This is a big problem. When consumers decide to slow their spending, the entire economy slows. When they feel bad for an extended period of time the only good thing that comes of it is a higher savings rate. Remember how the dolts in the administration touted record credit card use? If consumers start paying off their credit cards they are not spending in current terms, simply completing purchases made months ago. As higher fuel costs continue to seep into the economy those costs will weigh heavily on consumers for months, right up to and beyond the election. The 35% of voters who support Trump come hell or high water may not be able to overpower the Dem and swing voters sick of the inability of MAGA politicians to right the economy.

Do politicians voted out of office get unemployment? Asking for a bunch on the way out ...