Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.
Summary
Donald Trump is set to inherit a stable U.S. economy, but his actions have introduced uncertainty. Now he faces challenges including stubborn inflation and a potential government shutdown.
His actions, such as threatening tariffs and undermining bipartisan deals, have unsettled markets and raised concerns among voters and the Federal Reserve.
Trump’s economic agenda, including tax cuts and deregulation, faces skepticism and potential limitations due to a higher national debt and public dissatisfaction.
This seems like good news for the owner class: Higher national debt? Yay, we’ve socialized our losses. Public dissatisfaction? Great, keep people distracted from the actual problem (us).
Seems like the owners are getting what they hoped for.
Who knew the guy who caused the economy to crash by ignoring COVID would inject uncertainty into the market.
He is certainly shows running it faster than I expected.
I thought we'd get a year or two in...until his dumbass tariff and tax plans kick in. Did not have "tank economy before taking office" on my bingo sheet
I figured it would be pretty instant as soon as he mentioned tariffs.
Your average Joe may not know much about how tariffs work, but the finance people that do most of wall street trading, and the big corporations that rely on international trade certainly know how they work.
Trump basically promised to halve the market for most products in the US. Sure, some businesses may see this as an opportunity to increase prices above the tariff costs to squeeze even more profits, but any large company that operates on volume, like Walmart, should be shitting bricks right now. If half the people shopping at Walmart right now won’t be able to afford the products next year, the company is going to have to massively downsize or risk financial ruin. They already operate on narrow profit margins per item. If they sell less of imported goods, their revenue will drop through the floor.
I had just the tiniest little inkling. But ain't nobody listening to me, that much is for certain.
Public dissatisfaction eh?
The public voted Trump in, and now the public is dissatisfied? Sorry but that's a bit rich. When you shoot yourself in the foot, you lose the right to complain about guns.
I don’t trust anyone who claims to know what the public is thinking.
I don't trust any presidential candidate.
You know why?
Because anybody who runs for president is someone who woke up one morning, looked in the bathroom mirror and thought "I know what the country needs, and that's ME."
Anybody who has the type of narcissistic personality required to even think of running for president is not entirely fit mentally and inherently highly dangerous.
That's one confrontative way of disagreeing, I guess. You could've done better.
Any one want to take odds that he won't pay the interest on debts and claim be cut spending
Public dissatisfaction aside, doesn't the government direct benefit from high inflation because it means its debt is cancelled?
strong in the healine is a bit much. stable is more correct. It is one that has recovered from his bullshit but it would take another time to be doing somewhat better. Its the same story each time but with biden only being one term its going to be an epic in a bad way four years.