In a concerning forecast, Larry Kudlow, an economist associated with President Trump, indicated that Americans are “going to have to suffer” due to negative job statistics. This prediction starkly contrasts with Trump’s campaign promises to lower prices immediately upon assuming office. Furthermore, Kudlow pointed fingers at the Biden administration for the ongoing economic difficulties related to high costs and limited job opportunities.
During his Fox Business show, Kudlow detailed the bleak projections for February’s economy, arguing that the anticipated struggles were not Trump’s responsibility. He highlighted persistent high prices of goods due to two main factors: the bird flu outbreak, which has severely impacted poultry supplies, and ongoing tariffs imposed on imports from Canada, Mexico, and China.
The bird flu issue has roots in the previous administration’s decisions, including the dismissal of key scientists involved in prevention efforts. In contrast, despite Trump’s attempts to revitalise American manufacturing through tariffs, immediate consumer prices are expected to rise steeply, exacerbating economic woes.
Additionally, Kudlow linked the prediction of flat job growth to job cuts under the request of Elon Musk’s recently appointed Department of Government Efficiency. This office has led to a significant reduction in federal employment, placing more strain on the job market, which is largely affected by the state of the federal workforce.
Public opinion reflects a split judgment on Trump’s economic performance, with a recent poll revealing that 46% of Americans view his policies as detrimental, while 42% perceive them as beneficial. Economic hesitation became evident when Trump’s trade announcements led to a rapid drop in stock prices, underscoring the anxiety surrounding his tariffs and their broader economic impact.
Kudlow emphasised, “My generic point here with respect to affordability and the economy is we’re going to have to suffer through some bad news. This is nothing to do with Trump. Trump’s program’s not in yet.” Critics, like Representative Eric Swalwell, argue that Trump’s promises of economic improvement have only led to chaos and inflated prices, challenging his narrative of strength against foreign adversaries like Russia.
Looking ahead, it remains unclear whether prices will continue to rise or if the job market will slow further this month, creating a tense waiting game for many Americans as they navigate this economic landscape.
Larry Kudlow warns that Americans may face economic difficulties, citing negative job forecasts and high prices. He blames the Biden administration for these issues but acknowledges that Trump’s policies are not yet active. With tariffs contributing to rising costs and the bird flu affecting poultry supplies, public opinion is divided on Trump’s economic impact, leaving many uncertain about the future.
In essence, Americans face a tough economic landscape characterised by rising prices and stagnant job growth, as highlighted by Larry Kudlow. Despite being a key ally of Trump, he acknowledged these issues are not due to the former President’s current policies as they have yet to materialise. As public sentiment varies regarding Trump’s economic performance, the future trajectory remains uncertain, and many are bracing for potential further hardships.
Original Source: www.newsweek.com
