Biden Has 13-Point Lead Over Trump As President's Job Approval Slides

Mod: Everything now appears to be crashing down around Donald's ears. The market was down 760+ points yesterday. He's being publicly crucified as a hateful racist and white nationalist. China is retaliating on tariffs, killing our farmers. His chubby man-love in North Korea is firing missiles again. Freaked out Republicans are retiring from the House in droves. Yet that all happened just in the last few days. The polling below predates much of that, and was taken when things were supposedly going well.

Biden Has 13-Point Lead Over Trump As President's Job Approval Slides: IBD/TIPP Poll (Investors Business Dailylink): Joe Biden has a big lead over President Donald Trump, the August IBD/TIPP Poll showed. The other top three Democratic presidential contenders enjoyed smaller 2020 election leads over the GOP incumbent. Meanwhile, Trump's job approval fell to a six-month-low 40% in August.

Trump's job approval fell to 40% vs. 43% in the IBD/TIPP Poll at the start of July. That's the lowest Trump job approval since February.

Meanwhile, the IBD/TIPP Presidential Leadership Index fell 4.5 points to 42.7, the lowest since February. The Presidential Leadership Index is a composite of three subindexes measuring the president's favorability, job approval and evaluations of leadership strength. Since Trump took office, the index has risen as high as 49.2, during his first month in office. Trump's low came in August 2017, when it fell to 35.9.

Trump's bad month came despite some generally positive news. His summit with Chinese President Xi Jinping at the end of June (though after the July IBD/TIPP polling period) put the China trade war on hold. Wall Street celebrated with a solid month for the stock market. The Dow Jones, S&P 500 and Nasdaq composite all hit record highs and held near those peaks through most of the polling period. Trump followed up his success at the G-20 meeting in Japan with a walk into the Demilitarized Zone between North and South Korea to shake hands with Kim Jong Un.

The June jobs report showed that the U.S. economy added 224,000 new jobs in the month, and layoffs have been sparse.

Trump called off the China trade-war cease-fire on Aug. 1, imposing new tariffs that have sent the stock market reeling. Yet that didn't happen until the afternoon of the eighth and final day of polling, likely too late to make much difference.

If that's the case, then what accounts for Trump's slump? He may have seen something of a backlash from his attacks on minority Democratic members of Congress that dominated news coverage — at least until the weekend's mass shootings in El Paso, Texas, and Dayton, Ohio.

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