Feb 9, 2025
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America's busiest airport, Atlanta's Hartsfield-Jackson International, is a blur of activity on the best of days. But an extra layer of anxiety gripped the airport Friday, the eve of a three-day holiday weekend. The partial government shutdown â the longest ever â has thinned the ranks of federal workers who staff airport security lines. And some travelers had braced for the worst.
Some of the fears are now a reality because of Trumpâs and McConnellâs Shutdown. Travel and Tourism đ Hotels đ Airlines đ Consumer Confidence đ TSA đ ... #LongestShutdownEVER
"In no way is the government shutdown a positive for hotel demand and travel", Michael Bellisario, an analyst for investment bank R.W. Baird
Travel and Tourism
The travel and tourism industries generate about $1.6 trillion in U.S. economic activity â one-twelfth of the economy â and one in 20 jobs, according to the Commerce Department. Macroeconomic Advisers says it now expects the economy to expand at just a 1.4 percent annual rate in the first three months of this year, down from its previous forecast of 1.6 percent, because of reduced government spending during the shutdown.
Hotels suffering except Trump's of course!
In the Washington area, including its nearby suburbs in Maryland and Virginia, hotel revenue plunged 26 percent in the second week of January compared with the same period last year, according to STR, a travel research firm. That's much steeper than the 8 percent decline that occurred nationwide.Â
Airlines
Delta said this week that the shutdown will cost it $25 million in January because fewer federal employees and contractors will be flying. By contrast, United Airlines, which has a substantial presence around Washington, D.C., said it hasn't felt much impact yet.Â
TSA
But the airlines fear that if the shutdown doesn't end soon, more TSA agents will call in sick or quit
The TSA predicts it will screen over 8 million passengers between Friday and Monday, up 10.8 percent from last year's MLK weekend. And it will do so with fewer screeners. On Thursday, the TSA said 6.4 percent of screeners missed work â nearly double the 3.8 percent rate on the same day in 2018.Â
Consumer Confidence
Consumers are, in fact, taking a dimmer view of the economy, in part because of the shutdown. A measure of consumer confidence fell this month by the most in more than six years, according to the University of Michigan, which conducts the survey.
If Americans were to cut back on travel and other discretionary spending, it would weaken consumer spending, the U.S. company's primary fuel.
Whatâs the cost to businesses who are dependent on the 800,000+ federal employees and 2 million federal contractors?
Remember!
Trump Once Again Tries To Take Credit For Obama's Economy And Twitter Dispenses SWEET JUSTICE
Trump Once Again Tries To Take Credit For Obamaâs Economy And Twitter Dispenses SWEETÂ JUSTICE
Thursday on Twitter, President Donald Trump shared a graph from a Bloomberg article which stated that U.S. Consumer Comfort just reached itâs highest level in over ten years. Of course, Trump took credit for the rise and attributed this news to his special presidential superpowers that enable him to turn around President Barack Obamaâs âdisastrousâ economy in less than three months.
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Prices are going up despite Trump's campaign promises to bring them down on "day one". Americans are losing confidence in the direction of the economy because of chaos endlessly being generated by the White House. Economics and chaos don't mix well.
In the vid, Robert Armstrong from the Financial Times reminds Nicolle Wallace and viewers that tariffs are tax increases â and they are going to be painful ones.
Consumer confidence is below where it was during the Great Recession and about where it was during the pandemic emergency.
This whole situation is entirely of Trump's making. And while the Republican Congress could stop him, it just won't.
You simply can't trust Republicans with the economy. If the economy is good, they'll make it bad; if it's bad, they'll make it worse.
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America's Wag-the-Dog Moment
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Malaysian consumer confidence is weakening. Key drivers are clear and quantifiable
Malaysian confidence in long-term finances is weakening, driving households to cut non-essential spending and focus on daily needs, according to the Vodus Consumer Sentiment Study 2025. Surveys of 10,673 adults show rising worries over budgeting, credit use and retirement readiness, with only 44% feeling prepared for retirement. Most respondents now prioritise food, utilities and housing,âŚ