America’s booming economy proves Trump was right – again

Outstanding 2025 Q2 economic numbers; Trump right again... :grokmaster:








Dunce-o-crat response:
hiding-head-in-sand.jpg
 
Hawkeye10 said:
What is the evidence that the economy is booming?
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Evidence Cited for a Booming Economy

  1. Strong GDP Growth in Q2 2025:
    • The U.S. economy grew at an annualized rate of 3% in the second quarter of 2025, surpassing economists' expectations of 2.3%. This growth followed a contraction of 0.5% in the first quarter, attributed to a surge in imports due to tariff anticipation. The rebound was driven by a turnaround in the trade balance and increased consumer spending (1.4% growth, up from 0.5% in Q1).
    • White House statements and supporters, such as economist E.J. Antoni and National Economic Council Director Kevin Hassett, described this as "explosive growth" and a sign of a "Made in America" boom, with strong income growth and reduced government spending.
  2. Low Inflation and Stable Prices:
    • Core inflation has remained low, with the Personal Consumption Expenditures (PCE) price index at 2.1% in Q2 2025, close to the Federal Reserve's 2% target, down from 3.7% in Q1. A White House report claims that expectations for an inflation spike have "completely receded," and prices for imported goods have declined faster than overall goods, suggesting tariffs have not significantly driven up costs.
  3. Stock Market Performance:
    • The stock market has reached new record highs, with major banks like JPMorgan Chase, Goldman Sachs, and Citigroup raising their S&P 500 year-end targets. This reflects surging Wall Street sentiment, attributed to Trump’s economic policies.
    • After initial turmoil following Trump’s "Liberation Day" tariff announcement in April 2025, markets recovered as tariffs were moderated through trade deals, boosting confidence.
  4. Job Creation and Low Unemployment:
    • The unemployment rate was reported at 4.1% in June 2025, slightly down from earlier months, with strong hiring noted in some periods. White House claims highlight "explosive job creation" and blue-collar wage growth, though specific figures for job gains vary.
    • A March 2025 jobs report was described as evidence of a "roaring" private sector, though April’s report was less robust, prompting Trump to call it a "transition stage."
  5. Consumer Confidence and Spending:
    • Consumer confidence reportedly rose in July 2025, with spending growth accelerating in Q2. This is cited as evidence of trust in Trump’s "America First" economic agenda, which includes tariffs, deregulation, and tax cuts.
    • The White House claims Trump’s policies have reduced reliance on foreign products and boosted domestic investment, contributing to economic optimism.
  6. Trade Policy Successes:
    • Trump’s tariff policies, including a 10% baseline tariff and higher reciprocal tariffs, are credited with securing trade deals with the EU, Japan, and others, positioning the U.S. favorably in global trade. The EU accepted a 15% tariff, and countries like the UK received lower levies (10%) for early compliance. These deals are seen as strengthening U.S. economic leverage without causing the predicted market collapse.
    • A 2024 study cited by the White House claims Trump’s first-term tariffs strengthened the economy and led to reshoring in industries like manufacturing and steel.
White House statements and supportive sources (e.g., The Telegraph) emphasize that Trump’s policies—tariffs, tax cuts, deregulation, and immigration restrictions—are driving a "golden age" of economic growth, job creation, and global trade dominance. The 3% GDP growth in Q2 2025, low inflation, and stock market highs are cited as proof, with tariffs framed as a successful tool for reshoring jobs and securing trade deals.
 
GreatAmerican said:
Evidence Cited for a Booming Economy

  1. Strong GDP Growth in Q2 2025:
    • The U.S. economy grew at an annualized rate of 3% in the second quarter of 2025, surpassing economists' expectations of 2.3%. This growth followed a contraction of 0.5% in the first quarter, attributed to a surge in imports due to tariff anticipation. The rebound was driven by a turnaround in the trade balance and increased consumer spending (1.4% growth, up from 0.5% in Q1).
    • White House statements and supporters, such as economist E.J. Antoni and National Economic Council Director Kevin Hassett, described this as "explosive growth" and a sign of a "Made in America" boom, with strong income growth and reduced government spending.
  2. Low Inflation and Stable Prices:
    • Core inflation has remained low, with the Personal Consumption Expenditures (PCE) price index at 2.1% in Q2 2025, close to the Federal Reserve's 2% target, down from 3.7% in Q1. A White House report claims that expectations for an inflation spike have "completely receded," and prices for imported goods have declined faster than overall goods, suggesting tariffs have not significantly driven up costs.
  3. Stock Market Performance:
    • The stock market has reached new record highs, with major banks like JPMorgan Chase, Goldman Sachs, and Citigroup raising their S&P 500 year-end targets. This reflects surging Wall Street sentiment, attributed to Trump’s economic policies.
    • After initial turmoil following Trump’s "Liberation Day" tariff announcement in April 2025, markets recovered as tariffs were moderated through trade deals, boosting confidence.
  4. Job Creation and Low Unemployment:
    • The unemployment rate was reported at 4.1% in June 2025, slightly down from earlier months, with strong hiring noted in some periods. White House claims highlight "explosive job creation" and blue-collar wage growth, though specific figures for job gains vary.
    • A March 2025 jobs report was described as evidence of a "roaring" private sector, though April’s report was less robust, prompting Trump to call it a "transition stage."
  5. Consumer Confidence and Spending:
    • Consumer confidence reportedly rose in July 2025, with spending growth accelerating in Q2. This is cited as evidence of trust in Trump’s "America First" economic agenda, which includes tariffs, deregulation, and tax cuts.
    • The White House claims Trump’s policies have reduced reliance on foreign products and boosted domestic investment, contributing to economic optimism.
  6. Trade Policy Successes:
    • Trump’s tariff policies, including a 10% baseline tariff and higher reciprocal tariffs, are credited with securing trade deals with the EU, Japan, and others, positioning the U.S. favorably in global trade. The EU accepted a 15% tariff, and countries like the UK received lower levies (10%) for early compliance. These deals are seen as strengthening U.S. economic leverage without causing the predicted market collapse.
    • A 2024 study cited by the White House claims Trump’s first-term tariffs strengthened the economy and led to reshoring in industries like manufacturing and steel.
White House statements and supportive sources (e.g., The Telegraph) emphasize that Trump’s policies—tariffs, tax cuts, deregulation, and immigration restrictions—are driving a "golden age" of economic growth, job creation, and global trade dominance. The 3% GDP growth in Q2 2025, low inflation, and stock market highs are cited as proof, with tariffs framed as a successful tool for reshoring jobs and securing trade deals.
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BOOM!!!
 
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TOP said:
Pesky details...
(If you see Tbird, tell him that in addition to all the details, coffee is on sale Everywhere this week...;))
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Keep cheering Trumps tariffs ARE NOT all put in place YET, and when or should I say the flip floppier in chief ever puts them on it will take a month or two to work through the supply chain before prices go up.
You should take an economics course.
 
TOP said:
I'm good with coffee until at least December...lol The teacher's lounge should be good until the end of September...;)
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Avocadoes are back within 2 cents of their former price now. Amazing how the prices suddenly drop when people just refuse to pay the fake inflated prices.

Their moms or the rest homes do all their shopping; they don't have the first clue about prices.
 
FastLane said:
I have noticed that they are lowering in price. I guess I'll be making guacamole for football games this season. :laugh: I refuse to pay inflated prices and choose other snacks instead.
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Yes. The weird part was the prepped guacomole didn't rise in price around here. lol it's still actually cheaper than the fruit now. Of course it's been processed, so a purist wouldn't by the prepped stuff. I buy the large ones and have one or two for breakfast every morning. I bought the big bags of guac at Sam's for a while, though.
 
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EdwinA said:
Yes. The weird part was the prepped guacomole didn't rise in price around here. lol it's still actually cheaper than the fruit now. Of course it's been processed, so a purist wouldn't by the prepped stuff. I buy the large ones and have one or two for breakfast every morning. I bought the big bags of guac at Sam's for a while, though.
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Again stupid, Trumps tariffs haven't worked through the supply chain, give it time.
 
EdwinA said:
Avocadoes are back within 2 cents of their former price now. Amazing how the prices suddenly drop when people just refuse to pay the fake inflated prices.

Their moms or the rest homes do all their shopping; they don't have the first clue about prices.
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Very good point... And my point
is there are always good sales...You might be right about who's doing the shopping... Is way too many people don't know how to shop...for anything...
 
Tbird19482 said:
I will put my collage credits up against yours any day.
When you have over 364 come back and we will talk.
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I wasn't socially promoted like you; I went before the seat warming waves of loan shark victims dumbed down classes in your generation, gimp. 364 hours of being socially promoted doper dumbassery doesn't impress, it just means you're obviously slow and had to take a lot of remedial classes just to pass the ACT to get into Jr. College.
 
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