Post B33BdDx6SeLx0BEO4e by Nonilex@masto.ai
(DIR) More posts by Nonilex@masto.ai
(DIR) Post #B33A8qf0OZze7biZG4 by Nonilex@masto.ai
2026-02-06T16:27:06Z
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#FactCheck #TrumpLies #Trump says #tariffs have created an economic miracle.The #facts tell a different story.#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession https://apnews.com/article/trump-economy-inflation-tariffs-gdp-fact-check-fc415e879519f14ea5219f00a97994f4?utm_source=onesignal&utm_medium=push&utm_campaign=2026-02-06-Fact+Focus
(DIR) Post #B33AAx2DfNo2TFZwUS by Lizette603_23@mastodon.social
2026-02-06T16:27:26Z
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@Nonilex Yeah, it's a miracle some people can still afford heat and groceries
(DIR) Post #B33ALL4z7kfhwJpFD6 by Nonilex@masto.ai
2026-02-06T16:29:21Z
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Looking back on the first year of his second term, #Trump boasts that he has resurrected the #US #economy by imposing big import #taxes on foreign products.He made his case in a recent opinion piece in The WSJ, chiding the paper & critics, including mainstream economists, who predicted that #tariffs would backfire, raising prices & threatening growth. “Instead,” Trump wrote, “they have created an American economic miracle.”But the proof he offers is often off-base or wrong altogether.
(DIR) Post #B33Aj6deSydI6ONEFU by Nonilex@masto.ai
2026-02-06T16:33:33Z
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Here’s a look at the facts around Trump’s assessment of tariffs∶CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST’ country anywhere in the world!’”THE FACTS: This is a standard statement from #Trump. But the #US #economy was hardly “dead” when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.#delusional #inflation #CostOfLiving #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33AlBd4sjp69y65lQ by Nonilex@masto.ai
2026-02-06T16:34:00Z
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In 2024, the last year of the #Biden presidency, American GDP grew 2.8%, adjusted for #inflation, faster than any wealthy country in the world except Spain. It also expanded at a healthy rate from 2021 through 2023. All while recovering from the pandemic that began under & was made incredibly worse by #Trump.#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33AqsQBD4FiKBmHAW by peachfront@toot.community
2026-02-06T16:35:01Z
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@Nonilex yep & all that destroyed because GOP losers can't stand prosperity... SIGH!!!!
(DIR) Post #B33AsJeRSFXj4C8QFs by Lizette603_23@mastodon.social
2026-02-06T16:35:17Z
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@Nonilex he destroys everything he touches
(DIR) Post #B33AvhGG86yfA0R4iW by Nonilex@masto.ai
2026-02-06T16:35:55Z
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The numbers for all of 2025 aren’t out yet. But during the first 3 quarters of the year, Trump’s #tariffs — or the threat of them — delivered mixed results for the #US #economy.From January to March, US GDP actually shrank for the first time in 3 years. The main culprit was easy to identify: a surge in imports, which are subtracted from GDP, as US companies rushed to buy foreign products before #Trump could impose tariffs on them.#economy #inflation #CostOfLiving #affordability
(DIR) Post #B33B3qsgFQlzJPIODQ by Nonilex@masto.ai
2026-02-06T16:37:23Z
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But growth rebounded in the second half of the year. From April through June, the #economy expanded at a healthy 3.8% pace. And from July through September, it grew even faster — 4.4%. A big part of the surge was a drop in #imports, likely reflecting #Trump’s #tariffs as well as the fact that importers had already stocked up at the start of the year. Strong consumer spending also drove economic growth.#economy #inflation #CostOfLiving #affordability #FactCheck #TrumpLies
(DIR) Post #B33BCYM4UpY0SeByMK by Nonilex@masto.ai
2026-02-06T16:38:55Z
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#Trump also likes point to solid gains in the #US #StockMarket. He noted that #stocks hit new highs 52 times in 2025. It’s true that the US stock market did well last year. But it underperformed many foreign stock markets. The benchmark S&P 500 index climbed 17% — a nice gain but short of a 71% surge in South Korea, 29% in Hong Kong, 26% in Japan, 22% in Germany & 21% in the UK.#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33BPBzqw3c6slpIZc by Nonilex@masto.ai
2026-02-06T16:41:13Z
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CLAIM: “Annual core inflation for the past 3 months has dropped to just 1.4% — far lower than almost anyone, other than me, had predicted.”THE FACTS: #Trump is using cherry-picked data to vastly exaggerate where #inflation stands.#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33BR0dm8062F1MlLk by gvenema@fairmove.net
2026-02-06T16:41:31Z
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@Nonilex Doesn't mean a thing anyway. Most USA stocks and financials are one giant Ponzi scheme waiting for the music to stop. They always go up, until they suddenly very much don't.
(DIR) Post #B33BUEjMCLOioFW2oi by Nonilex@masto.ai
2026-02-06T16:42:10Z
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#Trump’s figure for annual #inflation in the past 3 months — which excludes the volatile #food & #energy prices — is low, but reflects data distorted by the [orchestrated] government #shutdown in Oct & Nov, which disrupted the government’s #data collection & forced the agency that compiles the figures to plug in rough estimates in some categories that artificially lowered overall inflation.#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33BdDx6SeLx0BEO4e by Nonilex@masto.ai
2026-02-06T16:43:47Z
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Annual core #inflation for the final six months of 2025 is higher at 2.6%. That is down from January 2025’s level but about where it was in October 2024. Overall, inflation has leveled off this year, & was 3% in September before the [orchestrated] government #shutdown, the same as it had been in January 2025.#Trump #delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33Bs18qNBbrc8mDBY by Nonilex@masto.ai
2026-02-06T16:46:28Z
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It’s true that #inflation hasn’t been as high as many economists worried it would be when #Trump started rolling out #tariffs last spring, but that is partly because many of the “Liberation Day”tariffs were withdrawn, reduced or riddled with exemptions. When #Democrats won some high-profile #elections last year by highlighting “#affordability” concerns, the admin rolled back existing or planned tariffs on coffee, beef & cabinets, for example, an acknowledgment that the duties were raising prices
(DIR) Post #B33CRQ8jQEkbHQbcFk by ChrisHolladay@mastodon.social
2026-02-06T16:52:49Z
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@Nonilex Look at you Noni!! Must be feeling a little better
(DIR) Post #B33CVUjeHK0ygtoemW by hosford42@techhub.social
2026-02-06T16:53:34Z
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@Nonilex Any Trumpster BS surrounding the job market? That's where I've been hit really hard. Trapped on the outside looking in, with a supposedly low hire/low fire economy. The music stopped and I had no chair.
(DIR) Post #B33DSGHdeYoIxGjk2K by Nonilex@masto.ai
2026-02-06T17:04:10Z
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The impact of the #Trump #tariffs can be more clearly seen in core goods prices, which also exclude food & energy. Before the pandemic, core goods costs typically barely rose — or even fell — each year, but last December they were 1.4% higher than a year earlier. That was the largest increase, outside the pandemic, since 2011.#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33DW3AKMpaxQe7ilc by Nonilex@masto.ai
2026-02-06T17:04:54Z
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Alberto Cavallo, an economist at Harvard & the author of a study on the impact of #tariffs [stupidly] cited by #Trump in his op-ed, has found that Trump’s tariffs have boosted overall #inflation by roughly three-quarters of a percentage point.#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33DgIDTGQPp0HThKK by Nonilex@masto.ai
2026-02-06T17:06:43Z
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CLAIM: “The data shows that the burden, or ‘incidence,’ of the #tariffs has fallen overwhelmingly on foreign producers & middlemen, including large corporations that are not from the #US. According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs.”THE FACTS: The study #Trump cited appears to conclude the opposite of what Trump claimed.#delusional #economy #inflation #CostOfLiving #affordability #recession #FactCheck #TrumpLies
(DIR) Post #B33Doad6geKcQdQQe8 by Nonilex@masto.ai
2026-02-06T17:08:15Z
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Authored by Cavallo & two colleagues, it finds that “#US #consumers were bearing roughly 43% of the tariff-induced border cost after 7 months, with the remainder absorbed mostly by US firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″#delusional #Trump #economy #tariffs #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies
(DIR) Post #B33DxjSlDNxOQjwfjs by donhawkins@mastodon.social
2026-02-06T17:09:52Z
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@Nonilex I think he means a “miracle” for the off shore accounts of his organized crime family.
(DIR) Post #B33EcDmjtfKu3Yb4M4 by ariaflame@masto.ai
2026-02-06T17:17:12Z
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@Nonilex Why should they?
(DIR) Post #B33UEObDdY77udrxjc by joeinwynnewood@mstdn.social
2026-02-06T20:12:09Z
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@NonilexHow much of that miraculous growth was from the expanding AI bubble?And how much damage has he done to US auto manufacturers (similar stories for Ford and GM)? https://finance.yahoo.com/news/stellantis-stock-collapses-as-jeep-maker-takes-26-billion-hit-in-latest-ev-pivot-134546771.html
(DIR) Post #B34F8LjY4eir8JNtA0 by yacc143@mastodon.social
2026-02-07T04:57:40Z
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@NonilexWhich does only help so much. #Trump still destroyed the predictability of US tariffs.International trade takes usually months or longer from order to delivery. Tariffs apply at the time the goods enter the country. Now when tariffs can raise 200% because the Glorious Leader is bored or has digestion issues, that means no US business is capable of pricing reliably inputs. And as it can hit anything, you price in the tariff risk. The 1.4% are to a good part a Trump risk premium