THIS IS TERRIBLE.....

FOR DEMOCRATS​

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit​


The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as weak consumer spending amid tariff concerns.

Financial markets reacted little to the report, with stock index futures mixed and Treasury yields higher.

“The word of the summer for the economy is ‘resilient,’” said Heather Long, chief economist at Navy Federal Credit Union. “The consumer is hanging in there, but still on edge until the trade deals are done.”

The period reported Wednesday includes President Donald Trump’s April 2 “liberation day” tariff announcement. Imports had jumped in the first quarter as companies sought to get ahead of the announcement.

Over the past three months, Trump has been engaged in multiple rounds of saber-rattling and often intense negotiations with U.S. trading partners that have jangled nerves but nonetheless coincided with a subdued but solid pace of economic growth.

The talks have largely resulted in tariffs well above where they were at the beginning of the year but not as severe as initially proposed.

Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period. While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1......

============================================

How could such a terrible thing happen. A GDP increase is terrible news for those that said we would be in recession by now. How could this possibly happen? Tbird's head is going to explode.

:yayaseesathreadban:
Democrat reaction to this good news:
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Yes, they really are that pathetic and that stupid. ;)
 
Only if Trump can get past this Epstein thing. So far he's not done well on that. He looks like a five year old with a cookie hidden behind his back and chocolate stains on his face telling his parent he doesn't know what happened to the cookies.
There is nothing to get past. It's a huge nothing burger that will die as more information comes out.

The stench hypocrisy of suddenly caring after four years of Biden will linger on with the Democrats for a decade.
 
Just remember the BBB hasn't kicked in yet and only a few of Trumps tariffs are in place. We have to wait and see if Trump does a flip flop on his tariffs or if he actually does put them on then see what happens.
Right now isn't the time to be cheering, now if this was the third or fourth quarter and it was this high then I would even cheer but we aren't there yet and have to wait an see what Trump does.
The economy will just get jump started when the BBB kicks in. The effects are already being felt.

Meanwhile back at DNC headquarters:
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Latest GDP report is "hiding the economy's true performance"​

Consumer spending, which powers about 70% of the US economy, picked up sharply in the second quarter to a 1.4% rate, up from the anemic 0.5% in the first quarter. But, combined with the previous data, it marks the two slowest quarters of spending since the pandemic.


Meanwhile, businesses slowed their spending sharply during the same period, to 1.9% from 10.3%, mostly reflecting a recalibration from the front-running earlier in the year.


And a key gauge of underlying demand in the economy — real final sales to private domestic purchasers, also referred to as “core GDP” — slowed in the second quarter to an annualized rate of 1.2%, the weakest pace since the fourth quarter of 2022, down from 1.9% earlier in the year.


“Headline numbers are hiding the economy’s true performance, which is slowing as tariffs take a bite out of activity,” Kathy Bostjancic, chief economist at Nationwide, said in commentary issued Wednesday.

....BUT.....CNN says......
boy-meets-world-laughing.gif
 
NO you are cheering it going up in the second quarter and Trump didn't pass the BBB till in the 3rf Q and still hasn't decided if he will put his huge tariffs on.
We will have to wait till the end of the year to see if they do any damage or not .
And if there is good news like this then you can cheer .
That is all I am saying.
Translation:
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The DEMs are NOT the ones that pushed the BBB through Congress and aren't the ones cutting a lot of federal programs the hard working , and the poor need.
It wasn't the DEMs that cut funding for FIMA either.
It isn't the DEMS that are going to make the price of just about everything you buy to go up it is Trump and the stupid MAGA like you.
Translation:
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I believe in actual results. "Climate scientists" told us that we had to get rid of CFC's to fix the hole in the ozone layer. We did. They said in 20 years the hole would be gone. Well, it's been 30 years and it's just as big or bigger than ever...


No, that's why I never wore one with one exception, when a customer I was doing a service call for requested I wear one. That's common courtesy.


Yes, the planetary climate can and does change. That doesn't mean it's caused by human activity.


It probably makes them fell good for a second during their otherwise meaningless life.


If you are Progressive Leftist you sure do! Hell, if you're a Progressive Leftist you're probably involved in deviant sexual behavior!
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Yes, Epstein was part of the celebrity party crowd in the 1980's.

Did you have some sort of point to make?

Remember - Trump banned Epstein, while Bill Clinton was flying to have little girls, While Bill Gates was his best client. While Bobby De Niro was flying to pedophile island to have sex with goats and sheep.

While half of Hollywood and most of the DNC were using the "Pimp of DC" on a regular basis.

That post ^^^ is so full of crap you could have scraped it out of one of trump's used diapers.

Everyone knows that trump and Epstein were like this ------> 🤞🏼

Not the case with Clinton or Gates or anyone in the DNC.

Play all the whataboutism and fabricate all the alternative facts you want to, but everyone knows who
Epstein's BFF was.

He's the same fat orange turd who's standing in the way of releasing the client list.
 
That post ^^^ is so full of crap you could have scraped it out of one of trump's used diapers.

Everyone knows that trump and Epstein were like this ------> 🤞🏼

Not the case with Clinton or Gates or anyone in the DNC.

Play all the whataboutism and fabricate all the alternative facts you want to, but everyone knows who
Epstein's BFF was.

He's the same fat orange turd who's standing in the way of releasing the client list.

LOL

You remind me of a two year old that had never been disciplined.

All screaming and fury with zero substance.
 
No surprise a sack-licker would assume that a sleazeball like trump who wears his sleaze under everyone's nose, did nothing wrong.

And I shouldn't even say you assume that, since you probably sense he's guilty just like everyone else.

It's just that you trumpers are so dishonest and lacking of integrity, you'll swear his innocence till the bitter end, regardless of what you really believe.
Why wasn't anything Epstein related ever released under the Autopen Regime? If there's such "damning info against Trump" "in the files", why wasn't it all used and released prior to Trump's re-election to stop him from getting re-elected?

Answer: BECAUSE THERE'S CLEARLY NOTHING AGAINST TRUMP!!!!!!
 
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