Majority of Americans disapprove of Trump’s economic plans
After years of record inflation, stagnant wages and soaring inequality under Joe Biden, economic pressures were the primary reason Donald Trump regained office.
However, a new poll finds that for the first time ever, a majority of Americans, 55%, disapprove of Trump's handling of the economy.
Trump has provoked one of the biggest economic shocks in modern times by breaking with the neoliberal consensus on a totally free trade, anti-tariff form of capitalism.
I wish we had a more definitive blueprint and plan about what's happening with tariffs.
I think that you need to either stand firm and keep them in place to let a lot of the companies and businesses around the United States understand what the game plan is over the next five to 10 years, or you need to start negotiating and talking to other countries as soon as possible.
But you can't do both at the same time, and it seems like we're dipping our toes on both sides of that water, and that's not going to be effective. So that's the part that terrifies me about the policies.
Member of Public 01
Recent weeks have seen a continued plunge in the value of the dollar, increased confidence in bitcoin and crypto-currency, the worst April since 1932 for the Dow Jones Stock Market gage, downward revisions in expected economic growth, upward revisions in the likelihood of a recession, hundreds of thousands of layoffs for federal workers, and more.
I'd like to think that, you know, it's really painful now, maybe things will smoothen out, but you know, it seems like it's going to get worse before it gets better.
So hopefully everyone can get their jobs back.
I mean, I'm a family man, I've got kids, I've got a wife, and, you know, I'd hate for one of us to lose our job just because we work in the government, we're just minding our own business.
Member of Public 02
The poll found that about a quarter of the population remains firmly supportive of Trump's economic plans, believing that the economy is getting better and that it will be booming or growing in a year.
I think it's too soon to tell. I mean, he's a great businessman and everything. He's got a good philosophy.
I'm nervous. I mean, I follow the stock market and see that, but I think it's too soon to tell.
I mean, some of the tariff stuff is already coming back around, so I think time will tell.
Member of Public 03
Trump's proposed 2025 budget is likely to provoke more macro-economic woes as it seeks to impose austerity measures and cut government services while cutting taxes for the rich.
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