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.
The guy hasntneven started his presidency yet and he already is crashing the economy
I’m not even mad, I’m just amazed.
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.
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 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.
You should read the part of the Robert Hur interview transcript where Biden talks about deciding to run for president, and talking to his family about it. It’s wild. It’s very, very different from how I imagined it.
The whole thing is actually pretty fascinating. I can’t remember exactly where that discussion is, honestly, but I can probably dig out the page number if you’re interested in reading it.
https://democrats-judiciary.house.gov/news/documentsingle.aspx?DocumentID=5273
The average American not feeling the economy doing well was one of the main reasons Biden/Harris was voted out. People didn’t want more of the same.
The average American was led and instructed to blame the pain they were feeling on Biden/Harris, and led to the conclusion that Trump would be a sensible solution. Neither of those had anything to do with reality, but they saw it on the news and social media, and lo and behold they bought it.
That same average American who made that decision is about to lose their health care and experience a massive downturn to their economic situation, and all on purpose. You can blame the Democrats for being plutocrats who mostly don’t give a shit about working people, it’s true. But at least they weren’t deliberately trying to wreck things, and Biden for whatever reason was actually trying to help. Trump really wants to hurt people. They’re about to get a whole new chapter of “the same,” and they’ll have to be very lucky for it to be limited to economic devastation much worse than anything they experienced so far.
