New Home Construction and Consumer Sentiment Free-Fall As Tariffs Hike Health Care Premiums and An Unemployment Crisis Looms
As summer sets in, even more economic disasters are proving devastating for Donald Trump’s economy: housing starts are going south, builder sentiment is negative, and consumer sentiment is in the red as tariffs hike health care premiums and young graduates struggle to find jobs. The numbers make it clear that the American people are nervous about the direction of the economy. Meanwhile, Republicans in the Senate are hammering out just how severely to slash essential health and food services for vulnerable seniors and children so they can line the pockets of Trump’s billionaire friends.
HEADLINES
- 🏡 Homebuilder Sentiment Nears Pandemic Low As Economic Uncertainty Plagues Consumers (CNBC).
- 🦺 New Home Construction Falls to Five-Year Low (Bloomberg).
- 🛒 Consumer Spending Drops In May As Tariffs Fuel Anxiety (Axios).
- 🧾 Retail Sales Post Biggest Drop In Four Months (Reuters).
- 🏥 Tariffs Drive Some Health Plans To Hike Premiums (Axios).
- 🎓 Young Graduates Are Facing an Employment Crisis (The Wall Street Journal).