No president has ever got the economy straight period
Proof is the minimum wage stuck at $7.25
No modern country anywhere in the fucking world could have a good economy at such a low minimum wage
Congress is the one who can change the minimum wage.
The fact of the matter is there is little a president can do to impact the economy, besides starting a war or trying to destroy it with tariffs which shouldn’t be allowed, but Congress has abdicated their duty. Everything else comes from Congress and a little bit of the supposedly independent and benevolent guiding hand of the Fed.
I like how they start off with inflation, and show it’s not so bad.
Then second they show the interest rate is declining, something the steadying inflation makes room for.Then third they show the jobs numbers are awful. The thing that might explain 1 and 2.
Because if the economy is in recession, it is normal for inflation to drop, the economy is cooling so no overheating causing inflation.
Finally GDP seems fine too, but we know this number is heavily influenced by AI growth that has absolutely nothing to do with Trumps policies, and that most think is a bubble.
Looking closer on the inflation curve, it shows a significant uptick from April and forward. Something that shouldn’t happen when the economy apart from AI seems to be slowing down. This increase in inflation seems to me 100% created by Trump making difficulties with for instance tariffs for the general American market.So all in all IMO from an economic perspective this looks mostly like a C minus when considering the context of the numbers.
But that’s actually way better than expected, because I expected an F. I think without the AI bubble it most definitely would have been an F, as the declining interest rates have NOT kept the wheels turning, showing something with the economy is off.
