Good Economy, Bad Polls

IT seems to happen every week: Some new piece of good economic news comes out, and Republicans sink a little deeper in the polls. In late April, it was estimated that the economy had grown by 4.8 percent during the first quarter of the year. A few days later, new jobs numbers came out. It turns out that 5.3 million jobs have been created since August 2003. The unemployment rate is 4.7 percent-well below the average of each of the last three decades. The stock market continued to rise, and looked likely to hit a record soon.

The public responded to all this good news by turning a little more against President Bush. In a mid-April poll by Gallup and USA Today, 36 percent of the public approved of the president’s performance in office and 59 percent disapproved. In an early-May poll, approval had fallen to 31 percent and disapproval had risen to 65 percent. Bush’s 23-point deficit had widened to 34 points.

About the Author

Ramesh Ponnuru

Ramesh Ponnuru is the editor of National Review, a columnist for the Washington Post, and a fellow at the American Enterprise Institute.

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IT seems to happen every week: Some new piece of good economic news comes out, and Republicans sink a little deeper in the polls. In late April, it was estimated that the economy had grown by 4.8 percent during the first quarter of the year. A few days later, new jobs numbers came out. It turns out that 5.3 million jobs have been created since August 2003. The unemployment rate is 4.7 percent-well below the average of each of the last three decades. The stock market continued to rise, and looked likely to hit a record soon.

The public responded to all this good news by turning a little more against President Bush. In a mid-April poll by Gallup and USA Today, 36 percent of the public approved of the president’s performance in office and 59 percent disapproved. In an early-May poll, approval had fallen to 31 percent and disapproval had risen to 65 percent. Bush’s 23-point deficit had widened to 34 points.