'May not survive': Experts say Trump's coalition shows 'great potential for a crackup'
4 months, 2 weeks ago

'May not survive': Experts say Trump's coalition shows 'great potential for a crackup'

Raw Story  

John Judis and Ruy Teixeira, two political scientists who have been highly critical of the Democratic Party's shift leftward on cultural issues in recent years, nonetheless think that Republicans may be getting ahead of themselves with a talk of a "political realignment." While acknowledging President-elect Donald Trump's impressive win in the 2024 race, Judis and Teixeira write in the New York Times that the coalition of voters whom Trump assembled this year may not be as durable in the years ahead. "He might try to carry out his promise of deporting millions of illegal immigrants, a project that could not just wreak havoc among families and in communities but also cause economic chaos," they write. It’s the short-term costs — another round of inflation, this time imposed by Mr. Trump — that might endanger the Republican coalition."

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History of this topic

'Really concerned': Cracks form as right-wing Heritage Foundation frets over Trump policy
1 week, 3 days ago

'Really concerned': Cracks form as right-wing Heritage Foundation frets over Trump policy

Raw Story  

An economic fellow at the far-right Heritage Foundation who previously worked for Donald Trump admitted Tuesday that the economic situation isn't strong in the president's second term. In the interview, Moore said he is "concerned" about the stock market's multi-day drop and fears that the economy will shrink during the first economic quarter of the Trump presidency. That's assuming that …

'Long-term pain': Experts rake Trump's new economic pitch over the coals
1 week, 3 days ago

'Long-term pain': Experts rake Trump's new economic pitch over the coals

Raw Story  

While President Donald Trump pledged to begin a "golden age" on "Day One" of his presidency, in recent weeks he and his administration have started to talk about the possibility of economic pain, while at the same time not ruling out the possibility of an outright recession. Many economists who spoke with the New York Times, however, suggested that deliberately …

Trump’s tariff problem: He might need a third or fourth term to reindustrialize America
1 week, 3 days ago

Trump’s tariff problem: He might need a third or fourth term to reindustrialize America

CNN  

New York CNN — President Donald Trump is on a mission to restore American manufacturing prowess by using his favorite tool: massive tariffs on foreign imports. “The higher it goes, the more likely it is they’re going to build,” Trump told leading CEOs last week at The Business Roundtable, referring to tariffs. “Since President Trump was elected, industry leaders have …

'Deeper fault lines to come' as Republicans revolt over Trump's faltering economy: report
1 month ago

'Deeper fault lines to come' as Republicans revolt over Trump's faltering economy: report

Raw Story  

Collapsing consumer sentiment, prices still increasing and the double-barrelled threat of tariffs and growing unemployment numbers have some Republicans on edge, reports Semafor. According to Semafor's Eleanor Mueller, Burgess Everett, and Shelby Talcott, Trump is "running into harsh economic reality" since being sworn in with no quick fixes on the horizon and that has Republicans already looking at the 2026 …

'It might!' Trump concedes tariffs might actually backfire
1 month, 2 weeks ago

'It might!' Trump concedes tariffs might actually backfire

Raw Story  

President Donald Trump acknowledged that consumers could soon feel the financial burn of his economic plan, which includes sweeping tariffs on Canada, Mexico and China. The revelation came Monday as Trump’s 40-minute-long Super Bowl night sit-down with Fox News host Brett Baier aired. He then launched into an example using what he referred to as the “so-called ‘fat drug' or …

Trump's grasping for 'quick and easy wins' will lead to 'long-term damage': NYT
1 month, 3 weeks ago

Trump's grasping for 'quick and easy wins' will lead to 'long-term damage': NYT

Raw Story  

An early win by Donald Trump in the first two weeks of his second term could lead him to misjudge how much he can use threats against allies which could be disastrous in the long run for the U.S. According to a report from the New York Times' Peter Baker, Trump's early decision to jump with both feet into using …

Donald Trump's Second Term: 5 economic forces shaping his presidency
2 months ago

Donald Trump's Second Term: 5 economic forces shaping his presidency

India Today  

WASHINGTON: Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. Here are five economic forces that could shape the first year of Trump's presidency: For voters, the price still isn't right Whipping inflation is easier said than done. His analysis suggests that if Trump can preserve 3% growth he could extend his expiring 2017 tax …

Trump will begin his presidency in delicate position, poll finds
2 months, 1 week ago

Trump will begin his presidency in delicate position, poll finds

NPR  

Trump will begin his presidency in delicate position, poll finds toggle caption Scott Olson/Getty Images As Donald Trump prepares to once again assume the office of the presidency, a new NPR/PBS News/Marist poll finds that, despite his claims of an "unprecedented and powerful mandate," Trump may have to be careful about how far he decides to go with what he …

'Pitfalls abound': Analyst says Trump's MAGA agenda may be set up for an early failure
2 months, 2 weeks ago

'Pitfalls abound': Analyst says Trump's MAGA agenda may be set up for an early failure

Raw Story  

Donald Trump could be setting up congressional Republicans for an early failure by going for a big legislative victory right out of the gate. The president-elect is pushing for one "powerful" reconciliation bill combining his biggest priorities to make sweeping changes to fiscal policy by using special rules regarding economic legislation that requires only half the Senate's approval and would …

Trump's economic plan will be disaster: Biden
3 months, 2 weeks ago

Trump's economic plan will be disaster: Biden

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy. Biden said Trump's threats to slap huge tariffs on imports were a "major mistake" and challenged Trump to build on what he said were the successes of his own administration. At a separate event Tuesday, Treasury …

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
3 months, 2 weeks ago

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump, who is already threatening tariffs that would likely weaken it and bring back inflation. “I’m not saying it was perfect, but …

Biden Says Trump Economic Plan will be Disaster
Trending News
3 months, 2 weeks ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

Biden: Trump’s tax and tariffs plans are a ‘major mistake’
3 months, 2 weeks ago

Biden: Trump’s tax and tariffs plans are a ‘major mistake’

Politico  

The remarks represented the president’s sharpest and most extensive criticism of Trump since the November election, with his attacks growing more direct as he got deeper into the nearly 40-minute speech. He mocked Trump for his failed first-term infrastructure push and for spurning pledges to “buy American.” And he cautioned that Trump’s plan to renew a set of expiring tax …

Trump has a problem: America's economy is growing but so is its inflation
4 months ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

Trump 2.0 | Portentions of a second innings
4 months, 1 week ago

Trump 2.0 | Portentions of a second innings

The Hindu  

U.S. President-elect Donald Trump is poised to kick off his second term at the White House, a four-year stint that will likely see major shifts in domestic and foreign policy and transform the functioning of a wide range of American public institutions. Mr. Trump has worn many hats over the long arc of his 78 years, and as he dons …

Markets hail Trump’s economics
4 months, 2 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

Through JD Vance, Donald Trump's economic policies could outlive his reign
5 months, 3 weeks ago

Through JD Vance, Donald Trump's economic policies could outlive his reign

ABC  

The real-time reviews from the man who picked him were effusive: "JD crushed it!" Vance struggled to explain the party's position on abortion rights, and his failure to acknowledge Trump's 2020 election loss suggests that he's still scared of earning the ire of the former president. Trump's tariffs and tax cuts For decades, America's political parties had gradually opened the …

With eye towards 2024, Biden touts ‘Bidenomics’ economic strategy
1 year, 9 months ago

With eye towards 2024, Biden touts ‘Bidenomics’ economic strategy

Al Jazeera  

The economic platform is set to be a centrepiece of Biden’s reelection bid, with its focus on middle-class gains. Some observers have noted the rollout of “Bidenomics” appears to be part of a wider attempt to unify Biden’s legislative victories into a more coherent ideology, emphasising middle-class gains. Some foreign policy analysts have also noted Biden’s policies have at times …

Will Donald Trump derail the economy by desperately clinging to power after being defeated by Joe Biden?
4 years, 4 months ago

Will Donald Trump derail the economy by desperately clinging to power after being defeated by Joe Biden?

ABC  

For a man who has just suffered a humiliating defeat, Donald Trump still seems to believe he is holding quite a few aces. Donald Trump voters are losing their man in the White House, but his 'super supporters' are here to stay Photo shows The back of a man's t-shirt reads Tyranny Response Team In the final throes of the …

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection
5 years, 1 month ago

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection

ABC  

In Donald Trump's America there are three realities. Unemployment in America now stands at 3.6 per cent, the lowest it's been since 1969 — a time that most people remember as truly "great" for the economy. Trump's trade showdown It's almost inconceivable that the immediate future of the global economy hangs on the erratic whims of Donald Trump, writes Ian …

Donald Trump's 2020 election chances could fall if the US economy slides into recession
5 years, 7 months ago

Donald Trump's 2020 election chances could fall if the US economy slides into recession

ABC  

"It's the economy, stupid." Democratic campaign strategist James Carville smiled and said, "It's the economy, stupid." The trade war with China could cloud consumer confidence But there's another popular US axiom that's worth noting: "Vote one's pocketbook." "We're doing this for the Christmas season, just in case some of the tariffs would have an impact on US customers," Mr Trump …

One Huge Problem With Trump's Promise To Grow The U.S. Economy
7 years, 10 months ago

One Huge Problem With Trump's Promise To Grow The U.S. Economy

NPR  

One Huge Problem With Trump's Promise To Grow The U.S. Economy Enlarge this image toggle caption Rob Smith/Getty Images Rob Smith/Getty Images On paper President Trump's newly unveiled budget proposal is balanced. But that's predicated on an extraordinarily rosy projection for U.S. economic growth: Trump says he expects to achieve annual increases of 3 percent — a substantial boost from …

Fear of a Trump-triggered recession gives way to hope for short-term economic boost
8 years, 4 months ago

Fear of a Trump-triggered recession gives way to hope for short-term economic boost

LA Times  

President-elect Donald Trump speaks to reporters after his meeting Thursday with President Obama in the Oval Office. Business leaders are betting that Congress and political realities will temper Trump’s more extreme ideas, and the policies that survive may actually give needed fuel to an economy that many forecasters predicted would face a slow-down over the next four years, regardless of …

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