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President Donald Trump's survey is in the landfill and his economy is not much better. This does not mean one or the other struck rock bottom.
The acute titles are impossible to miss, even for those who have treated his second mandate as something to be eliminated, to avoid or to deny. Trump's unleashing through the professional and permanent class of government officials cost tens of thousands of jobs and reduced The federal wage bill at the levels of the 1960s. At least 120,000 federals were cut or targeted for discounts, according to CNN effective. Trump's war against the budget – even if net expenses are in fact up Since he took office, has considerably reduced contracts to external companies and suppliers, often without clear plan to compensate for the services they provided. Daily chaos is in your face with hourly outrage and a constant flow of radiance.
The only thing that falls faster than Washington's patience with the White House is the American economy, which was shaken by fears of a trade war fueled by climbing and irrational prices.
Wednesday, when the markets dropped once again and the trade department indicated that the American economy cool down In the first quarter, Trump tried to put everything on the feet of his predecessor. “This is the Biden stock market, no Trump,” he sent a message on his social media platform. (It doesn't matter that in January of last year – while being a candidate – Trump said that Biden did not deserve any credit for a booming market, arguing that investors were making money on the promise of Trump's return in power.) And during the meeting with his cabinet later in the day to mark his first 100 days in power, he doubled.
“It's Biden. It's not Trump. … We entered and I was very against everything Biden did,” Trump boasted at the start of a meeting. He then recognized that prices could soon increase on a multitude of goods. “Maybe children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a few more dollars,” he said.
All this indicates three dark realities: Trump understands that this economy is not buzzing The way he dreamed, we may have not yet seen the worst, and the voters are looking for some more and more to blame.
In recent polls, Trump approval plane around 44% Americans. It is down slightly from where he questioned For a large part of its first mandate, when a basic group of the pure hard of Maga never hesitated. But this time, the base of Trump can be made of less robust things, especially if the economy continues to contract and most of the fingers are pointed out on the occupant of the oval office.
Trump returned to Washington with cheaper grocery kitchen table promises, narrowing of inflation and the creation of massive jobs. Make these promises, however, turned out to be more difficult than guaranteeing more electoral votes than Kamala Harris. His unstable performance has left the markets that move away from one crisis to another, and his contempt for tradition continues to shake up Washington institutionalists and Wall Street investors. THE cost So far, there are about 16 inIThe NT in the Trump survey to put it under two figures underwater, but the total bill is still being received.
Warning panels are clear for those who are ready to see them. Economists raise the alarm About an imminent recession if Trump's prices remain. Cheap products from China should dry up next month, preparing the way for shelves currently filled with imports look More as they did during these first apocalyptic days of the pandemic. Companies pump breaks on extensions and investments in the same way as families hold large ticket purchases.
Trump does not do much to calm these concerns. After having cooled him for a minute, the president is back in his quarrel With the federal reserve on interest rates, scary a market that values stability above all. The house and the Senate led by the GOP have I was left in the process of making a way through a legislative program while the White House seems to be firing irregularly on priorities and red lines. And perplexed business leaders find it difficult to read DC tea leaves; General Motors financial director said Journalists this week that all forecasts were hardly more than “a supposition in the midst of what the administration could do”.
Stacked, Trump's breadth of the bustle is only competed by his potential problems. Americans are unified in a sour vision of this economy; According to CNN, 59% of Americans say that Trump policies have aggravated economic conditions vote. The same survey reveals that 69% of the public provides a recession over the next two years, and 72% say that the prices will worsen the US economy. In simple terms: Americans do not buy Trump's prospects on the economy, and they are quite transparent to put the pieces.
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