How ’bout them eggs, MAGA?
The Trump bump in consumer confidence is already over.
Tariff threats, stock market swings and rapidly reversing executive orders are causing Americans across the political spectrum to feel considerably more pessimistic about the economy than they did before President Trump took office.
Consumer sentiment fell about 5% in the University of Michigan’s preliminary February survey of consumers to its lowest reading since July 2024. Expectations of inflation in the year ahead jumped from 3.3% in January to 4.3%, the second month in a row of large increases and highest reading since November 2023.
“It’s very rare to see a full percentage point jump in inflation expectations,” said Joanne Hsu, who oversees the survey. Republicans have come off a postelection surge in confidence, she said, and Democrats and Independents also seem to believe that economic conditions have deteriorated since last month.
Morning Consult’s recent index of consumer confidence, too, fell between Jan. 25 and Feb. 3, driven primarily by concern over the country’s economic future.
“I don’t like the turbulence. I don’t like the chaos in the market,” said Paul Bisson, a 58-year-old, who writes proposals for a flight safety company and co-owns a dog daycare in San Antonio. Bisson voted for Trump, but feels “his policies have led to that chaos.”
Bisson is hoping to retire in the not-too-distant future, and is worried that won’t be possible if Trump follows through with his tariff threats rather than just using them as a negotiating tactic.
“That will make the economy worse, and that’s not what we signed up for.”
Yes it is what you signed up for you moron. He said tariffs were his favorite word in the English language! He talked about them incessantly! They aren’t a negotiating tactic as we just found out when he backed down once Canada and Mexico told him they agree to do what they’d already planned to do before he became president. He just likes to throw his weight around and, in his mind, they’re a way to make the country rich like it was in the 1890s. Whether he follows through on any of them time will tell but you can bet he’ll be issuing more threats and causing more turmoil in any case.
If these people like Trump and voted for him because he owns the libs (which is the real reason they like him) they should just admit it. Saying they didn’t sign up for him to wreck the economy is ridiculous. That’s exactly what they signed up for — and much, much worse. he didn’t try to hide it.