Data proves Trump ‘inheriting an economy that is about as good as it ever gets’: report
https://www.rawstory.com/trump-economy-2670743392/?utm_source=Iterable&utm_medium=email&utm_campaign=Jan.5.2025_2.18pm
Posted by ControlCAD
Data proves Trump ‘inheriting an economy that is about as good as it ever gets’: report
https://www.rawstory.com/trump-economy-2670743392/?utm_source=Iterable&utm_medium=email&utm_campaign=Jan.5.2025_2.18pm
Posted by ControlCAD
31 comments
> Two weeks ahead of the official start of his second presidency, Donald Trump is slamming the United States as a “disaster” on social media.
> In a New York Times report published Sunday morning, White House correspondent Peter Baker lays out how current statistics defy the president-elect’s claim.
> “New data reported in the past few days indicate that murders are way down, illegal immigration at the southern border has fallen even below where it was when Mr. Trump left office and roaring stock markets finished their best two years in a quarter-century,” Baker writes.
> “Jobs are up, wages are rising and the economy is growing as fast as it did during Mr. Trump’s presidency,” the Times correspondent continues. “Unemployment is as low as it was just before the Covid-19 pandemic and near its historic best. Domestic energy production is higher than it has ever been,” Baker adds.
> Furthermore, Baker reports “the America that Mr. Trump will inherit from President [Joe] Biden” beginning January 20 “is actually in better shape than that bequeathed to any newly elected president since George W. Bush came into office in 2001.”
> During his 2024 presidential campaign — and just weeks before his second term — Trump claimed “immigration, crime and inflation are out of control,” Baker notes. However, he adds, the president-elect is moving back into the White House with an enviable hand to play, one that other presidents would have dearly loved on their opening day.”
> “President Ronald Reagan inherited double-digit inflation and an unemployment rate twice as high as today,” the Times correspondent emphasizes. “President Barack Obama inherited two foreign wars and an epic financial crisis. Mr. Biden inherited a devastating pandemic and the resulting economic turmoil.”
> Moody’s Analytics chief economist Mark Sandi told the Times that the MAGA leader “is inheriting an economy that is about as good as it ever gets.”
> Zandi emphasized, “The U.S. economy is the envy of the rest of the world, as it is the only significant economy that is growing more quickly post-pandemic than prepandemic.”
> Similarly, University of Virginia’s Miller Center’s director William J. Antholis told Baker that regardless of Trump’s claims, the incoming president is “stepping into an improving situation.”
> Bates adds, “After inheriting an economy in free-fall and skyrocketing violent crime, President Biden is proud to hand his successor the best-performing economy on earth, the lowest violent crime rates in over 50 years, and the lowest border crossings in over four years.
And after four years of saying how the USA was circling the drain & slagging off the economy as fast as his fat fingers could type, on day one of his tenure he’ll take those figures and brag about how good _his_ economy, built by his own hands, is and how it’s never been better in the history of the universe.
His idiot supporters will swallow it like the good little cultists they are and blame the inevitable shit show to follow on Biden – because the marmalade Mussolini will tell them to.
and he’ll be able to divert most if it his way and no one can stop him
Was no one listening the last year or so?
And when it starts getting worse due to Trump’s policies, Republicans will find a way to blame it all on Democrats, despite them not having any real power. They are easily led.
#Trump will still fuck it up
For the 2nd time!
He spent his entire campaign bashing the economy and once he takes over, he’s going to brag at how the great “his” economy is. This happens every time a Republican takes over from a Democrat.
Again
Don’t worry. He will destroy it
He promised change, and we’re going to get it. Good and hard.
The fact is, these talking points are what democrats pushed throughout.
I’m just going to say, if the data is showing everything is great, but you’re still getting people complaining, your data is likely wrong.
Credit card debt, all time high. Housing foreclosures increasing, defaulting on auto loans rising fast, no new jobs being created, AI and automation ramping up.
The economy is not good for most of America, and the World for that matter. no matter what the data says.
What will it take for those who support him, or for those who believe his lies (while not actively supporting him) to see how blatant his lies are? How does anyone reach these people with any kind of factual information, like that Biden’s economy is great, that bidenomics actually is working?
This is false!
The price of eggs is too damn high! /s
So, what this is say is, shit is only going to get worse? JFC, strap in everyone it is going to be a wild ride.
He’ll lie about the numbers anyway. He likes to gaslight everyone. I’m already tired and he isn’t even in office ffs
Now watch him fuck it up.
Yes and he and his idiot minions will destroy us. Not his billionaires & millionaires.
Wait and see how he’s going to leave it to the next Dem…
Why do I have an intuition there’s a cliff in front of us…?
I’m sure that some of the same influencers who have been saying that the economy is terrible for four years will suddenly change their tune.
He bankrupted numerous casinos. Don’t worry, he will completely ruin this economy.
Trump is not interested in an economy or in The USA.
He doesn’t have a clue about anything. He’s there doe him alone.
Right, manufacturing hasn’t beenk hikkring for months, and groceries and car insurance are at all-time highs. Proopaganda bullshit. But but but stocks are up! Thanks for the inflation and 7% mortgages.
Time to run the car into the ditch and blame “The Dems” ! Right on Schedule.
What bullshit is he going to do to tank it?
Idk 4 years ago me and my wife could eat out any buy basically anything at the grocery store like it was nothing. Now we never eat out and the same groceries are super expensive. Biden wasn’t that great for regular people.
Sell your belongings and go off grid.
That’s how it always goes.
The first year of a new president isn’t even their proposed budget. It is their predecessor’s. So they have to work within the confines of the previous administration so that first year the new president really can’t claim much.
It also takes a long time for major policy changes to see the effect. It isn’t like a president can sign an executive order and then tomorrow the economy completely flips. You may see minor blips in the radar but nothing substantial.
So pretty much, the first few years of a president’s term are essentially riding the waves of the previous one.
I’m no Christian, but I’m starting to believe in the Antichrist. It’s the only thing that makes sense to me to explain how so many people have been so completely duped by this guy. It has always been obvious to me that he’s no messiah. He’s not even charismatic. He’s a creepy, lying moron. What’s so hard to understand here? Must be magic, right?
….again….
That may very well be a valid statement, but don’t expect the MAGA’s to continue down the economic path that President Biden created… Trumps inherited an economy that will not survive on the same basic path.
Comments are closed.