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return2ozma@lemmy.world to News@lemmy.world · 2 days ago

Trump Economy 'Stalling Out' as Unemployment Rate Hits Highest Level in 4 Years

www.commondreams.org

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  • pravda_news@news.abolish.capital
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Trump Economy 'Stalling Out' as Unemployment Rate Hits Highest Level in 4 Years

www.commondreams.org

return2ozma@lemmy.world to News@lemmy.world · 2 days ago
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  • cross-posted to:
  • pravda_news@news.abolish.capital
Trump Economy 'Stalling Out' as Unemployment Rate Hits Highest Level in 4 Years | Common Dreams
www.commondreams.org
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"Trump may give himself an A++++ on the economy, but these latest jobs numbers are failing working families."
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  • blattrules@lemmy.world
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    2 days ago

    When was the Trump economy ever moving to begin with? Seems to me that he slammed the brakes on the already slow Biden economy and has been driving in reverse since then.

    • Buffalox@lemmy.world
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      I think it’s stalling the same way a plane would if it’s not moving and loses air lift. So next to come is crashing.

    • gandalf_der_12te@discuss.tchncs.de
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      1 day ago

      a move backwards is still a move

  • N0t_5ure@lemmy.world
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    2 days ago

    Trump is teeing up economic collapse. Our budget deficit is 6%, well over double economic growth, and unsustainable. Our national debt is massive, and a significant chunk comes due in 2026 and will have to be rolled over into new bonds, which will undoubtedly be seeking a higher interest rate to compensate for the fiscal risk caused by the out of control budget. Add in the fact that Jerome Powell’s term as fed chair in up in May, and you can rest assured that Trump will appoint a lackey, it becomes clear that reckless monetary policy to juice the economy will be in play. There is a reason that gold is in the midst of the biggest bull market of all time, and it will go absolutely bonkers in 2026.

  • VampirePenguin@lemmy.world
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    1 day ago

    You mean Biden’s economy finally ran out of steam.

  • Paranoidfactoid@lemmy.world
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    14 hours ago

    “IT’S ALL BIDEN’S FAULT!”

  • Treczoks@lemmy.world
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    1 day ago

    Trump is like manmade COVID for the US economy.

    Sadly, the “normal” way to distract from failure at home is starting some random war.

  • Pistcow@lemmy.world
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    2 days ago

    So, since last time he was president?

    • panda_abyss@lemmy.ca
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      2 days ago

      Speed run this time though

      • Burninator05@lemmy.world
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        1 day ago

        In 2017 Trump started with an economy that was doing ok after 8 years of Obama. In 2025 Trump started with an economy that was shaky at best.

        • groupofcrows@lemmy.ca
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          15 hours ago

          Months before the 2024 election Trump tried to take credit for the strong economy by saying investors were looking forward to a Trump presidency. Now he IS president and blaming Biden policies for ruining his economy. So Trump did not see the economy he inherited as being shaky.

  • SantasMagicalComfort@piefed.world
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    2 days ago

    I bet if Harris won she would have hit the highest rate in forty years by now.

    • Buffalox@lemmy.world
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      2 days ago

      No Harris would have continued Biden’s economic policies, and they actually created economic progress.
      The problem with inflation was a worldwide consequence of COVID, European countries have inflation under control now. in my own country Denmark, food prices even dropped a little in November! And inflation is projected to be below 2% next year.

    • blitzen@lemmy.ca
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      On what evidence do you support that theory?

      • SantasMagicalComfort@piefed.world
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        What evidence do you have to disprove it?

        • Buffalox@lemmy.world
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          You are the one making the claim, so the burden of proof is on you.

          • SantasMagicalComfort@piefed.world
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            I shared my opinion.

            • Buffalox@lemmy.world
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              Wrong, you shared your BASELESS opinion.
              Not all opinions are equal, although the Christian right likes to claim so.
              But informed opinions are actually worth more than uninformed opinions.

              • gandalf_der_12te@discuss.tchncs.de
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                in german we have a great proverb called “einbildung ist auch eine bildung”

                • Buffalox@lemmy.world
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                  LOL that’s a good one. Hard to translate so it works though, but I speak enough German to get it just fine. 😀

                  That’s almost like having a theoretical degree in physics.
                  Not quite as good as having a degree in theoretical physics.

        • kbobabob@lemmy.dbzer0.com
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          2 days ago

          You’re the one making a dumbass comment. If you want people to listen to you then at least try to put reason to such a dumbass comment.

          • SantasMagicalComfort@piefed.world
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            No offense but if you don’t have evidence to disprove my comment why did you feel the need to jump into the conversation?

            • forrgott@lemmy.zip
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              Says the guy doing nothing to defend an utterly moronic stance…

            • Buffalox@lemmy.world
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              You are either a troll or very poorly educated.

              • huquad@lemmy.ml
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                2 days ago

                Why not both?

                • Buffalox@lemmy.world
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                  I was trying to be nice. 😋

        • blitzen@lemmy.ca
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          Evidence can’t prove a negative.

          I have no idea what today’s economy would look like under Harris, but I’m not the one making a claim.

          • SantasMagicalComfort@piefed.world
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            Would you be coming after me this hard if I said that I bet the jaguars will win the super bowl next year?

            • blitzen@lemmy.ca
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              I’m not sure a simple “what is your evidence” is coming at you hard. But okay…

              if you said that I would see they have a very good record right now (evidence) and wouldn’t wonder why you are saying that.

              If you claimed the Titans were going to win, I would indeed wonder and ask for your reasoning.

              • SantasMagicalComfort@piefed.world
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                Have the jaguars ever played a super bowl?

                • blitzen@lemmy.ca
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                  They’re 10-4, first in their division, 3rd in the AFC. They’re not my first choice to win the Super Bowl, but I wouldn’t bet against them either.

    • Jakdracula@lemmy.world
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      You’re wrong.

      https://www.wsj.com/politics/elections/economists-say-inflation-deficits-will-be-higher-under-trump-than-harris-0365588e

      And:

      https://www.ms.now/the-reidout/reidout-blog/trump-penn-wharton-economy-harris-rcna168687

      And:

      https://www.bloomberg.com/features/2024-trump-harris-economics-plan-models/

      And:

      https://www.moodys.com/web/en/us/site-assets/assessing-the-macroeconomic-consequences-of-harris-vs-trump.pdf

      Should I keep going?

      • SantasMagicalComfort@piefed.world
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        Exit polls 2024: Deep economic discontent with Biden drove voters to Trump

        The economy remains a key irritant. Voters say it’s in bad shape by 67%-32%. And 45% say their own financial situation is worse now than four years ago, versus 30% the same, with just 24% doing better. The “worse off” number exceeds its 2008 level, then 42%, and far outpaces its shares in 2020 (20%) and 2016 (28%).

        Trump is more trusted than Harris on immigration and the economy in the preliminary exit polls while Harris leads Trump in trust on abortion.

    • corsicanguppy@lemmy.ca
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      Compared to the series of absolute winner advisors the Cheeto has? Yeah. Go with that, buddy ;-)

    • Ghyste@sh.itjust.works
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      Pretty sure this sarcasm is for the poster and I’m here for it.

    • gandalf_der_12te@discuss.tchncs.de
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      unemployment doesn’t matter anyways, affordability does.

      with what policy does trump support giving handouts to the people? none i can see. and that’s the problem.

    • frustrated_phagocytosis@fedia.io
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      No.

  • billbasher@lemmy.world
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    2 hours ago

    Yeah Trump voters voted for this whether they wanted to or not. They said put a corrupt president in office “he’ll be good”. If you voted for him you voted for corruption and facism and I do not like you

  • Iheartcheese@lemmy.world
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    2 days ago

    Employment is a Democrat hoax.

  • WanderWisley@lemmy.world
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    2 days ago

    The highest level so far…

  • slothrop@lemmy.ca
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    2 days ago

    He’s doing a state of the onion tm night…

    • prole@lemmy.blahaj.zone
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      state of the onion

      The state of the onion is tasty!

    • korendian@lemmy.zip
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      Can’t wait for him to deploy his reality distortion field and for all his magites to eat it up.

  • myfunnyaccountname@lemmy.zip
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    Can you believe Biden fired all these people just to hurt trumps amazing numbers?!

  • empireOfLove2@lemmy.dbzer0.com
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    yeah but stock market!! 1!! 1!1!! 1!1

  • ExLisper@lemmy.curiana.net
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    12 hours ago

    What’s the worst case scenario? US declares bankruptcy, inflation hits 100%, everyone loses all their savings and the rich become even richer?

  • crusa187@lemmy.ml
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    So, highest since Trump’s first term. Nice.

    • BarneyPiccolo@lemmy.today
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      Unemployment spiked last time because of Covid. MAGA has nothing to blame this on, other than their own incompetent policies. But Kevin Besset goes on Meet the Press every week, and claims that everything is fine, the Dems are just lying.

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