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University of Michigan ‘Current Conditions’ Index Falls to Record Low as Polls Blame Trump

A CNN analysis says the slump poses a serious risk to Republican control of Congress if it continues.

Overview

  • The University of Michigan measure of how consumers view current conditions is at its worst level on record, with a drop of about 30% since January when Trump took office.
  • Polling cited by CNN shows 61% of Americans say Trump's policies have worsened overall economic conditions, and 51% say their own finances have gotten worse.
  • Among pure independents, 79% disapprove of Trump's handling of the economy, a level mirrored by Marquette University data showing 76% disapproval.
  • CNN's Harry Enten warns that if these readings persist, Republicans could lose their House majority and face risks in the Senate.
  • Trump has claimed there is almost no inflation and has floated tariff rebate checks, while PoliticusUSA reports he is not releasing some jobs and economic data.