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Explain this one away you orange clown (1 Viewer)

Shrink726 said:
US economy goes into reverse from Trump’s abrupt policy shifts

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Your own article explains things and it also gives you a dose of reality. Didn't you read it?

We can’t call it a recession yet​

While the latest GDP report points to a much weaker economy compared to last year, that doesn’t necessarily mean Americans are in the throes of a recession just yet.​
​
A recession is technically defined as a broad-based contraction in the economy — encompassing the labor market, consumer spending, industrial activity and business investment — that lasts for more than a few months. And even though it may feel like there is a recession, according to polls and surveys, the economy remains in good shape on a few important fronts.​
​
Unemployment remains relatively low — 4.2% as of March — businesses are continuing to invest in their operations and consumers haven’t retreated with their spending in any meaningful way just yet, government data shows.​

Please...don't engage in Chicken Littleism.
 
Mycroft said:
Your own article explains things and it also gives you a dose of reality. Didn't you read it?

We can’t call it a recession yet​

While the latest GDP report points to a much weaker economy compared to last year, that doesn’t necessarily mean Americans are in the throes of a recession just yet.​
​
A recession is technically defined as a broad-based contraction in the economy — encompassing the labor market, consumer spending, industrial activity and business investment — that lasts for more than a few months. And even though it may feel like there is a recession, according to polls and surveys, the economy remains in good shape on a few important fronts.​
​
Unemployment remains relatively low — 4.2% as of March — businesses are continuing to invest in their operations and consumers haven’t retreated with their spending in any meaningful way just yet, government data shows.​

Please...don't engage in Chicken Littleism.
Click to expand...
The OP didn't say anything about a recession.
 
From the link:

That slowdown was largely due to Americans cutting their spending on goods, and was the weakest rate since mid-2023.

This is the Presidents gambit: hurt the economy to bring down prices.

Brilliant…..
 
Blue Dog said:
From the link:

That slowdown was largely due to Americans cutting their spending on goods, and was the weakest rate since mid-2023.

This is the Presidents gambit: hurt the economy to bring down prices.

Brilliant…..
Click to expand...
Until you start adding tariffs into prices.

Not so brilliant...
 
Shrink726 said:
US economy goes into reverse from Trump’s abrupt policy shifts

Click to expand...
The masters of bullshit is what the leadership of the GOP is in actuality. W screwed the pooch royally when he left office and us with huge debt, now trump is crashing the economy on a worldwide scale.

When will the base of the GOP learn, they are not fiscally responsible people and are not better for the economy than the Democrats.

Keep believing them and keep yourselves poor cause they ain't out to help you.
 
Mycroft said:
Your own article explains things and it also gives you a dose of reality. Didn't you read it?

We can’t call it a recession yet​

While the latest GDP report points to a much weaker economy compared to last year, that doesn’t necessarily mean Americans are in the throes of a recession just yet.​
​
A recession is technically defined as a broad-based contraction in the economy — encompassing the labor market, consumer spending, industrial activity and business investment — that lasts for more than a few months. And even though it may feel like there is a recession, according to polls and surveys, the economy remains in good shape on a few important fronts.​
​
Unemployment remains relatively low — 4.2% as of March — businesses are continuing to invest in their operations and consumers haven’t retreated with their spending in any meaningful way just yet, government data shows.​

Please...don't engage in Chicken Littleism.
Click to expand...
You are the only one using the word recession, neither of the others posters mentioned the word.
 
Blue Dog said:
From the link:

That slowdown was largely due to Americans cutting their spending on goods, and was the weakest rate since mid-2023.

This is the Presidents gambit: hurt the economy to bring down prices.

Brilliant…..
Click to expand...
Trump hasn't "hurt the economy", but for sure his tactics to bring down prices is better than what the Fed did to bring down prices...which was to make money more expensive.

The Fed made it more costly to produce products, which caused people to buy less. Trump is working to get products made in the US, by US workers, which will raise wages and enable Americans to buy what they want.
 
For anyone confused or worried, take heart! This was ALWAYS the plan, so if you have faith in Trump, all is well in the new American Golden Age!

The rest of us are at least emotionally prepared, because this is what we've been warning about, and it's just starting.

Thankfully, T-Bone is an accomplished waffler and knows no shame, so I expect it'll all be getting reshuffled again soon enough.
 
Airyaman said:
So then what is your point? No one is saying we are in recession.
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The article raised the issue.

Airyaman said:
But Trump's tariffs will likely change that.
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No. They won't.

The US won't be going into any recession. In fact, as a result of Trump's tariffs, US businesses will find world markets...previously closed to them...open up. Increased exports will raise the GDP.
 
Mycroft said:
The article raised the issue.


No. They won't.

The US won't be going into any recession. In fact, as a result of Trump's tariffs, US businesses will find world markets...previously closed to them...open up. Increased exports will raise the GDP.
Click to expand...
Your imagination seems like a lovely place.
 
Have you ever loaned a terminally stupid, angry, and determined person your restored muscle car and thrown in a bottle of Johnny Walker Black for the ride? Republicans have. Same result.
 
Mycroft said:
Your own article explains things and it also gives you a dose of reality. Didn't you read it?

We can’t call it a recession yet​

While the latest GDP report points to a much weaker economy compared to last year, that doesn’t necessarily mean Americans are in the throes of a recession just yet.​
​
A recession is technically defined as a broad-based contraction in the economy — encompassing the labor market, consumer spending, industrial activity and business investment — that lasts for more than a few months. And even though it may feel like there is a recession, according to polls and surveys, the economy remains in good shape on a few important fronts.​
​
Unemployment remains relatively low — 4.2% as of March — businesses are continuing to invest in their operations and consumers haven’t retreated with their spending in any meaningful way just yet, government data shows.​

Please...don't engage in Chicken Littleism.
Click to expand...
You did this...along with your rapey felonious orange god.
 
I'll just add that I don't really like the framing of Trump "mishandling" or "unintentionally" doing anything. This was intentional (we can argue motive.)

His plan was always to increase tariffs across the board, and that is the cause of this economic reversal.

Tariffs are very predictable in their effects. Anyone who thinks China is at a disadvantage right now, doesn't understand the situation.
 
Dumb shit inherited a very good economy with inflation (finally) under control, jobs numbers were great, wage growth was good and what did he do?

He 'effed it all up. He could have been wildly popular if he had just shut his fat trap, used existing laws and procedures to deal with the border/immigration issues, and treated our allies with respect.

He should have just played golf from the day he was inaugurated.

Freaking imbecile.
 
Trump tweeted that the numbers are Biden's numbers because he wasn't) President most of January. Sad thing is bobble heads will bobble.
 
Shrink726 said:
US economy goes into reverse from Trump’s abrupt policy shifts

Click to expand...

He's just picking up where he left off: being the cause of disaster for the American people.

Our ports were empty when he left. He came back to booming ports and made sure to clear them out.

Inflation was on the way up thanks to his two rounds of stimulus and the supply chain disaster caused both by COVID and his complete failure to take measures for the first few months. He came back to inflation slowly being reigned in and a booming economy, and he made sure that we're about to see massive price increases, an annihilated supply chain, and almost certain stagflation (best case scenario).

So on and so forth.





And when it all goes to shit, @Mycroft - if he doesn't end up on the streets with tens of millions of other Americans in a Great Depression - will be right here to tell us that we're wrong to say anything bad about Trump because we're still alive and need to wait until we starve to death to complain.

Mycroft said:
We can’t call it a recession yet
Click to expand...

That's right, folks. You aren't seeing what you're seeing and you aren't hearing what you are hearing because "recession" has a technical definition applicable to two quarters not one, so nobody is allowed to talk about anything.

Absolutely digusting quisling messaging. I couldn't look at my reflection if I posted what Mycroft posts.
 
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