Economic indicators

Trump’s Plummeting Poll Numbers: A Sign of Impending Doom or Irrelevance?

A recent CBS/YouGov poll, typically favorable to Donald Trump, reveals his worst polling data of his second term. The poll shows a significant increase in the percentage of Americans believing the economy is worsening, with a majority now blaming Trump (54%) rather than Biden (21%). Trump’s net approval rating plummeted 12 points in a month, reaching -6 in this previously positive poll. This negative shift is attributed to the ongoing tariff war and inconsistent messaging from the Trump administration.

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Economists Fear Trump-Induced Recession

Economists are starting to worry about a serious Trump recession, and frankly, the concerns are quite justified. The combination of policy decisions and the general atmosphere of uncertainty surrounding the current administration paints a rather bleak economic picture. Firing significant portions of the federal workforce and simultaneously decreasing government spending creates a domino effect, impacting numerous sectors and hindering economic growth.

This contractionary fiscal policy is further exacerbated by the widespread imposition of tariffs. These tariffs, affecting nearly the entire global trade landscape, disrupt established supply chains, increase prices for consumers, and ultimately stifle economic activity. The resultant uncertainty creates a climate of fear and hesitation among businesses, leading to decreased investment and hiring.… Continue reading

Post-Election Economic Optimism Divides Republicans and Democrats

Republican consumers, just a few months after vehemently criticizing the economy and soaring inflation, are now seemingly giddy about the current state of affairs. Record-breaking Black Friday and Cyber Monday sales, along with the best Thanksgiving weekend box office ever, paint a picture of robust consumer spending. This stands in stark contrast to their previous pronouncements of economic doom.

This sudden shift in sentiment is baffling to many. The same individuals who were previously vocal about the struggles of affording groceries and gas now appear unconcerned, suggesting that perhaps the economic anxieties weren’t as genuine as they claimed. Some observers posit that the focus was never truly on economic policy but rather on electing a candidate aligned with their social and cultural views – a candidate who, coincidentally, shares their perspectives on issues such as homophobia, transphobia, racism, and misogyny.… Continue reading