President Trump's net approval rating on inflation hit -65 points in AP-NORC's cost of living poll Thursday. CNN chief data analyst Harry Enten points out that this rating is the record low not only for Trump, but for any president ever. Enten also observes that Trump is the first president to poll below -50% net approval on inflation ever: "Donald Trump is underwater. . .among Democrats, independents, and Republicans as well."
0:00 "Oops, he did it again": Enten on Trump hitting another new all-time low 1:37 "How about with independents?" Enten on implications for midterms 3:15 Abby Phillip presents Trump's underwater net approval ratings on multiple issues 4:19 Ex-Trump aide Hogan Gidley: "Two years of record-setting success" for Trump 8:56 Scott Jennings: "You want to surrender to Iran?"
AI Overview "President Richard Nixon instituted temporary nationwide wage and price controls on August 15, 1971, as part of his New Economic Policy to combat rising inflation. 📅 The Policy Timeline • Phase I (August 1971): A 90-day absolute freeze on all wages and retail prices. • Phase II (November 1971): Transition to mandatory guidelines managed by a Pay Board and Price Commission. • Phase III & IV (1973–1974): Gradual relaxation followed by renewed sector-specific freezes. • Abolition (April 1974): Most controls ended as inflation surged. ⚠ Economic Impact and Failure • Short-term relief: Temporarily slowed headline inflation and helped secure the 1972 presidential reelection. • Severe shortages: Artificial caps below market clearing prices triggered empty supermarket shelves, withheld livestock, and severe fuel lines. • Stagflation: Suppressed inflation rebounded violently once lifted, combining with the 1973 oil shock to drive inflation past 12%."
