economy

Six In 10 Americans Say A Recession Is Likely Within The Next Year

Yet another blow to the MAGA "miracle" narrative.

Late last month, Donald Trump got bad news from a new Quinnipiac poll, which found that 37% of Americans say the economy is getting worse, versus just 31% who say it’s improving. It was the first time since the election that more Americans believe the economy is getting worse than getting better. The same poll produced another dubious "first" for the president. For the first time since November 2016, Americans think Trump’s policies are doing more harm than good to the US economy. Read more: For The First Time Since The Election, More Americans Think The Economy Is Getting Worse Than Better The Quinnipiac poll was hardly the only evidence to support the contention that trade escalations and Trump's incessant badgering of the Fed are serving to undermine confidence. University of Michigan consumer sentiment plummeted to a Trump-era low last month, and an NBC News/Wall Street Journal poll showed support for free trade rising to the highest on record, in what could be evidence of tariff fatigue among the electorate. All of this as administration officials struggle to reconcile the party line about the economy being "the strongest ever" with calls for what amount to emergency
Subscribe or log in to read the rest of this content.

4 comments on “Six In 10 Americans Say A Recession Is Likely Within The Next Year

  1. Have you even met one person that supports Trump now that didn’t vote for him? He may have only turned a few supporters off, but he hasn’t gained a single one. I don’t see how he can possibly win, even without a recession.

    • PaulMiller says:

      Reader Breeze: I know several individuals who have changed their opinions of trump in both directions. Some of my mid-western (somewhat) liberal family members are now overlooking trump’s outrageous character flaws and grudgingly agree on issues such as fair trade with China, sympathize with his desire to limit illegal immigration, and are thankful that his nationalism translates into no new wars.

      Other intractable conservatives fault him for his compromise with N. Korea, suspect a sell-out to China for re-election, and consider him just another turncoat “globalist”.

      Humans are human. If the economy is fairly good at election time, trump will probably be re-elected.

  2. Has anyone checked to see if the people who attend the Trump rallies are the same people every time by and large??

  3. Fantasiaferries says:

    With all rhetoric aside, can the economy do well with rates as low as they are now and then, as rates slide further downward, how can that send a message of Great future growth (or hope)?

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.