9 reasons why Trump could win reelection in 2020

While several congressional investigations into the Trump administration carry on, the special counsel probe concluded without incriminating the president. Trump has declared that decision a major victory.

The economy is strong, which bodes well for Trump, who can cite his signature tax cuts as a major reason why.

Read more: The GOP tax cuts could help Trump get reelected in 2020, even though most Americans hate them

"I think if you look at all the sentiment measures that matter, they're through the roof," Kevin Hassett, the chairman of the White House National Economic Council, told INSIDER. "If you look at the most recent retail sales data, people are feeling great and they're out there buying stuff. And in the end, if you're forecasting the economy, that's the sentiment that matters."

Whether the economy continues to grow is up in the air, as some speculate a recession could be on the horizon.

In 2016, after the release of the Access Hollywood tape — in which Trump was recorded bragging about grabbing women's genitals in 2005 — Republicans distanced themselves from Trump and avoided being linked to his campaign at all costs. Now, Republicans cling to Trump on every move — and punish all forms of dissent.

Credible polling like Gallup's presidential approval tracker routinely show Trump with 90% support from within the Republican Party, even if his poll numbers sink elsewhere.

"It's all about the Benjamins: Trump's campaign reported raising $30 million during the first three months of 2019," wrote Daily Beast senior columnist Matt Lewis. "Add up his campaign's cash on hand with the Republican National Committee, and you're talking about a combined $82 million, for a candidate who spent half as much as his opponent least time around, when he was running for office for the first time, and won."

Jobs are growing at a faster rate in rural areas than they are in Democratic strongholds and major cities, according to Bloomberg.

RBC Capital Markets conducted a poll of Wall Street insiders, in which more than 70% expressed confidence in Trump's ability to win reelection.

Only two presidents (George H.W. Bush and Jimmy Carter) have failed to secure reelection in the past 50 years. Both of those presidents lost to their challengers while the economy was in a recession. But by and large, incumbents tend to perform well, even after tumultuous elections the first time around.