Tuesday, May 26, 2026
Vol. VIII
Est. 2019

The Mind Shield

News · Opinion · Politics · Analysis

Trump’s econ chief blames Democrats for record low consumer sentiment.

Trump’s econ chief blames Democrats for record low consumer sentiment.
National Economic Council Director Kevin Hassett looks on as President Donald Trump speaks during a press availability in the Oval Office at the White House on Sept. 5 in Washington, D.C. Photo: Kevin Dietsch/Getty Images / Getty Images.

Kevin Hassett, director of the Trump White House National Economic Council, is laying the blame squarely on Democrats as consumer sentiment slips to a record low in Donald Trump’s second term.

According to the University of Michigan’s Surveys of Consumers, the index of consumer sentiment slipped to a final reading of 44.8 in May, a 5-point decrease from April and a 7.4-point drop from this time last year.

In an interview on Fox News, Hassett attacked the survey, suggesting it is rigged, and blamed Democrats.

“We looked at the political affiliation of the people who are responding, and we found that at the peak of Biden’s stagflation with inflation running out of control, that Democrats in the survey had a sentiment index that was way above 100,” Hassett argued in a clip highlighted by Mediaite. “Right now they’re at 30-something. And then Republicans have stayed relatively steady throughout.”

“It’s just a political survey. And in fact, the correlation between what independents say and Democrats say is 0.8 or 0.9. It is almost exactly, perfectly correlated,” he continued. “So what they have done is they have somehow devised a political survey that tells us how Democrats are feeling about things.”

But according to the survey, sentiment among independents and Republicans declined to their lowest levels of Trump’s second term, while Democratic sentiment remained roughly the same as last month.

Trump’s handling of the economy has collapsed even among Republicans, as Americans struggle to deal with the fallout from his unpopular war with Iran.

“Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices. Sentiment is now just below the previous historical trough seen in June 2022,” Surveys of Consumers Director Joanne Hsu said in a statement. “Critically, consumers appear worried that inflation will increase and proliferate beyond fuel prices, even in the long run.”