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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous]I'm trying to remember, how long did posters here say the "Obama economy" extended into the Trump administration? Maybe someone can refresh my memory. Was it 6, 9 or 12 months.[/quote] Trump immediately pulled us out of trade agreements and the Western alliance. That impacts the economy. When trump was president the first time, he rode the Obama economy until the GOP tax bill took root. at that point, the debt started to climb, as did inflation. Then, COVID happened and everything fell off a cliff, Trump left office and Biden came in to fix it. Fix it he did, but with restarting a global economy came inflation. So Biden gets blamed for inflation which happened globally and was worse everywhere else. Hence an economy that was the "envy of the world" When Trump started with the tariffs and trade wars, in January and February, the markets began its period of instability and we are beginning to see now the material impacts on unemployment/jobless claims, inflation and supply chain issues.[/quote]
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