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Will the economy beat Trump?

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  • Popular Post

He came into office and one of his signature promises was getting the economy under control, reducing inflation, cutting pharmaceutical prices, and more lies and nonsense to that effect. His name tariffs have driven up the cost of many Goods and he's recently had to suspend some of them to dampen the outcry over ever increasing prices. 

 

It does not appear that he's done a single thing to bring down the cost of living and people across the board seem to be increasingly frustrated by his gross incompetence. 

 

WASHINGTON, Nov 18 (Reuters) - President Donald Trump's approval rating fell to 38%, the lowest since his return to power, with Americans unhappy about his handling of the high cost of living and the investigation into the late convicted sex offender Jeffrey Epstein, a Reuters/Ipsos poll found.


The four-day poll, which concluded on Monday, comes as Trump's grip on his Republican Party shows signs of weakening. Trump started his second term in office with 47% of Americans giving him a thumbs up. The nine-point decline since January leaves his overall popularity near the lows seen during his first term in office, and close to the weakest ratings for his Democratic predecessor in the White House, Joe Biden. Biden's approval rating sank as low as 35% while Trump's first-term popularity fell as low as 33%.

 

"It's all about prices," said Doug Heye, a Republican political strategist. "People are furious when they go out and spend money at the grocery store, and they can't believe what they are spending."

 

Just 26% of Americans say Trump is doing a good job at managing the cost of living, down from 29% earlier this month. The pace of inflation has remained high by historic standards since Trump took office in January. U.S. consumer prices were up 3% in the 12 months through September, even as the job market has weakened. Some 65% of respondents - including one in three Republicans - disapprove of Trump's performance on the cost of living.

 

Only 20% of Americans - including just 44% of Republicans - approve of how Trump has handled the Epstein case, the Reuters/Ipsos poll showed. Some 70% of poll respondents - including 87% of Democrats and 60% of Republicans - said they believe the government is hiding information about Epstein's clients.

 

https://share.google/ac4ikyR1ktBbMHSDv

 

Inflation and the economy now rank as Americans' top national concerns, according to an October CBS News poll. 

 

"Everything is going up in price very quickly," said Jeremy Tolbert, a 47-year-old web developer in Lawrence, Kansas.

With his family's monthly health care premiums set to rise 18% to $2,600 next year, he's planning to cut back in other areas. "Our food budget is going to go down — we're not talking about eating beans and rice, but going from a comfortable middle-class lifestyle to eating how we did when we first got out of college," Tolbert said.

 

Shoppers don't assess food costs the same way economists do. They focus on their day-to-day spending — which keeps climbing — and compare their out-of-pocket spending today with what they paid several years ago, according to research from the University of Florida.

 

I've been saying for a long time that the general public is not buying the fake numbers coming from the government on inflation and the CPI. 

 

People's experience of inflation and how they measure it in their daily lives may not mesh with official economic measures that paint a more optimistic picture.

The shutdown ended without an agreement to extend the subsidies, which means low- and middle-income households that previously qualified for the tax credits would likely see their ACA premiums rise from an average of $888 in 2025 to $1,904 in 2026, according to a KFF analysis.

 

Americans now pay an average of $265 per month in utility costs, up 12% since last year, according to a new report from The Century Foundation, a progressive think tank, and advocacy group Protect Borrowers.

 

https://share.google/wZ9yjM3vySlUsA1Ew

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  • If you tax all imports of course prices will go up. There is no way that they can’t.   Trump only really cares about his personal wealth and keeping out of jail.   The America

  • Prices are higher under Trump 2.

  • Yes, he mentioned the deficit. And he promised that his tax cuts would reduce the deficit. Just like George W. Bush did. Just like Ronald Reagan did. How has that worked out?

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  • Popular Post

If you tax all imports of course prices will go up.

There is no way that they can’t.

 

Trump only really cares about his personal wealth and keeping out of jail.

 

The Americans fully deserve him, voting for him once they could be forgiven. 
But twice.

Som Nam naa.  Now suck it up, enjoy being poorer while he makes billions and puts you into trillions more debt. Hopefully it will be a good learning experience.

10 minutes ago, MalcolmB said:

If you tax all imports of course prices will go up.

There is no way that they can’t.

 

Trump only really cares about his personal wealth and keeping out of jail.

 

The Americans fully deserve him, voting for him once they could be forgiven. 
But twice.

Som Nam naa.  Now suck it up, enjoy being poorer while he makes billions and puts you into trillions more debt. Hopefully it will be a good learning experience.

Inflation was higher under Joe

  • Popular Post

The US economy (and most others) will beat almost everyone, everywhere, when it finally crashes. The causes for this go back far longer than Trump has been in politics. Trump was actually one of the few candidates that referred to the huge debt in his election campaigns. A painless fix for this is probably impossible to find now and there is no sign improvement in that situation, as yet.

  • Popular Post
31 minutes ago, Harrisfan said:

Inflation was higher under Joe

Prices are higher under Trump 2.

Just now, MalcolmB said:

Prices are higher under Trump 2.

Called inflation you clown

  • Popular Post
1 hour ago, spidermike007 said:

Americans now pay an average of $265 per month in utility costs, up 12% since last year, according to a new report from The Century Foundation, a progressive think tank, and advocacy group Protect Borrowers.

You should never use progressive and think in the same sentence. 

  • Popular Post
39 minutes ago, nauseus said:

The US economy (and most others) will beat almost everyone, everywhere, when it finally crashes. The causes for this go back far longer than Trump has been in politics. Trump was actually one of the few candidates that referred to the huge debt in his election campaigns. A painless fix for this is probably impossible to find now and there is no sign improvement in that situation, as yet.

Yes, he mentioned the deficit. And he promised that his tax cuts would reduce the deficit. Just like George W. Bush did. Just like Ronald Reagan did. How has that worked out?

  • Popular Post
12 minutes ago, Mike_Hunt said:

You should never use progressive and think in the same sentence. 

Your credo appears to be: If you have nothing of substance to say, then launch a stupid insult instead. 

16 minutes ago, Mike_Hunt said:

584660253_1292622576228556_9058643729050364369_n.jpg

What you don't note is that inflation was expected to go down, but instead bounced back up. Ultimately, what's going to damage the economy more is not tariffs, but the harsh restrictions on the labor force. While tariffs increase economic inefficiency with some loss of productivity, they basically reallocate economic activity. But labor shortages directly reduce labor productivity.

  • Popular Post
1 minute ago, Alan Zweibel said:

Your credo appears to be: If you have nothing of substance to say, then launch a stupid insult instead. 

I dare you to say that to your leftie friends on this site.  

 

Progressives are idiots.  There is no defending them.  After Biden was elected they decided to add fuel to the inflation fire with more spending and we are paying the price for it.    Thank GOD, Kyrsten Sinema and Joe Manchin blocked the six trillion spending package the idiot progressives wanted.   Now the progressives are crying about the high prices they hoisted on the American citizens. 

1 minute ago, Alan Zweibel said:

What you don't note is that inflation was expected to go down, but instead bounced back up. Ultimately, what's going to damage the economy more is not tariffs, but the harsh restrictions on the labor force. While tariffs increase economic inefficiency with some loss of productivity, they basically reallocate economic activity. But labor shortages directly reduce labor productivity.

What do you mean by the harsh restrictions on the labor force? 

9 minutes ago, Alan Zweibel said:

Yes, he mentioned the deficit. And he promised that his tax cuts would reduce the deficit. Just like George W. Bush did. Just like Ronald Reagan did. How has that worked out?

The drivers of the deficit are the out of control social programs, and the Democrats want to add on more spending by extending the temporary ACA subsidies.  

 

https://www.cato.org/blog/cbo-update-medicare-social-security-are-key-drivers-exploding-debt

1 hour ago, spidermike007 said:

I've been saying for a long time that the general public is not buying the fake numbers coming from the government on inflation and the CPI. 

Why do you say the CPI is fake?   

1 hour ago, spidermike007 said:

The shutdown ended without an agreement to extend the subsidies, which means low- and middle-income households that previously qualified for the tax credits would likely see their ACA premiums rise from an average of $888 in 2025 to $1,904 in 2026, according to a KFF analysis.

The ACA is a massive failure.  

 

 

  • Popular Post
9 minutes ago, Mike_Hunt said:

The ACA is a massive failure.  

 

 

 

9 minutes ago, Mike_Hunt said:

The ACA is a massive failure.  

 

 

agree but the Republicans have tried but have not had any success in coming up with something to replace it, while letting medical and big pharma costs to zoom.

1 hour ago, Alan Zweibel said:

Yes, he mentioned the deficit. And he promised that his tax cuts would reduce the deficit. Just like George W. Bush did. Just like Ronald Reagan did. How has that worked out?

 

Three Republicans there. Good to see another bias-free comment. Bit what happened with Obama and, especially, Biden??

  • Popular Post
55 minutes ago, Presnock said:

 

agree but the Republicans have tried but have not had any success in coming up with something to replace it, while letting medical and big pharma costs to zoom.

That's not very fair " who would have thought health care was so complicated " at least the aforementioned person has a concept of a plan 10 years in the making

  • Popular Post
2 hours ago, Harrisfan said:

More useless fake polls 

But it's on Faux news ,it must be true , would they lie , you believe all the propaganda

they put out everyday , but now its negative to Donald it's fake news , what a hypocrite

 

 

regards Worgeordie

3 minutes ago, worgeordie said:

But it's on Faux news ,it must be true , would they lie , you believe all the propaganda

they put out everyday , but now its negative to Donald it's fake news , what a hypocrite

 

 

regards Worgeordie

Polls mean nothing on Trump. Vance is next :cheesy:

Judging any President after 10 months is stupid.  There are always ups and downs over 4 years.  If a person understands economics, temporary down turns or negativity can very healthy part of the overall process.

Come back in Nov. 2028 and bad mouth him if it was an overall failure.

2 minutes ago, bkk6060 said:

Judging any President after 10 months is stupid.  There are always ups and downs over 4 years.  If a person understands economics, temporary down turns or negativity can very healthy part of the overall process.

Come back in Nov. 2028 and bad mouth him if it was an overall failure.

yep, better to wait till 2028, and see if you hear this in the Rep campaigning ...

... "Are you better off today, then 4 years ago ? " ...

 

I think that's all it took to beat the Dems in 2024, as answer was ... 'Hell NO'

 

Inflation, housing cost, oil prices, open borders ... pick one.  No wonder they got spanked.

1 hour ago, bkk6060 said:

Judging any President after 10 months is stupid.  There are always ups and downs over 4 years.  If a person understands economics, temporary down turns or negativity can very healthy part of the overall process.

Come back in Nov. 2028 and bad mouth him if it was an overall failure.

It's Trump who focuses on short-term. No wonder that's what American people notice.

1 hour ago, bkk6060 said:

Judging any President after 10 months is stupid.  There are always ups and downs over 4 years.  If a person understands economics, temporary down turns or negativity can very healthy part of the overall process.

Come back in Nov. 2028 and bad mouth him if it was an overall failure.

Don't worry if inflation soaring in 2028 it will be bidens fault

  • Popular Post
2 hours ago, nauseus said:

 

Three Republicans there. Good to see another bias-free comment. Bit what happened with Obama and, especially, Biden??

Yes, it was definitely Biden's fault for inheriting an economy racked and distorted by Covid. The economy was clearly a complete disaster

image.png.0fda907fe3a1c1a7693df5c04b34a41b.png

https://fred.stlouisfed.org/series/GDP

 

  • Popular Post
2 hours ago, nauseus said:

 

Three Republicans there. Good to see another bias-free comment. Bit what happened with Obama and, especially, Biden??

And then there's your selective amnesia. Obama inherited the worst economic recession since the Great Depression.

image.png.8b4ee66c8203889beacc4c64dc317124.png

https://fred.stlouisfed.org/series/GDP

You notice the massive boost that the economy got after Trump assumed office.? If you do, better get your vision checked.

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