Yes, Trump’s economy really is as bad as it seems
Daily Kos • • business
Key Points:
- The U.S. economy lost 92,000 jobs in February, far below expectations, with job growth since April effectively stagnant amid ongoing negative revisions to previous months' data.
- Oil and gas prices have surged sharply due to escalating conflict in Iran, with gas prices jumping 11% in a single day and warnings that oil could reach $150 per barrel, pushing gasoline prices above $4 per gallon.
- The stock market has reacted negatively to these economic and geopolitical challenges, with the Dow Jones falling over 1,700 points and the Nasdaq dropping around 400 points since Monday.
- Despite the worsening economic conditions and rising fuel costs, President Trump has doubled down on his tariff policies and escalated rhetoric toward Iran, demanding "
