Brianna Keilar: Markets Soar As Americans Sour On The Economy

"Consumer sentiment in the US is sliding to near historic lows as Americans grow increasingly frustrated with the economy. But don't tell that to stock traders. The S&P 500 has hit four record highs this month. 

CNN senior reporter Matt Egan and CNN chief data analyst Harry Enten break it down." 

Source:CNN News Central. On a personal note: Brianna Keilar is something to see on her feet.

From CNN

As I wrote about the economy 10 days ago: 

"My quick analysis about this jobs report, is employers and consumers don't like tariffs. (Don't need to be a Nobel Prize economist to figure that 1 out) When employers are worried about prices going up and equipment and all the things that they need to keep their business going.. when the cost of business for them goes up, or they're worried about their cost of business going up, like with tariffs, they hire less because they're worried about their cost of business too much, to expand their business. When employers hirer less, production also goes down because they have fewer employees working for them... 

From The New Democrat

There are a couple points that I want you to concentrate on, first.

Astead Herndon said: 

"Usually when we get to this point in politics, we ask the question "who is to blame... who will the voters blame?" I think Trump has actually taken care of that question for us because he made such a show about tariffs, he made such a stamp of this as his economy... 

And as Matt Egan said in this video:

"The Stock Market has taken off ever since President Trump announced he was suspending his "Liberation Tariffs". And the Federal Reserves has shown signs that it will cut interest rates to deal with the weak job market...

Now, if the Fed does cut interest rates this week, or next month, how much do you want to bet that President Trump will have some longwinded (to be kind) Truth Social post, or news conference... taking the credit for the Fed cutting interest rates. I would consider betting my house on that, if I were expecting $10 million in return from that bet. But the reason why consumer spending and the job market are weak right now, is because the President's trade policy. 

I mean if someone blows their house up and then all the sudden they come to the conclusion that they just made a horrible mistake and they call the fire department, you don't give that person credit for putting out the fire that they started. (Assuming you are not stupid, crazy, drunk, or high. Perhaps not a safe assumption today) But Donald J. Trump is what you would call a political arsonist, as well as a political narcissist, so of course he would do that.

Now to my political analysis: it's still the economy, stupid. (To paraphrase James Carville from 1992) That's how Democrats won back complete control of the Federal Government in 1992.  If Harry Enten is correct, as long as that 56% number is anywhere in the ballpark, as far as people who think the economy is getting worst... and if Democrats just focus on that, as well as the Epstein files, and not how you shut down the government and find a way for Republicans to get the blame for that, 2026 should be a great year for them. 

Because Americans tend to vote with the pocketbooks and when 1 party is in complete control of the government and the economy is bad, that party tends to get the blame for it and gets voted out-of-power. 

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