Can the ORANGE GOD save us from Sleepy Joe The Corrupt?? Inquiring minds want to know.
https://amac.us/newsline/economy/can-trump-defuse-bidens-economic-time-bomb/
When President-elect Donald Trump takes over for Joe Biden next month, he will be inheriting an economy teetering on the brink of disaster. But as hazardous as the situation is, Trump may be the man best suited to defuse the ticking economic time bomb Biden is leaving behind.
While the economic situation under Biden remains far worse than the boom times of the Trump years, things have improved marginally from the worst of the inflation crisis in 2021 and 2022. Prices are still more than 20 percent higher than when Biden took office, but the monthly inflation rate has eased from the astronomical 9.1 percent seen two years ago. The stock market has also had relatively robust returns, and job numbers overall have been strong this year – although there remains ample reason to doubt the government’s official narrative on that front.
However, there are concerning signs that the slow improvement over the past few months may be short-lived. The Consumer Price Index, the measure used to gauge inflation, was 2.7 percent in November, slightly above the 2.6 percent rise in October, and could be set to get worse in the months ahead.
Government spending – the major driver of inflation – has also only continued to accelerate under Biden. Even if Trump cuts spending shortly after taking office, the dollars flowing out of the Treasury right now could have a residual effect on inflation months from now.
Inflation aside, Trump will have a number of other urgent economic fires to put out when he takes office. According to the Department of Labor, 242,000 people filed for unemployment in the first week of December, up from 225,000 the previous week. At a time when claims should be dropping significantly due to a holiday hiring surge, this rise is concerning.
https://amac.us/newsline/economy/can-trump-defuse-bidens-economic-time-bomb/
When President-elect Donald Trump takes over for Joe Biden next month, he will be inheriting an economy teetering on the brink of disaster. But as hazardous as the situation is, Trump may be the man best suited to defuse the ticking economic time bomb Biden is leaving behind.
While the economic situation under Biden remains far worse than the boom times of the Trump years, things have improved marginally from the worst of the inflation crisis in 2021 and 2022. Prices are still more than 20 percent higher than when Biden took office, but the monthly inflation rate has eased from the astronomical 9.1 percent seen two years ago. The stock market has also had relatively robust returns, and job numbers overall have been strong this year – although there remains ample reason to doubt the government’s official narrative on that front.
However, there are concerning signs that the slow improvement over the past few months may be short-lived. The Consumer Price Index, the measure used to gauge inflation, was 2.7 percent in November, slightly above the 2.6 percent rise in October, and could be set to get worse in the months ahead.
Government spending – the major driver of inflation – has also only continued to accelerate under Biden. Even if Trump cuts spending shortly after taking office, the dollars flowing out of the Treasury right now could have a residual effect on inflation months from now.
Inflation aside, Trump will have a number of other urgent economic fires to put out when he takes office. According to the Department of Labor, 242,000 people filed for unemployment in the first week of December, up from 225,000 the previous week. At a time when claims should be dropping significantly due to a holiday hiring surge, this rise is concerning.
