this post was submitted on 12 Feb 2025
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[–] tiefling@lemmy.blahaj.zone 524 points 1 month ago (7 children)
[–] WaxiestSteam69@lemmy.world 137 points 1 month ago (4 children)

I know I've seen this on several websites today. What was everyone expecting? The only think I can think of is the old trope that Republican administrations are better for the economy. I have coworkers who were basically expecting miracles once Trump got into office. Things are probably gonna be bad.

[–] dohpaz42@lemmy.world 87 points 1 month ago (5 children)

Correct me if I’m wrong, but don’t most (if not all) Republican administrations cause recessions or other damage to economies?

[–] whyrat@lemmy.world 82 points 1 month ago* (last edited 1 month ago) (3 children)

Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have...

Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified...). Biden didn't have one (but; just barely... and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we're starting trump's second term, so we'll see (it's pretty clear we'll have a recession within 2 years).

This isn't really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y

[–] Tja@programming.dev 31 points 1 month ago (13 children)

Same with budget deficits, Clinton even got surpluses...

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[–] HRDS_654@lemmy.world 32 points 1 month ago (1 children)

You are not wrong, I don't know where the other poster got their information, but Republicans almost always destroy the economy and the Democrats (kind of) fix it just in time to be blamed for the economy being bad.

[–] Broadfern@lemmy.world 17 points 1 month ago (1 children)

The “trope” is public perception, not actual historical pattern. Every time a Republican president gets elected the exit polls are full of “economic concerns.” What that actually means is left to interpretation but so it goes.

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[–] Jessica@discuss.tchncs.de 34 points 1 month ago

Somehow, inflation returned

[–] Sterile_Technique@lemmy.world 32 points 1 month ago

Denial first, surprises later.

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[–] capt_wolf@lemmy.world 199 points 1 month ago* (last edited 1 month ago) (5 children)

Unexpectedly? By who?

Pretty sure tons of people said that if Trump takes office, inflation would skyrocket thanks to the tarrifs and all his other bullshit... This was entirely expected. It's the result we all knew was coming if he took office.

If it were any Democrat in office right now, the media would have been pinning the blame harder than fighting games got blamed for violence in the 90s. Getting real sick of the narrative they're spinning.

[–] Cort@lemmy.world 35 points 1 month ago (5 children)

If it were any Democrat in office right now, the media would have been pinning the blame harder

If a Democrat were in office inflation wouldn't have increased.

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[–] circuitfarmer@lemmy.sdf.org 127 points 1 month ago

Republicans just took power.

Not unexpected at all.

[–] charade_you_are@sh.itjust.works 104 points 1 month ago (2 children)

We hired one of the worst people in the world to lead us. It's a stretch to call this unexpected.

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[–] iAvicenna@lemmy.world 98 points 1 month ago (2 children)
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[–] phoenixz@lemmy.ca 75 points 1 month ago

Unexpectedly?

Yiyre kidding, right? I was quite literally waiting for this news. It never wss an if, just how bad

[–] DarkFuture@lemmy.world 70 points 1 month ago (3 children)

What's unexpected about it? We re-elected a twice impeached anti-democratic felon rapist who utterly failed his last term.

Every American who could rub brain cells together warned this would happen.

Unfortunately, those people represent a minority in The Divided States of Dumbfuckistan.

[–] pyre@lemmy.world 25 points 1 month ago (1 children)

sounds like BBC is doing damage control for mango mussolini.

the "unexpected" part is that the 3% is above the expected 2.9% rate. they're being coy; the title implies the increase is unexpected while the text shows it's just a tenth of a point above the rate that was expected.

the editors are not uneducated people. I bet they speak English pretty well. the wording is deliberately misleading.

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[–] Maggoty@lemmy.world 62 points 1 month ago (4 children)

That article is carrying a lot of water for the Trump administration. Nobody knows why prices are going up!

[–] nova_ad_vitum@lemmy.ca 20 points 1 month ago (1 children)

Import tariffs are explicitly inflationary. Even the rhumor of them is arguably inflationary. Lowering the interest rate (which Trump is currently in the midst of bullying the Fed chair into doing ) is also explicitly inflationary.

All of the things he has done that actually pertain to inflation have been to increase it.

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[–] thedeadwalking4242@lemmy.world 59 points 1 month ago (1 children)
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[–] FlyingSquid@lemmy.world 58 points 1 month ago (1 children)
[–] RamblingPanda@lemmynsfw.com 25 points 1 month ago (2 children)

Oh God, no! It's the Spanish inflation!

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[–] Coreidan@lemmy.world 48 points 1 month ago (2 children)
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[–] Sunshine@lemmy.ca 46 points 1 month ago (1 children)

!leopardsatemyface@lemmy.world

Good job on voting to cancel out Joe Biden’s monopoly breakup because he didn’t do it fast enough

[–] PugJesus@lemmy.world 30 points 1 month ago (1 children)

"If things aren't good enough, we should make them worse to teach those layabouts a lesson!" - People who have no intention of suffering the consequences of their actions

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[–] Etterra@discuss.online 43 points 1 month ago (1 children)

There's nothing unexpected about it. Have they not been paying fucking attention to what the Orange Jackass had been doing to is?

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[–] nick@midwest.social 43 points 1 month ago

“Unexpectedly”

If it’s anything to me, it’s unexpectedly low.

[–] maplebar@lemmy.world 39 points 1 month ago (1 children)
[–] Eddbopkins@lemmy.world 38 points 1 month ago (1 children)

who ever wrote this article is a total moron. Unexpectedly? noo.

[–] futatorius@lemm.ee 17 points 1 month ago

14 years of Conservative government has left the BBC senior ranks full of Tory placeholders and shills.

[–] spirinolas@lemmy.world 37 points 1 month ago
[–] Lexam@lemmy.world 36 points 1 month ago (1 children)
[–] DocMcStuffin@lemmy.world 17 points 1 month ago (1 children)

The people who voted for the authoritarian liar. They are equally shocked at the leopard knawing on their face.

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[–] Panamalt@sh.itjust.works 36 points 1 month ago (2 children)

I fucking love how there is basically only one comment on this entire post

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[–] MapleEngineer@lemmy.world 35 points 1 month ago

"Unexpectedly"? Everyone but the MAGA idiots expected it.

[–] AA5B@lemmy.world 27 points 1 month ago

The only thing unexpected here is the bad headline. Simply using the first sentence would be more accurate and meaningful

[–] lightnsfw@reddthat.com 26 points 1 month ago

Wait. Unexpectedly for who? I certainly expected it. Most people I've talked with are also not surprised.

[–] RememberTheApollo_@lemmy.world 25 points 1 month ago* (last edited 1 month ago)

Then those interviewed and writing this article are idiots. 2024 article.

Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve’s interest rate policies would likely send prices surging.

Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target

The Nobel economists noted that they aren’t alone in sounding the alarm.

link.

[–] urquell@lemm.ee 23 points 1 month ago (1 children)

Maaaybe tarrifs are not that great

[–] FlyingSquid@lemmy.world 23 points 1 month ago (2 children)

It's been pretty great for China so far.

Wait, that's not what you meant, was it?

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[–] Juice@midwest.social 23 points 1 month ago

Who could have expected this

[–] Allonzee@lemmy.world 22 points 1 month ago* (last edited 1 month ago)

Thank President Musk and his First Lad Trump.

[–] endeavor@sopuli.xyz 18 points 1 month ago

"unexpectedly" is a word they use but I am not sure they know what it means.

[–] frog_brawler@lemmy.world 16 points 1 month ago (3 children)

That's unfortunate, BBC misspelled "predictably."

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