Staff Reports
Consumer sentiment among Republicans has shot up nearly 30% in the wake of President-elect Donald Trump’s triumphant return to the White House, according to the latest data from Morning Consult. Apparently, the only thing that could rival the jubilant mood among conservatives is the stock market’s wild reaction, which is nothing short of a few stock traders doing backflips in their lounges.
On election night, the market responded to Trump’s victory as if it were a kid in a candy store. The Dow Jones industrial average closed on a high note, while cryptocurrency enthusiasts were practically dancing in the streets as Bitcoin skyrocketed past the $90,000 mark. Just days before, it had only been hanging around $70,000 like a teenager too afraid to ask someone to prom. Meanwhile, the dollar took a victory lap, reaching heights not seen since November 2022, showcasing the optimistic economic outlook conservatives have been eager to embrace.
The policies that have Republican hearts racing include tariffs, a tougher stance on immigration, the continuation of tax cuts set to expire in 2025, and scrapping regulatory burdens that often tie U.S. industries in knots. Conservative voters made it clear during the election that their economic well-being rests on who occupies the Oval Office. The gulf between how Republicans and Democrats feel about the economy has become a chasm, with Republicans celebrating their newfound optimism while Democrats watch in despair.
🦅🇺🇲💪🏻➡️ Greg Steube: Under President Trump’s leadership, Republicans are ready to take bold action to tackle inflation, cut taxes, and rebuild the economy that Biden and Harris have left in shambles.
Americans deserve a government that puts money back in their pockets and… pic.twitter.com/LTfNhsAbEf
— AɯƙɯαɾԃMαɱα™® (@AwkwardMamaNews) November 12, 2024
In stark contrast, consumer sentiment among liberals has plummeted a disheartening 13%, hitting the lowest level since 2023. Despite the previous two years of the Biden administration featuring reports of job growth, wage increases, and easing inflation, it appears that the left finds it hard to enjoy a silver lining when their guy is out of the picture. The slight uptick in optimism that emerged just before the election seems to have come too late for Democrats to capitalize on.
As President Biden’s time in office winds down, the economic landscape will remain front and center in the minds of voters sizing up a Trump presidency. Whatever policy shifts and announcements come from Trump are expected to be met with enthusiasm from Republicans and anxiety from Democrats, who are bracing themselves for what could be another rollercoaster ride of an administration. For conservatives looking to cash in on a Trump resurgence, there has never been a better time to pop the champagne.
