 percent of Democrats and 28 percent of independents feel the economy is in good or excellent shape, compared to 60 percent of Republicans. Similarly, just 15 percent of Democrats and 24 percent of independents feel the economy is getting better, compared to 54 percent of Republicans.

More evidence for the “Indycrat” phenomenon, where independents and Democrats (Indycrats) see eye to eye on the policies and priorities of the Bush administration--which they find very wanting indeed--while Republicans are off seemingly on a different planet.