- cross-posted to:
- economy@lemmy.world
- cross-posted to:
- economy@lemmy.world
Summary
Financial markets reacted quickly to Donald Trump’s return to the presidency, with higher share prices, a stronger dollar, and expectations of slower interest rate cuts.
Trump has outlined plans to cut taxes, impose high tariffs, restrict migration, and reduce regulations. Economists warn that his economic policies could hinder growth and drive up consumer prices, while benefiting corporate profits.
Trump’s tariffs, especially a 60% levy on Chinese imports, are expected to strain the eurozone.
Inflationary pressures from his policies may also challenge the Federal Reserve’s efforts to lower interest rates.
America: “Inflation under Biden is awful”
Trump: “Elect me and I’ll make it worse”
America: “Yup, that’s our guy”
Two years after Trump makes it worse: “Why did the Dems tank the economy?”
“How could Joe Biden do this to us!” Person exclaims after GOP controls the house, Senate and executive branch.
Don’t forget the judicial branch!
Not even a joke, remember Covid-19 and how people pointed to the empty grocery stores and said “This thing literally happening under Trump is a preview of what Biden will do!”
Trump and the Republicans are about to make things worse for the vast majority of Americans. How much they actually accomplish will probably be at least somewhat limited by infighting and incompetence, But if they fulfill even a fraction of what the campaign promised (to say nothing of the project 2025 roadmap) there will be a lot more things for the people to be upset about.
If they also win the House, how will they blame the democrats for their problems when they have total control?
Sort of a rhetorical question.
Simple. They say everything is the Democrat’s fault, and their idiot followers believe it, no questions asked. It’s been working in Texas for decades.
Abbott said he wouldn’t stand for any Democrat policies around here.
I guess I should further emphasize the rhetorical part.
Find any state where Conservatives have been in charge for two decades or more and you’ll have your answer.
They’ll say the immigrants, Teh Gheyz, the tranz, the uppity wimmenz, the POC, the woke, antifa did it…
CHANGE 🧟♂️!!!