Summary
Donald Trump is set to inherit a stable U.S. economy, but his actions have introduced uncertainty. Now he faces challenges including stubborn inflation and a potential government shutdown.
His actions, such as threatening tariffs and undermining bipartisan deals, have unsettled markets and raised concerns among voters and the Federal Reserve.
Trump’s economic agenda, including tax cuts and deregulation, faces skepticism and potential limitations due to a higher national debt and public dissatisfaction.
Who knew the guy who caused the economy to crash by ignoring COVID would inject uncertainty into the market.
He is certainly shows running it faster than I expected.
I thought we’d get a year or two in…until his dumbass tariff and tax plans kick in. Did not have “tank economy before taking office” on my bingo sheet
I figured it would be pretty instant as soon as he mentioned tariffs.
Your average Joe may not know much about how tariffs work, but the finance people that do most of wall street trading, and the big corporations that rely on international trade certainly know how they work.
Trump basically promised to halve the market for most products in the US. Sure, some businesses may see this as an opportunity to increase prices above the tariff costs to squeeze even more profits, but any large company that operates on volume, like Walmart, should be shitting bricks right now. If half the people shopping at Walmart right now won’t be able to afford the products next year, the company is going to have to massively downsize or risk financial ruin. They already operate on narrow profit margins per item. If they sell less of imported goods, their revenue will drop through the floor.
The average American not feeling the economy doing well was one of the main reasons Biden/Harris was voted out. People didn’t want more of the same.
Don’t forget, when politicians talk about “the economy” the average American isn’t even an afterthought.
That’s why Dems kept insisting the economy was doing great, the rich got a lot more wealth over the last four years, but wealth is finite, them getting more means less for everyone else
Any one want to take odds that he won’t pay the interest on debts and claim be cut spending
