‘Trump bump is over’: Confidence free falls as voters blame President for market ‘chaos’

https://www.rawstory.com/trump-bump-over-market-chaos/

Posted by ControlCAD

34 comments

  1. >During the 2024 presidential race, Donald Trump repeatedly claimed that the U.S. economy was terrible under then-President Joe Biden and then-Vice President Kamala Harris. But according to U.S. Bureau of Labor Statistics (BLS) figures, unemployment stayed under 4.0 percent from February 2022 through April 2024. And U.S. unemployment was 4.1 percent in December 2024, Biden’s last full month in office.

    >Nonetheless, voter frustration over inflation worked to Trump’s advantage, and he narrowly defeated Harris by roughly 1.5 percent (according to the Cook Political Report) on Election Day.

    >Wall Street Journal reporters Rachel Wolfe and Joe Pinsker examine consumer confidence in an article published on February 7, laying out some reasons why it appears to be declining during Trump’s second presidency.

    >”The Trump bump in consumer confidence is already over,” Wolfe and Pinsker report. “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 percent in the University of Michigan’s preliminary February survey of consumers to its lowest reading since July 2024.”

    >The WSJ reporters continue, “Expectations of inflation in the year ahead jumped from 3.3 percent in January to 4.3 percent, the second month in a row of large increases and highest reading since November 2023…. Morning Consult’s recent index of consumer confidence, too, fell between January 25 and February 3, driven primarily by concern over the country’s economic future.”

    >Wolfe and Pinsker cite 58-year-old Paul Bisson as an example of someone who voted for Trump in 2024 but now has reservations about his economic policies, including tariffs.

    >Bisson told WSJ, “I don’t like the turbulence. I don’t like the chaos in the market…. That will make the economy worse, and that’s not what we signed up for. We’ve already cut back. There’s no more cutting back to do.”

    >Nicholas Schuch, a 38-year-old Durham, North Carolina resident who voted for Harris, also views the economy as chaotic during Trump’s second presidency. And he is thinking of moving to a country he believes has a better monetary policy.

    >Schuch told WSJ, “I was thinking Switzerland, potentially…. I just expect things will be chaotic, and that that is what life is now.”

  4. Reality strikes. It was all a con game, people.

  5. Now they blame him? He was President before and it was a shit show. The past four years it was a shit show. Fucking morons voted for him again, and are surprised that it’s a train wreck. This time he was telling us all along that it would be bad.

    Fuck Trump.

  6. I was told by a family Trump loyalist that the markets were going to explode when he took office….
    Well, that’s not happening! Too many bombs being dropped on all of us!

  7. How shocking, the guy that bankrupted casinos is ruining the economy. 

    He’s a loser, and yet it’s taken some of his voters 9 years to notice.

    Edit: loser, not lover lol

  9. The scum that voted for him are complicit in making this reality the hell that it is now. Never forget that, and never let them forget that. Make them pay for their choice. Treat them like they have personally wronged you and yours. Because they did. Fuck them.

  12. It’s almost as if someone should’ve warned them this would happen…

  13. How long until he tweets that he doesn’t give a fuck and people need to get over it?

  14. Now he’lil turn his attention to ‘you’ll never have to vote again’.

    America elected a dictator that bankrupted a casino.

  15. Too bad he’ll “fix” the elections so we can’t vote him out in 2028. Same with the midterms in 2026 – no chance they’re giving up power. We’re fucked, y’all.

  17. His cult thinks that he’s doing a good job. He could crap in their mouths and they would ask for more.

  18. No more blaming Joe. All his promises to get your vote.

  19. Yet trumps approval rating is still currently high compared to his first term. Id also say ratings and polling are crap and it’s likely higher because most that actually approve or vote for the right won’t respond to polling or will not admit or speak on who they vote for.

    https://www.newsweek.com/donald-trump-approval-rating-world-leaders-2027934

    https://www.pewresearch.org/politics/2025/02/07/trumps-second-term-early-ratings-and-expectations/

    https://www.nytimes.com/2025/01/30/us/politics/trump-approval-polls.html

  23. He added $8 trillion to the national debt by 2019 I think it’ll be $15 trillion more by 2026.

  24. The Clown Show is just beginning. The throw a bunch of crap and see what sticks is not a plan.

  26. I do not understand anybody who is surprised over this we saw this man the first four years we knew he would be the same and worse this time… Why are people surprised?

  27. They voted for this orange clown and now we are all paying for their ignorance.

  28. In 2 weeks that jackass had created a giant fucking crater.

  29. Impossible! All the Republicans assure me they aren’t actually racists, Trump is just AMAZING for their stock portfolios. You aren’t saying they LIED, are you?

  30. He could care less. The billionaires will get their tax break, and Putin sadly will probably get what he wants.

  31. In Maga Oklahoma some didn’t vote for the cost of living as one put it , but for liberal tears so was it stupidity or was there depravity behind their vote because they understood what he was inspite of all the truth and revelations about him . They resented and hated us so much because of all the progress we made in democracy and civil rights. White men view civil rights as an abomination so they were all to willing to vote for trump who’s depravity would rape and destroy everything we so loved our entire world .

  34. It’s the Clintons fault! The Obama’s! Hillary’s emails! Hunters laptop!

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