Frank wrote on Nov 7
th, 2024 at 2:03pm:
SadKangaroo wrote on Nov 7
th, 2024 at 10:17am:
Frank wrote on Nov 7
th, 2024 at 9:00am:
That doesn't sound like a laugh, more like a shite- eating grin, at best.
Wake up. 70% of Americans think their country has been go in in the wrong direction for 4 years. And it's no wonder when the best their rulers could find was Biden and then Harris.
All the correctives Trump promised are what they want. Democracy prevailed despite the lying and cheating, lawfare and smears by the Dems and thair agit-prop Big Media lackeys.
It will be interesting how it pans out.
Much of what Trump promised, the outcomes, they're not achievable with the path he laid out, so it will be interesting to see where things go.
The trade wars, inflation and interest rate rises that his articulate plan will lead to, matched with the tax changes for the higher end as well as company taxes, the majority of Trump's base, the people who voted for him, will end up paying far more than the elites.
They're going to feel the pain even more than they are now, while being told how good things are because the stock market numbers look good.
That wore off real quick last time. I wonder how long it will take this time?
I can't help noticing that ALL your prognostications have been way off the mark for the last 8+ years, just like all the prognostications of gweggy, karnal, ducky, Meister, sad sprinty and all the rest of the TDS-afflicted kids. But you all carry on blithely.
A pause and review is indicated, Forelorn Marsupial, followed by an adjustment of the blinkers. Can you do it?
Much of what I anticipated was proven correct during Trump’s first term. Before COVID-19 struck, cracks were already forming in the U.S. economy under his administration. While he rode on the tailwinds of low unemployment and strong growth, key economic indicators in late 2019 and early 2020 hinted that momentum was faltering.
The reality is that Trump inherited a robust recovery, requiring little more than minimal oversight to keep it on course, a situation not unlike the one he will face on day 1 of his next term. However, Biden’s recovery is admittedly softer, lacking the aggressive rebound Obama was able to deliver, which Trump initially enjoyed.
Yet Trump wasn’t content to let the economy run its natural course. His “tinkering” introduced instability that came to haunt him: a manufacturing slowdown, decelerating GDP growth, rising federal deficits, an inverted yield curve, and a decline in business investment, all began to unfold before COVID eclipsed everything.
In truth, COVID may have been the best political cover Trump could have received, concealing his economic downturn just as it was emerging. The pandemic's chaos veiled his legacy of economic missteps, sparing him from the responsibility of cleaning up his own mess.
Now, with the recovery stabilising, he will be ready to swoop in and claim credit. Yet this time, he plans to deploy more reckless tax cuts benefiting corporate elites, financed by tariffs that tax the very people they claim to serve.
Disagree with me all you like, but facts don’t care about your feelings.
If you would like a policy discussion with what little we know from Trump's campaign, I'd be happy to take part.
Just say the word