REALITY CHECK: Trump’s Approval Ratings Fall as Markets Plummet and Unemployment Rises
March 11, 2025

Donald Trump spent the campaign lying to voters about an economic boom on Day One – but now he’s backtracking with warnings of “pain” and “disturbance” for the American people. As voters (and Trump himself) brace for a “serious Trump recession,” Americans are turning on Trump’s disastrous handling of the economy as uncertainty about his reckless agenda hits the “highest level since the pandemic.”
Here’s a look at the American people’s disapproval of Trump’s reckless economic agenda:
USA Today: “Trump promised a boom. Now he’s bracing Americans for economic turbulence”
“Now – nearly two months into a second Trump term – his administration is bracing Americans for economic turbulence as last year’s campaign rhetoric collides with the reality of an increasingly uncertain economy.
“Trump and others in his administration have talked in recent days about the potential for ‘disturbance,’ ‘disruption’ and a ‘detox period’ in the economy as it adjusts to Trump’s tariffs on leading trade partners and widespread public sector job cuts …
“The president wouldn’t rule out a recession in an interview that aired Sunday …
NPR: “As Trump downplays economic fears, this data shows people feel differently”
“Since the start of Trump’s second term, there has been a whirlwind of policy changes that many economists say has fueled this uncertainty. …
“The Economic Policy Uncertainty Index provides a snapshot of this sentiment. …
“Currently, the index stands at its highest level since the pandemic. …
“Likewise, the University of Michigan’s index of consumer sentiment has also taken a hit due to tariffs and inflation. In February, it fell nearly 16% compared to a year ago. …
“In its latest survey of small business optimism, the National Federation of Independent Business on Tuesday said its index had fallen by 2.1 points in February to 100.7. … The NFIB said its uncertainty index also rose 4 points to 104, the second highest reading.”
The Guardian: “Trump makes flurry of posts as global markets fall amid fears of US recession”
“Donald Trump posted to social media more than 100 times on Monday in a frenzy of self-aggrandizing messages even as the global stock market fell sharply amid fears that his economic policies could produce a US recession. …
“After US markets closed – with the S&P down 2.7%, the Dow Jones down 2%, the Nasdaq down 4%, and shares in Elon Musk’s Tesla seeing their worst day since late 2020, falling 15 points – Trump’s account was posting ads for The Apprentice.”
The Hill: “President Trump’s approval rating has dropped a few points since he first took office, with voters increasingly expressing concerns over the state of the economy, according to a poll released Tuesday. …
“The public’s views of the economy under Trump seem to be a drag on his overall approval rating, with a plurality of 48 percent saying they don’t approve of Trump’s handling of the economy, while 37 percent approve. …
“Stocks fell even more sharply — with the Dow Jones dropping 890 points — Monday after Trump punted on saying whether the country should expect a recession.”