2024-5 Economy
Under
Trump Trump Inherits Good and Bad from Biden 2017 Tax Cut Extension Affects Many US 2023-5 Political Economy in Action
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Many Executive
Orders on Hold EO to ignore 14th amendment birthright citizenship Permanently blocked by court order. EO ordered spending freeze was court blocked within hours.
EO to
pause
on a law
banning
TikTok and to provide a liability
shield. New
EO rescind all funds
from schools
that allow transgender athletes
to compete Successful Executive Orders
Fired inspectors
general could sue for lack of
notice, USAID shut down proceeding. Successful Day One Executive Orders 1. Ended
Diverse, Equity and Inclusion programs,
2. Rescinded 78
Biden-era executive actions,
3.
US Gender Identity Defined |
Example of Trumponomics
Very Low Income Families Lose
Under SNAP Proposal
More Proposed Cuts, Maybe Even Defense$ |
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Trump Inherits a Strong Economy
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and a Weak Fiscal Position |
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Inflation Returns to Almost Normal
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Many Unhappy if 2017 tax cut not extended
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Unemployment Returns to Normal
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Consumer Debt is Down 2 Points After COVID
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Credit card rate up 7+ % pts as FED increased interest rates to slow inflation
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To be continued into 2025
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Did Interest Payments Crash Harris
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US Economy Getting More Consistent
Leading the Way for the Last Decade
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Pre Election 2024 Economy Analysis Pre-election analysis updates ended 10/5/24 Covid Lockdown Handled Well by Washington
Trump-Biden Risked Inflation
to Lower Unemployment Inflation Getting Back To Normal Presidents and Federal Reserve Responded Well US Growth Led the Industrialized World
See
2024 Election
please share
Walter |
A Two-Quarter Recession
San Francisco Fed
estimated
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Unemployment | Inflation Effect | |
Trump failed to stop Democrats and Media from forcing economic shutdown. | ||
CARES Act (Coronavirus Aid, Relief, and Economic Security Act) 3/27/20, $2.2 trillion spent | 14.8% | Very Little |
COVID-19 Relief Package (Consolidated Appropriations 12/27,20, $900 billion spent | 6.7 | Some |
2021
Biden adds to the spending American Rescue Plan Act (ARPA) - Enact 3/11, 2021, $1.9 spent |
6.1 | Moderate + |
Fed predicts inflation transitional, but it stayed high longer because | ||
Supply Chain bottlenecks as Covid slows globalization | Moderate | |
Feb4-20 22 Russia invades Ukraine | Moderate |
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US Growth Leads the Industrialized World
1950-1980 Liberals Dominate with Roe Wade, Race Integration, Social Programs 1981-2016 Conservatives Dominate with Globalization, Tax Cuts-especially for business and rich 1988-2020 FED Easy money lead to High Business Income lead to massive Stock Market Gains. 1950 to 2020
Globalization leads to income inequality as the top 10 % do very well
and 2020-2030 will be a time of insecurity leading to anxiety.
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18-charts Explain US Economy/ Myths About Inflation video Higher education bubble in the United States Bloomberg.world economic indicators
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Myths About the Great Depression Special Topics in Microeconomics
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