Trump 47 Economy
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Anonymous
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How does the GOP imagine this is going to turn out well for it? The growing stink coming off of Trump’s economy is not a winning strategy. |
Anonymous
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The -.3% is because of a large boost in imports ahead of tariffs, which is a negative in GPD calculations.
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Anonymous
And will be further negative in the future as the economy contracts. |
Anonymous
| I'm trying to remember, how long did posters here say the "Obama economy" extended into the Trump administration? Maybe someone can refresh my memory. Was it 6, 9 or 12 months. |
Anonymous
If this is attributable to the Biden economy, what would GDP have been without? -2%? -3%? Remember what 2024 numbers were. "In 2024, the US GDP was $29.98 trillion. This represents a growth of 4.73% compared to the previous year. Real GDP increased by 2.8% for the year, driven by increases in consumer spending, investment, government spending, and exports. " |
Anonymous
Imports do not reduce GDP. In the GDP formula they are subtracted because they are included in C, I and G, and the goal is to isolate domestic production. If imports hadn't surged, CIG would be lower. Imports are independent of domestic production. GDP = C+I+G +(X–M) https://fredblog.stlouisfed.org/2018/09/do-imports-subtract-from-gdp/ |
Anonymous
Go back to the posts here from February and look at what the Atlanta Fed’s GDP now forecast was predicting for 1Q before Trump started implementing tariffs. |
Anonymous
You aren't answering the question. |
Anonymous
Your memory issues are a pretty good analogy for the senile moron we have in charge of our economy. |
Anonymous
Nice try to spin. Had Trump let things ride along, which he basically did in his first term, he could have enjoyed the Biden economy in 2025. And why didn’t Trump do that??? But instead he imposed incomprehensible and erratic tariffs and has damaged both the dollar and rule of law and put us on the path of tyranny. Trump did this himself and owns this economy. |
Anonymous
It could have been all three or 2 years or 4 years. It doesn’t change the fact the current economic slump is wholly trump’s fault. I notice that you didn’t explain why the tariffs, firing gov’t workers, rescinding grants right and left, and dismantling organizations that were subsidizing farmers should not be eyed as contributors to the downturn. Trump and his administration know that they caused this - they are asking us to bear some pain, have a few less toys, etc. I am supportive of trump’s efforts to make the U.S. less dependent on Chinese goods. I think Obama, Trump 1.0 and Obama did not do a good job in taking China seriously when it came to safeguarding U.S. economic interests. But Trump 2.0 is going about it the wrong way and we are all paying for it. |
Anonymous
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When this kicks in, there will be millions impacted
https://acasignups.net/25/05/01/and-so-it-begins-aetnacvs-pulling-out-aca-exchanges-next-year-gop-allows-ira-subsidies and not in a good way. |
Anonymous
Trump immediately pulled us out of trade agreements and the Western alliance. That impacts the economy. When trump was president the first time, he rode the Obama economy until the GOP tax bill took root. at that point, the debt started to climb, as did inflation. Then, COVID happened and everything fell off a cliff, Trump left office and Biden came in to fix it. Fix it he did, but with restarting a global economy came inflation. So Biden gets blamed for inflation which happened globally and was worse everywhere else. Hence an economy that was the "envy of the world" When Trump started with the tariffs and trade wars, in January and February, the markets began its period of instability and we are beginning to see now the material impacts on unemployment/jobless claims, inflation and supply chain issues. |
Anonymous