Memo To Trump: Get Focused On The Economy, Before It’s Too Late
I & I Editorial Board
March 4, 2025
Conservatives have been positively giddy with the whirlwind of activity out of the White House over the past five weeks. But if President Donald Trump and Republicans in Congress don’t start focusing on the economy, the excitement will be short-lived.
Not only are there worrisome signs of an economic slowdown, but the public is growing increasingly frustrated with what they see as a lack of attention to pocketbook issues on Trump’s part. Republican lawmakers are making matters worse by dawdling on extending Trump’s tax cuts, which is causing businesses to hold off on big investments. This is a lethal combination.
The latest sign the economy continues to struggle comes from the GDPNow, produced by the Atlanta Federal Reserve Bank, which projects GDP growth for each quarter based on currently available data, and changes as those data roll in. Data released on Monday caused a sharp downgrade in GDPNow forecast to -2.8% for the quarter, from -1.5% last Friday.
Meanwhile, the Consumer Confidence Index dropped sharply in February and “pessimism about the future returned,” according to the Conference Board.
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https://issuesinsights.com/2025/03/04/memo-to-trump-get-focused-on-the-economy-before-its-too-late/
