What history has to say about the economy Trump will inherit
8 years, 2 months ago

What history has to say about the economy Trump will inherit

Live Mint  

New York: Bloomberg Research suggests factors beyond the control of any US president, not their actual policies, set the course of the economy. Trump has said he’s aiming to achieve 3.5 to 4% average annual growth, even as real GDP expansion is projected to average just 2.2% next year and 2.3% in 2018, according to economists. Non-farm payrolls in November came in at 178,000, the fourth-worst situation among the 10 incoming presidents included in this analysis, though still a massive improvement from the nearly 770,000 jobs lost around Election Day 2008. The core inflation situation is getting close to the Federal Reserve’s medium-term 2% goal, largely unchanged from the situation inherited by presidents Obama, George W. Bush, and even Bill Clinton. Trump is also in a better position when it comes to the housing market, with roughly 1.1 million homes beginning construction this November versus 652,000 when Obama became president-elect in late 2008.

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History of this topic

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?
1 day, 10 hours ago

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?

Firstpost  

Instead of making America great again, President Donald Trump’s economic and trade policies, ranging from tariffs to unfunded tax cuts and borrowings, appear to be driving the nation towards stagflation US President Donald Trump has promised to make America great again, but he appears to be unleashing a ticking time bomb on the US economy. Trump economic and trade policies, …

Why Trump’s greatest first-term strength may be his biggest second-term weakness
1 week, 6 days ago

Why Trump’s greatest first-term strength may be his biggest second-term weakness

CNN  

CNN — In President Donald Trump’s first White House term, public confidence in his handling of the economy was always among his greatest strengths. Likewise, the CNN/SRSS poll released Wednesday found Trump’s approval rating on the economy fell slightly below his overall approval rating for the first time in either of his presidential terms — and matched the lowest economic …

'Self-inflicted wounds': New data shows even MAGA's hardcore is souring on Trump's antics
2 weeks ago

'Self-inflicted wounds': New data shows even MAGA's hardcore is souring on Trump's antics

Raw Story  

New polling reveals flashing red lights and "self-inflicted wounds" for President Donald Trump, with independents and even some of Trump's own supporters losing patience with the tariff chaos and tech billionaire Elon Musk's dismantling of the federal government, Aaron Blake wrote for The Washington Post. And it’s not just Democrats refusing to recognize Trump’s alternate reality; it’s also the political …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 1 day ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 1 day ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

Recession ahead? Why the US economy is on shaky ground under Trump
2 weeks, 3 days ago

Recession ahead? Why the US economy is on shaky ground under Trump

Firstpost  

The US economy is facing growing recession fears as key indicators signal trouble ahead. There’s going to be no recession in America.” Lutnick also defended Trump’s aggressive trade policies, arguing that they would ultimately benefit the US economy by “unleashing American wealth across the world.” What role do tariffs and spending cuts play? Goldman Sachs recently raised its recession probability …

The state of the economy, in 9 charts
3 weeks, 2 days ago

The state of the economy, in 9 charts

CNN  

CNN — President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do so with an economy that is mostly chugging along. Concern also have heightened in recent weeks about how Trump administration policies, specifically the implementation of steep import tariffs, could raise prices for consumers and businesses as well as reaccelerate …

America faces a Trumpian economic slowdown
3 weeks, 3 days ago

America faces a Trumpian economic slowdown

Live Mint  

“The golden age of America begins right now." In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy. Even if Mr Trump again delays imposing levies on Canada and Mexico, …

Trump popularity sinks as Americans quickly sour on economy: poll
1 month, 1 week ago

Trump popularity sinks as Americans quickly sour on economy: poll

Raw Story  

A new poll from Reuters shows that the early optimism that greeted President Donald Trump's second term is quickly fading as consumers sour on the American economy. According to Reuters, Trump's job approval fell by three points since the start of his second term a month ago, and he's being dragged down by perceptions of the economy, which was the …

Planes crash, markets plunge: Look who is blaming Trump’s second presidency for it
1 month, 1 week ago

Planes crash, markets plunge: Look who is blaming Trump’s second presidency for it

Firstpost  

Since President Trump returned to office, both aviation accidents and market declines have been on the rise. Since President Trump assumed office for his second term on January 20, 2025, global markets have been in a steep decline. According to Newsweek, on February 11, 2025, US stock indices experienced declines following President Trump’s announcement of new tariffs on steel and …

The US economy just had another robust year
1 month, 3 weeks ago

The US economy just had another robust year

CNN  

Washington CNN — Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy. “The US consumer has been unstoppable, supported by wealth creation, a strong labor market, and lending.” The latest GDP report comes on the heels of the Federal Reserve’s latest policy decision announced …

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 …

5 economic forces that could shape the first year of Trump’s presidency
2 months ago

5 economic forces that could shape the first year of Trump’s presidency

Associated Press  

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. “But in broad terms, look at what he does and not what he says.” What happens …

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 …

Data proves Trump 'inheriting an economy that is about as good as it ever gets': report
2 months, 3 weeks ago

Data proves Trump 'inheriting an economy that is about as good as it ever gets': report

Raw Story  

Two weeks ahead of the official start of his second presidency, Donald Trump is slamming the United States as a "disaster" on social media. "New data reported in the past few days indicate that murders are way down, illegal immigration at the southern border has fallen even below where it was when Mr. Trump left office and roaring stock markets …

The good, the bad and the uncertainty of the US economy under a Trump presidency
2 months, 3 weeks ago

The good, the bad and the uncertainty of the US economy under a Trump presidency

Live Mint  

What impact will the next US administration have on economic growth and inflation? The answer isn’t clear, because while some of President-elect Donald Trump’s proposed policies would boost growth and reduce inflation over time, while others will have the opposite effect. On the positive side of the ledger, Trump will be pro-business overall, and this fact alone could stimulate economic …

An analyst looks ahead to how the US economy might fare under Trump
3 months ago

An analyst looks ahead to how the US economy might fare under Trump

Associated Press  

WASHINGTON — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. A: There’s …

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty
3 months, 1 week ago

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty

Huff Post  

LOADING ERROR LOADING WEST PALM BEACH, Fla. — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
3 months, 1 week ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Trump isn’t president yet. He’s already spooking the Fed.
3 months, 1 week ago

Trump isn’t president yet. He’s already spooking the Fed.

Live Mint  

The Federal Reserve can no longer deny that it is beginning to think about what Donald Trump will do as president. These showed that Fed policymakers’ median expectation is now for inflation, as measured by the core personal-consumption expenditures index, to come in at 2.5% next year, up from September’s projection of 2.2%. “It’s hard to justify trimming the number …

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump
3 months, 1 week ago

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump

LA Times  

One of Donald Trump’s closing campaign arguments was that he would deliver a new “golden age” for America. That’s fitting insofar as Trump has rapidly eclipsed the current president, Joe Biden, in setting expectations and even an agenda for America at home and abroad. Don’t take my word for it: The cover of a special issue of the Economist in …

US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 2 weeks ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

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 …

Trump has a problem: America's economy is growing but so is its inflation
3 months, 3 weeks 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 …

"All bets are off": How Trump's economy could affect your money
4 months, 1 week ago

"All bets are off": How Trump's economy could affect your money

Salon  

Presidents don't have the ultimate say in how the economy performs. It is rarely the case that political rhetoric lines up with economic realities.” Most experts agree that if enacted, Trump’s changes could have a chaotic impact on the global economy and spark a rise in inflation and consumer prices, particularly if tariffs rise to the higher range he has …

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 …

The new Trump Trade looks scarier than the old one
4 months, 2 weeks ago

The new Trump Trade looks scarier than the old one

Live Mint  

Stocks notched their biggest week of the year after Donald Trump’s victory. Treasury yields, which rise when bond prices fall, climbed after Tuesday’s election, lifted by bets that a second round of Trump tax cuts will boost growth, inflation and budget deficits. Stocks and Treasury yields similarly surged eight years ago when Trump claimed his first electoral win—a major part …

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket
4 months, 2 weeks ago

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket

Raw Story  

President-elect Donald Trump's imminent ascent to the White House is already making it more difficult for Americans to buy homes, an economic analyst says. Home loan interest rates have seen an steep uptick to a 6.8 percent average for 30-year fixed mortgages as the bonds market prepares for Trump's economic policies, CNN business reporter Matt Egan said Thursday. Those plans …

How are world economies reacting to Trump's imminent return as U.S. president?
4 months, 2 weeks ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

The Only Real Trump Trades Ride on Rising Interest Rates
4 months, 3 weeks ago

The Only Real Trump Trades Ride on Rising Interest Rates

Bloomberg  

Remember when Donald Trump won the White House in 2016 in part on the promise of “Drill, baby, drill?” Well, it turns out that wasn’t a boon for oil companies. That’s not stopping traders from bidding up would-be winners, like immigrant-detention-center operator Geo Group Inc., or banks that could benefit from laxer regulations. The only ‘real’ Trump trades are those …

A 'Trump economy' robs from the American people to enrich the elite
5 months ago

A 'Trump economy' robs from the American people to enrich the elite

LA Times  

If Donald Trump retakes the White House, he would resume serving billionaires such as Vladimir Putin. Believing Donald Trump will be better for the economy than Vice President Kamala Harris is like thinking you’re a dinner guest when you’re actually the main course. When Trump slashed the corporate tax rate, his Council of Economic Advisers promised American workers would see …

The US Economy: A Historical Perspective on Presidential Impact
5 months ago

The US Economy: A Historical Perspective on Presidential Impact

The Hindu  

The article examines the impact of different presidents on the US economy over the past 15 years. It finds that the economy was largely driven by global events, demographic changes, and decisions made in the White House, with the impact of each president being felt gradually over time. The article highlights the challenges of assessing the impact of presidents separately …

Trump’s promises would spike inflation and wipe out jobs, study finds
6 months ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

Growth, inflation, jobs: Biden and Trump’s economic records compared
8 months, 3 weeks ago

Growth, inflation, jobs: Biden and Trump’s economic records compared

Al Jazeera  

US voters view the economy as their number one priority ahead of November’s presidential election. United States President Joe Biden and former US President Donald Trump’s first debate of the 2024 campaign has refocused attention on their respective economic records in office. Inflation Biden’s tenure has been marked by far higher inflation compared with Trump’s – although many of the …

Opinion: Trump's claims about the economy in the debate will be lies
9 months ago

Opinion: Trump's claims about the economy in the debate will be lies

LA Times  

Expect the economy to be debated by President Biden and former President Trump on Thursday. Spoiler alert: “Bottom line, in their totality, Biden’s policies are better for the economy than Trump’s,” Moody’s chief economist Mark M. Zandi told me. Moody’s projects that after Trump’s recession, the economy would return to growth late in his second term, for average annual growth …

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists
9 months ago

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists

Raw Story  

16 Nobel Prize-winning economists have warned that former President Donald Trump's second-term agenda could create what Axios is describing as an "inflation bomb" that would rock the global economy. In a letter, the economists argue that a combination of more tax cuts for corporations, a labor shortage caused by the mass deportation of undocumented immigrants, and looser monetary policy in …

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
10 months, 1 week ago

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease

Associated Press  

WASHINGTON — It was a time of fear and chaos four years ago. DECENT GROWTH Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.” If the 2020 pandemic is excluded, growth after inflation averaged 2.67% …

Don't like this economy? OK, just wait for Trump and the GOP to ruin it
10 months, 3 weeks ago

Don't like this economy? OK, just wait for Trump and the GOP to ruin it

Salon  

You’re unhappy with this economy? I got considerable grief from readers for that one, but I stand by what I wrote about the Biden administration’s active economic moves and a renewed focus on industrial policy to accomplish goals that simply cannot be left to “the marketplace.” Leaving infrastructure work to the marketplace is how America wound up with so many …

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 …

Here’s why Trump is right -- a recession would likely doom his re-election
5 years, 7 months ago

Here’s why Trump is right -- a recession would likely doom his re-election

Raw Story  

President Donald Trump is worried that there will be a recession before the 2020 election. Thanks to Trump's trade war and tax policies, America is almost certainly headed toward an economic recession. By contrast, when the economy crashed in September 2008, it happened with just enough time to ensure that Democratic nominee Barack Obama would defeat Republican candidate John McCain. …

History suggests a recession may doom Trump's re-election chances
5 years, 7 months ago

History suggests a recession may doom Trump's re-election chances

Salon  

President Donald Trump is worried that there will be a recession before the 2020 election. Thanks to Trump's trade war and tax policies, America is almost certainly headed toward an economic recession. If his disastrous economic policies lead to a recession before Election Day 2020, the chances are that America's next president will be Joe Biden, Elizabeth Warren or Bernie …

2020 election: Donald Trump can’t afford a recession
5 years, 7 months ago

2020 election: Donald Trump can’t afford a recession

CNN  

CNN — President Donald Trump’s main hope for reelection has been the economy. Right now, the main reason voters approve of Trump’s job performance is the economy. A CNN poll from late May found that 26% of those who approve of Trump’s job performance said it was mainly because of the economy. Applying this to Trump, we find that the …

Trump’s economy: A report card
6 years ago

Trump’s economy: A report card

CNN  

CNN — President Donald Trump claims full credit for the strong economy and stock market. The cuts eventually slowed and the US has added jobs every month since October of 2010, the second year of Obama’s first term. It’s hard to compare Trump’s and Obama’s job creation, since Obama took office when the economy was in dire straits and Trump …

Even Fox News Shoots Down Donald Trump's Economy Boast
6 years, 6 months ago

Even Fox News Shoots Down Donald Trump's Economy Boast

Huff Post  

Kevin Hassett, chairman of the White House Council of Economic Advisers, isn't vouching for the president's tweets. Kevin Lamarque/Reuters President Donald Trump boasted Monday in a tweet that it’s the first time in more than a century that America’s gross domestic product growth is higher than the unemployment rate. — Donald J. Trump September 10, 2018 Fox News research contradicted …

AP FACT CHECK: Trump’s economic mirage; Sanders on Medicare
6 years, 7 months ago

AP FACT CHECK: Trump’s economic mirage; Sanders on Medicare

Associated Press  

WASHINGTON — President Donald Trump is pulling numbers out of thin air when it comes to the economy, jobs and the deficit. ___ TRUMP: “We’ve created 3.9 million more jobs since Election Day — so almost 4 million jobs — which is unthinkable.” — remarks Thursday at prison reform event in Bedminster, N.J. ___ FOOD STAMPS TRUMP: “Almost 3.9 million …

AP FACT CHECK: Trump skews claims on economy, GDP growth
6 years, 8 months ago

AP FACT CHECK: Trump skews claims on economy, GDP growth

Associated Press  

WASHINGTON — President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth. Speaking at events Thursday in Iowa and Illinois, Trump claimed victory in advance of Friday’s government release of quarterly gross domestic product data, saying “nobody thought we were going to be this great” and that when he became president, “those numbers were bad.” …

Opinion: President Trump is lucky to be riding a better economic wave than his predecessors caught
8 years ago

Opinion: President Trump is lucky to be riding a better economic wave than his predecessors caught

LA Times  

How are President Trump’s first 100 days different from those of his last three predecessors? The economy wasn’t technically in a recession when Clinton took office — that downturn officially lasted from July 1990 through March 1991 — but unemployment remained high and growth sluggish through his first year. Friday’s jobs report for February, Trump’s first full month in office, …

New study: Trump to inherit $559B deficit, stable economy
8 years, 2 months ago

New study: Trump to inherit $559B deficit, stable economy

Associated Press  

WASHINGTON — President Donald Trump has inherited a stable economy but a government that faces a worsening debt and deficit picture, congressional analysts said Tuesday. The estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration …

Donald Trump’s protectionist policies top risk to US economy in 2017: poll
8 years, 2 months ago

Donald Trump’s protectionist policies top risk to US economy in 2017: poll

Live Mint  

The top risk to US growth would come if US president-elect Donald Trump keeps his protectionist promises, according to a Reuters poll that shows economists have not joined in the market exuberance since the shock November vote. Still, more than two-thirds of the 70 respondents to the question in the Reuters survey taken over the past week said Trump’s protectionist …

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