Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DallasNE

(7,620 posts)
15. I Disagree With Krugman, But Only By Degrees (Economic Issue Only)
Thu Jan 16, 2025, 12:08 AM
Yesterday

I say that because we have faced Trump One already and have seen the result. I have to say I was partially wrong with Trump One. The Trump tariffs did not add as much inflation as I expected and there were a decent number of jobs created before Covid-19. This time the tariffs are cranked up more and will have a greater impact but still not as much as Krugman expects. There will be more headwinds for the job market and inflation as well, again not as much as Krugman expects. There are risks in the Middle East and Ukraine that can throw a monkey wrench into things as well now that we no longer have a steady hand on the wheel. In fact, this could get really volatile - even with the peace deal announced today, as that thing is super fragile.

I agree completely with Krugman on how perceptions flip-flop depending on which party holds the presidency. I also agree with his comment about Trump having a lifetime of scamming people and that is not about to change. Indeed, Trump Two is a whole lot more unstable than Trump One was, so look out. Plus, he now has complete immunity. Same with his (and Musk's) massive conflict of interest.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Latest Discussions»Latest Breaking News»Trump voters 'going to ge...»Reply #15