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Trump has fired 300,000+ federal workers, shut the entire federal government down for 40 days, dramatically increased prices for most everything by imposing his tariffs, caused a catastrophic collapse of farm and other exports, and allowed huge increases in heathcare insurance premiums.
We're heading for a serious and deep recession and the economic data that Trump's hiding shows that.
On a positive note: imagine how large scale and resilient the US economy is to not yet be nose first in the ground already. Don't mistake me, it's bad and heading that way, and lots of damage and people have been hurt, but even the bankruptcy king who can ruin businesses that run themselves couldn't immediately tank it.
It's like the bull ran through the china shop a few times, and while there's debris on the floor, there's still a lot that hasn't been knocked down. Oh wait, here he comes through again...
I'm actually surprised things are happening so fast. We're only 10 months in and it took Trump a few weeks to start his rampage. Even in this short amount of time he's done enough damage to force him to block the release of economic data that has been standard fare for decades. In another 10 months the downturn is going to be so widespread and apparent that even the Republican propaganda machine and Trump's pathological lying won't be able to cover it up.
We can hope. Then maybe, just maybe, the American voters will come out and do something for a change, instead of whining about the candidates and a war on the other side of the world.
He spent 4 years damaging it and between him and the pandemic it still hadn't recovered resilience.
the only reason you think that is the gdp which looks okay because of the financial markets AI Hype and maybe the Defense Systems Industry.
The actual economy: Groceries, Services, both public and and private, healthcare and Infrastructure in general are all very much nose first in the ground.
Business is not Economy
BUT LINE GO UP
MythBusters showed the expression bull in a China shop is not accurate because the bull did not actually break anything
It really shows how delusional and untethered the national casino that is Wall Street is. They will keep partying until the boat is fully underwater.
Just sweep everything under the rug and pretend it's not there, what is the worst that could happen?
Best case scenario: the less corrupt, less cruel (note: less) democrats wrest power back. At which point all hidden failures will become public and blamed on them. Republicans will claim everything was peachy under their watch and everything went to shit as soon as a woman or a person of color got control.
This is what Trump does. Take control of buissnes, extract wealth for himself, use the weak and corrupt legal and regulatory systen to his advantage while leaving the bag to someone else.
If you are not a billionare, you are the 'someone else'.
What? I haven't gained a tremendous amount of weight doctor. I threw out our scale months ago. The one you have here has been recalibrated by the radical left. 215lbs forever.
Fun little fact:
During mortgage security and global meltdown, the actual, direct drop in economic valuation due to mismanagement, poor underwriting, etc. wasn't the cause of the lions share of the overall drop.
Trust was.
This is the thing that worries me as someone living in the US, why the hell would the global financial system still trust the US? It doesn't matter if Trump gets thrown out and a democrat wins and centrists implement measly reforms that only paper over the wound blah blah blah... from the rest of the world's perspective who is to say fascists/rightwing extremists in this country won't try to collapse everything again in another 4 years?
Centrists and rightwing people are living life in a complete daze in the US thinking that trust doesn't have any bearing on whether the US hurtles into a depression or not, it is very unnerving and exhausting to be immersed in.
The global financial system is forced to work with the US bc the USD is currently the world's reserve currency. If the world aknowledges what's happened to America then everyone crashes. Once the reserve currency is no longer USD, the US cant keep printing money and everything quickly falls to shit in America while the rest of the world moves on.
I
That's an incredibly dangerous move. Even bad numbers would just be an embarrassment for the President. But not releasing the numbers forces everyone to assume they are the worst case scenario possible, which could make for absolute market panic.
This is the same guy who said if you stop covid testing, the numbers go down. I'm not sure I would trust any numbers he published anyways.
Are you tired of winning yet?
Can we ask our representatives to vote for the release of these files too?
Kinda like his casinos, steak company, university….im seeing a trend here
Lysenkoism time baybeeeee
What a gimp
Absolutely hilarious. And then blaming the Democrats for it...
Isn’t tat another failure?
What the fuck is he wearing?
He has been dressing like this since he met with mamdani lol
I'd sooner go to prison than work in this economy.
Free food, shelter, heating, and above all: healthcare.
Tell me you haven't been to prison without telling me you haven't been to prison
plot twist: they are a prison