The Michael Knowles Show
Ep. 1709 - The Stock Market Is Crashing — and Americans Love It
Apr 7, 2025
The podcast dives into the surprising rise of Trump's approval ratings amidst a crashing stock market, linking it to public sentiments about tariffs. It explores economic inequalities affecting the middle class, emphasizing the urgent need for reform. The conversation also touches on alarming statements from political figures regarding economic stability. Additionally, it examines the complexities of public reactions to allegations against celebrities and the contradictions in immigration policies under Trump's presidency.
45:18
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Quick takeaways
- Despite a crashing stock market, public approval for Trump has risen, signaling a disconnect between economic analysts and public sentiment.
- The systemic issues in the economy reveal a troubling wealth disparity, with average Americans indifferent to market fluctuations due to lack of equity investment.
Deep dives
Market Reactions and Approval Ratings
Despite significant declines in the stock market, President Trump's approval rating has increased, surprisingly rising from 49% to 53% during a week marked by negative financial news. This spike is particularly notable among younger voters, showing a 13-point increase in approval, as well as a 17-point rise among black voters within the same period. Public opinion appears to favor Trump's tariff policy, with a poll indicating that a greater percentage of people support the tariffs than oppose them. This highlights a disconnect between economic analysts and the general public, showcasing that many individuals do not directly associate market downturns with negative impacts on their economic situations.
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