President Trump’s approval rating among working-class Americans has dropped to historic lows, with a recent poll showing only 31% approval among those earning $50,000 or less. This decline reflects concerns over persistent affordability challenges, including rising prices and a slowing labor market. These economic anxieties are particularly pronounced among lower-income households, contributing to a negative outlook on the country’s direction. With the economy potentially slowing, future economic reports will likely shape Americans’ perception of Trump’s economic policies.
Read More
Consumer confidence in the U.S. decreased in December, reaching its lowest point since the implementation of tariffs, driven by anxieties about high prices and the effects of President Trump’s trade policies. The Conference Board’s consumer confidence index dropped to 89.1, with short-term expectations remaining stable but below a key recessionary marker. Concerns about prices and tariffs were prominent in the survey responses, while perceptions of the job market also declined, further contributing to the overall decrease in confidence.
Read More
According to the Conference Board, consumer confidence in the economy declined in December, marking the fifth consecutive monthly drop and approaching levels seen when tariffs were implemented. Concerns over high prices and President Trump’s tariffs were significant factors, though short-term expectations for income and job markets remained stable but below levels that could signal a recession. Notably, assessments of the current economic situation plummeted, and perceptions of the job market also worsened, as indicated by a decrease in those saying jobs were plentiful and an increase in those saying jobs were hard to get. AP News reported that despite the overall pessimism, the proportion of those surveyed who thought a recession in the next year was unlikely grew.
Read More
A recent Emerson College poll reveals a significant portion of the public, 36%, gave President Trump an “F” grade on his handling of the economy, representing the most common response. This economic dissatisfaction, with cost of living as a primary concern, could negatively affect the GOP’s prospects in the upcoming 2026 midterm elections. The survey also highlighted poor ratings in healthcare and affordability, despite better scores on immigration. Experts suggest that a worsening economic outlook could mirror historical trends where presidents with low approval ratings faced substantial losses in midterm elections.
Read More
57 percent say Trump more responsible for the economy than Biden: This poll result, frankly, is a head-scratcher. It’s tough to wrap your mind around the fact that more than half the respondents place more economic responsibility on a former president, who hasn’t been in office for a considerable amount of time, over the current one. The immediate reaction is often disbelief, bordering on bewilderment. How can this be? Is this a reflection of genuine economic understanding, or something else entirely?
The premise of this seems to stem from a fundamental misunderstanding of the current political and economic reality. The arguments frequently point out that with the Republican party holding the House, Senate, and formerly the presidency during Trump’s tenure, any economic downturn or challenge should be laid at their feet.… Continue reading
In a recent primetime address, President Trump touted his economic record, despite growing concerns about the cost of living among Americans. The president’s speech, delivered at a rapid pace, focused on his plans’ success and included numerous unsubstantiated claims. Critics noted his delivery, with some observing the speech’s frenetic pace and tone, while others pointed out his seeming detachment from the public’s financial struggles. These claims came amidst reports revealing a decline in the president’s approval rating for his handling of the economy, as many Americans struggle with basic expenses, while unemployment rates rise.
Read More
During a nationally televised address, former President Trump delivered a campaign-style rant, blaming his predecessor for economic woes while offering few solutions. He falsely claimed inflation was the worst in decades while boasting about his administration’s accomplishments. Trump made several demonstrably false claims, including that he had enacted the largest single tax cut in history. Polls show that a majority of Americans disapprove of his economic management.
Read More
US jobless rate for Blacks and teens surges in November, and that’s a headline that really gets you thinking, doesn’t it? It’s like a signal flashing a warning: things might not be as rosy as they seem, particularly for those on the margins. When you see unemployment climbing for these two groups, it often feels like a harbinger of tougher times ahead, a kind of canary in the coal mine for the broader economy.
I’ve been hearing echoes of this in different corners, and it paints a pretty concerning picture. AI is changing the job landscape, and it seems like entry to mid-level office jobs are already feeling the heat.… Continue reading
President Trump has recently been touting an inflated figure of $18 trillion, claiming it represents the revenue generated by tariffs, a figure that has been repeated across various public appearances. This number is not only factually incorrect but also logically impossible, as the federal government has collected significantly less in tariff revenue. The president seems to be conflating tariff revenue with private investment deals, further blurring the line between the government and the private sector, but even the White House’s own tracking shows a figure far less than the claimed $18 trillion. Ultimately, the origin of this figure remains unclear.
Read More
White House Dismisses Rise in Unemployment – That’s the crux of it, isn’t it? The news breaks, the unemployment numbers tick upwards, and the response from the administration is… well, let’s just say it’s not exactly a cause for concern. It’s a dismissal, a wave of the hand, a suggestion that everything is just peachy. The sentiment seems to be, “Don’t worry, be happy,” while the reality on the ground feels a little more bleak. The whole situation feels very surreal. There’s a dissonance between what’s being said and what’s being experienced, a gap that’s widening daily.
The official line seems to be that the rising unemployment rate is actually a good thing, that more people are *seeking* jobs.… Continue reading