Bad Consumer Confidence News Drops -- Minutes After Trump Spox Brags About It

[BumRushDaShow]

Source: MEDIAite

May 26th, 2026, 12:35 pm


The board that produces the Consumer Confidence dropped some bad news shortly after Trump White House National Economic Council Director Kevin Hassett bragged about it to rebut negative consumer sentiment.

On Tuesday morning’s edition of Fox Business Network’s Mornings With Maria, anchor Maria Bartiromo pressed Hassett on record low numbers on the Consumer Sentiment index, and Hassett responded by suggesting the University of Michigan survey is rigged, and promoting the Conference Board’s Consumer Confidence Index as the more reliable:

What they have done is they have somehow devised a political survey that tells us how Democrats are feeling about things.

If you want to look at how people are thinking, you should go to the conference board consumer confidence. The consumer confidence measure is actually the most reliable thing and right now it’s the highest it’s been in a year.

But even as Hassett spoke, the Conference Board was preparing to break bad news with a 10 a.m. press release announcing that Consumer Confidence fell .7 percent in May, which the group’s chief economist, Dana Peterson, chalked up to the intensification of “the inflationary impacts of the war in the Middle East.”

Read more: https://www.mediaite.com/media/news/bad-consumer-confidence-news-drops-minutes-after-trump-spox-brags-about-it/

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REFERENCES

https://www.democraticunderground.com/10143668631 (Consumer Sentiment)
https://www.democraticunderground.com/10143670628 (Consumer Confidence - WSJ used wrong name in headline)

[riversedge]

1. Here's the *true* verbatim excerpt from Kevin Hassett's ridiculous spin: "people have been spending more money at gas s

Here's the *true* verbatim excerpt from Kevin Hassett's ridiculous spin:

"people have been spending more money at gas stations, they've been spending more money on everything else"

Link to tweet

?s=20

[UpInArms]

3. $52+ for 12 gallons

Never has it cost that much to fill my tank

Did I want to spend more at the gas station?

No. I had no choice.

I will have to cut back on other spending.

[IronLionZion]

7. Spending more money on everything else because inflation is making prices sky high

As if people like paying more for less.

[slightlv]

12. Using the credit card to buy food to feed your family

is a symptom of optimism about our economic trajectory? Geesh! Give this guy a brain bleach. He's so far out in La La Land, he could never find his way home if someone didn't lead him. But he's really just a hypocrite. They all know the score, they think if they can just say the words often enough people will believe it as the truth, no matter what they really feel and know inside themselves. Unfortunately, I think Maga still falls for the stupid words. Anything to keep from having to think critically for themselves.

[riversedge]

2. The University of Michigan Consumer Sentiment Index was started in 1946 by George Katona. It is a standard source of inf

The University of Michigan Consumer Sentiment Index was started in 1946 by George Katona. It is a standard source of information on the state of the economy and the product of decades of scholarly effort.

Link to tweet

?s=20

[Wiz Imp]

6. Thanks for saving me from looking it up.

Those clever and evil liberals -- they created this survey 80 years ago knowing it would be used 80 years later to make Trump look bad!

Of course, Hassett is also lying about the Conference Board's Consumer Confidence index. He said it was at it's highest point in a year, when in reality it was higher as recently as December 2025. Also, in Joe Biden's final month in office (January 2025), the index was at 105.30. In February 2025, it dropped to 100.10, then to 93.90 in March. while it went up mildly in a couple months since then, the high point was 98.70 in July. Consumer Confidence under Trump has not come remotely close to the level under Biden (For the record, it was 112.80 in November 2024 uder Biden, and started dropping significantly immediately following Trump's election).

https://en.macromicro.me/charts/22/consumer-confidence

[RussBLib]

4. could it possibly be??

.....that people are spending more everywhere because the cost of everything keeps rising? I would have thought that this is simple enough even for Kevin Hassett to understand. Of course, he has to put a positive spin on everything or Trumpy will fwighten the stupid grinning chipmunk.

https://russblib.blogspot.com

[Rocknation]

5. TRANSLATION: Trump Spox Brags About Consumer Confidence On Fox News

Because He Knew That The Confidence News Would Contain A Drop


Rocknation

[BeneteauBum]

8. If someone was drowning

this administration would respond that everything was fine, the person was doing fabulous while functioning at an incredible level, and just testing how long they could stay submerged.

Peace ☮️

[not fooled]

9. OF all the shills they have to pick from

couldn't the regime put someone out there who doesn't look and sound like a gleefully deranged gnome?

[calimary]

11. But what if that's who and what Kevin Hassett REALLY is?

[Cheezoholic]

10. Hassett is one of those assholes I just want to slap silly every time I see that smirk. Talk about an Elitist n/t

[BuddhaGirl]

13. Same! Also Bessent LOL

n/t

[Aussie105]

14. Spending more money because they have to

but buying less.

Nothing like paying more and getting less to undermine consumer confidence.

The reasons why consumers are paying more for less don't matter.
Promising things will get better somehow sometime doesn't work.
The electorate is getting more cynical. Vague promises from smirking shills no longer work.

The fallout from low consumer confidence will be felt though.
Discretionary household spending will get nulled, business investment halted, new hires not happening, unemployment will go up.

[democratsruletheday]

15. such a fucking circus...

and this clown is one of many. Incompetent shitters.