Synthaholic
Diamond Member
- Jul 21, 2010
- 83,224
- 75,927
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- Thread starter
- #421
Nebraska fucked around. Nebraska is finding out.
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The blowhard appears Impotent in solving the nation's economic plight that he has made worse:Lord, another thread that does not age well!
Low growth + high inflation? Isn't that called Stagflation? And didn't I predict that in the OP?
Four months later, it's holding its trajectory!Trump's Economy means higher prices, shortages, recession, higher interest rates, stagflation, massive unemployment, and inflation.
RCP Average 7/16- 9/15 APPROVE: 39.0% - DISAPPROVE: 59.1% |
It's up.Four months later, it's holding its trajectory!
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President Trump Job Approval - Inflation | RealClearPolling
President Trump Job Approval - Inflation | RealClearPollingwww.realclearpolling.com
Trump Job Approval - Inflation
RCP Average 7/16- 9/15APPROVE: 39.0% - DISAPPROVE: 59.1%
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We are in the Biden economy it takes a year before Trumps policies have any real effectTrump's Economy means higher prices, shortages, recession, higher interest rates, stagflation, massive unemployment, and inflation.
Here comes the higher prices:
View attachment 1108011
Post examples of price hikes in this thread. There will be many.
Long-Term Unemployment A Warning Sign For Economy
Nearly 2 million Americans have been unemployed six months or longer.
Trump took over 9 months ago right?
The past few months have seen a marked slowdown in job creation, including the first month of net job losses since the coronavirus pandemic. While the unemployment rate has risen only modestly, the rising share of long-term unemployed among the broader unemployed population, along with higher unemployment for new workers and minorities, are hallmarks of a weakening labor market and a warning of increasing recession risk.
Trump's economy is so bad it has forced the Feds to lower interest rates.
President Donald Trump campaigned on fixing the economy, promising voters he would immediately tame inflation, but his signature economic policy of taxing imported goods has pushed up prices and made it harder for the Federal Reserve to act on another Trump priority — cutting interest rates to boost job growth.
During a press conference last week, Federal Reserve Chair Jerome Powell ― whom Trump has called “stupid” and “terrible” for not cutting rates ― said the Fed was right to wait and see how much tariffs boosted inflation. But he said the weakening labor market had forced the Fed to finally enact a quarter-point rate reduction.
“The overall job finding rate is very, very low,” Powell said, adding that layoffs are also low.
“The concern is that if you start to see layoffs, the people who are laid off won’t — there won’t be a lot of hiring going on,” Powell continued. “So that could very quickly flow into higher unemployment. In a healthier economy, healthier labor market, there would be jobs for those people. But now, the hiring rate is very, very low. So that’s been a growing concern over the last few months.”
Don't forget just 2 or 3 weeks ago USMB Republicans were trying to tell us the economy was great. Reminds me of 2008 when they said "the fundamentals of our economy are strong" just before Bush took us into the Greatest Recession we'd seen since the Great Depression.
The only one worse was Trump's covid recession. Is Trump going to screw us all again? And are Republicans going to want us to vote for JD Vance based on these results?
Things are not good for Trump. Or Republicans in the midterms.Nearly 2 million Americans have been unemployed six months or longer.
And a million weren't really hired in Biden's final year.