By Free Republic | Created at 2025-01-20 14:47:31 | Updated at 2025-01-23 03:56:00
2 days ago
Is Donald Trump inheriting the best economy in history?
Marketwatch ^ | Jan 11, 2025 | Chris Matthews
Posted on 01/20/2025 5:29:54 AM PST by where's_the_Outrage?
The U.S. labor market heated up in December, adding more jobs than expected and stoking optimism that higher interest rates and slower growth abroad won’t stop the steady march of economic growth and wage gains for American workers.
With low unemployment, rising incomes and inflation down to a third of its peak in 2022, it raises the question of just how good an economy President-elect Donald Trump stands to inherit when he enters office in less than two weeks.
“President Trump is inheriting an economy that is about as good as it ever gets,” Mark Zandi, chief economist at Moody’s Analytics, told the New York Times last week. “The U.S. economy is the envy of the rest of the world, as it is the only significant economy that is growing more quickly postpandemic than prepandemic.”
Friday’s economic data only furthered Zandi’s argument, as Trump will now inherit a lower unemployment rate than any president since Richard Nixon in 1969, according to Labor Department statistics.......
Nevertheless, these data may be painting a sunnier picture than the economic reality for most Americans warrants.
Trump is set to inherit the highest price for a gallon of gasoline on the day of a transitional inauguration in history, at $3.50 per gallon, according to the U.S. Energy Information Administration.
Mortgage rates are also very elevated relative to recent history, and the president-elect will enter office with the highest average rate for a 30-year mortgage since George W. Bush in 2001.
While mortgage rates were consistently higher in the years before George W. Bush’s first term than today’s average of 6.9%, housing affordability overall is at nearly record-low levels due to the combination of high rates and high valuations.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Chit/Chat; Conspiracy
KEYWORDS: chrismatthews; chrissyisstillamoron; economy; inflation; joblessness
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Leg tingle says things are great, and starts to mention the lie behind the "best economy ever". Gas prices way up from 4 years ago, mortgage rates up, but fails to mention egg prices thru the roof, housing prices up about 25%, etc.
However, we can expect a large jump in unemployment as Trumps fires the swamp.
To: where's_the_Outrage?
2 posted on 01/20/2025 5:33:01 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!ly)
To: where's_the_Outrage?
Matthews is a pathetic moron.
3 posted on 01/20/2025 5:33:07 AM PST by Dave911
To: where's_the_Outrage?
My grocery and gas bills say otherwise.
4 posted on 01/20/2025 5:33:12 AM PST by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
To: where's_the_Outrage?
Chris Matthews....*ROFLMAO*
He’s about as intelligent as a post hole....
5 posted on 01/20/2025 5:34:27 AM PST by JBW1949 (I'm really PC.....Patriotically Correct)
To: V_TWIN
Is his leg still tingling?
6 posted on 01/20/2025 5:34:35 AM PST by donozark (If the intelligentsia are so smart, why are they always the first ones to be shot?)
To: where's_the_Outrage?
Yes, and clearly the American people just loved the crap out of Theo economy. Can someone please put the spitter back on his box.
7 posted on 01/20/2025 5:34:42 AM PST by FlipWilson
To: where's_the_Outrage?
This is one of the worst economies I’ve seen in my life. Other than off-world mining and drilling for oil everywhere on earth I don’t see how Trump can magical our way out of this. Crypto meme coins ain’t gonna do it. The Titanic is going down quick. Somebody blow up a balloon.
8 posted on 01/20/2025 5:34:43 AM PST by Strict9
To: where's_the_Outrage?
Debt is way up. Chris is no economist. Chris is a propagandist.
9 posted on 01/20/2025 5:34:58 AM PST by The_Media_never_lie ( @whoisourPresident)
To: where's_the_Outrage?
To: where's_the_Outrage?
Are these people stoned out of their minds?
11 posted on 01/20/2025 5:37:32 AM PST by piasa (Attitude adjustmilents offered here free of charge)
To: All
Yes the economy is great , it’s why Kamala is getting sworn in today
12 posted on 01/20/2025 5:37:55 AM PST by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
To: where's_the_Outrage?
not seeing it. I must not be smart enough, or so I’m told.
13 posted on 01/20/2025 5:38:54 AM PST by Qwapisking (Q: know the difference between a petulant 6 y.o. and a liberal? A:age. L.Star )
To: Libloather
Wow.
Delusional. Idiotic. Ideologic.
Or any combination of those, but likely...all of them at once.
14 posted on 01/20/2025 5:39:10 AM PST by rlmorel ("A people that elect corrupt politicians are not victims...but accomplices." George Orwell)
To: where's_the_Outrage?
Moody’s is Deep State.
Not that we really needed the reminder, Mr. Zandi.
15 posted on 01/20/2025 5:40:18 AM PST by mewzilla (Swing away, Mr. President, swing away!)
To: where's_the_Outrage?
Who writes this trash. Nobody thinks the economy doesn’t suck.
Especially broke young people who can’t buy houses or cars. Or old people who can’t buy eggs or meds.
Market Watch has gone full-blown clownass.
16 posted on 01/20/2025 5:44:50 AM PST by AAABEST (That time Washington DC became a corrupted, existential threat to us all...)
To: escapefromboston
Yes the economy is great , it’s why Kamala is getting sworn in today
She didn’t send a thrill up Chrissy’s leg.
17 posted on 01/20/2025 5:46:32 AM PST by gundog (It was a bright cold day in April, and the clocks were striking thirteen. the )
To: where's_the_Outrage?
It’s a great economy if your business is fencing stolen goods in California or if your business rests on unskilled labor for which you can pay subminimum wages off the books.
18 posted on 01/20/2025 5:54:16 AM PST by sphinx
To: where's_the_Outrage?
The economy may be heating up but I suspect that is similar to those politically incorrect cars the Obama Administration forced to be destroyed and it will seize shortly.
19 posted on 01/20/2025 6:02:10 AM PST by caseinpoint (Don't get thickly involved in thin things.)
To: Strict9
I don’t see how Trump can magical our way out of this.
It's actually very easy. The price of everyhting, and I mean everything, depends on the price of fuel; diesel, gas, propane, etc. Once the price starts dropping, the price of everyhting begins dropping.
Additionally, as we remove tens of thousands of people here illegally, who have been fillung up rental properties all around the country, those prices will be forced down. DC will be hurt the most, because when these people readlusted their mortgages to get lower rates, they artificially put themselves into a deep hole.
20 posted on 01/20/2025 6:15:28 AM PST by wbarmy (Trying to do better.)
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