This week in Trumponomics: Maybe the Biden economy wasn't so bad after all?

[JohnSJ]

"Americans clearly voted against the Joe Biden economy in 2024, with inflation and the perception of Democratic ineptitude clinching Donald Trump’s presidential win. Consumer confidence jumped up after the election, as if economic salvation was at hand.

Just one month into Trump’s presidency, however, Americans are gloomier than they were at the end of Biden’s. The Conference Board’s consumer confidence index has sunk to the lowest level since last June. “Pessimism about the future returned” is how the Conference Board explained the shift. The index is now near the depressed levels of 2022, when inflation was raging, and the expectations index is near levels often associated with recession.

The investor class isn’t feeling any better. The monthly survey by the American Association of Individual Investors shows bullish sentiment to be at the lowest level since March of 2023. Since Trump took office, the S&P 500 index has dipped by about 1%, mainly because Trump’s tariff threats — and his attempt to dismantle the federal government — threaten growth and profits.

https://finance.yahoo.com/news/this-week-in-trumponomics-maybe-the-biden-economy-wasnt-so-bad-after-all-150007188.html

and even though this commentary underplays just how good things were under Biden, and overplays the false negatives, it makes the point that the greedy Wall Street jackasses are now concerned about who they put into the WH.