While the CBO poured cold water on the RyanCare plan – and implicitly delayed the bill and thus tax reform – Bloomberg’s Michael McDonough discovered that deep inside the University of Michigan Consumer Sentiment Survey, there is reason for President Trump to be optimistic on passing his fiscal agenda.
In February, 28% of respondents voluntarily mentioned news they heard about the government’s economic policy in a favorable light, a record high. The previous, pre-2016 election peak for positive mentions was just 9%. This is especially notable as the survey doesn’t specifically ask participants to respond about government or political news.
This post was published at Zero Hedge on Mar 14, 2017.
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