CNN's Harry Enten analyzed the data and was astonished by how rapidly and intensely Americans have distanced themselves from President Donald Trump.
The data analyst has assessed public discomfort regarding Trump's management of the economy during the early part of his second term and cautioned that this concern might ultimately play a significant role. sinking His time in office, and he mentioned that the initial outcomes from the stock market downturn following his tariff announcement are unfavorable.
“If this qualifies as a boom, then I’d really like to understand what constitutes a bust,” Enten remarked. “Goodness me! Let’s consider the S&P 500—it’s fallen by 15 percent during President Trump’s tenure. This index has tracked data pretty much from 1957 onwards. So, I delved into historical records looking for instances where we saw a drop of 15 percent when a president took over during a bullish phase. And there aren’t many.” only one dude On your screen, it's Donald John Trump. During his early tenure as President, he experienced a 15% decline in the S&P 500 index amid what began as a bullish market environment upon taking office. Interestingly, only another president faced such significant losses at an equivalent stage: George W. Bush did so back in 2001 due to the bursting of the dot-com bubble. However, unlike Bush, Trump inherited strong economic momentum but still saw the S&P 500 plummet by 15%.
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Wall Street analysts are observing indicators of an impending recession following the implementation of Trump's tariffs, and this pessimistic forecast is beginning to influence public sentiment. perceptions of the president.
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"Take a look at these figures; you might not be shocked to find Donald Trump’s net approval rating,” Enten commented. “If we compare his current standing to where it stood at this stage of his first term, back then he had a positive five-point margin. Now though, things have drastically changed—he has sunk well below zero. It's like he's drowning, completely submerged under the waves. Consider this: His present -12 point score marks him as the least popular president at this juncture in office since records began. This is something I never anticipated witnessing because, as mentioned earlier, Trump pledged an economic surge. People initially believed in it, yet up until now, their faith hasn’t been rewarded.”
When considering economic downturns, one might recall Jimmy Carter and the recession during his tenure, correct?” Enten remarked. “It took him 11 months to reach a negative net approval rating on the economy, stretching till December ’77 or early ‘78. In contrast, Donald Trump achieved a net negative approval rating within just two months of taking office. This makes him the quickest president ever to turn negative. Compared to Carter, it’s clear—two is less than eleven. While Carter required considerable time, Trump swiftly faced voter disapproval.”
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