Economic News

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I don't get the sense that the market is super confident heading into Trump 2.0 with all we've learned over the last few weeks, but I guess we'll see how MAGA's economic anxiety plays out for the rest of us.
 
ChileG said:
Thanks, Trump supporters.

Next up - cutting your social security and Medicare benefits.
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Speaking of Social Security, that little bump you get when you've maxed out isn't really substantial. I don't believe most would notice if they just removed the cap and kept taking the same amount all year.
 
And now the Republicans want to shut down the government until after the inauguration. It’s so great having Elon Musk as our chief economic architect.
 
Turd Ferguson said:
But I thought people voted for Trump because of his great policies.
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Those were only concepts.

And he's not really going to do the bad stuff.

It's all slide of hand so the heritage foundation cancontinue to try and fuck us into a theocracy.
 


“… The revision is an upgrade from the initial estimate of 2.8% growth in the July-Sept. period.

  • It largely reflects stronger exports and better consumer spending, offsetting a bigger-than-estimated drag from inventory investment.
The intrigue: The third quarter grew at a slightly quicker pace than the prior quarter, which expanded at a 3% annualized rate.

  • A tool developed by the Federal Reserve Bank of Atlanta estimates the economy might be even stronger in the current quarter, with 3.2% growth. …”
 
nycfan said:
Krugman on the “Vibecession” that suddenly ended …

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This has to be one of the most infuriatingly idiotic parts of modern American politics, mainly because it has such a significant impact on voting behavior. And to revisit a prior discussion on this, while both parties swing a bit based on who is in office, Pubs swing WILDLY and with no rational connection whatsoever to what’s really happening in the market. Economic illiteracy among the American right is one of the greatest threats to the country today, and it’s being constantly reinforced by right wing media and political leaders.
 
lawtig02 said:
This has to be one of the most infuriatingly idiotic parts of modern American politics, mainly because it has such a significant impact on voting behavior. And to revisit a prior discussion on this, while both parties swing a bit based on who is in office, Pubs swing WILDLY and with no rational connection whatsoever to what’s really happening in the market. Economic illiteracy among the American right is one of the greatest threats to the country today, and it’s being constantly reinforced by right wing media and political leaders.
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To understand even the most basic concepts of economics requires a capacity for abstract thought. Conservatives generally, and MAGAs especially, tend to be literal/ concrete thinkers and have little, if any, understanding of basic economics.

Attempting to explain basic economics to them is a waste of time. Dems have to develop political messages that a 5th grader can understand. Trump has been very skillful in dumbing down political messaging. Dems need to up ( down ? ) their game when it comes to political messaging that can reach 40% of the country which is Trump country.
 
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