*Whatever your political persuasion is, we think you’ll find the following information extremely interesting. One way or the other.
It seems there’s bad news for the current resident of the White House. A new economic model has predicted that President Donald Trump will lose the 2020 election by a landslide due to the floundering economy amid the coronavirus crisis.
Yes, you read that correctly and to some it doesn’t come as a big surprise because of the obvious concerning the economy and the way he’s handled the coronavirus crisis in general.
Specifically, the national election model released by Oxford Economics on Wednesday predicted rising unemployment and inflation will be the main reason for Trump not being reelected.
The study is predicting the sitting president would win just 35 percent of the popular vote, which indicates its noticeable turn-around from the group’s pre-coronavirus prediction that indicated Trump at win 55 percent of the vote.
RELATED: Trump Tantrum: President Refuses to Unveil Obama’s Presidential Portrait
The bottom line is that Oxford Economics predicted that because of the coronavirus recession, the president will suffer a “historic” defeat, common for sitting presidents running for reelection amid an economic crisis.
“It would take nothing short of an economic miracle for pocketbooks to favor Trump,” the report concluded.
The model has proven accurate in its predictions every year since 1948, except from 1968 and 1976, and works off the assumption that the U.S. economy will not have bounced back from the pandemic by this autumn, with unemployment rates above 13 percent, and household incomes six percent lower.
“The economy would still be in a worse state than at the depth of the Great Depression,” the report said.
“An unemployment rate above its global financial crisis peak, household income nearly 6% below its pre-virus levels, and transitory deflation will make the economy a nearly insurmountable obstacle for Trump come November.”
Finally, ccording to the Oxford report, the economic factors clearly point to a Democratic win in November. However, voter turnout and the evolution of the pandemic could be crucial in determining which way it will swing.
Here’s the bottom, bottom line, as Barack Obama reminds: VOTE!
We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!
