The Trump Slump (2 Viewers)

[RogerCooper]

As the year comes to end, let's take a look at Trump's achievement of generating a recession single-handedly. Inflation up and employment down. These were predictable results of his policies.

He generated inflation

1. By increasing tariffs
2. By increasing the deficit
3. By pressuring the Fed to lower interest rates
4. By stopping immigration

Numbers 1 and 4 also reduce the size of the economy.

 

[AccessBlaster]

Calling this a recession overstates the case. Inflation has not accelerated during the year; it has remained roughly flat around 3 percent. The S&P 500 is up double digits year to date, which is not what recessions typically look like. Employment growth has slowed, but the labor market remains historically tight rather than collapsing. Gas prices are down, even in California. I realize we’re both fudging slightly, but I prefer the more optimistic approach.

 

[Steve R.]

@RogerCooper: This seems to be more of a relapse into Trump Derangement Syndrome (TDS) than a valid debate topic. The most obvious point: What recession????. No evidence has been provided to establish that the US is in a recession.

1. The jury is out on the effects of tariffs on the economy.
2. Yes, the deficit is increasing; but what is new?
3. What is your point concerning pressuring the Fed to lower interest rates?
4. On immigration, the Biden administration opened the US border to all. This has had severe adverse impacts on US culture and the US economy. One of the worst aspects, the illegal immigrants were let in without due process, yet the attempts to deport them have been obstructed under the guise of due process. That makes the whole concept of due process a legal absurdity. The Biden administration purposely avoided enforcing immigration laws. A lawless corrupt administration.