#economic-comparison-trump-vs-biden

#economic-comparison-trump-vs-biden

Markets could remain sensitive to the developments in the Middle East. Tensions remain elevated in the region amid continued incidents in the Strait of Hormuz and a failed attempt for a second round of talks this week, undermining prospects for a near-term resolution.

"If AI companies are unable to increase revenues with lightning speed, they won't be able to service their massive debt loads. And because of shady accounting strategies, the first big stumble will have everyone running for the exits, potentially triggering destabilizing losses in the financial sector and another 2008-style financial crisis."

I'd love to stand here and tell the American people, we can cut your taxes and we can increase spending, and everything's going to be just fine. But I can't do that because I'm here to deliver a dose of reality. This bill dramatically increases deficits in the near term, but promises our government will be fiscally responsible five years from now. Where have we heard that before? How do you bind a future Congress to these promises? This bill is a debt bomb ticking.

Typical of Trump, he is boasting about the performance of the U.S. economy in the most hyperbolic terms. He even declared that his economy is 'the greatest ever in history' in a recent interview on Fox Business Network. He points to the stock market and allegedly low inflation to back his claim.

The opinion declared that the emergency powers granted to the president under the International Emergency Economic Powers Act did not include imposing tariffs. Trump, predictably, was furious about the ruling, vociferously bashing the justices even the ones he appointed and insisting he still could impose tariffs without Congress. Friday evening, he did just that, announcing in a Truth Social post that he was imposing a Global 10% Tariff on all Countries, which will be effective almost immediately.