Comments on: The Trump triumph portends an economic fallout

By: Polly Cisneros

Polly Cisneros — Sun, 24 Nov 2024 23:08:16 +0000

Great article, thank you for walking us through the Trump policy issues. However, you make a giant leap at the end by saying that we failed to debunk Trump’s assumptions about what makes our economy work, prior to the election. Those of us who understand the economy and keep up with the news, were fully aware of Trump’s misunderstanding of how it all works. Therein lies the issue. Despite what we knew, voters chose him anyway. Reason can only go so far in explaining where we are today.

By: Sandy Calwell

Sandy Calwell — Thu, 14 Nov 2024 21:50:41 +0000

So well put!

By: Curmudgeon

Curmudgeon — Thu, 14 Nov 2024 20:07:36 +0000

In reply to Al McCaskill. And I'll double it. Until the farmers once again control and defend the equity in their family's land, until the workers of the land receive wages that they can truly own, until the families are free to teach what they've learned to their own children, and until we once again can defend our very selves this country's promise has been stolen by tyrants and surrendered by fools.

By: David Marston

David Marston — Thu, 14 Nov 2024 15:53:30 +0000

In reply to Al McCaskill. I'll take that bet. We're at 4.1% unemployment now. Inflation is 2.6%. GDP grew at 2.8% last quarter. I'd wager $100 that all those measures will be significantly worse.

By: Al McCaskill

Al McCaskill — Thu, 14 Nov 2024 15:44:48 +0000

I’ll bet you 2 to 1 in four years our economy will be in much better shape than Biden/Harris is leaving it.

By: Philip Verleger

Philip Verleger — Wed, 13 Nov 2024 19:44:38 +0000

Interesting commentary. However, you miss a critical point. As Charles Kindleberger noted in his book “The World in Depression, 1929 -1932” commodity producers are almost always the big losers from trade wars. Then commodity prices dropped by more than 75 percent on average according to the League of Nations.
US farmers lost big during the first Trump Administration.
If Trump follows through with his plans US oil and gas producers will join US farmers. By 2026 you may be paying $1.50/gallon and US oil producers may be getting less than $20/bbl.
Meantime interest rates could surpass the peaks set in 1982.