The Trump Economy

1. 62

   Willowarborposted 3 weeks ago

   The Consumer Price Index rose 2.9% over the past year, the fastest pace since early 2025. Core inflation is at 3.1%.
   
   Just days ago, Trump claimed the US has “virtually no inflation.”
   
   In reality, inflation continues its upward trend under Trump.... This is a "winning" economy?
   
   Just creating a space heater for all thing related to Trump's economy.

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2. 62

   Willowarborposted 3 weeks ago

   Okay deficit Hawks...
   
   The U.S. Government Is Spending Way More Than It’s Making
   
   The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday.
   
   The figure exceeded expectations, as economists had forecast a shortfall of about $300 billion, according to CNBC. In reality, the government spent $689 billion while taking in $344 billion, including $30 billion from tariffs: a monthly record that still was woefully inadequate to close up the budget gap, as August saw the third-largest deficit on record this year.
   
   In the fiscal year thus far, the United States has racked up a deficit of $1.973 trillion. That figure is $76 billion higher than it was at the same time last year, and, according to Bloomberg, is surpassed only by the years 2020 and 2021, when the U.S. was “spending extraordinary amounts to cope with the Covid crisis.”
   
   Fiscal responsibility? LOL

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3. 62

   Willowarborposted 2 weeks ago

   Ass Hats as far as the eye can see...
   
   July 30...
   
   
   TODAY...
   
   AXIOS: Inflation in August ticking up to the highest since 2021. Manufacturing activity shrank six months running. Unemployed workers exceeding job openings. If Biden had numbers like that, you'd be on Fox saying, 'What's going on'?
   
   LUTNICK: So, the economy that Donald Trump owns starts at the end of this year.
   
   AXIOS: It doesn't work that way!
   
   THEY THINK THE AMERICAN PEOPLE ARE IDIOTS
   
   https://x.com/atrupar/status/1966617902733258822

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4. 62

   Willowarborposted 2 weeks ago

   China has not bought a single soybean from the U.S. in over 3 months.
   
   Not a single penny.
   
   Our farmers are doomed.  But, they're getting what they voted for. 
   
   

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   1. 99

      DrMark1961posted 2 weeks agoin reply to this

      China is now buying their soybeans from Brazil, as we have a socialist president that is politically in favor of the CCP. That is not going to change, but what I see is a lof of leftists willing to prostitute themselves so that farmers can get back into that market.
      News flash for you leftists that think farmers are doomed: they are not. If one crop can not sell, there are other crops. Farmers are adapatable and will find an alternative. If Trump managed to sell a lot of crops to China then I am sure you would be on this site complaining about how he is sending all that food to China when it could be feeding US consumers.

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      1. 72

         Ken Burgessposted 2 weeks agoin reply to this

         What is going on right now is more complicated than what the typical statistics and figures will show...
         
         In fact... this point in time breaks all the historic norms...
         
         I have spent days... days... listening to experts and reading articles about what is occurring and why...
         
         We are in a trade war... an economic war... between China and the U.S.
         
         China only imports 1/5th what it exports to America... so the tariff wars are far more crushing to its economy than it is to the U.S.
         
         That said, Trump still has to keep spending to keep all the government programs afloat... from Social Security to Medicare to the Military to paying the debt which costs about 1 Trillion dollars every 90 days.
         
         Trump didn't put America in this hole... but to cut spending now would put the country in default of its debt and cause every social program to fail.
         
         Tariffs will work, eventually... the Genuis Act will help transition debt to investors and banks in ways that was not possible...
         
         Trump's team is going to succeed and save America... or America is going to see economic ruination... the belief is that if they can get past the next few years, set up critical industry in America, lead the way in AI, robotics, Quantum Computing, etc. the ship will right itself.
         
         To be clear... the economic cycles... the rise and fall of empires... shows that we are due to fall, and China to rise in our place... but as of right now America is making moves to break-out of that cycle and create a rebirth for America that could last into the next century.
         
         As an American citizen I am hoping Trump's Administration has great success and China stumbles every chance it gets... China no longer has a stooge doing its bidding in the White House... so America has a chance.

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         1. 62

            Willowarborposted 2 weeks agoin reply to this

            It's not really complicated ... China is purchasing zero soybeans from us and farmers are whining and crying and looking for handouts.... Asking to be rescued from what they voted for...

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            1. 75

               wildernessposted 2 weeks agoin reply to this

               Isn't that how virtually everything connected to our government works?  "Let someone else pay the cost - leave me out of that."  From welfare programs to subsidies for virtually everything under the sun it is always "someone else pays, I gain". 
               
               Of course, I must recognize that that is all government really has to offer - money taken from someone else.

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               1. 62

                  Willowarborposted 2 weeks agoin reply to this

                  This is the second time these farmers have voted for their own demise. I don't want to see them subsidized again.

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         2. 99

            DrMark1961posted 2 weeks agoin reply to this

            Glad to see some of you are intelligent to not think that the US is doomed, like that person declared of the US famers.

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5. 62

   Willowarborposted 2 weeks ago

   BESSENT: TARIFFS WILL HELP US PAY DOWN THE DEBT
   
   They’ve been saying this since *Liberation Day."
   
   We’ve added close to $2 Trillion to the National Debt since then.

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   1. 75

      wildernessposted 2 weeks agoin reply to this

      As opposed to $3T without tariffs?  Or maybe $4T? 
      
      How about the "truth, the whole truth and nothing but the truth"?  You seem to have left out the "whole truth" part...

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      1. 62

         Willowarborposted 2 weeks agoin reply to this

         You're presenting a hypothetical. I've presented fact.
         
         But Where has this tariff money come from?  Trump, just this morning claimed that other countries were paying us....LMAO

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