Ok, I was in pain about President Trump. On the eve of its inauguration, I wrote A column establishing, with data, how an economy inherited from the economy; A large financial company declared it the “roars” of the 1920s. My point was less to counter Trump's claims that President Biden had destroyed the economy, and more to offer a pre-piece to what I expected was Trump's efforts to steal the credit for having repaired what was not broken.
I don't have (or almost anyone else anticipated) how fast Trump would break this heritage rather than letting the right times roll. Certainly its billionaire donors has put in bank that it would not light a world trade war – They simply count on him to reduce their taxes and their regulations. However, even those of us who took the candidate Trump on “beautiful“The prices have been amazed when he imposed self-power deductions on almost all nations in the world And an Antarctica Penguins Island.
So now, instead of taking credit for a good economy that Biden has given, Trump blame for damage to Trump's own actions. Slides of the stock market, decrease of 401 (K), higher prices, negative growth of the first quarter, recession warnings – all of Biden's fault, explains Trump. “I think the good parts are the Trump economy and the bad parts are the economy of Biden”, said On NBC's “Meet The Press” on Sunday.
As for the so -called “good pieces”, a new page on the White House website entitled “The Trump effect“A boils that its policies” have launched billions of dollars in investment in new investments in American manufacturing, technology and infrastructure. “The Washington Post examined the promised investments listed on the page and find that they mainly reflected the regular costs of companies or dated these bad days of Biden.
In any case, it is quite rich that the president boasts of ensuring that companies invest more in the United States when companies on his own family are in tears investment in the Middle East and Asia. (Except for the interest of Donald Trump Jr. for a new invitation only Washington Club; Nothing says “populist” as half a million dollars of private clubs.)
April 30, just after the government report On the slowdown in the economy, Trump poster“Our country will explode, but we have to get rid of Biden's” overhang “. … Be patient !!! “He will not say how long the Americans must wait, but at least after Christmas, apparently. The president who never wanted one thing is developer The girls of America are satisfied with two dolls instead of 30. (Its members of the cabinet without any idea groaned in their recent meeting.)
Thus, Barbie will be a victim of the Trump trade war. Toy Assn. CEO Greg Ahearn said The New York Times that virtual trade stop with China, which makes most toys (including Barbies), “Endanger Christmas”. (NOW It is A war at Christmas.) Trump's disdainful joke that the available dolls could cost “a few more dollars” is the proof that he knows that he is lying when he says that the Americans do not pay for the prices.
His politically deaf political vision on dolls should be held, up to mid-term elections in 2026 in the campaign announcements of the Democrats. He emphasizes why he will not get away with Biden's blame: economic chaos and uncertainty that businesses and hardening consumers are too well identified with Trump and Price. His employment approval collapses Sutilles on the Rémordes evidenced by this.
Even if Trump is withdrawing on prices, as he did in a selective and above all temporary way, or comes from trade agreements with various countries, it is unlikely that he completely abandons the samples. This week's bomb is out of blue to New fees on films Made outside the United States-“a national security threat,” he insisted-is proof of this. In addition, if Trump would abandon the prices, with them would go all its economic justification – contradictory and incredible as it is – for “the golden age”, they are supposed to inaugurate: with new investments, trade surpluses and income so large that income tax could be reduced.
Regardless of the frequency to which he strikes Biden, Trump will have the economic work which is probably to come. In addition to pricing follies, he and the republican majority in the congress (do you remember the congress?) Are now launched in tax folies, transforming the annual process of federal fiscal writing in the exercise of overtaking and pride. They are trying to write a budget that is piled up with the entire Trump legislative program for reduced tax and reduced expenditure,, even call He by Trump's own term: The One Big Beautiful Bill Act.
As with prices, the beauty is in the eye of the spectator – and the intestine struggles of the Republicans so far is not a nice view.
Republicans divided into the house delayed Action of the committees this week and the Republicans of the Senate held A retirement Wednesday for air differences far from the Capitol. They aim to extend Trump 2017 Trump tax reductions And To carry out his campaign in 2024 promises to end taxes on advice, overtime and social security services – at a cost of 9.1 dollars more than 10 years, according to the non -partisan Foundation Peter G. Peterson. It is more than Trump added to the federal debt during his first mandate, a record.
The objective of the Republicans is to compensate only $ 1.5 billion of lost tax revenues by reducing spending – more than half of Medicaid – even if they swell expenses for the application of military and borders. Easy prediction: they will fail and that the debt will explode, once again. Markets and voters will not react well. The president and his party have everything in Washington. Which means that, try like Trump, there is no one else to blame when things go wrong.
