How U.S. Economic Policies Affect Global Markets
📰 Original title: Los problemas de Estados Unidos siempre se resuelven a costa de los demás países del mundo
🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️
View full AI summary: https://killbait.com/en/how-u-s-economic-policies-affect-global-markets/?redirpost=2ed631a6-c4b7-449c-9c1b-0c1876b406ce
@KanaMauna @SmudgeTheInsultCat
RE
Presidents who crashed the #useconomy
RE
And each had to be bailed out by #democraticpresidents
The old #twosantas
When #Republicans control...spend money like a drunken Santa and massively cut taxes on the rich
The #Reagan presidency dropped top income tax rate on the morbidly rich from 74% down to 28%... with four subsequent massive #taxcuts for the rich during the presidencies of #GWBush, #Trump I, and Trump II.
https://hartmannreport.com/p/santa-claus-for-billionaires-debt-b1a
#Trump's bad decisions are dragging the #USeconomy down. #American friends: how are your #finances right now? Will you punish Trump for basically robbing you?
"The #economy barely grew in the final three months of last year, the Commerce Department said, as it cut its estimate of fourth-quarter growth in half. #Consumer spending, after adjusting for #inflation, was anemic in January, as inflation remained sticky-high. #Hiring has also ground largely to a standstill. And #Americans’ outlook for the economy tumbled after the U.S. and #Israel attacked #Iran, according to a survey of consumer sentiment also released Friday."
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Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - https://apnews.com/article/economy-gdp-consumer-spending-trump-government-shutdown-3172b6d0023717644c173cee94d44a79
Newly released data shows the U.S. economy was already showing signs of strain even before the launch of the Iran war, underscoring the risks that rising energy prices could pose. The economy barely grew in the final three months of last year, the Commerce Department said Friday, as it cut its estimate of fourth-quarter growth in half. Consumer spending, after adjusting for inflation, was anemic in January. Hiring has also ground largely to a standstill. Gasoline prices have raced closer to $4 per gallon, potentially squeezing household budgets already under pressure. Many Americans will receive larger-than-usual tax refunds because of President Donald Trump’s tax cut law last year, but higher gas costs, if they persist, could soak up much or even all of those gains.
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