Donald Trump’s second term has triggered unprecedented market volatility driven by erratic tariff announcements and geopolitical conflicts, creating a financial "rollercoaster" characterized by sharp declines in the S&P 500 and the U.S. dollar. Investors face rising recession risks and inflation, with major banks predicting a 45–60% chance of economic downturn as tariffs increase costs for consumers and disrupt global supply chains. While safe-haven assets like gold and the Swiss franc have surged, the broader economy shows mixed signals, with low unemployment offset by stagnant job growth and falling consumer sentiment.
As if we needed another reason to shake our heads in disbelief, a recent AP-NORC poll has dropped like a hot potato, revealing that Donald Trump’s approval ratings regarding the economy have taken a nosedive. Yes, you heard that right! Only 26% of Americans think he’s doing a good job when it comes to managing the economy. And if you thought that was bad, hold on to your hats: a mere 17% approve of how he’s handling living costs. That’s like getting a participation trophy for showing up to the game but still losing 50-0.
Now, before you start feeling sorry for Trump (not that I think anyone is), let’s talk about the elephant in the room: high prices. A majority of Americans have decided that it’s Trump’s policies that are making their wallets feel lighter than a feather. It’s like a game of economic hot potato, and right now, Trump is the one holding the potato while everyone else is running away.
This poll comes just in time for the midterms, which means that politicians are probably sweating more than a long-tailed cat in a room full of rocking chairs. With the economy being a top concern for voters, it’s no surprise that people are pointing fingers. And spoiler alert: most fingers are pointing at Trump. Who knew that blaming the previous administration could be so fashionable?
This survey shows a significant drop in approval since March 2025. It’s almost as if people are waking up from a dream where they thought the economy was doing just fine. But alas, reality has crashed the party, and it’s brought along a hefty bill. It seems like Americans are finally connecting the dots between high prices and the policies that led us here.
So, what does this mean for the upcoming elections? Well, candidates are probably polishing their speeches as we speak, trying to figure out how to distance themselves from the economic baggage that many now associate with Trump. I can already hear the political ads: “Vote for me! I promise to bring back affordable groceries and maybe even a little joy!”
In conclusion, as we gear up for the midterms, it looks like Trump’s economic policies are about as popular as a root canal. While the former president might be hoping for a comeback, the current sentiment among voters suggests they’re more interested in a clean slate. Here’s to hoping that whoever takes the reins next can help us get off this wild economic ride and back on solid ground. But until then, keep your wallets close and your fingers crossed!
Inspired by: “Most Americans blame Trump for high prices as midterms approach, a new AP-NORC poll finds” (r/News)