Despite close competition from other pressing issues, the economy is still the top concern for voters, according to a new Cheddar/SurveyUSA poll.
The poll, conducted October 1-4, 2020, showed that 15 percent of respondents named the economy as the most important issue for them when marking their presidential ballot.
This perennial election issue squeaked in ahead of "defeating Donald Trump" at 14 percent, compared to "re-electing Donald Trump" at 9 percent. Replacing the president got a two-point boost, however, after his COVID-19 diagnosis, with the economy losing ground as well.
There was also a significant spread in which demographic groups pinpointed the economy as the top issue, with 19 percent of Hispanics, 15 percent of whites, and just 7 percent of Blacks choosing the issue.
Amid nationwide protests and counterprotests, respondents were neatly split on issues of social justice and law and order. Black Lives Matter, social justice, and law and order each received 3 percent while All Lives Matter received 5 percent.
Other top concerns include COVID-19 at 12 percent, healthcare at 9 percent, and "preserving the democracy" at 6 percent.
On the Affordable Care Act — which reemerged as an election-year issue with the passing of Supreme Court Justice Ruth Bader Ginsburg — 54 percent of respondents said the Court should leave it as the law of the land, while 31 percent said it should be declared unconstitutional.
This matches closely with the 56 percent who said they felt either favorably or very favorably toward Obamacare and the 38 percent who felt unfavorably or very unfavorably toward it.
Younger and lower-income voters also had a better impression of the healthcare law — though those who were most concerned with the economy were less likely to be in favor. After Trump's COVID diagnosis, favorable impressions got a boost as well.
Finally, the poll showed significant doubts about the outcome of the 2020 presidential election. Just 28 percent said the country will know the outcome on election day, while 42 percent said: "maybe a week after." A sizable 21 percent predicted we'd know sometime before Thanksgiving.
Again, Trump's hospital visit shifted the numbers, with slightly more believing the election would be over and done with on Election Day.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
