A warning from economist for a second trump term (October 2024)

[JimH52]

https://thehill.com/opinion/finance/4909602-trump-radical-economic-plan-disaster/

In fact, the Biden-Harris economy, which has produced record job growth of 15.7 million new jobs in less than four years, is now achieving the much desired “soft landing” — taming inflation while avoiding a recession and continuing growth. And wages have been growing faster than prices, so workers are feeling more positive about the economy.

All in all, despite COVID, the economy over the last four years has performed remarkably well.

But Donald Trump’s radical economic plan would endanger all the progress we have made. The former president proposes exorbitant tariffs on the imports of goods and services into the U.S. that would bring back high inflation. His so-called Maganomics would be a mega-disaster for American consumers and families.

You were warned, but you voted for him anyway. His policies has the US well on the way to stagflation. His on again, off again tariffs are not only leading the economy into trouble, they are also alienating our most reliable trading partners. Both trump and musk have said we will need to suffer short term pain. It seems economist do not agree with the short term idea. Plus, now even his conservative economist now see his economic policies as incompetent. See below:

Why Is Trump Undermining the US Economy? | by Michael R. Strain - Project Syndicate

Michael R. Strain offers three explanations for a set of policies that have sent investor confidence into a tailspin.

www.project-syndicate.org

In recent weeks, Trump has reversed that good start. I fully endorse the goals of Elon Musk’s Department of Government Efficiency (DOGE) to reduce the scope of government activity and eliminate wasteful spending. But DOGE’s chaos has spooked consumers and investors. Worse, Trump’s on-again, off-again tariff increases and open hostility toward crucial trading partners (Canada, Mexico, and the European Union) have soured business and consumer sentiment, increased inflation expectations, chilled investment, and sent stocks plunging. On March 13, the S&P 500 sank into a correction, falling 10% from its record high three weeks previously.

 

[Harry Dresden]

https://thehill.com/opinion/finance/4909602-trump-radical-economic-plan-disaster/

In fact, the Biden-Harris economy, which has produced record job growth of 15.7 million new jobs in less than four years, is now achieving the much desired “soft landing” — taming inflation while avoiding a recession and continuing growth. And wages have been growing faster than prices, so workers are feeling more positive about the economy.

All in all, despite COVID, the economy over the last four years has performed remarkably well.

But Donald Trump’s radical economic plan would endanger all the progress we have made. The former president proposes exorbitant tariffs on the imports of goods and services into the U.S. that would bring back high inflation. His so-called Maganomics would be a mega-disaster for American consumers and families.

You were warned, but you voted for him anyway. His policies has the US well on the way to stagflation. His on again, off again tariffs are not only leading the economy into trouble, they are also alienating our most reliable trading partners. Both trump and musk have said we will need to suffer short term pain. It seems economist do not agree with the short term idea. Plus, now even his conservative economist now see his economic policies as incompetent. See below:

Why Is Trump Undermining the US Economy? | by Michael R. Strain - Project Syndicate

Michael R. Strain offers three explanations for a set of policies that have sent investor confidence into a tailspin.

www.project-syndicate.org

In recent weeks, Trump has reversed that good start. I fully endorse the goals of Elon Musk’s Department of Government Efficiency (DOGE) to reduce the scope of government activity and eliminate wasteful spending. But DOGE’s chaos has spooked consumers and investors. Worse, Trump’s on-again, off-again tariff increases and open hostility toward crucial trading partners (Canada, Mexico, and the European Union) have soured business and consumer sentiment, increased inflation expectations, chilled investment, and sent stocks plunging. On March 13, the S&P 500 sank into a correction, falling 10% from its record high three weeks previously.

hey jimmy lots of people suffer under every president...you think biden was great....many people thought he was pretty shitty....goes both ways....

 

[jbrownson0831]

https://thehill.com/opinion/finance/4909602-trump-radical-economic-plan-disaster/

In fact, the Biden-Harris economy, which has produced record job growth of 15.7 million new jobs in less than four years, is now achieving the much desired “soft landing” — taming inflation while avoiding a recession and continuing growth. And wages have been growing faster than prices, so workers are feeling more positive about the economy.

All in all, despite COVID, the economy over the last four years has performed remarkably well.

But Donald Trump’s radical economic plan would endanger all the progress we have made. The former president proposes exorbitant tariffs on the imports of goods and services into the U.S. that would bring back high inflation. His so-called Maganomics would be a mega-disaster for American consumers and families.

You were warned, but you voted for him anyway. His policies has the US well on the way to stagflation. His on again, off again tariffs are not only leading the economy into trouble, they are also alienating our most reliable trading partners. Both trump and musk have said we will need to suffer short term pain. It seems economist do not agree with the short term idea. Plus, now even his conservative economist now see his economic policies as incompetent. See below:

Why Is Trump Undermining the US Economy? | by Michael R. Strain - Project Syndicate

Michael R. Strain offers three explanations for a set of policies that have sent investor confidence into a tailspin.

www.project-syndicate.org

In recent weeks, Trump has reversed that good start. I fully endorse the goals of Elon Musk’s Department of Government Efficiency (DOGE) to reduce the scope of government activity and eliminate wasteful spending. But DOGE’s chaos has spooked consumers and investors. Worse, Trump’s on-again, off-again tariff increases and open hostility toward crucial trading partners (Canada, Mexico, and the European Union) have soured business and consumer sentiment, increased inflation expectations, chilled investment, and sent stocks plunging. On March 13, the S&P 500 sank into a correction, falling 10% from its record high three weeks previously.

Poor jimbowhiner....truly a babbling Reich drone spouting all the fake news imaginable.
Trump's impact already taking hold....inflation tumbling down, egg and gas prices the same, ridiculous waste being eliminated, peace between the Ukraine and Russia, and abandoned astronauts home finally.
What a terrible day for you America haters......

 

[jbrownson0831]

hey jimmy lots of people suffer under every president...you think biden was great....many people thought he was pretty shitty....goes both ways....

Yeah, all those "jobs" he "created"....hahahahahahahaha what a joke.

 

[Mashmont]

https://thehill.com/opinion/finance/4909602-trump-radical-economic-plan-disaster/

In fact, the Biden-Harris economy, which has produced record job growth of 15.7 million new jobs in less than four years, is now achieving the much desired “soft landing” — taming inflation while avoiding a recession and continuing growth. And wages have been growing faster than prices, so workers are feeling more positive about the economy.

All in all, despite COVID, the economy over the last four years has performed remarkably well.

But Donald Trump’s radical economic plan would endanger all the progress we have made. The former president proposes exorbitant tariffs on the imports of goods and services into the U.S. that would bring back high inflation. His so-called Maganomics would be a mega-disaster for American consumers and families.

You were warned, but you voted for him anyway. His policies has the US well on the way to stagflation. His on again, off again tariffs are not only leading the economy into trouble, they are also alienating our most reliable trading partners. Both trump and musk have said we will need to suffer short term pain. It seems economist do not agree with the short term idea. Plus, now even his conservative economist now see his economic policies as incompetent. See below:

Why Is Trump Undermining the US Economy? | by Michael R. Strain - Project Syndicate

Michael R. Strain offers three explanations for a set of policies that have sent investor confidence into a tailspin.

www.project-syndicate.org

In recent weeks, Trump has reversed that good start. I fully endorse the goals of Elon Musk’s Department of Government Efficiency (DOGE) to reduce the scope of government activity and eliminate wasteful spending. But DOGE’s chaos has spooked consumers and investors. Worse, Trump’s on-again, off-again tariff increases and open hostility toward crucial trading partners (Canada, Mexico, and the European Union) have soured business and consumer sentiment, increased inflation expectations, chilled investment, and sent stocks plunging. On March 13, the S&P 500 sank into a correction, falling 10% from its record high three weeks previously.

Guy, Biden cratered jobs. He doesn't get credit for the inevitable rebound. I get sick of the leftwing dishonesty.
Let's review another leftwing "economist" prediction.

https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055"

 

[theHawk]

https://thehill.com/opinion/finance/4909602-trump-radical-economic-plan-disaster/

In fact, the Biden-Harris economy, which has produced record job growth of 15.7 million new jobs in less than four years, is now achieving the much desired “soft landing” — taming inflation while avoiding a recession and continuing growth. And wages have been growing faster than prices, so workers are feeling more positive about the economy.

All in all, despite COVID, the economy over the last four years has performed remarkably well.

But Donald Trump’s radical economic plan would endanger all the progress we have made. The former president proposes exorbitant tariffs on the imports of goods and services into the U.S. that would bring back high inflation. His so-called Maganomics would be a mega-disaster for American consumers and families.

You were warned, but you voted for him anyway. His policies has the US well on the way to stagflation. His on again, off again tariffs are not only leading the economy into trouble, they are also alienating our most reliable trading partners. Both trump and musk have said we will need to suffer short term pain. It seems economist do not agree with the short term idea. Plus, now even his conservative economist now see his economic policies as incompetent. See below:

Why Is Trump Undermining the US Economy? | by Michael R. Strain - Project Syndicate

Michael R. Strain offers three explanations for a set of policies that have sent investor confidence into a tailspin.

www.project-syndicate.org

In recent weeks, Trump has reversed that good start. I fully endorse the goals of Elon Musk’s Department of Government Efficiency (DOGE) to reduce the scope of government activity and eliminate wasteful spending. But DOGE’s chaos has spooked consumers and investors. Worse, Trump’s on-again, off-again tariff increases and open hostility toward crucial trading partners (Canada, Mexico, and the European Union) have soured business and consumer sentiment, increased inflation expectations, chilled investment, and sent stocks plunging. On March 13, the S&P 500 sank into a correction, falling 10% from its record high three weeks previously.

Looks like your economist was dead wrong:

By the way, Biden didn’t create many jobs. The “millions” of jobs “created” were just people going back to work after forced government shutdowns due to WuFlu.