Column: It's all Trump's economy now

Ok, I understood something wrong about President Trump. On the eve of his inauguration, I wrote A column that was determined with data how well an economy he inherited; A large financial company said it as a “roaring” 20s. My point was less to counter Trump's claims that President Biden destroyed the economy and to offer more that I expected, Trump's efforts to steal what was not broken.

I (or as good as someone else) I expected how quickly Trump would break this inheritance instead of roling the good times. Certainly his billionaire backers have that he would not ignite a global trade war – they only counted on him to reduce their taxes and regulations. But even those of us who took candidates Trump in his word about “beautiful” tariffs And An antarctic Island of the penguins.

Instead of appreciating for a good economic economy that is handed over, Trump accuses him of the damage through Trump's own actions. Stock slides, reduced 401 (K) S, higher prices, negative growth in the first quarter, recession warnings all bidges, says Trump. “I think the good parts are the Trump economy and the bad parts are the bidding economy” said On NBC's “Meet the Press” on Sunday.

As far as the alleged “good parts” are concerned, a new page on the Weiße House website, entitled “The Trump Effect”, shows that his guidelines “triggered new investments in US production, technology and infrastructure”. The Washington Post checked the promised investments on the page and found that they mostly reflected the regular business costs of the companies or were dated with these bad old bidges.

In any case, it is quite rich to have the president, to get companies to invest more in the United States when the business of his own family is in tears Invest in the Middle East and in Asia. (Apart from Donald Trump Jr.'s interest in a new, only invitation invitation Washington Club; Nothing says “populist” like half a million dollar private club fee.)

On April 30th, shortly after the government report When slowing down the Trump economy posted“Our country will be boomed, but we have to get rid of the bidding overhang. … be patient !!!” He will not say how long Americans have to wait, but apparently after Christmas. The president who has never wanted is tell America's girls are satisfied with two dolls instead of 30.

So Barbie will be a victim of Trump's trade war. Toys. CEO Greg Ahearn told The New York Times, which makes the virtual stopin of the Comment with China, which makes the most toys (including barbies), “Christmas endangered”. (Now that is A war against Christmas.) Trump's repellent joke that the available dolls could cost “a few more dollars” is proof that he knows that he is lying when he says that the Americans do not pay for tariffs.

His politically tones to dolls should record in the Democrats campaign ads until the intermediate elections in 2026. It underlines why he will not get away with the bidding debt: the economic chaos and uncertainty that companies and consumers endure are too well identified with Trump and tariffs. His job terminated by the workplace Recent surveys this testifies.

Even if Trump withdraws on tariffs how he selects and, above all, temporarily or to trade with different countries, it is unlikely that he will give up the taxes as a whole. The one from the blue bomb for the week this week New tariffs on films Made outside the United States – “a national security threat”, he insisted on it, is proof of this. In addition, Trump would take up his entire economic justification – contradictory and implausible as it is – for the “golden age” that they are supposed to ring in with them: with new investments, trade surpluses and income that is so great that the income tax could be lifted.

No matter how often he beats bidges, Trump will have the economic difficulties that are probably ahead. In parallel to the tariff-follies, he and the Republican majority in the congress (remember the congress?) Are initiated in fiscal follies and transform the annual process of the federal budget into an exercise of handing over and hybris. They try to write a budget that is combined with Trump's entire legislative agenda of tax cuts and shortened expensesPresent even vocation According to Trump's own term: the only big beautiful Bill Act.

As with tariffs, the beauty lies in the eye of the viewer – and the previously fighting of the Republicans is not a nice sight.

Shared republicans shared in the house delayed Committee measures this week and the Republicans of the Senate were held A retreat on Wednesday to avert differences from the Capitol. You want to extend Trump's tax cuts from 2017 And In order to meet its 2024 campaign, tax promises to take on tips, overtime and social security benefits for the costs of 9.1 trillion dollars For over 10 years according to the referee Peter G. Peterson Foundation. That is more than Trump added to the federal debt during his first term, a protocol.

The aim of the Republicans is to only pay 1.5 trillion US dollars of the lost tax revenue by reducing the expenses – more than half of Medicaid – even if they impose expenses for military and cross -border enforcement. Simple prediction: you will fall briefly and the debts will explode again. Markets and voters will not react well. The president and his party have all the power in Washington. That means, try how Trump could, there is no one who is to blame when things go wrong.

@Jackiekcalmes