Anonymous wrote:Trump is such a loser. He inherited a fabulous economy that was the envy of the world. He s**t the bed with it. Thanks to the dumb Americans that voted for him.

Here’s one who’s maybe wising up?

Anonymous wrote:

Anonymous wrote:All these fools who voted for tax cuts and deregulation and this is what they get.

Who needs tax cuts to capital gains when all you have is capital losses? That's 5D chess!

Exactly. You don’t pay taxes on the capital losses

FWIW, the rest of the industrialized world announced positive GDP for the first quarter, so this isn't a global thing the way inflation was after COVID.

https://www.cnbc.com/2025/04/30/trump-gdp-tariffs-biden-overhang.html

I called it months ago after the election. I said 2025 and most of 2026 will be Trump and his team blaming Biden for why he can't get things done. I said he'd say it's taking so much longer because Biden left everything such a mess. Then I said in 2026 after the midterm elections, when Dems get power back, his excuses will switch to "The crooked Democrats won't cooperate. They won't compromise. They're so crooked." And then he'll ride that excuse out for the rest of her flop of a term.

Anonymous wrote:Just imagine the numbers for Q2 and Q3, with no foreign tourists, 250K federal workers laid off, and agriculture exports at a standstill.

+1 this gdp report doesn’t reflect all those losses yet. Q2 is going to be a bloodbath. Any republican tax cuts won’t be in place until at least Q3. The damage will have been done.

Thanks MAGA!

Anonymous wrote:Trump is such a loser. He inherited a fabulous economy that was the envy of the world. He s**t the bed with it. Thanks to the dumb Americans that voted for him.

This is just a repeat of his whole career as a "businessman." Let's review. He inherited a massive fortune from his father ($413 million in today's dollars).
Over the years, Trump's businesses have declared multiple bankruptcies (six corporate bankruptcies, especially in casinos). Fred Trump didn’t just give Donald a one-time inheritance—he propped up Donald's businesses repeatedly, both directly and indirectly, over several decades. Without those interventions, many of Donald Trump's ventures likely would have failed earlier or more severely.

Forbes and other financial analysts have argued that Donald Trump underperformed the market. If he had invested his inheritance in a simple S&P 500 index fund, he might have had far more wealth today. A 2018 NYT report suggested tax avoidance schemes and heavy reliance on his father’s financial support throughout his life, contradicting the “self-made” image.

WHO COULD HAVE KNOWN?!

Anonymous wrote:All these fools who voted for tax cuts and deregulation and this is what they get.

Who needs tax cuts to capital gains when all you have is capital losses? That's 5D chess!

All these fools who voted for tax cuts and deregulation and this is what they get.

This thread by Furman is great - he always does an excellent job of breaking down the drivers of GDP.

In short, massive amount of imports in Q1 (front running tariffs) and auto sales falling off a cliff almost entirely account for the negative GDP numbers.

Anonymous wrote:Trump is such a loser. He inherited a fabulous economy that was the envy of the world. He s**t the bed with it. Thanks to the dumb Americans that voted for him.

spot on.

Trump is such a loser. He inherited a fabulous economy that was the envy of the world. He s**t the bed with it. Thanks to the dumb Americans that voted for him.

Anonymous wrote:

Anonymous wrote:Peter Navarro on CNBC reacts to the shrinking GDP number by insisting it's actually good news because if you strip out the effect of tariffs "you have 3 percent growth. So we really like where we're at now."

https://bsky.app/profile/atrupar.com/post/3lnzwqewxju2r

So GDP goes from 4% to 1.8% and this is Navarro's response? What a load of crap.

+1 “But for my signature economic issue that I’m pushing through unilaterally despite all advice and reason, the economy would be fine!” is not a great argument.

Malinowski much more concise than me here:

Anonymous wrote:

Anonymous wrote:The January 20th Tweet where Trump takes ownership of the stock market that he claimed was up because he won the election.

https://bsky.app/profile/parkerbutler.bsky.social/post/3lnzwweam5k2u

Contrast that with the one posted above in this thread.

He was taking ownership of the stock market during his campaign. He said Wall Street was pricing in his win.

His post comes across as exceedingly weak and desperate.

+1 This was before Iowa!

Anonymous wrote:

Anonymous wrote:Commerce Department: US GDP fell at a seasonally and inflation adjusted 0.3% annual rate in the first quarter.
https://www.wsj.com/economy/us-gdp-q1-2025-1f82f689?mod=mhp

Wow, trump is a total disaster. And the second quarter is going to be much more affected by tariffs and funding cuts than the first. It’s getting bad really fast.

Yup.