Inflation, looming trade war take toll as confidence of U.S. consumer tumbles

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8 thoughts on “Inflation, looming trade war take toll as confidence of U.S. consumer tumbles

  1. Umm, I’m sorry I thought Trump was going to fix everything. The only thing being fixed is more tax breaks for the uber wealthy, while increasing unemployment for the thousands of people being fired. Hollowing out our government and putting incompetent people in responsible jobs will have far reaching consequences. I’m sure the MEGAverse will have excuses galore for any problems but everyone with the exception of the top 1% is going to suffer. I hope I’m wrong about this but so far it doesn’t look good.

    1. I thought according to the Democrats we had one of the best economies going; there were jobs for everyone and not enough people to fill them so I guess all these government workers can move to the private sector and take some of these jobs. Or was that just smoke they were blowing up our butts about the great economy?

  2. Oh man, if only someone had pointed out that Trump’s proposed policies were actually inflationary and that tariffs wouldn’t actually bring manufacturing back to the U.S. en masse, but push down consumer demand and trigger a recession. If only, if only…

    1. Well what was happening under Biden wasn’t any better so I guess we’ll all just continue to suffer.

    2. What was happening under Biden was objectively better. Consistent downward trend on core inflation, low unemployment, rising real wages, a large infrastructure package, and a stable stock market because futures looked good. I’m getting pretty tired of being lied to my face. Donny took only a month to reverse course on core inflation (now rising again) and wants more policies that would make inflation much worse while simultaneously increasing unemployment. He was pushing us into a recession in 2019 as well. He missed Q4 2019 growth targets by A LOT and GDP growth was starting to slip into the negative range. COVID just accelerated the existing trends and he’s going to do it again.

  3. The Biden economy was running great in most respects. It has taken King Donald only a month to send all indicators downhill. He may love tariffs and trade wars, but the consumer contingent will determine quickly that the Emperor has no clothes.

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