Comment by PlanksVariable
7 hours ago
Crashing the economy? In the past year the S&P 500 rose 14%, unemployment is at 4.4%, and inflation is around 2.7%. There are many things to criticize Trump for but the economy has not actually crashed.
7 hours ago
Crashing the economy? In the past year the S&P 500 rose 14%, unemployment is at 4.4%, and inflation is around 2.7%. There are many things to criticize Trump for but the economy has not actually crashed.
The S&P 500 rose 1.04% in EUR terms only. That's basically nothing.
Of the 14% in USD terms 13% evaporated because he crashed the dollar compared to all other currencies (EUR, GBP, CHF, AUD, whatever)
Trump ran on an explicit promise to bring down grocery prices on day 1.
Grocery prices have continued to climb.
Absolutely nothing he has done could remotely be said to be aimed at bringing them down.
He has also instituted massive attacks on the power of labor, and on the offices that report on things like the unemployment rate.
"The economy" is not just the stock market; unemployment numbers literally cannot be trusted coming from Trump's BLS; and an inflation of 2.7% is, in fact, fairly high (it's 35% higher than the "target" rate of 2%).