Preliminary results indicate that this development precedes “Liberation Day”:
Figure 1: University of Michigan Survey of Consumers expectations for Democratic/lean Democratic (blue), Independent (gray), and Republican/lean Republican (red). Source: U.Mich.
Maybe some red state folks are starting to realize they are not getting any FEMA funding to rebuild after a tornado or they are having difficulty getting an appointment or even to talk to staff at SSA after DOGE cut 12% of the SSA workforce. It is a well known Fox News/GOP bromide that federal employees are not needed – until you actually need one.
Perhaps the unicorns and fairy dust numbers about job creation and the state of the economy under Biden only make things seem worse now.
btw, despite the best efforts of the press to claim disaster from Trump’s actions, the stock market has considerably recovered, jobs are up, and inflation is down. Investment is pouring into the US. The border is 95% more secure.
Sure things can go wrong. Just ask Joe Biden. China could attack Taiwan. A new laboratory virus could “escape”. The Yellowstone cauldron could erupt. But on the international scene, Iran and its proxies are being isolated, relations with the Arab states are getting much better, the Ukrainians and Russians are at least beginning to talk, and non-tariff restrictions against US export are beginning to fall. There hasn’t been a 20%+ increase in prices due to excessive government spending.
From Fed Chair Jerome Powell: Despite heightened uncertainty, the economy is still solid
https://youtu.be/zUeeaJfRELM
https://www.youtube.com/watch?v=zUeeaJfRELM
And somehow, despite the sky falling, Trump’s approval rating remain pretty good.
https://www.realclearpolling.com/polls/approval/donald-trump/approval-rating
Wow!!!!! I learned so much from your post!!!! Where do you get your “news” from? Inquiring minds want to know!!!!
Really, Bruce… Iran and its proxies have been isolated for a long, long time now. If you believe the Ukrainians and Russians are “at least beginning to talk”, I have some prime real estate in central Florida to sell you – Putin has made it clear to even the meanest intelligence – I refer to you – that nothing short of de facto surrender by the Ukrainians will do, so “talks” means “public displays intended to fool the rubes” (guess who that would be?) One true thing: there hasn’t been a 20%+ increase in prices due to excessive government spending, but then again, that hasn’t happened since sometime last century, if ever.
I work for the world’s largest retailer, doing forecasting and inventory control at a fairly high level, and I can assure you that 30% tariffs on China etc. are heading towards the stores, slowly but surely.
The border is 95% more secure? You are confusing apprehensions with actual crossings. Apprehensions have gone down 94% YOY (March data), which many people would take as a strong indication either that the border is a lot less secure or that Customs and Border Protection are fudging their numbers, again, to fool the rubes. Funny how the April numbers are almost exactly the same as the March numbers, differing by 0.7%! I’ll bet that if we remove all the border patrols, we can get those apprehension numbers down to zero, what do you think?
And as for fairy dust numbers under Biden… Ha ha ha ha ha! Hahahahahahahahaha!!!!! You are too funny. What’s your fairy dust of choice?
Wow! Brucie, this is scraping the bottom of the barrel, even for you:
“Perhaps the unicorns and fairy dust numbers about job creation and the state of the economy under Biden only make things seem worse now.”
The employment, income and GDP numbers are all officially collected and tabulated in a transparent manner, and assessed by bunches of private analysts, so not subject to fakery. Yet here’s Brucey, telling us they were “fairy dust” without a shred of evidence.
Your list of “things (that) can go wrong” has nothing to do with the issue at hand, but rather serve as a distraction from that issue. Typical. Inflation is only down in only one month and retailers are announcing plans to raise prices because of tariffs.
And your claim that the felon-in-chief’s approval rating is pretty “good”? It’s below 50%, below the historic average. Compared to his own first-term approval, the felon is doing slightly better, but he had the lowest average approval of any president since records have been kept in his first term.
Stock values rise over time, on average. Your defense of the felon is that stocks aren’t down very much since he took office? Cool!
The most dishonest thing you’ve spewed out, though, is crediting the felon for anything good about the performance of the economy when he has been in office less than four months, having just claimed Biden’s numbers were “fairy dust”. The felon hasn’t signed a budget yet! Come back in six months.
Who signs your paycheck? Is it Eric? I bet it’s Eric.
It’s Eric. He’s the retarded son.
not sure about your logic bruce. inflation is getting stronger. my shopping bill has been steadily increasing over the past couple of months. and walmart says those price increases are just the start, due to the tariffs. tariff inflation is on its way. thanks bruce.
and interest rates are increasing, the opposite of what you and the felon promised. mortgages were supposed to be more affordable. they are getting more expensive. and it looks like housing is rolling over all over the country. that does not provide confidence in the future.
and jobs are starting to dry up. at least good paying jobs. and the felon just released a lot of good paying jobs from the federal payroll. good people who contributed to the economy. unemployment under trump is much higher than the Biden days of 3% handles.
bruce, consumer sentiment has dropped off a cliff. mostly due to your fellow republicans, who are beginning to realize the catastrophe we are headed towards.
and last I heard, that war in Ukraine is still ongoing. trump was supposed to end it in his first 24 hours. now putin makes him hold on the phone until he is ready to receive him. masterly negotiating technique. submission. just like the tariff war with china. submission.