The US economy unexpectedly shrank in the first quarter of the year as businesses prepared for tariffs (1 Viewer)

[Airyaman]

Recession, here we come.

The US economy unexpectedly shrank in the first quarter of the year as businesses prepared for tariffs

Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's first quarter.

www.businessinsider.com

 

[Helix]

Unexpectedly?

 

[Airyaman]

Unexpectedly?

Well, they expected growth of a whole whopping .2%.

 

[Greenbeard]

Unexpectedly?

Only if you extrapolated from Biden’s growing economy and forgot about Trump’s idiotic policies.

 

[NuffSaid]

Welp, that sucks.
I hope the trend is reversed for the next quarter.

 

[Quag]

Well, they expected growth of a whole whopping .2%.

Trumps disasterous effect on the economy is like the Spanish inquisition to MAGA, they never expect it

 

[Airyaman]

Welp, that sucks.
I hope the trend is reversed for the next quarter.

Lol.

 

[Quag]

Welp, that sucks.
I hope the trend is reversed for the next quarter.

May as well hope that Trump gorws a brain

 

[Ikari]

Welp, that sucks.
I hope the trend is reversed for the next quarter.

It would require that Trump reverse his trade war

 

[Airyaman]

It would require that Trump reverse his trade war

I think it's too late at this point. I think we're going to see the real pain this month (meaning May, not today, end of April), June for sure.

 

[Airyaman]

 

[yankintx]

Is this the new golden age Trump promised on his first day in office ?

 

[Airyaman]

What's weird about companies ramping up imports in Q1 in preparation for Trump's trade war is that consumers weren't doing the same. Consumers obviously pulled way back on consumption instead of getting ahead of coming higher prices.

 

[yankintx]

How fitting Trump dances and celebrates his 100 days in office while the GDP shrinks.

MAGAS luv the pain, the rest of us not so much

 

[Slartibartfast]

Welp, that sucks.
I hope the trend is reversed for the next quarter.

It will get much much worse and I suggest stocking up on toilet paper ahead of time.

 

[Airyaman]

 

[Airyaman]

IT'S ALL BIDEN'S FAULT!!

 

[bongsaway]

Is this the new golden age Trump promised on his first day in office ?

Yes, today would be a great day to buy. He just wasn't including the general public in his golden dreams, he was talking to his 'associates' with money. He did tell the same crew last election he was going to make them rich, nothing new.

 

[bongsaway]

IT'S ALL BIDEN'S FAULT!!

This is what the GOP is supporting? The man can't even take responsibility for his own actions so he lies and blames others. Great leadership from such a strong man.
The man is really on the verge of being delusional and believing his own bullshit.

 

[Ikari]

Who would have thought that an insane, unhinged Global Trade War would produce negative economic effects on us? I thought Trump said prices would go down, jobs would come back, etc.

 

[Airyaman]

This is what the GOP is supporting? The man can't even take responsibility for his own actions so he lies and blames others. Great leadership from such a strong man.
The man is really on the verge of being delusional and believing his own bullshit.

He crossed over a long, long time ago.

 

[Lycanthrope]

Unexpectedly?

Business Insider will now be declared an agent of hostile politics.

 

[Ikari]

This is what the GOP is supporting? The man can't even take responsibility for his own actions so he lies and blames others. Great leadership from such a strong man.
The man is really on the verge of being delusional and believing his own bullshit.

Perpetual victimhood is a hallmark of MAGA.

 

[Lycanthrope]

IT'S ALL BIDEN'S FAULT!!

"I don't take responsibility at all"

Trumpsplain for your oh so alpha Dear Leader, MAGAs.

 

[bongsaway]

He crossed over a long, long time ago.

I really do think he is starting to lose it from all the negative publicity and dreadful poll numbers. He is lashing out more and more.