'Terrified': 'Shocking' new numbers seen as 'referendum on Trump's mishandling of economy'
'Terrified': 'Shocking' new numbers seen as 'referendum on Trump's mishandling of economy'
Data published Friday shows that U.S. consumer sentiment cratered in early March to its lowest level since late 2022 as President Donald Trump's erratic tariff policies and assault on the federal government—the nation's largest employer—spurred far-reaching economic chaos.The University of Michigan'...
I don't know what all goes into consumer confidence, but I can tell you that my consumer confidence has been very low and very pessimistic since November 2024 and that pessimism went into overdrive by January 2025.
I've dropped all discretionary spending on big ticket items, even the things I have been planning for and saving for since long before the election. I've also cut way back on spending for essentials, skipping out on preferred and "luxury" brands at the grocery store and instead going for generic and brands that I like less but which are cheaper, or just going without. I've also cut way back on services. If I don't know how secure my income is or how long my savings might last, then I'm not going to speed up my ruin by spending now.
Ironically enough, the only people I know who seem to be happy with the economy are the ones who were cheering for the "I did that" stickers and asking "why is eggs so expensive" under Biden but noticeably silent on those topics once Trump became president. Unfortunately for the economy, they are almost entirely low income folks (i.e. social security, food stamps, minimum wage part-time jobs) who aren't typically drivers of the economy to begin with and who are probably going to be hurt the worst if and when things get really bad.
According to r/conservative, he’s more popular than ever. Quite maddening to read the comments over there. They’re deranged in their echo chamber.
Putting the guy that hasn't been at the head of a profitable business in his entire life in a position to influence the US economy was a really really bad idea, twice? Shocking.
the guy that hasn’t been at the head of a profitable business in his entire life
This is libelous. He's been extremely successful at laundering Russian money.
This is non-news. There are NO repercussions for Trump his 'numbers' are meaningless.
Good thing the Democrats already gave up all their leverage for the next six months, or else they might be expected to do something to capitalize on this.
"Sorry, our hands are tied... by us."
Honestly when they resist him, he just goes around saying his amazing, super brilliant, swam draining, anti corruption plans are being hindered by evil corrupt democrats. By stepping back they get blame for doing nothing but Trump gets full blame for the way he manages the country.
The one interesting thing to look for in next election is whether it can be rigged or not.
If yes then that's the end of US as democracy
If no then Trump could potentially become a sitting duck for the rest of his presidency.
I understand what you mean, but it anyway sounds like a bad strategy. How much suffering just for the hope that things will resolve themselves in the end ?
More over, if he has free hands, I strongly doubt that the next elections in the US will be fair.
Other comments here complete my view: blaming minorities, lack of good quality information etc...
Timie for the daily reminder that economic hardships will be blamed on migrants, the gayness, abortions, primary school teachers, et cetera. A recession will fuel fascist agendas.
It’s those damn DEIggers.
I'm not sure about this. You're thinking of Nazi Germany, where the situation was very, very different.
Trump is a fascist, but he's also an idiot. And the Holocaust is well known, and well hated even by a large number of his supporters.
I'm not really thinking of Nazi Germany at all.
When things go bad Trump will blame them on someone.
All according to Putin's plans.
FTFY: All according to Putin’s
plansorders.
The Orange Turd is going to tank things like he always does. Since he is a dictator now there will be no rescue this time.
since he has no future election to worry about, he literally has nothing to lose--and everything to steal, tear apart, destroy, or burn on his way out.
Trump giving the economy the shocker is shocking, and we're 6% through his 4 year "term." Things couldn't get worse, could they?
"4 year term" hahaha.
America needs to be thankful they didn't get Liz Truss
i predict trump decrees it “fake news” 😴
BiDeNz EcNOme!
Let is all fucking burn down. Enough grift and collusion to make “printed money”, wars for nepotism and laundering of money with poor peoples lives on both sides of the “conflict “.
