REALITY CHECK: Economists Warning of a “Serious Trump Recession” – While Scott Bessent Claims “Not At All” Worried
March 16, 2025

Americans’ 401(k)s are plummeting, unemployment is rising, and consumer sentiment is tumbling – all while Donald Trump’s Treasury Secretary is desperately trying to downplay dire economic numbers by claiming he’s “not at all” worried as economists are sounding the alarm on a “serious Trump recession.” But no matter how Trump and Scott Bessent try to spin it, the American people have had enough of their reckless and out-of-touch economic priorities.
While Scott Bessent ignores “red flags” in our economy, Americans are showing their disapproval of Trump’s disastrous economy:
- Polling this week shows that a majority of Americans disapprove of Trump’s handling of the economy, putting him “underwater on the nation’s top issue”:
- Trump’s overall net approval rating is 9 points underwater (45%-54%)
- On inflation and prices, Trump’s net approval is negative (38%-52%)
- 56% of Americans disapprove of Trump’s handling of the economy — “worse than at any point during his first term in office”
- 42% of Americans said the economy is their top issue, “more than doubling” any other listed issue
- A majority of Americans blame Trump for rising costs and are fed up with his broken promises to get the economy back on track:
- Trump’s job and economic approval ratings are both “underwater”
- Twice as many Americans say the economy is getting worse than getting better
- Two out of three Americans do not expect to see positive economic growth in the coming year
- 62% of Americans said prices have gone up in the past few weeks
- Economists – and Republicans – are warning that Trump’s expensive agenda will cost Americans’ pocketbooks:
- Nearly 60% of Americans expect Trump’s $100 billion national tax to lead to higher prices
- Economic policy uncertainty hit the “highest level since the pandemic”
- Economists are warning that a “serious Trump recession” has become a “real possibility”
- U.S. employers cut more jobs last month “than any February since 2009”
- GOP Sen. Thom Tillis warned that Trump’s agenda could be “inflationary”
- GOP Rep. Adrian Smith also suggested that Trump’s agenda could raise consumer costs