🌎 Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[blueharvest]

Trump tariffs rattle small business owners already dealing with tight margins

President Donald Trump’s continued roll out of a wide array of tariffs is rattling small business owners already dealing with tight profit margins

abcnews.go.com

 

[blueharvest]

Inflation increased in January, posing obstacle for tariff plans

Consumer prices rose 3% in January compared to a year ago, data showed.

abcnews.go.com

 

[squeekness]

 

[MagnarTheGreat]

Inflation rises and tariffs will make it worse, but Trump blames Biden

In January, inflation rose 3% from a year earlier, the Bureau of Labor Statistics announced on Wednesday, making for the biggest one-month increase since August 2023 and a warning sign for President ...

www.dailykos.com

high tariffs == inflationary
corporate greed == inflationary
more demand than supply == inflationary

Companies warn of more pain as Trump tariff threats escalate​

https://www.reuters.com/business/energy/siemens-energy-reports-record-135-billion-order-book-2025-02-12/

Trump says Americans could feel 'pain' in trade war with Mexico, Canada, China​

https://www.reuters.com/world/trump-says-americans-could-feel-pain-trade-war-with-mexico-canada-china-2025-02-02/

 

[squeekness]

 

[blueharvest]

 

[blueharvest]

 

[squeekness]

 

[blueharvest]

 

[blueharvest]

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending.

www.nbcnews.com

 

[squeekness]

 

[blueharvest]

‘No one wants to pay $25 for breakfast’: US restaurants are cracking under inflation

It’s not just eggs, but coffee, orange juice and bacon, making life especially hard for diners, bakeries and brunch spots

www.theguardian.com

 

[blueharvest]

'Are Your Grocery Bills Lower?' Ad Targets Soaring Price of Eggs Under Trump | Common Dreams

Critics call out Trump for broken promises to working people about cutting costs as Republicans push tax giveaways for the wealthy.

www.commondreams.org

 

[blueharvest]

Economists say the GOP budget would destroy Medicaid and "disproportionately benefit the 1%"

House Republicans want to pay for their tax cuts by cutting social services used by the working class

www.salon.com

 

[squeekness]

Economists say the GOP budget would destroy Medicaid and "disproportionately benefit the 1%"

House Republicans want to pay for their tax cuts by cutting social services used by the working class

www.salon.com

That's the point. They don't want the "feeble and old" sponging off the government even though most of them paid into it while they were working. They want to steal from us again.

 

[blueharvest]

5 economic forces that could shape the first year of Trump's presidency

Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields.

apnews.com

 

[blueharvest]

Despite DOGE, Trump's agenda calls for adding trillions of dollars to U.S debt

Budget experts say Trump’s tax and spending priorities would increase red ink, even as he boasts of balancing the budget. “I don’t think their rhetoric matches reality,” says one.

www.nbcnews.com

 

[squeekness]

 

[squeekness]

 

[squeekness]

So it begins....

 

[blueharvest]

Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead

Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for inflation-weary shoppers, but this year appears to come with new challenges in an uncertain economic landscape.

apnews.com

 

[squeekness]

Hopefully Trump is watching.

 

[blueharvest]

Hopefully Trump is watching.

He probably is, but he doesn't care.

 

[squeekness]

A falling market made him back off on tariffs before. Would be nice if he rethought some of the stuff he's doing now.

 

[squeekness]

Guess the day didn't improve any better by the end of trading.