Craig Fuller, the CEO of FreightWaves, a freight-focused organization that analyzes the freight and logistics market, has regretted "enthusiastically" supporting President Donald Trump's victory in the 2024 election, warning that the administration's policies are likely to "wipe out supply chains and small businesses within 100 days."
"I did not vote for a neutron bomb to wipe out supply chains and small businesses 100 days in," he wrote on the social platform X on Sunday.
"I thought I was voting for pro-business policies and small, targeted, and incremental tariffs that would encourage the production of strategic industries to return to the Americas," Fuller said, adding that this is what happened under Trump's previous term.
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Last month, investment adviser Steve Rattner, who served as a counselor in the Treasury Department under former President Barack Obama, said many businessmen who supported Trump may come to have buyer's remorse in the months ahead.
"While very few businessmen have been publicly praising the president and his actions, in private, many of them voice support for him…. The business community is also heartened by the number of corporate executives who have been brought into the administration, in stark contrast to the Biden team, which was almost bereft of such individuals," he told MSNBC.
Rattner added that the country is now in "an economic tug of war between the optimism felt by investors and executives and the worrisome potentialities of Mr. Trump's incoherent policies."
"My business friends may yet come to regret their support for the president," he added.
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In the last month, public outrage over the administration's policies has increased, even in strongly conservative areas. Issues like suggested reductions to social security, Medicaid, and veterans' healthcare, along with the administration's strict stances on immigration and deportations, appear to have angered many voters. This anger by constituents is being expressed in town hall meetings held by Republican members of Congress.
On Sunday, statisticians Nate Silver and Eli Mckown-Dawson pointed out that after 88 days in office, Trump's net approval rating stands at -5.2, which is lower than any other president recorded in their historical database, except for Trump himself, who had a net approval rating of -9.8 on the same day of his first term.
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