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In a speech marking the 100th day of President Trump’s second term, former Vice President Kamala Harris condemned his administration’s actions, characterizing them as creating “the greatest man-made economic crisis in modern presidential history.” Harris criticized the president’s tariffs, claiming they harmed American workers and businesses, and denounced his broader agenda as prioritizing tax cuts for the wealthy while slashing public services. She countered the administration’s use of fear tactics by highlighting the courage of Americans resisting these policies and urged unity in the face of adversity. Using the metaphor of elephants huddling together during an earthquake, Harris emphasized the importance of collective action to overcome challenges.
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The upcoming four years represent a pivotal moment for America, demanding unwavering commitment to unbiased news coverage. HuffPost, facing this critical juncture, is launching an ad-free experience for qualifying contributors to sustain its mission of providing free, fair journalism. This initiative seeks to bolster the newsroom’s efforts in delivering crucial information to the public. Support from readers is vital to ensuring the continuation of this vital service.
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Trump’s first 50 days in office are shaping up to be a significant challenge for the US economy, with stock markets experiencing a downturn reminiscent of the 2009 financial crisis. The speed and severity of this decline are particularly striking given the relatively strong economic climate Trump inherited. Unlike the 2009 situation, where President Obama took office amidst a pre-existing economic crisis, Trump’s administration initiated policies that appear to be directly contributing to the current market woes. This isn’t simply a continuation of existing trends; rather, it points to the potential negative impacts of certain policy decisions.
The market’s downward trajectory is stark, with significant losses registered in a short timeframe.… Continue reading
Concerns are rising about a potential recession under President Trump, fueled by declining consumer confidence and inflationary pressures exacerbated by his tariff policies. A shrinking GDP, predicted by the Atlanta Federal Reserve, and a falling consumer confidence index below recessionary thresholds, have contributed to the “Trumpcession” narrative. While some economists downplay the recession risk, others warn of significant negative consequences, including job losses and increased federal deficits. The outcome hinges on several factors, including the Federal Reserve’s response and the continued impact of Trump’s trade policies on inflation and economic growth.
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President Trump’s approval rating on the economy stands at a mere 42 percent, the lowest for a first-term president in recent history, despite his campaign promise to lower prices. This low rating reflects American dissatisfaction with his economic policies, particularly amidst rising inflation and the implementation of tariffs. While his overall approval rating is slightly higher at 45 percent, significant partisan divides exist, with Republicans overwhelmingly approving and Democrats largely disapproving of his performance. Concerns over the economy’s future, coupled with escalating trade tensions, contribute to the current low approval numbers.
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Former Obama advisor Van Jones launched a scathing attack on a recent Trump appointee, labeling them among the worst individuals he has ever encountered. Jones’ comments highlight the intense partisan divisions surrounding the appointment. The specific criticisms leveled by Jones were not detailed in the provided title. This appointment is likely to further fuel political tensions and debate.
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President Biden’s welcoming reception of President-elect Trump contrasts sharply with the latter’s 2020 snub, highlighting a stark difference in leadership transitions. Economically, Trump inherits a robust economy, unlike Biden’s inheritance of a COVID-ravaged one. Despite initial post-pandemic challenges, the Biden administration successfully navigated supply chain issues and record inflation, resulting in record low unemployment, job growth, and falling prices. While Trump may attempt to claim credit, the economic successes are undeniably attributable to President Biden’s policies and leadership.
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