So, since last time he was president?
Speed run this time though
In 2017 Trump started with an economy that was doing ok after 8 years of Obama. In 2025 Trump started with an economy that was shaky at best.
Months before the 2024 election Trump tried to take credit for the strong economy by saying investors were looking forward to a Trump presidency. Now he IS president and blaming Biden policies for ruining his economy. So Trump did not see the economy he inherited as being shaky.
You ain’t seen nothing yet.
Just wait until February. Then the bottom will really fall out of the job market.
And if the current policies are continued, it will continue to get worse YOY.
Foreign investments are declining, and the dollar is weak, so inflation and job losses will continue.
I think that’s what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
Enjoy the things that are free, you may need to “consume” more of those things in the future.Why February?
Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can’t afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.
But all in all it’s mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.
I predict the shit will hit the fan about March, give or take a month or so. High heating bills, skyrocketing insurance, and food prices coupled with a collapsing economy and loan defaults will drive the country into a deep depression. Not to mention the political shit-show that is deteriorating fast.
I am not sure if its really that impactful but there are people boycotting the US.
I personally have: deleted facebook account deleted google account deleted reddit account canceled amazon prime and deleted account (and I used to use these serviced A LOT).
And I don’t buy obvious US products anymore especially when there are simple alternatives, eg Coca-Cola, Pepsi, Pampers, etc In fact for every bigger purchase I try to buy European.
I yet have to cancel Netflix and Disney though.
Well done, keep it up. 👍
I already didn’t use any American services much except Steam, and although it is American, Steam has been fair and has done tremendous work for Linux, which helps independence from plethora of other American companies. So I’m still using Steam.But I’m not buying a lot of American goods I used to like: Californian wine, Bourbon, Heinz (Kraft), Palmolive, Gillette, Coca Cola. Marabou (also Kraft), Some times when I’m in doubt I read the label, that’s not enough to detect a company like Marabou or cloth softeners that have local names and are made in France but owned by Palmolive, our replacement for that is Noora that is made by a Spanish company. Wife doesn’t want the cheap brands. 😋
In short I’m personally going to great lengths to avoid American brands even when they are made in Europe. If I can get a true European product or from another democracy than USA I go for that. We are keeping it up as long as USA is acting crazy, and I hope enough people are doing it to make it noticeable for American companies.
I’m enjoying every free packet of ketchup I can still get. Some places are now starting to charge for cups of water or BBQ sauce packets.
I take packets of free mayo, ketchup, mustard, and hot sauce from the work cafeteria everyday. I haven’t bought those condiments in ages.
Trump is teeing up economic collapse. Our budget deficit is 6%, well over double economic growth, and unsustainable. Our national debt is massive, and a significant chunk comes due in 2026 and will have to be rolled over into new bonds, which will undoubtedly be seeking a higher interest rate to compensate for the fiscal risk caused by the out of control budget. Add in the fact that Jerome Powell’s term as fed chair in up in May, and you can rest assured that Trump will appoint a lackey, it becomes clear that reckless monetary policy to juice the economy will be in play. There is a reason that gold is in the midst of the biggest bull market of all time, and it will go absolutely bonkers in 2026.
Nobody can afford to live while working. Now hardly anyone will be working, our safety nets have been dismantled, healthcare is an obstructive shareholder grift and it’s illegal to be homeless welcome to the tech bro feudal system. Your lords are not “geniuses” they’re mentally ill malignant narcissistic hoarders
When was the Trump economy ever moving to begin with? Seems to me that he slammed the brakes on the already slow Biden economy and has been driving in reverse since then.
I think it’s stalling the same way a plane would if it’s not moving and loses air lift. So next to come is crashing.
Trump is worse than a pandemic
Employment is a Democrat hoax.
He’s doing a state of the onion tm night…
state of the onion
The state of the onion is tasty!
Trump is like manmade COVID for the US economy.
Sadly, the “normal” way to distract from failure at home is starting some random war.
You mean Biden’s economy finally ran out of steam.
The unemployment rate rose to 4.6% in November, up from 4.4% in September,
I wonder what it would be if this year’s ICE hires were excluded from the “employed” count.
So, highest since Trump’s first term. Nice.
yeah but stock market!! 1!! 1!1!! 1!1
The highest level so far…
I bet if Harris won she would have hit the highest rate in forty years by now.
On what evidence do you support that theory?
What evidence do you have to disprove it?
You’re the one making a dumbass comment. If you want people to listen to you then at least try to put reason to such a dumbass comment.
No offense but if you don’t have evidence to disprove my comment why did you feel the need to jump into the conversation?
You are either a troll or very poorly educated.
Why not both?
I was trying to be nice. 😋
You are the one making the claim, so the burden of proof is on you.
I shared my opinion.
Wrong, you shared your BASELESS opinion.
Not all opinions are equal, although the Christian right likes to claim so.
But informed opinions are actually worth more than uninformed opinions.
Evidence can’t prove a negative.
I have no idea what today’s economy would look like under Harris, but I’m not the one making a claim.
Would you be coming after me this hard if I said that I bet the jaguars will win the super bowl next year?
I’m not sure a simple “what is your evidence” is coming at you hard. But okay…
if you said that I would see they have a very good record right now (evidence) and wouldn’t wonder why you are saying that.
If you claimed the Titans were going to win, I would indeed wonder and ask for your reasoning.
Have the jaguars ever played a super bowl?
They’re 10-4, first in their division, 3rd in the AFC. They’re not my first choice to win the Super Bowl, but I wouldn’t bet against them either.
No Harris would have continued Biden’s economic policies, and they actually created economic progress.
The problem with inflation was a worldwide consequence of COVID, European countries have inflation under control now. in my own country Denmark, food prices even dropped a little in November! And inflation is projected to be below 2% next year.No.
Compared to the series of absolute winner advisors the Cheeto has? Yeah. Go with that, buddy ;-)
You’re wrong.
And:
https://www.ms.now/the-reidout/reidout-blog/trump-penn-wharton-economy-harris-rcna168687
And:
https://www.bloomberg.com/features/2024-trump-harris-economics-plan-models/
And:
Should I keep going?
Exit polls 2024: Deep economic discontent with Biden drove voters to Trump
The economy remains a key irritant. Voters say it’s in bad shape by 67%-32%. And 45% say their own financial situation is worse now than four years ago, versus 30% the same, with just 24% doing better. The “worse off” number exceeds its 2008 level, then 42%, and far outpaces its shares in 2020 (20%) and 2016 (28%).
Trump is more trusted than Harris on immigration and the economy in the preliminary exit polls while Harris leads Trump in trust on abortion.
Pretty sure this sarcasm is for the poster and I’m here for it.
