Trump poll boost: Why US President is favourite to win re-election in November
The US President will face off against his Democratic rival Joe Biden in November of this year, in what promise to be a very tight race. Mr Biden secured his party’s nomination, when his left-wing opponent Bernie Sanders pulled out of the race earlier this month. In what will be a major boost to the morale of the beleaguered President, Coral bookmakers have Mr Trump as a slight favourite to win the contest at 10-11.
Joe Biden remains very much in the running and is 11-10 to win as the Democratic candidate.
Coral’s John Hill said: “The betting suggests the US Presidential election is gong to be a close run race.
“However, Donald Trump is the marginal favourite to be re-elected for a second term in office.”
Coral’s odds run contrary to recent poling data in the US, which suggests that Mr Trump is losing popularity and is trailing his Democratic rival.
The US President has seen his ratings plummet as a result of his handling of the coronavirus pandemic and the crashing of the economy.
A previously booming economy has shuddered to a halt, leading to a stock market crash and the laying off of millions of workers.
A staggering 22 million Americans have been made unemployed within the last month alone.
Last Thursday the US Labor Department announced that 5.24 million workers filed for unemployment benefits last week, making a total of 22.2 million since March 14.
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The largest number of people to ask for unemployment benefits in a four-week period before the Covid-19 crisis came in 1992 when 2.7 million sought support.
The flood of layoffs has swept across the entire country and has affected every sector of the economy.
Jason Reed, assistant chair of finance at the University of Notre Dame, told the Guardian: “It’s akin to the entire country being hit by a hurricane.
“And we don’t know when the hurricane is leaving.”
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A recent poll carried out by CNN-SSRS predicted a landslide victory for the Democratic challenger.
The poll gave Mr Biden a huge 11-point lead over the incumbent president.
According to the survey, which was carried out between April 3 to 6 among a pool of 875 registered voters, Mr Biden received 53 percent support, to Mr Trump’s 42 percent.
Crucially for the former vice president, independent voters appeared to moving decisively towards supporting his candidacy.
Independent voters hold the key to electoral success in many swing states, and they broke for Mr Biden in the poll by 12 points.
Mr Biden’s fortunes in the polls have come hand in hand with a massive increase in campaign funding.
The former US vice president raked in $47 (£38) million in campaign donations in March alone.
That was nearly twice as much as the amount raised by the Republican National Committee and three times the total raised by the Trump campaign.
However, as a result of spending during the competitive Democratic primaries, Mr Biden’s campaign team ended March with a net $26.4 (£21) million on hand, whereas Mr Trump’s campaign boasted almost £100 (£81) million.
Other polls also show Mr Biden leading Mr Trump, but by smaller margins.
A Monmouth University survey released on Thursday last week gave Joe Biden a four-point national lead.
Most other recent surveys put Mr Biden’s advantage at between three points and eight points.
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