We’re back to this game again: the
liberal media trying to claim “dark economic clouds” are hovering over
the country because Trump is president. It’s laughable.
There are some criticisms to be made about how Trump has gone about his domestic agenda, but they don’t come close to what NBC News tried to sell:
President
Donald Trump's full-speed-ahead approach to making radical change has
forced his allies to fight from a defensive posture — explaining his
plans after they have been executed — and raised alarms in his
Republican Party that it could all end in a wreck.
The concerns
are particularly acute when it comes to the economy, with the Dow Jones
Industrial Average having lost about 7% of its value this month and many
economists projecting either slower growth or a coming recession. Those
fears haven't deterred Trump from continuing to impose tariffs on foes
and friends — which figure to raise prices on U.S. consumers — and slash
federal government jobs, grants and contracts.
"There are
worries," said a person who has been involved in discussions about the
economy with White House officials. Those effects on the markets and the
economy are felt immediately, while policies aimed at spurring growth —
including cutting taxes and regulations — will take much longer to
implement, this person said.
Privately, officials at the White
House's National Economic Council have indicated fears that it could be
difficult to rebound quickly from a downturn, two people familiar with
internal White House discussions said.
[…]
The dark
economic clouds are forcing Trump administration officials into the
awkward position of explaining why a president who promised to boost the
economy simply by winning election now faces falling stock prices, job
losses that he incurred with unilateral cuts to government agencies and
mounting predictions of a sluggish economy.
"During
the bull market from 2019-2020, we had 5 corrections during that
period. It's not unusual. They tend to be cyclical. There are other
signs in the economy that are helping real people. Wholesale inflation
is down. Consumer inflation is down. Gas prices are decreasing.… pic.twitter.com/r7CwprvIPG
— Brigitte Gabriel (@ACTBrigitte) March 14, 2025
First,
the market was due for a reset. Second, suppose there is a criticism to
be made. In that case, perhaps Trump should have waited to get his
budget reconciliation package through Congress before doing the
rope-a-dope dance with Mexico and Canada on tariffs.
— Eric Daugherty (@EricLDaugh) March 13, 2025
Last week, 22 Senate Dems read the same script blaming Trump for egg prices…
Egg prices:
January 21: $6.55
Today: $4.89 (Down 25%) pic.twitter.com/QdVUPBDVOf
— End Wokeness (@EndWokeness) March 13, 2025
Egg prices are down 25 percent, gas prices are down, inflation is
down, and mortgage rates are down. How is that terrible economic news?
And,
as we’ve known for years, you can’t trust the unnamed people anymore.
Trump deranged lunatics ruined that for the media; everything they say
is a lie or untrue. The snack cart kid or the janitor isn’t a source,
folks.
— Geiger Capital (@Geiger_Capital) March 13, 2025
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