If you're wondering why Donald Trump and his crackerjack team of advisers are eyeing more frivolous tax cuts when the economy is supposedly so very strong, take a look at this new polling from CNN showing a dip in consumer confidence. The 65% of Americans who think the nation's economy is "good" is a 5-point slip from “good” responses to the CNN/SSRS poll from May.
Similar to other recent polls, Trump's approval numbers have also ticked down slightly from 43% in June to 40% now. This week's NBC/Wall Street Journal poll also found Trump's approval rating on the economy, in particular, had narrowed from being a 10-point net positive in May (51%-41%) to a 3-point net positive (49%-46%).
If people continue to be fearful or more signs of a potential recession kick in, expect more proposals from Team Trump to inject more useless sugar highs in the form of tax cuts into the economy. Meanwhile, pay no attention to the ever-growing deficit casting a shadow over all future generations of Americans.