Republican household sentiment exceeds that of Democrats by the
widest margin since George W. Bush was president. Bloomberg Consumer
Comfort Index data on Thursday showed a gauge of confidence among
Republicans was 25.3 points higher than the index for Democrats. That’s
the largest margin since the first week of January 2008.
The
overall index of consumer comfort jumped to the highest level since the
end of August on brighter views of the economy and a Republican-led
increase in sentiment about personal finances after passage of tax cut
legislation. A gain in the measure of Republicans’ confidence to the
highest level since May 2007 was larger than the advance among Democrats
last week.
Independents
and Republicans are feeling more positive since the November 2016
election of President Donald Trump while Democrats are downbeat. The
recent surge in conservative confidence comes after Trump signed a tax cut package into law this month, calling it a “big, beautiful" Christmas gift.
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