Liberal Forum

Blackvegetable » 07 Mar 2025, 6:58 am » wrote: ↑

07 Mar 2025, 6:58 am

President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling. 

Just weeks into Mr. Trump’s term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. Layoffs are picking up, according to some data. And forecasters are cutting their estimates for economic growth this year, with some even predicting that the U.S. gross domestic product could shrink in the first quarter. 

Some commentators have gone further, arguing that the economy could be headed for a recession, a sharp rebound in inflation or even the dreaded combination of the two, “stagflation.” Most economists consider that unlikely, saying growth is more likely to slow than to give way to a decline. 

Still, the sudden deterioration in the outlook is striking, especially because it is almost entirely a result of Mr. Trump’s policies and the resulting uncertainty.

https://www.nytimes.com/2025/03/07/busi ... riffs.html

Remember when Master Vegetable told you that "Less shall be more"?

**** cretins.

wow, brown...stupid much?

when you check the mileage in your Big Wheel, do you fill, drive around the block and fill again?