Paul Krugman: “While much of MAGA is motivated by hatred of an open society — by racism, misogyny and the desire to end all things woke — the swing voters who put Donald Trump over the top thought they were supporting a great manager who would fix the economy, reducing grocery prices and restoring good jobs.
It was inevitable that they would eventually feel buyers’ remorse, because Trump never had plans to deliver on his economic promises; on the contrary, almost everything he’s trying to do will make the economy worse.”“Even so, it’s stunning just how quickly consumer confidence has fallen off a cliff…”
“What’s truly remarkable from my perspective, however, is that Trump’s economic team seems to be even more despairing than the general public.”