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Trumpy-nomics -- "fixing" an economy that is already great. What could possibly go wrong?


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Posted
8 minutes ago, SunnyinBangrak said:

Reading this it seems some of us are going to enjoy these next 4 years of peace, prosperity and common sense alot more than others. 

Common sense?

That's rich.

More like blow up everything chaos.

Posted
10 hours ago, Dan O said:

Kinda hard to argue against the progress already made in the last 4 years and it will continue as a normal function of economics for a number of months under Trump although he'll try to take credit for it if it continues and blame others if he screws it up. It'll be hard to improve but easy for him to F up. 

 

Under President Biden in 2024, the U.S. economy :

Economic Growth

  • GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter of 2024.

Employment

  • Job Creation: The economy added 16 million jobs during Biden's term, marking the highest job creation in any single presidential term.

  • Unemployment Rate: The unemployment rate has remained low, contributing to a strong labor market.

Inflation

  • Inflation Rate: Inflation has moderated from its peak of 9% to 2.4%, although it remains a concern for many Americans.

Consumer Spending and Income

  • Personal Income: Personal income increased by 0.6% in October 2024.

  • Consumer Spending: Consumer spending also saw an increase, reflecting continued economic activity.

Corporate Profits

  • Corporate Profits: Corporate profits have increased by 36% during Biden's presidency.

Trade and Investment

  • Trade Deficit: The U.S. current-account deficit widened to $266.8 billion in the second quarter of 2024.

  • Investment: There has been substantial investment in manufacturing and clean energy, contributing to economic growth.

Other Indicators

  • Health Insurance: The number of uninsured people decreased by 6.6 million.

  • Crime Rates: Violent crime has decreased, with a 9.1% drop in murders from 2020 to 2023.

It's already screwed up.

  • Thanks 1
Posted
5 hours ago, frank83628 said:

The cult is the Democrat & left, you vehemently denied Bidens cognitive  decline, despite the fact anyone with 2 working eyes could see it clear as day.

The not looking after the aged and infirm very well party.

  • Like 1
Posted
7 hours ago, 0ffshore360 said:

Other than enabling a collection of egotistical wannabees in his own image Trump has already triggered chaos in anticipation.

Hopefully a collection of egotistical wannabees that kick Democrat and liberal butts into touch.

I don't know that Trump has "triggered chaos in anticipation", but he's certainly making a few Euro leaders stressed out, which is a good thing IMO.

 

He's not even POTUS yet and he's got the Mexican president making noises about preventing illegals crossing into the US, rather than helping them get there. All good.

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