Let's talk about confidence that Trump is tanking the economy....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 28 May 2025
⏱️ 4 minutes
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Summary
Let's talk about confidence that Trump is tanking the economy....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. |
| 0:05.0 | So today, we're going to talk about confidence in Trump tanking the economy. |
| 0:11.0 | The conference board released its numbers, and for the first time since Trump took office, they didn't get worse. |
| 0:18.0 | The numbers rebounded, but the timing of the rebound is important to note |
| 0:22.7 | because it demonstrates something pretty clearly. The numbers fell for months as Trump tried to |
| 0:29.3 | implement his economic agenda. It was just a constant barrage of worse and worse numbers. |
| 0:36.4 | Then Trump caved, paused his tariffs, and started to back off, |
| 0:41.3 | while the courts exercised their power of judicial review and blocked a lot of his actions. |
| 0:47.5 | Guess what happened when Trump's economic agenda started being reversed or put on pause? |
| 0:53.6 | The numbers got better. People had more confidence |
| 0:57.0 | in the economy, and they expected things to improve. In short, the numbers show that Americans |
| 1:04.0 | know, not think, but know, that Trump's economic policies will hurt them. They know it on a level that shows up in the |
| 1:12.6 | surveys in a remarkably plain way. Stephanie Gashard, senior economist Global Indicators at the |
| 1:20.0 | Conference Board, said in a statement, quote, the rebound was already visible before the May 12 U.S.-China trade deal, but gained momentum |
| 1:30.6 | afterwards. The monthly improvement was largely driven by consumer expectations as all three |
| 1:37.7 | components of the expectations index, business conditions, employment prospects and future income, |
| 1:47.9 | rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months, and gained |
| 1:54.2 | optimism about future income prospects. Consumers' assessments of the present situation also improved. |
| 2:01.6 | However, while consumers were more positive about current business conditions than last month, |
| 2:07.6 | their appraisal of current job availability weakened for the fifth consecutive month. |
| 2:14.6 | The rebound started to occur before Trump caved, but gained momentum afterward. |
| 2:21.3 | Why did the rebound start before? Two reasons. Trump wasn't actively making it much worse with |
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