Trump will face the same problem Biden faced with high consumer prices for groceries, etc. Although inflation has already dropped to a low rate, prices can’t drop to pre-Covid levels without deflation, likely leading to a recession. Worse, Trump’s import tax (tariffs) will drive prices even higher.
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With bird flu gaining ground, we may not see any eggs at all...
Seriously though, I remember hating that guy when I was in grade school.
Thinks half the country, apparently
Steal workers, too!
They lose their jobs and struggle with higher food prices.
The pain starts Early February!
Those who expressed such great concern at the cost of groceries should now calculate the cost without workers to grow, harvest, and process the food they have come to rely upon.
— FOX news or something
Regulations?
at the end of his term for already dropped pricing on gasoline and groceries
It's a problem all over the world at the moment.
Meaning that Trump cannot wave a magic wand and make it all better - he doesn't have that power (much as that will shock some Americans).
He can sure as hell make it worse though.
And just wait until he deports all of our essential workers and labor that harvests our food which will now rot in the fields , and construction buildings u finished and hotel rooms I cleaned and restaurants unmanned …the essential labor of business= deported…
https://evonomics.com/economists-agree-democratic-presidents-better-making-us-rich-eight-reasons/
Trump 2024!!
Until the fall of 2019 when there was nowhere else to go. It was at 0.25% and they were talking about going negative.
https://www.washingtonpost.com/business/2020/03/15/federal-reserve-slashes-interest-rates-zero-part-wide-ranging-emergency-intervention/
It's a problem that the right has - too busy giving all the money to their mates and taking bribes.
Oh, sorry, I mean 'donations'.
https://www.washingtonpost.com/business/2020/03/15/federal-reserve-slashes-interest-rates-zero-part-wide-ranging-emergency-intervention/
334m Americans. 10m Fed vax. 54% human mortality. RFK.
Skyrocket and the dummies who voted him in will realize what they have done. I’m good with this. Kind of like learning the consequences and getting your butt kicked with a painful timeout.
We already saw this with COVID, but this time Trumpism will be the plague.
Fox, Newsmax et al will tell their audience that things are better now, and that's it. Problem solved.
Trump says there's a problem? There's a problem.
Trump says it's solved? Solved!
✔️
If prices spike, I’m talking 7-9% inflation, if mortgage rates rise (spooky bond markets will drive that) if unemployment rises precipitously, there’s no amount of Biden/Bad or trans panic that will alter reality.
Or the state governors'.
Or he will fire some random people from his administration, promulgate that it's all good now.
Put monstrous pressure on the Federal Bank to lower interest rate, regardless of consequences.
Last time round, his stupid tariffs on China...
No one cared, bc no one said it on Fox News.
Will be the same this time. Ignoring reality is a prerequisite, and Americans are ok with it.
The trick is not to even bother avoiding it - it's where to place the blame most effectively.
Trump is a billionaire and he’s surrounding himself with 1%ers. They will do great, and that fact will resonate in a recession.
Just picked over items left. I’m glad the things sold and people got items cause next year ????
Arguably, their terrible job is why we're here now.
They couldn't explain how stupid tariffs are before ? well they can do it now and take the response.
The economy is not a mystery.
Everyone wants to rationalize the road ahead but there isn't much to it. The total undermining of what we've known is underway.
NEVER
GOING
TO
HAPPEN.
How long before the Manchurian candidate takes credit?
And sadly, too many senior Democrats exist in the late 20th Century.
The 'high road' ends in a cliff.
Choose engagement & the middle path.
😐
although not predictive, look at 2009 - GDP fell 2.5%, unemployment was 10% and inflation dropped (i.e. deflation) just 0.4%. Recessions don't typically act quickly to undo accumulated inflation, and we're looking at 21.5% post-COVID. To undo that would require 1930s multi-year depression.