The economy used to be the wind beneath Donald Trump's presidency wings, and now it's his Titanic. Because what are we talking about here? Well, let's just take a look here. Trump's economic net approval one year in and term one. Hey. Yeah. Plus side of the ledger plus eight points. [00:00:16] It was his best issue arguably, but now it's one of his worst. Look at that. Way way way down in the basement. 18 points below water. What is that? John, quickly. Samantha, what is that? A 26 point switcheroo in the wrong direction. [00:00:33] If it don't make dollars, it don't make sense. And Trump's economy not making dollars for a lot of Americans, in fact, layoffs are up. The economy has certainly slowed down. Inflation is still a problem, and Trump's tariffs have done a lot more damage [00:00:49] than I think most Americans realize. So as a result, President Donald Trump's poll numbers are absolutely taking a nosedive after he promised to improve material conditions for working class Americans, but has failed to deliver on that promise. [00:01:05] Voters, unsurprisingly, are not happy. So look, the economy used to be a strong issue for Trump, for obvious reasons, I think. I mean, if you look at his first term, he did okay when it came to economic issues. He did tinker around with some of the trade policies and tariffs, but he did so [00:01:25] in a more targeted way in his first term. Second term? Not so much. So to help you visualize that, let's take a look at this graph, because it'll kind of show you the difference between the first term and what we're experiencing now. [00:01:41] So this graph specifically represents Trump's first term. Okay. Now it displays how the total household net worth of Americans, changed right during his first term and how that number has changed over time. [00:01:57] So the red line represents Trump's first term, where you see a steady increase of net worth. That's a good thing. The blue line represents Biden's first three years in office. Now, the graph that you see on the right hand side is different from [00:02:13] the one on the left, because the one on the right adjusts for inflation. So when you adjust for inflation, you'll notice that Trump did a lot better than Biden in his first term compared to Biden's. Like the first three years of Biden's first term and only term, obviously now, [00:02:30] the x axis represents percent change and the y axis represents, time. Okay, you get the point. So when you take a look at that graph on the right, you will notice Trump did well. And that's why I think there was popular support for Trump for the second term. [00:02:49] People were struggling with inflation. They didn't feel that Biden did a great job. And they really thought that someone like Donald Trump was going to come back in and he's got that magic touch. He's somehow going to increase everyone's net worth. He's going to bring prices down. But that has not happened. [00:03:04] Now, Enten is about to explain, how Trump has taken his, massive advantage when it comes to favorability on the economy and essentially thrown it away. The Trump admin has made the economy worse or better. You go back to January of 2018, term number one. [00:03:21] The plurality winner there was better at 40%. Just 22% said worse. Look at this side of the screen. The exact opposite story. What a switcheroo. My goodness gracious. 52%, 52% of Americans say the Trump admin. [00:03:37] Their policies have made the economy the economy worse. And look at that. Just 28% say better. Even among the GOP, just 57% say they make it better. But what about independents? What are they saying? Okay, this is what is driving it, right? Because you'll notice some days I'll say, hey, Donald Trump is doing really well [00:03:54] amongst his base. And then other days they say he's doing really poorly. Overall, what is driving it is independent. And this was a number that absolutely blew my mind. Oh my goodness gracious. Trump's economic net approval one year in among independents in term one he was ten points above water. [00:04:11] Look at where he is today. Hey! Whoa! 43 points below. That's a 53 point switcheroo. Guys, independents decide elections. I mean, I think things are starting to change a little bit as more [00:04:28] and more Americans wake up to the fact that these political labels don't really mean much, honestly. But at the same time, independents are really the decision makers, especially in these swing states. And the fact that he has lost so much goodwill and so much support [00:04:43] from independent voters is not a good sign for Republicans, because make no mistake about it, this, frustration that Americans are feeling will be taken out on Republicans during the midterms. And I think they realize that. And I think they're panicking about it now. [00:05:00] Look, there are a lot of factors that make up the economy. There's jobs, there's the stock market, there's inflation, right. But when it comes to the job market, Trump's not doing so well. And so if you've been paying attention, you'll probably notice that layoffs have increased significantly, to the point where we haven't seen layoffs [00:05:18] accelerate this rapidly since 2009. That is not a good sign. And so you're about to hear from Anton on how the American people feel about the job market. Take a look. Donald Trump took a beautiful swan and turned it into an ugly duckling. [00:05:35] As far as the American people are concerned, Trump's net approval rating on jobs and employment in January 2025. Look at that. Overall plus nine points. Hey, that's pretty good. But down he goes. -13 points overall. But you think that's nuts. Take a look at the independents. They go from plus seven way way way down off the screen to -30 points. [00:05:56] Americans rate the job market as bad or good February 2025. Equal shares say fair or say bad or good 4242. Look at this now, over just a year's time. Now the clear majority, 52% up like a rocket rated as bad compared [00:06:12] to just 33% down to the basement. Who rated it as good? Expect unemployment in the next six months to go up or go down well, back in January 2025, right when the Donald Trump presidency was about to begin. 3838 but look at this views towards the future. 50% now, expect unemployment [00:06:30] to go up in the next six months. That is the highest saying that they expect unemployment to go up since the Great Recession. No wonder why Donald Trump's approval rating on jobs and employment have fallen through the floor. You know that moment right before you launch something new that pit in your stomach? [00:06:45] I remember when I started TYT, I thought to myself, what if no one watches? What if we run out of money tomorrow? It was scary. Still, think about that every once in a while, but you pushed through and having the right tools makes all the difference. Like when we launched Shop Tight, Shopify was a lifesaver. We use it and we loved it. [00:07:00] If you're starting a business, those what ifs can be terrifying. And that's where Shopify comes in. What if I can't build a good looking website? Shopify has hundreds of templates to build a beautiful online store that actually matches your brand. What if people haven't heard of my brand? 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I wanted to save it and watch it live. Let's see if he succeeds in convincing us that things aren't [00:08:29] really as bad as we think. The jobs report is going to come out tomorrow. We have to revise our expectations down significantly for what a monthly job number should look like. When we were letting in 2 million illegal aliens just coming in, coming in. [00:08:47] We had to produce 200,000 jobs a month for steady state. And by the way, all of the jobs that we were creating in Biden years were going to illegals. Americans were going to the unemployment lines. That's totally reversed. And now 50,000 a month is going to be more like what we need. [00:09:05] So Wall Street, when this stuff comes out, they can't they can't rain on that parade. They have to adjust for the fact that we're deporting millions of illegals. That's a good part of our job market. But it sounds like you're expecting a weak number tomorrow. No, not expecting a weak number. [00:09:21] I'm just saying that going forward, when we see a number under 100,000, we don't wring our hands. We say, yeah, that's going to be steady state. That was amazing. That was amazing. He blamed he he blamed immigrants. He blamed immigrants. [00:09:40] That's Peter Navarro, the guy who loves Trump's tariffs policies and very likely doesn't want to take ownership of the fact that the tariff policies have destroyed the economy. That is amazing. You're going to blame. You're gonna blame immigrants for it. Oh my God. [00:09:57] Is there anything they don't blame immigrants for? Maybe take a second to consider your own incompetence, and the fact that you've promoted a policy that has been detrimental to our economic health. But no. [00:10:13] God forbid they ever take ownership for their own mistakes. They'll go ahead and blame immigrants instead. It is amazing. Now, the real question is, will the American people buy that spin? I'm going to venture to say they won't, but we're going to wait and see. [00:10:28] Every time you ring the bell below, an angel gets his wings. Totally not true. But it does keep you updated on our live shows.