President Donald Trump has told Congress that "the Golden Age of America has only just begun." So let me give you the present the most recent updates out there on inflation, labor, economy and stock market. I am going to inject no opinion in this piece. Just the facts.
Inflation: During the Presidential campaign, Trump promised "to end inflation on Day One and make America affordable again." In February, the inflation rate eased to 2.8%, which 0.1% better than analysts predicted. It was 3.0% in January.
Jobs: The US added 151,000 new jobs in February, which is weaker than the 170,000 predicted by Dow Jones.
Unemployment: Unemployment rose from 4.0% in January to 4.1% in February. Although it has risen slightly, Barron's observes that this is still considered "full employment."
GDP: For the 4th quarter of 2024, when President Joe Biden was still in office, GDP rose 2.3%. The Fed's NowCast (estimate based on available economic data) projects a negative GDP of -2.4% for the first quarter of 2025. Trump said in a recent Fox News interview that there would be a "period of transition."
Stock Market: It closed on Friday with its worst week since March 2023. Both the S&P 500 and Nasdaq Composite are down over 10% from February highs, which means the market is in correction.
These are the facts. I think it's still too early to say whether Trump's economic policies are failing or succeeding. The data will tell us.
23 comments:
You are just like wee willie - the sky is falling; the sky is falling.
56 daze in office, golfed 16 daze so far, 28.57% time spent golfing, lying about being club champion and score cheating at that too! Commander-in-cheat/chaos.
Yes, it is WAY too early to evaluate the success of Trump’s presidency in the areas you list. At this time, we are still adjusting to conditions created during the previous administration. That President is said to have been Joe Biden.
Some businesses can’t invest in inventory and new projects when the Orange Toddler has daily tariff tantrums.
Farmers have to decide how many acres to plant months in advance of the harvest.
The American economy needs steady tax policies to grow.
Trump is a silver spooner with six bankruptcies to his credit. He doesn’t know what he’s doing.
Painful cuts are one thing. Government by impulse is another.
He’s a little boy.
The April 4th unemployment report will be the first to reflect all the federal government firings and recent corporate job cuts. We're entering The Trump Slump now. We'll be in recession in Q2. Tourism, consumer spending, military sales, all heading downward.
If you are a progressive voter who wants to fight the lawless Trump administration, the most important thing you can do is... BUY NOTHING. DRIVE THE ECONOMY INTO THE DIRT. When MAGA folk are jobless and hopeless is when they'll consider sane leadership, instead of the toxic sh!t we have now.
I'm no MAGA person, but I hoped you would've learned something in the last election- but obviously you didn't. Your constant bashing of Trump and any of his supporters is 1 of the reasons we're in the current situation. It's old, and boring, especially coming from a party with no leaders or ideas.
Biden was spending 2 trillion more than was coming in. That’s a government juiced sugar high that has to be reset. I’ll give Trump 18 months to see where we’re at.
Bernie, save yourself the effort. Just call Trump a racist and get on with your life. That USED to work.
7:35 --> "Adjusting to conditions". Hahaha... Trump has degraded relationships with our largest trading partners (CAN and MEX) , levied tariffs against them, and threatened Canada's sovereignty. He has undercut our federal government workforce, the VA, our research enterprise (NIH and NSF), and curtailed billions in ongoing grants -- across sectors including agriculture. Is that a result of the previous administration? I swear MAGA people are the dumbest people alive.
There is no Trump bashing in this post. I am simply stating facts. It is too early to opine, but it appears some of you either do not know how to read or construe the mere recitation of data as criticism.
9:03: The only information shown is economic facts. How is that bashing? If reality bashes Trump, that's Bernie's fault?
Clearly, Bernie, your intent was to give the impression Trump is coming up short. We know exactly how you roll. Isn’t working.
Biden: Great stock market. Record-low unemployment.
There was inflation, but it was global. Presidents have little to do with prices.
Biden spent too much. So did record deficit spender Trump.
A little early to judge. He’s only been in office 7 weeks. It takes many months for economic policy to take affect.
It's the latter, Bernie. The MAGA snowflakes either don't know how to read or construe the mere recitation of data as criticism. They only accept fake news and golden bullshit spewed from the mouth of their dear orange leader.
Stocks up again get on the Trump Train before it is too late.
Spent to much? 9 trillion! Yeah too much lol. Also, record stock market mostly driven by the Mag 7 which were juiced by the CHIPS Act. Government spending accounting for 25% of GDP when historically it’s 17 or 18%. There will be pain fixing it and Trump will get the blame. So be it.
In 18mos, Trump will have long since gutted our federal government (firing public servants who support services for The People like the national park system, social security, IRS and veterans affairs department) and redirected huge tax giveaways to millionaires. That's not my prediction, that's Project 2025, which Trump is implementing with all due haste.
Obama was still blaming George Bush in his 5th year in office. The media went along with it. Trumps in office 7 weeks. We are going to have a recession to normalize this economy from the COVID spending. Then let’s see how we come out on the other side. Trump has a point about some of the trade deficits, I just wish he wasn’t such an asshole about how he goes about fixing it.
For those who are attacking Bernie, you'll see that The Economist is out with a similar article this week. It's just a point in time snapshot before the bulk of Trump's tariffs go into effect on April 2nd.
https://www.economist.com/graphic-detail/2025/03/14/ten-indicators-explain-whats-going-on-with-americas-economy
Gas prices down again stock market up eggs down go Trump
Bernie O’Hare to all: I have received and rejected a large number of comments that really have nothing to do with the economy and are instead simple-minded attacks. I just don’t get how unvarnished facts with no opinion can outrage so many people.
MAGA Snowflakes, Bernie! Just like their dear orange leader, if it's not golden bullshit lies about how great and awesome he is, they ain't having it!
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