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- cross-posted to:
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Republicans just took power.
Not unexpected at all.
We hired one of the worst people in the world to lead us. It’s a stretch to call this unexpected.
Exactly.
Shocked pikachu face
I fucking love how there is basically only one comment on this entire post
I wouldnt be surprised if foreign investors in US Bonds were dropping that shit like it was radioactive.
Unexpectedly?
Definitely a solid onion headline worded like that.
Somehow, inflation returned
They forgot the /s
British humour.
I know I’ve seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.
Inflation has generally dropped significantly in most developed countries and is mostly tied to post-pandemic effects and the war in Ukraine. So if you ignore the debilitating influence of Trump, you would expect inflation to continue to drop in the US too.
The 3% rate isn’t actually all that high currently, but you’d expect it to trend up again due to tariffs, both from the actual effects and as an excuse for companies to raise prices.
Or Trump could cause a serious recession/depression, in which case inflation will drop (but you won’t be able to buy anything anyway, since you’ll have lost your job).
You are correct. And if Biden or Harris had been elected and we could he reasonably assured we’d continue on a stable path we’d probably be in a different situation. But Trump and team are a different story.
Correct me if I’m wrong, but don’t most (if not all) Republican administrations cause recessions or other damage to economies?
Historically the US economy generally performs better under Democratic administrations than Republican ones. I’ve read several articles and studies that show this. I’m on mobile and don’t have the time to find them However polls show that Americans consistently have the opinion that Republican admins are better on economics. And this despite no matter how much evidence os presented.
Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
Thanks for the link.
Same with budget deficits, Clinton even got surpluses…
You are not wrong, I don’t know where the other poster got their information, but Republicans almost always destroy the economy and the Democrats (kind of) fix it just in time to be blamed for the economy being bad.
The “trope” is public perception, not actual historical pattern. Every time a Republican president gets elected the exit polls are full of “economic concerns.” What that actually means is left to interpretation but so it goes.
What that actually means is left to interpretation but so it goes.
It means they think minorities had too much money.
Denial first, surprises later.
I was thinking exactly the same thing… maybe with the exception of the 30% that actually believed his bullshit enough to vote for him… I’ve been bracing for the huge inflation bolster since he was elected…
Hell trump and musk have kind of warned us, inflation is going to get worse (and lied about it being so it can get better… ignoring the general fact that inflation is a one way street, you can’t fix it… you can only slow it down, and/or speed up wages to catch up to it)
who ever wrote this article is a total moron. Unexpectedly? noo.
14 years of Conservative government has left the BBC senior ranks full of Tory placeholders and shills.
Unexpectedly? By who?
Pretty sure tons of people said that if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit… This was entirely expected. It’s the result we all knew was coming if he took office.
If it were any Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they’re spinning.
And his idea to fix inflation? Cut interest rates.
If it were any Democrat in office right now, the media would have been pinning the blame harder
If a Democrat were in office inflation wouldn’t have increased.
If a Democrat were in office inflation wouldn’t have increased.
It’s January numbers, a month Biden was in office the majority of.
Trump had already announced his policies. This was the markets pricing in those expectations. It’ll get worse if his tariffs are anything more than empty threats.
Absolutely, the moment he won is when it really started. All industries reacted and changed based on this. My friend works in the renewable energy industry, and basically, all of his projects and contracts dried up by December based off what they knew was coming. He basically does nothing for the foreseeable future except wait or get fired. Surely all this change is already seeing a real impact for January numbers.
Yep, Trump’s policies are so awful it only took 10 days to undo the progress made in the previous 20.
And what happened after he left office? Was there a surprise reveal?
People that understand economics said that People who labor under the delusion that Republican administrations are better for the economy thought otherwise.
Oh God, no! It’s the Spanish inflation!
ahem, Spanish Influation
Our two main weapons are tariffs and corruption!
Unexpectedly by who!?
The people who voted for the authoritarian liar. They are equally shocked at the leopard knawing on their face.
Thank President Musk and his First Lad Trump.
“Unexpectedly”
If it’s anything to me, it’s unexpectedly low.
Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough
“If things aren’t good enough, we should make them worse to teach those layabouts a lesson!” - People who have no intention of suffering the consequences of their actions
I’m not going to vote for good, I demand perfection!
- a bunch of Americans with Pikachu faces right now
Maaaybe tarrifs are not that great
It’s been pretty great for China so far.
Wait, that’s not what you meant, was it?
I’m not entirely sure which country’s employee of the month Trump is this time of the year. Maybe China? I can barely keep up.
I mean I don’t know if he intended to give China a massive assist with his dumbass tariffs, but he sure is.
I expected this ages ago, I must have superpowers or something
Please run the country
