If there was one thing President Donald Trump was supposed to represent to many voters, it was the prospect of an upward economic fate.
However, less than three months after his second administration, Americans are being asked to reset their expectations about the trajectory of the US economy.
Rather than rekindle the economy, Trump’s unusual and unprecedented economic policies have increased the recession as well as the male dog’s perspective, including tariffs, tax cuts and spending cuts.
That’s the worst of both worlds. Consumers will be hit with higher costs as employment and wages decline.
Investors remained injured by male dogs that took root over the decade, not to mention electoral pollers who were active in the 1970s. That set the stage for economic “mal lazy” period in the US, with both inflation and unemployment averaging around 6% over a decade, setting the stage for Democratic President Jimmy Carter sacrificing a second term in the White House.
The inactive economic situation continued into the first term of Carter’s opponent, Ronald Reagan. Certainly, at least one commentator has already assumed similarities between Reagan and Trump, as two presidents who inherited the flag-style economy.
Charles Gasparino, a business columnist for the New York Post and a contributor to Fox News, recently expressed a debate.
“Ignore Puke,” he wrote Monday, referring to the important market sale over the past week or so.
He said fiscal and monetary stimulus have become like “heroin” for the economy. He compared the US coordinated with the early period of Reagan’s presidency.
“The markets disliked uncertainty,” he said. “The economy experienced a lot of pain during the three-year transition, when Reganista cut taxes and cut unemphasized governments. As history shows, it all paid off for American workers and even fat cats in the stock market.”
It is an ideological argument, an emotional appeal that many mainstream economists are unable to confront logic and fundamentals.
In a note to clients on Sunday, an analyst at the Evercore Investment Company raised the prospect that the US could enter the male dog period as a result of Trump’s tariff policy and Elon Musk’s government efficiency actions. Analysts say the results are not yet a natural conclusion.
Others are more sure about negative outcomes. Neil Dutta, US Economics Director for Renaissance Macroeconomic Research Group and Consulting, said existing negative economic trends still exist, in addition to rewinding the “Trump Clash” after the economic factors.
In particular, he said that the job market continues to soften, with the share of people working part-time for economic reasons (who want more jobs but can’t find them) rising to post-pandemic highs, while the typical weekly hours measure has fallen to lowest levels since June 2010.
“In short, there’s more sagging in the job market, which weighs wages against wages,” writes Dutta.
On Wednesday, the Bureau of Labor Statistics reports inflation data for February. However, the Federal Reserve already predicts the pace of price growth will continue to rise.
“The path to bringing inflation back sustainable to targets is bumpy and we expect it to continue,” Chairman Jerome Powell said last week.