skews13
Diamond Member
- Mar 18, 2017
- 11,699
- 15,752
- 2,415
President Donald Trump's Friday got off to a rough start as three critical components of his economic agenda collapsed.
A major economic indicator, gross domestic product (GDP), slowed significantly, dropping to just 1.4% annually as inflation rose. And the U.S. Supreme Court struck down the legal basis for the president’s sweeping global tariffs, ruling that his use of that authority was unlawful.
"U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while a key inflation metric showed high prices are still a factor for the economy, according to data released Friday," CNBC reported. GDP was expected to come in at 2.5%, experts predicted.
For 2025, the president delivered GDP far softer than his predecessor, President Joe Biden, did in 2024. Meanwhile, inflation "held firm in December, according to a gauge most closely watched by Fed officials that increased 3% from a year ago," CNBC added, meaning that overall prices are three percent higher than they were one year ago.
www.alternet.org
The good news is he won't have to cut those $155,000 socialist welfare checks to farmers now.
A major economic indicator, gross domestic product (GDP), slowed significantly, dropping to just 1.4% annually as inflation rose. And the U.S. Supreme Court struck down the legal basis for the president’s sweeping global tariffs, ruling that his use of that authority was unlawful.
"U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while a key inflation metric showed high prices are still a factor for the economy, according to data released Friday," CNBC reported. GDP was expected to come in at 2.5%, experts predicted.
For 2025, the president delivered GDP far softer than his predecessor, President Joe Biden, did in 2024. Meanwhile, inflation "held firm in December, according to a gauge most closely watched by Fed officials that increased 3% from a year ago," CNBC added, meaning that overall prices are three percent higher than they were one year ago.
'Gonna be big mad': Trump's no good, very bad day fueled by more than tariff ruling
President Donald Trump's Friday got off to a rough start as three critical components of his economic agenda collapsed.
www.alternet.org
The good news is he won't have to cut those $155,000 socialist welfare checks to farmers now.




