Sunday, April 27, 2025

Dead Reckoning

 WaPo poll:

"Trump has seen a decline of 10 points among White people without a college degree, a key part of his political coalition; he is also down 13 points among adults under age 30 and 11 points among those who say they did not vote in November."
The Hill:
“‘I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America,’ [Ken Griffin] said, adding, ‘because with the policy volatility, you actually undermine the very goal you’re trying to achieve.’”
"...as expected..."
GOP donor Ken Griffin suggested the value of the U.S. dollar has significantly deteriorated compared to the euro in the past month under the thumb of President Trump’s latest tariff hike on global trading partners. Griffin, the founder and CEO of Citadel, said the country “has become 20 percent poorer in four weeks,” in conversation with Semafor’s Gina Chon at the World Economy Summit. Since the start of the year, the dollar index has weakened by more than 9 percent.

He added that the currency’s deflation amid shifts in economic policy and the president’s latest attack on Federal Reserve Chair Jerome Powell has jeopardized the nation’s pristine reputation.

“We put that brand at risk,” Griffin told Chon. “It can be a lifetime to repair the damage that has been done.”

The hedge fund manager echoed economists and world leaders who said new tariff measures will produce no winners but instead force all parties involved to “tread water and not drown.”
Do you miss Biden yet?
Seventy-three percent said the economy is in bad shape, 53% said it's gotten worse since Trump took office and 41% said their own finances have worsened -- which is as many as those who said so under President Joe Biden last summer.
The ABC poll finds over 50% disapproval on every question about what Trump is doing, from immigration to closing the DOE, including how he’s handling immigration (53% disapproval).

The poll also shows disapproval if Democrats and Republicans. And yet Presidents get turned out after one term, and incumbents in Congress almost always get re-elected.

Go figure.

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