For Republican Suburbs and Small Towns It Is All Great
For Democratic Big Cities It is Gloom
Unlike any measuring stick in the history of polling in American history, your belief of the future of the American economy rests almost entirely on whether you are a Democrat or a Republican. Economic confidence among Republicans has increased dramatically since before the election. The difference between those who said they weren't optimistic and those who said they were optimistic was 46% in October. By January that flipped: The optimists outnumbered the pessimists by 27%. That reversal sent the confidence index for Republicans up 73 points. The index for confidence among Democrats dropped 23 points over the same period. Eight years ago, when President Barack Obama had just taken office, the confidence index among Democrats climbed just 13 points in the same three-month window, while Republican confidence fell just 6 points. Republican expectations are at an index reading of 120 this month. Since 1952 the overall sentiment index has never topped 112. Republicans are counting on the best economy in post-World War II history. Time will tell.
- Wall Street Journal, February 27, 2017