{"id":7006,"date":"2025-09-07T00:40:15","date_gmt":"2025-09-07T00:40:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/7006\/"},"modified":"2025-09-07T00:40:15","modified_gmt":"2025-09-07T00:40:15","slug":"analysis-trumps-economy-problem-is-threatening-his-entire-agenda","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/7006\/","title":{"rendered":"Analysis: Trump\u2019s economy problem is threatening his entire agenda"},"content":{"rendered":"<p>                Facebook<\/p>\n<p>                Tweet<\/p>\n<p>        <a class=\"social-share_labelled-list__share\" href=\"mailto:?subject=CNN%20content%20share&amp;body=Check%20out%20this%20article%3A%0Ahttps%3A%2F%2Fwww.cnn.com%2F2025%2F09%2F05%2Fpolitics%2Feconomy-jobs-report-trump-agenda\" data-type=\"email\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"share with email\" title=\"Share with email\"><\/p>\n<p>                Email<br \/>\n        <\/a><\/p>\n<p>                Link<\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf6yh96t004x26p67i3h3u53@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            President Donald Trump came into office with massive plans to overhaul the way the US government operates and consolidate power in himself.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam00053b6nwgh4fbfp@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            And he\u2019s <a href=\"https:\/\/www.cnn.com\/2025\/08\/11\/politics\/trump-blowback-looming-analysis\" rel=\"nofollow noopener\" target=\"_blank\">been largely successful<\/a> in implementing that vision, thanks to a cowed Congress, timid institutions and a languid judiciary.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam00063b6nmnqkyi6w@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But there are growing signs that his entire agenda could be undercut and his party could face massive political consequences because of his hubris on the single most important issue to Americans: the economy.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam00073b6njrk0o58a@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            A new <a href=\"https:\/\/www.cnn.com\/business\/live-news\/us-jobs-report-august-2025\" rel=\"nofollow noopener\" target=\"_blank\">Bureau of Labor Statistics report<\/a> Friday confirms some the worst fears about a worsening jobs market. A brief recap:\n    <\/p>\n<p>            Preliminary numbers show just 22,000 jobs added in August, a very low number for an economy that generally needs to create about 100,000 jobs every month to <a href=\"https:\/\/www.cnn.com\/2023\/11\/03\/economy\/jobs-report-october-final\" rel=\"nofollow noopener\" target=\"_blank\">keep up with population growth<\/a>.<\/p>\n<p>            Revisions in other months mean the economy has created only an estimated 107,000 jobs over the last four months combined. Apart from recessions and their aftermaths, those are the worst numbers in decades.<\/p>\n<p>            June\u2019s jobs numbers were revised into negative territory (13,000 jobs lost), making it the first negative month since December 2020.<\/p>\n<p>            Despite Trump\u2019s promises of his tariffs revitalizing U.S. manufacturing boom, that industry has now lost 78,000 jobs this year.<\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70g9wb000x3b6n8dnjqs7q@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The Trump administration has made pains to try to neutralize headlines about these jobs numbers, including last month by <a href=\"https:\/\/www.cnn.com\/2025\/08\/04\/business\/bureau-of-labor-statistics-jobs-report-explainer-hnk\" rel=\"nofollow noopener\" target=\"_blank\">baselessly suggesting the numbers are being rigged<\/a> to make them look bad. (There is no evidence for this, and there are safeguards to prevent such manipulation.) After a bad July jobs report, Trump fired the head of BLS and now aims to replace her with <a href=\"https:\/\/www.cnn.com\/2025\/09\/05\/politics\/kfile-ej-antoni-bureau-of-labor-statistics-twitter-account-vis\" rel=\"nofollow noopener\" target=\"_blank\">a controversial loyalist<\/a>.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam00093b6nqxw7rwjm@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            If Trump\u2019s past is predicate, such conspiracy theories are likely to be revisited. But on Friday morning, there was apparently only so much the administration could do to spin these numbers.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000a3b6nsxe6z1xb@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump himself took aim at Jerome Powell, re-upping a familiar attack on the Fed Chair over his not lowering interest rates. Others acknowledged the report wasn\u2019t what they were hoping for.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000b3b6nczlx6mpy@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThis jobs number was certainly a little bit of a disappointment right now,\u201d top White House economic adviser Kevin Hassett said on CNBC, while predicting some upward revisions.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000c3b6nxcpvlzf1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Labor Secretary Lori Chavez-DeRemer acknowledged on Fox Business that the new report \u201cunderperformed a bit,\u201d while emphasizing that it at least contained some jobs gains (a very low bar, to be sure).\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/2025-09-05t135925z-374478399-rc2plga3zhi7-rtrmadp-3-usa-economy.jpg\" alt=\"Secretary of Labor Lori Chavez-DeRemer is interviewed outside the White House on Friday.\" class=\"image_large__dam-img image_large__dam-img--loading\" onload=\"this.classList.remove('image_large__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"1600\" width=\"2400\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000d3b6ntzm7b79a@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            And Commerce Secretary Howard Lutnick seemed to plead for patience, asking people to judge Trump\u2019s jobs record not today but in 12 months.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000e3b6nb9vbhsqo@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cYou look at the unemployment rate numbers today \u2013 wait until a year from today,\u201d Lutnick said in CNBC. \u201cWow. It will be amazing numbers.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000f3b6nwrpjrjip@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But that\u2019s asking a lot. People are already judging Trump\u2019s stewardship of the economy more negatively than ever before. And while Trump arguably earned the benefit of the doubt when his tariffs didn\u2019t lead to immediate and crushing consequences, he still faces a deeply skeptical public and potentially disastrous political consequences.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000g3b6nrcj3fn26@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            A Quinnipiac University poll in late August showed Trump with his <a href=\"https:\/\/poll.qu.edu\/poll-release?releaseid=3929\" target=\"_blank\" rel=\"nofollow noopener\">worst economic approval numbers to date<\/a>, in either of his two terms: 57% disapproving to 39% approving.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000h3b6nczuwdvhf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/news.gallup.com\/poll\/694370\/trump-ratings-mood-stay-tepid-august.aspx\" target=\"_blank\" rel=\"nofollow noopener\">Gallup<\/a> pegged his economic approval rating at just 37%, after averaging 52% in his first term. Just 29% of independents approved.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000i3b6nuqx009lw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            A <a href=\"https:\/\/www.scribd.com\/document\/910985644\/Yahoo-YouGov-Crime-Poll-August-2025\" target=\"_blank\" rel=\"nofollow noopener\">Yahoo News-YouGov poll<\/a> showed Americans disapproved of Trump on the \u201ccost of living\u201d by more than a 2-to-1 margin, 62-29%, and by a large margin on trade and tariffs, 58-35%.\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/gettyimages-2228231689.jpg\" alt=\"Customers enter a grocery store in Westminster, California, on August 7.\" class=\"image_large__dam-img image_large__dam-img--loading\" onload=\"this.classList.remove('image_large__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"1600\" width=\"2399\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000j3b6nliq5yapy@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            We\u2019re also seeing some real cracks even in Trump\u2019s ever-loyal base. The Yahoo poll showed 27% of Republicans disapproved of Trump on the cost of living. And a Pew Research Center poll last month showed <a href=\"https:\/\/www.pewresearch.org\/politics\/2025\/08\/14\/how-americans-view-the-trump-administrations-tariff-policies-and-the-gops-budget-and-tax-bill\/\" target=\"_blank\" rel=\"nofollow noopener\">32% of Republican-leaning voters disapproved<\/a> of his tariffs strategy.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000k3b6nsgj5nx96@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            All of which suggests the patience of even Trump\u2019s loyal supporters has already been tested. Are they really going to give him a year to straighten it all out?\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000l3b6not808wqw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The danger for Trump is that the economic picture turns bad enough that it sours Americans on the entire enterprise.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000m3b6nft3rf3so@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump\u2019s power plays are largely built on acquiescence. People might not like his methods, but they don\u2019t necessarily want to fight him on it. As long as these things don\u2019t impact them directly, the backlash is limited.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000n3b6ntxpkxci0@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Indeed, many of Trump\u2019s most controversial initiatives are pretty unpopular \u2013 things like deporting people without due process, putting troops on US soil, the Department of Government Efficiency cuts, and Trump\u2019s signature agenda bill that cut Medicaid. We\u2019ve already seen <a href=\"https:\/\/www.cnn.com\/2025\/07\/17\/politics\/gop-malaise-trump-epstein-analysis\" rel=\"nofollow noopener\" target=\"_blank\">cracks in Trump\u2019s base on some of these issues<\/a> \u2013 along with, most pronouncedly, the administration\u2019s handling of the Jeffrey Epstein files.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000p3b6npmtqd3z9@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But none of those issues has caused a real revolt by Congress or anyone who could impede his agenda.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000q3b6n4uhq5aio@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The economy is perhaps the one thing that could change that rather quickly, and bring these readily apparent concerns about his presidency to the fore.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000r3b6nmh9rmw95@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Should things continue to turn sour, Trump and Co. can blame BLS data and the Federal Reserve\u2019s interest rates all they want. But it won\u2019t be difficult for Americans to trace all of it to something that\u2019s much easier to grasp and attach to Trump: his economy-rocking moves to unilaterally implement huge tariffs. These are moves that he made without consulting Congress, after all, and despite the (gently expressed) reservations of congressional Republicans who spent decades hailing free trade.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000s3b6n8z0lrpjn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump did this despite persistent inflation that still hadn\u2019t really abated. He voluntarily took ownership of an already-tenuous situation and injected it with a huge amount of uncertainty.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmf70ejam000t3b6naj34xuap@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump invested gobs of political capital in this. It\u2019s looking more and more like a bad bet.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"Facebook Tweet Email Link President Donald Trump came into office with massive plans to overhaul the way the&hellip;\n","protected":false},"author":2,"featured_media":7007,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-7006","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/7006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=7006"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/7006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/7007"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=7006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=7006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=7006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}