US Media: Republicans' Confidence in the Economy Plunges

Odaily News According to Axios, over the past six months, Republicans' confidence in the economy has declined sharply at a pace not seen since the pandemic, with the drop comparable to levels witnessed during the global financial crisis nearly two decades ago. Typically, the ruling party tends to be more optimistic about the economy, while the opposition is far more pessimistic. What's unusual now, however, is that even with Republicans controlling the White House, Republican voters have grown increasingly negative about the economy this year. With only two months left until Election Day, this adds another "bad omen" for Trump.

The director of the University of Michigan's consumer survey stated that most of the time, Republicans and Democrats show roughly parallel trends in economic confidence—but that is not the case right now. Republicans initially held very positive expectations for the administration's economic policies, including tariffs, yet they have seen neither slower inflation nor the price declines Trump promised. (Jin Shi)