AGAIN?
The Economy IS the #1 Worry for American’s….
Messing with it punishes President’s and Lawmakers….
Musk and Trump are looking to hack saw BILLIONS OUT of the American economy and put thousands of Americans OUT OF work while RAISING Consumer Prices….
(Musk and Trump WILL BE MAKING Money all they while with NOBODY to stop them from getting Richer….)
The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities.
Funding freezes and firings of federal workers combined with the prospect of costly trade wars are souring consumer sentiment, raising inflation expectations and stalling business investment plans, according to recent economic surveys.
Local economies are also bracing for a sudden withdrawal of fiscal support, forcing officials to contemplate tax increases or municipal bond offerings to stabilize their budgets. While Mr. Trump has acknowledged that his policies could bring some initial pain, the early warning signs suggest that his blunt approach could come with more ominous risks to the economy.
“There’s more uncertainty than I think is widely appreciated,” said Michael Strain, an economist at the conservative American Enterprise Institute. “All the uncertainty around trade policy, uncertainty around some of the things that the Department of Government Efficiency is doing, I think will have a chilling effect on investment plans and expansion plans.”…
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The president’s moves to halt foreign aid and freeze some federal funding have already taken a toll on domestic farmers who export billions of dollars of products as part of American foreign aid programs. While some of Mr. Trump’s orders to halt funding have been paused by courts, they have still caused disruption to early-childhood programs such as Head Start. Billions of dollars of climate and infrastructure investments that were underway during the Biden administration are now in limbo…
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In Pennsylvania, Gov. Josh Shapiro sued the Trump administration over $2.1 billion in federal funding that was either frozen or placed under review. The money — which is dedicated to programs that ensure mine safety and plug abandoned wells that could leak toxic chemicals — was restored this week, but the freeze created uncertainty in the state.
“The federal government entered into agreements with state government agencies to get those dollars out into people’s communities,” Mr. Shapiro said this week. “Those agreements are binding. To put it simply: A deal is a deal.”…
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Apollo Global Management, an investment firm, estimates that job cuts related to the Department of Government Efficiency could rise to 300,000 and, when government contractors are included, that the total number of layoffs could be closer to one million. That is a small share of the nation’s 160 million workers, but could still affect the job market and other areas of the economy….
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During a cabinet meeting on Wednesday, Mr. Trump dismissed suggestions that his policies were creating economic anxiety.
“If you look at confidence in the nation, it had the biggest increase in the history of the chart,” he said of an uptick in confidence after he won the election, without specifying what chart he was referring to….
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But even some of Mr. Trump’s most ardent supporters are viewing the economy with some trepidation. After stock markets plunged last Friday, Larry Kudlow, the Fox Business host who was the National Economic Council director during Mr. Trump’s first term, said investors were not happy that tax cuts appeared to be delayed in Congress and acknowledged that tariffs could temporarily lead to higher prices.
“At least for now, the economic signals are flashing slower growth and higher inflation,” Mr. Kudlow said. “Not good.”…
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