U.S. Economy Shrank in First Quarter 2025; Trump blames Biden

[gfm7175]

Yeah those first twenty days were disastrous, but hey, your Messiah promised, day one, he was going fix everything, looks like he didn’t too well

Oh but he did... He died on the cross to save us from our sins, just as he said he would do.

 

[Walt]

I am amused when Biden liars pretend that his dissasterous last year had no effect on the first quarter.

In 2024, we had real growth of 2.8%, and inflation of 2.9%. 2.9% is a shade above the 2% we want, but not that much. Hardly "disastrous." In fact, the vast majority of the world envied us.

But it is equally amusing that economic dullards believe that Tariffs are the cause.

I would argue that uncertainty is the cause. trump loves chaos, but the economy hates it.

The tariffs are really going to hit the economy in Q4.

 

[Cypress]

I am amused when Biden liars pretend that his dissasterous last year had no effect on the first quarter.

2024 fourth quarter GDP when Biden left office was a healthy 2.4%. It was a robust 2.8% in the third quarter 2024.

The collapse down to negative growth GDP in the first quarter 2025 was remarkable and happened on Trump's watch.

 

[Into the Night]

In 2024, we had real growth of 2.8%, and inflation of 2.9%. 2.9% is a shade above the 2% we want, but not that much. Hardly "disastrous." In fact, the vast majority of the world envied us.

Argument from randU fallacy. Made up numbers are NOT DATA, Wally.

I would argue that uncertainty is the cause. trump loves chaos, but the economy hates it.

You are describing Democrats. You cannot blame Democrats on Trump.

The tariffs are really going to hit the economy in Q4.

Already falsified, Wally.

 

[Into the Night]

2024 fourth quarter GDP when Biden left office was a healthy 2.4%. It was a robust 2.8% in the third quarter 2024.

The collapse down to negative growth GDP in the first quarter 2025 was remarkable and happened on Trump's watch.

Looks like another new chant from the Democrats to mindlessly chant.

Argument from randU fallacy. GDP is not the economy. Redefinition fallacy.

 

[gfm7175]

2024 fourth quarter GDP when Biden left office was a healthy 2.4%.

Biden did not leave office at that time. Biden wasn't even actually running the government; that was a Shadow Government using an autopen.

It was a robust 2.8% in the third quarter 2024.

So?

The collapse down to negative growth GDP in the first quarter 2025 was remarkable and happened on Trump's watch.

It also happened at the tail end of "Biden's" (the Shadow Government's) watch.

As I already said, you are too intellectually lazy to look beyond the top-line number. Imports (temporarily) spiked through the roof, which is what caused the top-line GDP figure to be artificially low. Q2's GDP number will be MUCH higher than this one because imports will be MUCH lower than Q1. Investments are WAY up (but that got covered up by the temporary surge in imports). All in all, there's nothing to fear-monger about. The economy is definitely coming back!

This is also a good example of why the GDP is NOT the economy.

 

[Nordberg]

Trump does not care what economists say. His alzheimers makes him think he is always right. His father and many relatives had bad alzheimers. He is acting like it hit him, too. He will be difficult to corral for 3 and a half years.