Trump realizes he can't force out Chairman Powell, so he plays it politically by claiming he doesn't want to . . .
https://www.cnbc.com/2024/12/08/donald-trump-says-he-wont-try-to-remove-fed-chief-jerome-powell.html
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-- Modified on 12/9/2024 11:02:12 AM
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Because the economy is in trouble. Powell will continue to cut the interest rates. After Trump gets into office the truth will come out about the economy how we have been in a recession for a while (at least since August 2024).
The bls (bureau of lying statistics) has had a lot of revisions. One time this past summer they came out with a revision of 800k jobs that were over counted for a 18 month period.
great way to predict filthy maga traitor cunt trump will have us in a recession in no time. We are not currently in a recession, but we will be as soon as incompetent shit show v.2 gets underway. So fucking DUMB.
for over year, but the Biden administration was covering it up by reporting artificially optimistic numbers for jobs, inflation, etc., which they quietly revised down (or up in the case of inflation) to the correct figures many months later. This manipulation of the narrative on the economy is now verified fact within the government.
Nonsense....Just as I predicted ... the filthy maga traitors will try to blame the upcoming filthy maga traitor recession on Biden. Comically stupid - but all the filthy maga traitor cunts will swallow it hook line and sinker. Just like the sycophants you all are.
Just as a refresher: A recession is a significant decline in economic activity that lasts more than a few months and affects the entire economy. The National Bureau of Economic Research (NBER) defines a recession by considering many factors, including: GDP, Real income, Employment, Industrial production, and Consumer spending
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “second” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, federal government spending, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.
Only fully complicit traitor trump sycophants will read the above and falsely claim we are currently in a recession. We are not. Just plain simple facts.
Donald Trump risks tipping the US into recession if he follows through with the promises made on the campaign trail, a top economist has warned.
Paul Mortimer-Lee of the National Institute of Economic and Social Research (NIESR) said the “ill-considered, rushed and damaging” combination of tariffs, the mass expulsion of illegal immigrants, tax cuts and spending efficiencies was “likely to tip the US economy into recession.”
Filthy maga traitors are simply priming the skids for the inevitable filthy maga traitor trump recession that is coming and LYING that we are somehow currently in a recession, when we are not.
Dumb filthy maga cunts.
some bumps in the road on the way to unprecedented prosperity for average Americans. Even J.D. Vance admitted during the campaign that things may get a little bit worse before a complete recovery happens. Yep. He said that, and Trump still got elected. The American voters understand the extent of the damage caused by Biden/Harris and that it's not going to be an easy, overnight fix, but that Trump is the best hope to fix it, and that's why he won.
There is no 'damage' done by the Biden admin. We have the strongest economy in the world right now with the best jobs growth in the history of the country. Stock market at all time highs. Tell us what all this 'damage' is? It's all the delusional minds of filth maga traitor cunts.
The American economy
The envy of the world
Special reports - Oct 19th 2024
The American economy has left other rich countries in the dust. Expect that to continue, argue Simon Rabinovitch and Henry Curr
Maybe pull your head out of your asshole dipshit....
U.S. economic growth remains impressive. It’s the envy of the world, except at home
The Commerce Department said Wednesday that U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter.
The latest GDP increase was again powered by durable consumer spending as U.S. households have benefited from a solid job market, declining inflation and booming stock market.
While the U.S. economy may be the envy of the world, polls have consistently shown Americans are mired in a sour, griping mood when it comes to the economy, which may prove to be a significant factor in the election.
Why? because Biden is in office so filthy maga traitor cunts are WHINY LITTLE CUNTS - regardless of the FACTS.
CUNT
That's why you little cunts are whiny little bitches - when our economy is the best in the WORLD right now. But because Biden is in office - whiny little maga cunts WHINE.
WASHINGTON — The last and most consequential report on the nation’s economic health before next week’s election provided more evidence of America’s resilient growth. Whether it will make a difference to voters is an open question.
The Commerce Department said Wednesday that U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter. A country’s GDP is a tally of the value of all goods and services produced in the nation.
The growth was a slight deceleration from the 3% annualized increase in the second quarter, but U.S. economic activity continued to far outpace almost every other developed nation. “The outlook is for more of the same with growth the envy of the world,” said Chris Rupkey, chief economist at Fwdbonds, a economic and markets research firm in New York.
The latest GDP increase was again powered by durable consumer spending as U.S. households have benefited from a solid job market, declining inflation and a booming stock market.
“It’s impressive, phenomenal,” said Jeffrey Korzenik, chief economist at Fifth Third Bank, referring to the American economy’s exceptional run of strong output and full employment.
The Labor Department is set on Friday to release job creation and unemployment numbers for October, but analysts are discounting the report as the data are expected to be badly distorted by the temporary effects of two hurricanes and a strike by Boeing workers. In September, the American economy added 254,000 jobs and unemployment ticked down to a historically low 4.1%.
Trump had the economy roaring last term. Let’s hope he can do it again.
trump road the coat tails of the Obama economy, but nice try. trump left with the worst jobs record in American history. I do hope the traitor does better this time. Unfortunately, it's likely that we'll be in a recession with a skyrocketing deficit.