Annual inflation among European Union members remains steady at 2%. The U.S. under Trump has rising inflation (2.9%). A hiring slowdown, weekly jobless claims reached their highest level in four years.
#trumpfail #risinginflation #risingprices #risingjobless #magafail
Trump’s economic “policy” rests on tariffs (a tax on consumers and businesses), big tax cuts for the super-rich, huge deficits, taking away healthcare from millions, deporting workers essential to the economy, and crushing the Fed’s independence. It’s misguided in the extreme, but his chaotic, ever-shifting tariff rates make the situation worse—freezing decisions by investors, employers, and consumers. Bad economic policy made worse by an unstable president even has a name: TACO.