Photo: Alex Wong/Getty Images

There is a growing sense among top Republicans and Democrats that President Trump is stronger than ever and very hard to beat this fall, but several data points suggest otherwise.

Why it matters: Amid record-high stock markets and record-low joblessness, Trump trails almost every 2020 Democrat nationally, and is in a statistical tie in swing-state polls.

  • Yes, he has a big early edge in raising money and gaming Facebook to target voters. But Michael Bloomberg is willing to spend $2 billion (some say twice that) to easily level things — and will spend big even if he's not the nominee.

The data points:

  • Trump won in 2016 by 80,000 votes, thanks in part to low Democratic turnout. There is scant evidence he has broadened his base, even as he solidifies it.
  • Trump ties or trails every leading Democrat in virtually every national poll, including a Fox News poll out Jan. 26.
  • In most swing-state polls, Trump is within the margin of error — and often well below 50% — despite a booming economy.  In many cases, he trails most of the top-tier candidates. 
  • Bloomberg has more money than Trump ever did, and unlike the president, plans to spend it, either on himself or the party’s nominee. Republicans would have no answer financially if he dumps several billion into ads and manpower.
  • There's a significant gap between the optimism about the economy (60%+) and Trump himself, an unusual decoupling for an incumbent. This data point worries top Republicans a lot. 

Between the lines: Don’t forget 2018. Democrats enjoyed record turnout and won back the House.

  • After lackluster voter participation in Iowa, Democrats broke the New Hampshire turnout record set in 2008. (But it's worth noting that turnout was on par with recent cycles where only one party had a competitive primary, per the N.Y. Times.)

The bottom line: Trump is no doubt strong and getting stronger, despite impeachment. But Democrats are so traumatized by Trump’s 2016 win that they're overlooking real signs of his vulnerability. 

  • Even Bernie Sanders, whose socialism establishment Democrats fear could tank their chances, looks strong against Trump in relevant polls.

Axios' Rashaan Ayesh contributed reporting.

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

6 hours ago - Health

Fauci says if people won't wear masks, maybe it should be mandated

Anthony Fauci. Photo: Graeme Jennings- Pool/Getty Images

NIAID director Anthony Fauci told CNN on Friday evening that if "people are not wearing masks, then maybe we should be mandating it."

Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

Harris to Black voters: Casting a ballot is about honoring your ancestors

Democratic vice presidential nominee Kamala Harris speaks at a "Get Out The Vote" rally at Morehouse College. Photo: Elijah Nouvelage/AFP via Getty Images

Sen. Kamala Harris appealed to Black voters in Georgia on Friday, urging them to "honor the ancestors" by casting ballots, and again calling President Trump a "racist."

Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months.
  2. Sports: The youth sports exodus continues — Big Ten football is back.
  3. Health: U.S. hits highest daily COVID-19 case count since pandemic began —AstraZeneca to resume vaccine trial in U.S.How to help save 130,000 lives.
  4. Retail: Santa won't greet kids at Macy's this year.
  5. World: Spain and France exceed 1 million cases.