Latest / INSIGHT TODAY / New poll shows many Americans don't see economic relief from either Republican, Democratic parties

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New poll shows many Americans don't see economic relief from either Republican, Democratic parties · INSIGHT TODAY

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  Speaker 1: Well, the White House is defending the state of the
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  Speaker 1: US economy after a weaker than expected GDP report. According
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  Speaker 1: to the Commerce Department, the nation's gross domestic product grew
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  Speaker 1: at an annual rate of one point five percent in
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  Speaker 1: the second quarter. Now, that's slower than economists anticipated, and
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  Speaker 1: it could be as signed that the Iran war is
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  Speaker 1: hurting consumers. Our Nancy Cordus Press National Economic Director Kevin
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  Speaker 1: Hassett on this yesterday, can you tell us why did
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  Speaker 1: economic growth slow in the second quarter?
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  Speaker 2: The GDP member for final demand, which is kind of
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  Speaker 2: what happens to spending in America, was up three point
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  Speaker 2: nine percent, which is about what we expect. That that's
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  Speaker 2: a really strong positive growth demport. The reason that the
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  Speaker 2: final GDP member was lower was that there's been a
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  Speaker 2: massive amount of capital spending that's imported capital goods, and
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  Speaker 2: so there was a big decline relative to the four
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  Speaker 2: percent because of imports of capitol goods. But the imports
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  Speaker 2: of capital goods are a very positive signed for the
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  Speaker 2: outlook going for it because those capital goods are receden
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  Speaker 2: to get a turned on factories that they're going to
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  Speaker 2: light up, the jobs that are going to be.
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  Speaker 1: Creative, and as Americans are feeling increased financial stress, both
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  Speaker 1: political parties are facing scrutiny. Take a look at this
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  Speaker 1: new CBS News polling more Americans feel like Democrat and
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  Speaker 1: Republican policies are hurting their cost of living. However, you
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  Speaker 1: can see that people are more critical of Republicans. CBS
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  Speaker 1: News Elections and Survey Director Anthony Salvonto joined the takeout
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  Speaker 1: last night to break this all down.
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  Speaker 3: I have repeatedly shown that people keep telling us they
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  Speaker 3: don't think their incomes are keeping up with inflation. So
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  Speaker 3: do they see an answer from either party? Obviously a
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  Speaker 3: critical question as we had into the midterms. Right, here's
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  Speaker 3: the answer. No, And let me start with the Republicans,
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  Speaker 3: because we get fifty five percent, a majority of Americans
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  Speaker 3: saying they think Republican policies are actually hurting their cost
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  Speaker 3: of living. I'm going to dive a little bit in
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  Speaker 3: deeper into that really quick because I want to show
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  Speaker 3: you this. It is the difference among Republicans on immigration
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  Speaker 3: for President Trump's approval and inflation for President Trump's approval.
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  Speaker 3: And look at this gap. Ninety very very strong on
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  Speaker 3: immigration to sixty eight on inflation. So even a lot
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  Speaker 3: of Republicans are feeling the pinch is what you take
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  Speaker 3: away from there. But are Democrats any better? That answer, well, no,
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  Speaker 3: because they're still underwater. They're under fifty percent on the
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  Speaker 3: help number to their policies help your cost of living,
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  Speaker 3: and they're actually net negative little more, say hurt. Now,
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  Speaker 3: the Democrats might say, well, they're better than Republicans and
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  Speaker 3: voting is about his choice. That is true, but in
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  Speaker 3: this environment where neither party has a huge edge or
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  Speaker 3: over fifty, I asked the question, do we watch this
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  Speaker 3: as the most important or one of the most important
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  Speaker 3: dynamics heading into the midterms. I think it is.
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  Speaker 1: And for more on this, let's turn to CBS News
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  Speaker 1: White House reporter Aeron Navarro live in our DC bureau. Aaron,
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  Speaker 1: good morning. So we just heard it in that poll,
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  Speaker 1: a lot of Americans think President Trump isn't focused enough
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  Speaker 1: on the economy. How's he addressing those concerns?
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  Speaker 4: Yeah, Michael. I'll note that the poll from earlier this
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  Speaker 4: week showed seventy eight percent of respondents said he's not
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  Speaker 4: focused enough on lowering prices, which with over sixty percent
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  Speaker 4: saying he's focusing too much on tariffs. His economic advisors
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  Speaker 4: in recent days have pointed to a couple things regarding
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  Speaker 4: the economy. They point to the importing of manufacturers and
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  Speaker 4: the building of factories, as the President always helps investments
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  Speaker 4: that are being made in companies in the US or
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  Speaker 4: companies coming from other countries to the US. They have
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  Speaker 4: pointed to the latest inflation report from June showing that
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  Speaker 4: that number is decreasing, though that could be in an
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  Speaker 4: increase when that July report comes, since the war has
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  Speaker 4: essentially restarted between the US and Iran, and they have
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  Speaker 4: an overall distrust of what the polls show. One thing
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  Speaker 4: that Trump and Republican operatives working in the midterm elections
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  Speaker 4: this year can point to is that when you look
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  Speaker 4: at our polling, it shows that Democrats don't necessarily have
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  Speaker 4: that much of an advantage at all when it comes
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  Speaker 4: to when you ask Americans who has a better approach
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  Speaker 4: on handling the economy or latest poll had them tied
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  Speaker 4: at thirty two percent, Well, thirty six percent said either
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  Speaker 4: neither party or not sure. I'll note also the President
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  Speaker 4: in recent weeks has not really been laser focused on
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  Speaker 4: the economy per se. He did speak in Michigan earlier
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  Speaker 4: this week to kind of tout the manufacturers coming to
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  Speaker 4: that state, but he's instead been embroiled in this war
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  Speaker 4: with Iran as well as talk about essentially relitigating his
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  Speaker 4: twenty twenty election loss. And when you ask voters about
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  Speaker 4: that a little bit about his Save America Act push
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  Speaker 4: to require proof of citizenship in order to vote, you
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  Speaker 4: get a resounding amount of people eighty one percent saying
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  Speaker 4: that it should be the state that has the final
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  Speaker 4: say and administering their elections. So while the president has
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  Speaker 4: been focused on many other things besides the economy, you
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  Speaker 4: are seeing and are pulling and many other polling that
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  Speaker 4: Americans want them to focus back on lowering prices.
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  Speaker 1: All right, Eron Navarro, thanks for joining us,