- cross-posted to:
- economy
- cross-posted to:
- economy
Summary
Financial markets reacted quickly to Donald Trump’s return to the presidency, with higher share prices, a stronger dollar, and expectations of slower interest rate cuts.
Trump has outlined plans to cut taxes, impose high tariffs, restrict migration, and reduce regulations. Economists warn that his economic policies could hinder growth and drive up consumer prices, while benefiting corporate profits.
Trump’s tariffs, especially a 60% levy on Chinese imports, are expected to strain the eurozone.
Inflationary pressures from his policies may also challenge the Federal Reserve’s efforts to lower interest rates.
Trump and the Republicans are about to make things worse for the vast majority of Americans. How much they actually accomplish will probably be at least somewhat limited by infighting and incompetence, But if they fulfill even a fraction of what the campaign promised (to say nothing of the project 2025 roadmap) there will be a lot more things for the people to be upset about.
If they also win the House, how will they blame the democrats for their problems when they have total control?
Sort of a rhetorical question.
Find any state where Conservatives have been in charge for two decades or more and you’ll have your answer.
Simple. They say everything is the Democrat’s fault, and their idiot followers believe it, no questions asked. It’s been working in Texas for decades.
I guess I should further emphasize the rhetorical part.