Recent polls indicate a decline in President Trump’s approval ratings regarding his handling of the U.S. economy, with significant drops in those who feel better off under his policies. A Harvard CAPS/Harris poll showed a decrease from 49% to 45% approval on the economy between February and March, while a CBS News/YouGov poll revealed a rise in those believing the economy is worsening. These negative trends coincide with increased concerns about inflation and a rise in recession predictions by Goldman Sachs. The upcoming implementation of Trump’s reciprocal tariffs adds further uncertainty to the economic outlook.
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Despite Musk’s claims suggesting otherwise, the current administration’s spending trajectory is alarmingly poised to exceed that of the Biden administration. This isn’t just a matter of differing opinions; the sheer scale of the discrepancy is becoming increasingly evident. The economic indicators paint a stark picture, far removed from the rosy pronouncements we’ve heard.
The current economic downturn is not a consequence of pre-existing market fluctuations. The strength of the US economy at the end of the Biden term served as a solid foundation. The current crisis is, quite simply, self-inflicted. Poor decision-making and a disregard for sound economic principles are driving the nation towards a fiscal precipice.… Continue reading
President Trump announced a permanent 25% tariff on auto imports, aiming to boost domestic manufacturing and generate $100 billion in annual revenue. This move, starting April 3rd, could significantly increase vehicle prices and reduce consumer choice, potentially impacting the middle and working classes. While the administration expects increased domestic production, automakers face higher costs due to globally sourced components. International criticism and potential retaliatory tariffs raise concerns about escalating trade conflicts and negative economic consequences.
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In March 2025, the consumer confidence index plummeted to 92.9, a 12-year low, marking the fourth consecutive monthly decline. This drop, lower than analysts’ predictions, was primarily driven by anxieties over inflation and tariffs, significantly impacting consumers’ short-term economic expectations. Major retailers, including Walmart and Target, have reported weakened sales and profit forecasts, reflecting a shift in consumer behavior and echoing the declining confidence. The decreased optimism, despite some increased big-ticket item purchases possibly due to pre-tariff buying, suggests a potential economic slowdown.
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Despite Trump’s repeated claims, numerous economic indicators demonstrate that he inherited a robust US economy from Biden. Key metrics like unemployment (4.1%), inflation (2.9%), and GDP growth (3.1%) were all favorable at the end of Biden’s term, exceeding those of many other G7 nations. Furthermore, job growth under Biden significantly surpassed that of Trump’s first term, and manufacturing jobs saw a substantial increase. Economists widely refuted Trump’s assertions, characterizing the economy Biden left behind as exceptionally strong.
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Fueled by President Trump’s threat of new tariffs on the European Union, US stocks experienced a significant downturn Thursday, pushing the S&P 500 into correction territory—down over 10% from its February high. This selloff, exacerbating existing concerns about trade uncertainty, follows a similar decline in the Nasdaq. The Dow fell by 537 points (1.3%), the S&P 500 dropped 1.39%, and the Nasdaq Composite decreased by 1.96%. While cooling inflation data initially offered some relief, escalating trade tensions ultimately dominated market sentiment.
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The upcoming four years represent a pivotal moment for America, demanding unwavering commitment to unbiased news coverage. HuffPost, facing this critical juncture, is launching an ad-free experience for qualifying contributors to sustain its mission of providing free, fair journalism. This initiative seeks to bolster the newsroom’s efforts in delivering crucial information to the public. Support from readers is vital to ensuring the continuation of this vital service.
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A new National Park Service report reveals that 325.5 million visitors to national parks in 2023 generated a record-high $55.6 billion in economic output for the U.S. This spending supported 415,400 jobs and $19.4 billion in labor income. The lodging and restaurant sectors were the largest beneficiaries, contributing $9.9 billion and $5.2 billion respectively. The report utilizes improved data for enhanced accuracy and is accessible online via an interactive tool.
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Despite initial support from many CEOs, President Trump’s economic policies, particularly his fluctuating tariff plans, have generated considerable concern among American executives. Leaders from Ford and General Motors cite increased costs and uncertainty as significant challenges, hindering long-term planning and investment. This uncertainty, amplified by workforce reductions and immigration slowdowns, is viewed by several financial experts as a significant impediment to economic growth. While some remain optimistic, a palpable sense of unease pervades the business community regarding the current economic trajectory.
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Larry Kudlow, a Trump ally, predicts economic hardship for Americans, citing high prices and low job growth. He blames the Biden administration, attributing high costs to factors such as bird flu and new tariffs imposed during the Trump administration. These tariffs, along with cost-cutting measures within the federal government, are projected to further exacerbate the economic downturn. However, Kudlow insists these negative economic trends are unrelated to Trump’s policies, despite evidence suggesting otherwise, such as the immediate stock market decline following the announcement of new tariffs.
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John Q. Hosedrinker 
Matt Underwood