alt Hacker NewsInheriting a strong economy beating all expectations that was just about to end its fight with inflation and burning it all away in a pump and dump crypto scheme fashion, while doing nothing (or even working to expand) unprecedented wealth inequality. Good luck, going to need it. The world reserve currency status is faltering, and so will the benefits it allowed US economy.
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The US economy was not strong in 2024. Cost of living was literally the most important election issue, and it is what decided the election undoubtedly.
It's partially because elites said 'the economy is great! look at my stocks!' while consumer goods had increased in price by 100% or more in only 4 years.
> just about to end its fight with inflation
Inflation will decline only when the deficit declines.
Agree with everything you wrote.
It’s almost like Trump and his administration are trying to purposely hurt America.
I don’t want to be melodramatic, but if Russia had a ultra long-term plan to hurt America, it might look like this.
The economy has not been 'strong' since at least 2019.
CPI is a joke that just subs out everything when it gets more expensive. Oh food is only up 3%, let's ignore we were pricing beef and eggs and now we're subbing in chicken and tofu.
Inflation has been borderline runaway from 2019-2024. Just ask anyone who isn't rich.