Housing, Groceries, Home and Car insurance all was 25% cheaper under Trump
The last trump economy ended with massive unemployment, record breaking inflation and millions of died Americans
trump was literally a biblical disaster the World has not recovered from.
Its the definition of insanity to want anything like a trump Presidency again
You will see lower taxes. You will probably see lower gas prices once he rolls over and allows Putin into Kyiv. You will see cuts in government spending. And you will see tarriffs put in place half way through the administration.
In 3 to 4 years you will see massive increases in prices due to tarriffs. The deficit will have gone out of control so printing money will be the only way to pay off the interest and maintain a skelton crew federal government. Further increasing inflation.
As the dollar value decreases you will see unemployment go up, both from decreased in consumer spending and because trade will suffer massively. This will kick off recession that lasts the rest of his term and then majority of the next Democrats term. That Democrat will get blamed for the increased deficit and inflation due to measures to try to fix his mess.
5-6 years tax cuts for middle and working class will expire and some of the tarriffs will be rolled back. The economy will stabilize but inequality will have gotten even worse due to 90% of Americans being unable to build wealth for several years. The rich will continue to buy up homes to rent them out. And home ownership rates will go down.
Social Security will be in crisis as immigration policies and the lack of access to child care has made the population growth rate plummet.
But WTF do I know. More than Trump. And that’s the f*cking scary part.
“Reagan proved deficits don’t matter”, that was VP Dick Chaney talking about how the republican voter base don’t actually care about deficit spending, because Reagan cut taxes without cutting spending, exploding the deficit, and it didn’t hurt repub voter turn out. Trump took that philosophy to an extreme and cut taxes by like 1.5 trillion, *paying for it by increasing the money supply*….
It’s not even supply side economics, he does not support free trade or deregulation for the sake of economic efficiency. He uses regulation and tariffs to enrich himself at the expense of the citizenry.
The president does not control or even have much control over the economy. So the little influence Trump can have will be dictated by what has always driven The Donald, how much money will that thing directly and indirectly make him. Those things will come up as time passes and he is not so much a planner as an opportunist. So as he sees opportunities he will pounce to make money. Whatever influence he will have over the US economy will merely be side effects of his personal money making efforts.
Consider his first term, the only significant legislation passed and he strongly backed was tax cuts for him and his big political donors. Other changes the country experienced were merely side effects of his own money making efforts. This is not something he generally hides. Supporters are more likely to try to hide it, because they don’t want to admit or be know as supporting him doing such activities. Trump only hides things that might adversely impact money making efforts, but not things that might appear seedy or immoral, etc. He doesn’t care about that.
Two words: Dumpster Fire! As Robespierre would have said, the abundance of the wealthy will depend on the expansion of the uneducated, the poor and those eager to delegate decisions contrary to their best interest! Doomed seems to come to mind!
Ww all ready know it was good
So good Zimbabwe with be jealous
It would look like theft from our kids and grandkids. Theft of a livable climate, economic prosperity, global scientific leadership, and faith in democracy.
No immigrants to work, and no Americans wanna do their jobs. Inflation will raise like Florida, and cost will go up. Economy burns while trump takes golf trips to new Jersey while Americans dies….. O wait that was 4 years ago.
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We have seen a Trump Economy
Average YoY inflation rate 1.9%
Average gas price $2.53
SPY return 66%
Housing, Groceries, Home and Car insurance all was 25% cheaper under Trump
The last trump economy ended with massive unemployment, record breaking inflation and millions of died Americans
trump was literally a biblical disaster the World has not recovered from.
Its the definition of insanity to want anything like a trump Presidency again
You will see lower taxes. You will probably see lower gas prices once he rolls over and allows Putin into Kyiv. You will see cuts in government spending. And you will see tarriffs put in place half way through the administration.
In 3 to 4 years you will see massive increases in prices due to tarriffs. The deficit will have gone out of control so printing money will be the only way to pay off the interest and maintain a skelton crew federal government. Further increasing inflation.
As the dollar value decreases you will see unemployment go up, both from decreased in consumer spending and because trade will suffer massively. This will kick off recession that lasts the rest of his term and then majority of the next Democrats term. That Democrat will get blamed for the increased deficit and inflation due to measures to try to fix his mess.
5-6 years tax cuts for middle and working class will expire and some of the tarriffs will be rolled back. The economy will stabilize but inequality will have gotten even worse due to 90% of Americans being unable to build wealth for several years. The rich will continue to buy up homes to rent them out. And home ownership rates will go down.
Social Security will be in crisis as immigration policies and the lack of access to child care has made the population growth rate plummet.
But WTF do I know. More than Trump. And that’s the f*cking scary part.
“Reagan proved deficits don’t matter”, that was VP Dick Chaney talking about how the republican voter base don’t actually care about deficit spending, because Reagan cut taxes without cutting spending, exploding the deficit, and it didn’t hurt repub voter turn out. Trump took that philosophy to an extreme and cut taxes by like 1.5 trillion, *paying for it by increasing the money supply*….
It’s not even supply side economics, he does not support free trade or deregulation for the sake of economic efficiency. He uses regulation and tariffs to enrich himself at the expense of the citizenry.
The president does not control or even have much control over the economy. So the little influence Trump can have will be dictated by what has always driven The Donald, how much money will that thing directly and indirectly make him. Those things will come up as time passes and he is not so much a planner as an opportunist. So as he sees opportunities he will pounce to make money. Whatever influence he will have over the US economy will merely be side effects of his personal money making efforts.
Consider his first term, the only significant legislation passed and he strongly backed was tax cuts for him and his big political donors. Other changes the country experienced were merely side effects of his own money making efforts. This is not something he generally hides. Supporters are more likely to try to hide it, because they don’t want to admit or be know as supporting him doing such activities. Trump only hides things that might adversely impact money making efforts, but not things that might appear seedy or immoral, etc. He doesn’t care about that.
Two words: Dumpster Fire! As Robespierre would have said, the abundance of the wealthy will depend on the expansion of the uneducated, the poor and those eager to delegate decisions contrary to their best interest! Doomed seems to come to mind!
Ww all ready know it was good
So good Zimbabwe with be jealous
It would look like theft from our kids and grandkids. Theft of a livable climate, economic prosperity, global scientific leadership, and faith in democracy.
No immigrants to work, and no Americans wanna do their jobs. Inflation will raise like Florida, and cost will go up. Economy burns while trump takes golf trips to new Jersey while Americans dies….. O wait that was 4 years ago.
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