In his latest Substack newsletter, Paul Krugman dissects the Trump administration’s impact on consumer sentiment, revealing his own surprise at the dramatic loss of confidence.

While much of MAGA is motivated by hatred of an open society — by racism, misogyny and the desire to end all things woke — the swing voters who put Donald Trump over the top thought they were supporting a great manager who would fix the economy, reducing grocery prices and restoring good jobs. It was inevitable that they would eventually feel buyers’ remorse, because Trump never had plans to deliver on his economic promises; on the contrary, almost everything he’s trying to do will make the economy worse.

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As everyone knows, during the campaign Trump repeatedly promised to bring grocery prices down on Day One of his presidency. As soon as the election was over, however, he declared that “it’s hard to bring things down once they’re up.” He didn’t quite say “Nyah, nyah, fooled you!” but he might as well have. And this reversal was completely predictable.

What has happened since then has been much more surprising. I would have expected Trump officials to wait a while, to start offering excuses for a bad economy only after the economy actually, you know, turned bad. But no, they’re already telling us to expect hard times as the economy goes through a “detox period.”

I think Krugman is more astonished at the incompetence than anything else. Honestly, I don’t know why.

This is what every Democrat was saying was going to happen before the election, but too many people didn’t believe them. Now everyone reaps the bullshit that’s about to be sowed.