Wow. Trump and inheritances. Where would he be without them.
The next president inherits a remarkable economy
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Or "scum," as Trump referred to the reporters and photographers who covered his rally yesterday.
This economy is a rocket ship.
Too bad Trump would torpedo it by deporting a good chunk of the labor force and imposing tariffs that would send prices through the roof.
Anything good at all is bc Biden/Harris are unable to get what they want done. Mark my words mark if we don’t get divided gov Harris will resume the free cheese insanity and prices will sore. And if Trump actually does go forward with what he claims on tariffs prices will sore. Hopefully whomever wins gets nothing their instincts desire.
And hopefully both recognize that they don’t have a mandate. Half the country detests them. So dont repeat the 100 days of insanity Biden had. Be diplomatic and cognizant of everyone
Yes. His economic plan is inflationary. He’ll fvck everything up, which is what he does best.
And all the free giveaways weren’t 🤣🤣🤣 41 year jump in inflation. It was 1.4 when Biden Harris took office. Good grief
2022 Inflation Hit a 41 Year Record | Committee for a Responsible Federal Budget
2023-03-06-Inflation surged at the fastest pace since 1981 last year, based on the final Consumer Price Index (CPI) and Personal Consumption Expenditure Price Index (PCE) figures released by the
How do you see the inflation of all developed countries, and we returned to normal most quickly of all. You love to say it was 1.4% when Biden took office, and say it was the free cheese which caused it and not supply chain etc. Who started the free cheese? Hint who gave us 25% of our federal debt in his first term? I’d love to see actual data and not redundant proclamations which only paint one side negatively. Both sides suck!
Our core inflation was bumped by as much as 3 points according to the fed. They published it a thousand times. That was a product of overheating the economy with excess stimulus from Biden Harris. Started with trump but Biden Harris set it on fire. As part of policy they wanted to expand the welfare system. Follow the timelines. It jumped to a 41 year high after all the free cheese. Free checks. Unemployment extensions. Stays on foreclosures and rents. Child tax credits converted to monthly checks. People were flush and overheated the economy causing prices to skyrocket. 20 percent plus since the election. And they were told it would happen. Biden Harris are truly dumb and dumber
Social workers with no idea what they’re doing
Musk has already warned us, there will be hardship. Crab legs are going to go through the roof.
Yep. There are countless bankruptcies, failed businesses and non-profits/foundations legally required to shut down. He's a horrible executive. Ironically, one of his only major successes was playing a successful businessman on a reality TV show.
The good news...whoever wins Tuesday is inheriting a good hand, economically. I think to McMurtry's point, both of them are quite capable of messing it up, if they lead from their worst impulses and/or worst policy positions.
If Tuesday results in split legislative and executive branches...we'll all be "fine". If either side gets control of both, the risk level for phuckage skyrockets...no matter which way it tips.
If Tuesday results in split legislative and executive branches...we'll all be "fine". If either side gets control of both, the risk level for phuckage skyrockets...no matter which way it tips.
Ha...Trump probably doesn't like Musk saying that. My prediction is that the Trump-Musk bromance is doomed to crash and burn sooner or later. At some point, they'll clash on something. Trump will probably end up making fun of Musk for jumping around on stage at one of his rallies and calling himself Dark MAGA.
Real Wages were up 8% during Trump's tenure compared to 1% during Biden's. The economy was much better when Trump was in office. Nominal GDP growth doesn't = great economy.
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There's always bankruptcy court to bail you out when you make a lot of fool decisions (At least it's worked for Trump in the past).
This analysis of the 2 economies during both admins seems to offer a different take...
Jobs, inflation, wages: How the economy has fared under Trump and Biden
Former President Trump claims to have had a much better economy than President Biden but does the data bear that out?
www.freep.com
The author is Canadian. That's all you need to know.
I like this.
I hate this.
the GDP print is seasonally and inflation adjusted dude.
Are you sure that Harris, who has adopted Biden's plan, isn't going to do the same thing with tariffs?
Tax Foundation is literally calling them the Trump-Biden tariffs. Each old fvck should be punched in the nuts for being so stupid. But, Harris hasn't shown she even knows what a tariff is.
Yeah, I just don't understand how anyone can claim the economy is such a big deal when both are going to use tariffs like they are going out of style.
Prices aren't going to come down with either one.
I presume most of those posting that think the economy is in great shape are excited about rising layoffs, weak JOLTS data and manufacturing recessions
The ISM Manufacturing PMI was at 47.2 in September 2024, the same as in August, and slightly below forecasts of 47.5. The reading continued to point to a contraction in the manufacturing sector which now extended for six straight months. Demand continues to be weak, output declined, and inputs stayed accommodative. A decline was seen for new orders (46.1 vs 44.6), inventories (43.9 vs 50.3) and backlog of orders (44.1 vs 43.6) while production nearly stalled (49.8 vs 44.8), prices eased (48.3 vs 54) and supplier deliveries indicated slowing deliveries (52.2 vs 50.5). “Demand remains subdued, as companies showed an unwillingness to invest in capital and inventory due to federal monetary policy and election uncertainty. Production execution stabilized in September. Suppliers continue to have capacity, with lead times improving and shortages reappearing", Timothy Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee said.
Surrender.
And war and death have always boosted the US economy. Since the second Civil War anyway.
Perhaps the Trump administration will be able to reduce the high percentage of US manufacturing occupied by the military-industrial-surveillance complex.
Voters are catching on to Trump's shitty economic plan. Even Musk said recently Americans should be prepared for economic "hardships" during a Trump term. What a clown show.
www.foxnews.com
Fox News Poll: Harris erases Trump’s lead on the economy in Michigan
With less than a week until Election Day, voters finds Vice President Harris up 2 points over former President Donald Trump on the expanded ballot.
I don't know how a guy with supposed business savvy can bankrupt three casinos, but Trump managed to pull it off. He was literally the biggest financial loser in the US for a 10 year period in the '80s and '90s and had become little more than a punch line. Then his parents died, he got a massive inheritance, and he was back in the game.
He's great at branding and conning. That's it. He fvcks up everything else.
YikesI presume most of those posting that think the economy is in great shape are excited about rising layoffs, weak JOLTS data and manufacturing recessions
The ISM Manufacturing PMI was at 47.2 in September 2024, the same as in August, and slightly below forecasts of 47.5. The reading continued to point to a contraction in the manufacturing sector which now extended for six straight months. Demand continues to be weak, output declined, and inputs stayed accommodative. A decline was seen for new orders (46.1 vs 44.6), inventories (43.9 vs 50.3) and backlog of orders (44.1 vs 43.6) while production nearly stalled (49.8 vs 44.8), prices eased (48.3 vs 54) and supplier deliveries indicated slowing deliveries (52.2 vs 50.5). “Demand remains subdued, as companies showed an unwillingness to invest in capital and inventory due to federal monetary policy and election uncertainty. Production execution stabilized in September. Suppliers continue to have capacity, with lead times improving and shortages reappearing", Timothy Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee said.
Here is good comparison by Forbes with the following covenant with which I firmly agree...
If voters can agree on anything, it’s that the economy is a top concern in this year’s contentious race. It is debatable whether any sitting president, or vice president, can exert much control over an economy as large and complex as that of the U.S. Yet, both candidates are running on their respective administrations’ economic records, so let’s have a closer look.
No. She's not.
What tariffs do and why economists don't like them
Trump keeps expanding his tariff plans, but most trade analysts across the political spectrum warn they’d inflate consumer prices.
www.nbcnews.com
I disagree and would argue the recent surge in inflation from 2021 to today is an example of how much control a President can have over our economy.
No. She's not.
What tariffs do and why economists don't like them
Trump keeps expanding his tariff plans, but most trade analysts across the political spectrum warn they’d inflate consumer prices.
And Harris? Or has she still not laid out any specifics, per usual?
SC, yep, as the article mentioned, the control over say inflation by a president is debatable.
While on debatable subjects, do we give the Federal Reserve credit for recent decrease in inflation ?
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She's ok with continued tariffs on China. She's vehemently opposed to Trump's across-the-board import tariff.
