January 13, 2018

SCOTT ADAMS: President Trump Earns the Highest Presidential Approval Level of All Time.

The Small Business Optimism Index hit an all-time high. That’s the new Presidential Approval Poll.

In olden days (pre-2016), candidates for president were not so different from each other. I can remember pundits complaining endlessly about how similar the Democrats and Republicans had become. In that environment, you can easily imagine someone who voted for Candidate A warming up to Candidate B. In those simpler times, a presidential approval poll meant something.

Today, a “presidential approval poll” is little more than taking attendance. If you’re a Democrat, you disapprove of President Trump as a lifestyle choice. If you voted for Trump, you probably still approve of him because you knew exactly what you were getting. And if you are an anti-Trump conservative, you allow cognitive dissonance to rule your brain and you say he’s doing a good job but you disapprove of him anyway. David Brooks accidentally described this phenomenon in this article.

I contend that business optimism — and small business optimism in particular — are the new standard for presidential approval because “economics” captures most of what a president influences.

But does it predict elections?