General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow is Trump going to improve the economy which is doing quite well rn?
GDP - 2.8%
Inflation - 2.4%
UE - 4.1%
Stock markets are at record highs
Answer: He's not. He's going to create a chaotic economy which will be the worst since The Great Depression. Trump's economy will make the Great Recession look like a picnic.
Swede
(34,591 posts)Close entire departments in the government, and deport up to 10 million people. That'll get the economy humming along.
Meadowoak
(6,215 posts)wages and benefits. every republican administration for the last 100 years.
0rganism
(24,668 posts)Any future failings or shortfalls, should they receive coverage at all, will be the fault of his "enemies within".
haele
(13,521 posts)Not to mention there's inertia going on with everything that is working right now that might give the illusion of competency.
Timing is everything. Got to get the Administrative purge taken care of, and next Senate and House locked in so *rump could have a mandate to crash the economy and deconstruct the rest of the country and Constitution. That's going to be harder to achieve than they think without outright mass murder.
Here's hoping for the collapse or implosion of the Muscovite Empire before the end of 2025. The demise of funding for the interfering Russian Troll farm complex will do a lot to help the civilized world.
Haele
Yavin4
(36,366 posts)Mr. Lutnick, who has been running Mr. Trumps transition operation, has gotten on Mr. Trumps nerves lately. Mr. Trump has privately expressed frustration that Mr. Lutnick has been hanging around him too much and that he has been manipulating the transition process for his own ends.
https://www.nytimes.com/2024/11/17/us/politics/trump-treasury-candidates.html
tgraf66
(32 posts)...he won't. The current CR on the budget expires on Jan 2. The new Congress is seated on Jan 3, and will not be able to pass a new budget until they get settled and get their shit together (assuming they do). That being the case, the Fed will have to enact Emergency funding for a period of time, likely 3 months, meaning April. if no budget is forthcoming after that, the US defaults on its debt. I'm kind of betting that's the plan, because it would automatically shut down and eliminate most gov't functions, which I'm going to guess is the goal, since they want to re-make it in the image of the 🍊💩 anyway.
Yavin4
(36,366 posts)and a market sell off.
flamingdem
(39,916 posts)and instate digital currency. Just not sure what's the end game. Not sure they know.
tgraf66
(32 posts)I don't think they really have a clue how deeply embedded and entangled the US economy is with the rest of the world. I really don't think they understand that if they take it down, everything else will pretty quickly fall with it. It appears they think that the US economy, while obviously influential, operates in some kind of bubble, and that they can eliminate the US debt through default and then swoop in and buy up all that debt on the cheap with digital currency. That simply isn't possible. Whether they like it or even understand it or not, digital currencies are still valued in fiat amounts, and without fiat, digital literally has no value. I'm honestly not sure what happens then. Instant world-wide runaway inflation for one, I'm guessing, and a complete collapse of all trading of stocks, bonds, goods, services, and pretty much everything else.
I have no idea how many other countries - friends and foes alike - hold US debt, but that debt is literally backed only by the "full faith and credit" of the US gov't/Treasury - in other words, a lick and a promise. I do know that China alone owns over $859 billion in US debt instruments, and since China's economy is already weak, that could very well be one of the final straws for them, and lord knows what will happen to all the other creditors, including the Fed.
Yavin4
(36,366 posts)Some things when broken destroy the entire world as we know it.
flamingdem
(39,916 posts)I'm wondering when it's smart to get out.
Yavin4
(36,366 posts)Once the sugar high wears off and we default on our debts, then there will be panic selling.
struggle4progress
(120,241 posts)JI7
(90,524 posts)to what it was before Covid. Isn't he supposed to bring down the cost of rent and houses ?
Yavin4
(36,366 posts)But then again, fools at the WSJ don't believe him.
Mariana
(15,096 posts)His worshipers will believe he improved the economy no matter what happens. Remember in the book 1984, how everyone celebrated the "increase" in the chocolate ration after it had actually been decreased? Like that.
republianmushroom
(17,629 posts)hopefully, I'm wrong, but, I don't think so.
Buns_of_Fire
(17,855 posts)And the best part is that CHINA is going to pay for them! Really! Would Dr. Donald lie to you?