Donald Trump's Economy

[Synthaholic]

Canadian purchases of U.S. liquor dropped significantly​

A new U.S. report shows that Canadians have bought significantly less liquor from south of the border.

The Distilled Spirits Council of the U.S. (DSC) says that transactions were down 85 per cent in the second quarter this year.

 

[Synthaholic]

This seems important.

 

[Synthaholic]

Even Three Toes knows that Trump has ruined President Biden's beautiful economy.

 

[Synthaholic]

 

[Synthaholic]

Oh, wow. You mean he lied?

 

[Mac1958]

Oh, wow. You mean he lied?

I hope I never take his constant lies for granted. It's tough, given the sheer volume.

Right now, estimates for GDP growth for 2025 are at about 1.80%. But if you back out AI capital spending, it's flat or down a bit. AI spending, by and large, is not particularly affected by the tariffs, so it's keeping the numbers looking decent.

In a vacuum, that's not a good sign. But I've long since given up trying to make assumptions on the economy. It's something that deserves to be watched, though.

 

[Hafar1014]

I hope I never take his constant lies for granted. It's tough, given the sheer volume.

Right now, estimates for GDP growth for 2025 are at about 1.80%. But if you back out AI capital spending, it's flat or down a bit. AI spending, by and large, is not particularly affected by the tariffs, so it's keeping the numbers looking decent.

In a vacuum, that's not a good sign. But I've long since given up trying to make assumptions on the economy. It's something that deserves to be watched, though.

GDP Is 3.8%
The United States' nominal GDP was approximately $30.5 trillion in the second quarter of 2025, according to the Bureau of Economic Analysis. The most recent quarterly report showed a 3.8% annualized growth rate in real GDP during the second quarter of 2025, following a slight decline in the first quarter.

 

[Synthaholic]

 

[Hafar1014]

This makes no sense at all since the two topics are not related

 

[Synthaholic]

 

[Synthaholic]

 

[Mac1958]

Our tariffs haven't been this high since the 1930's.

1930's. Hmm. That rings a bell. Weird.

 

[gipper]

It’s about to get much worse, if he completes his term in office.

A nation buried in debt is a nation controlled by powerful forces who intend to impose their will on the people, destroying any sense of democracy and rule of law.

 

[sealybobo]

Rep. Marjorie Taylor Greene (R-Ga.) is ramping up her criticism of GOP leadership during the government shutdown by warning that Republicans could lose the House if they don’t keep their promise to decrease the cost of living.
“I can’t see into the future, but I see Republicans losing the House if Americans are continuing to go paycheck-to-paycheck,” the lawmaker told Semafor in an interview Monday.

If the economy was doing good she would be talking about the Epstein File. She wouldn't be talking about a bad economy if we were experiencing a good economy.

Voters will “definitely be going into the midterms looking through the lens of their bank account,” she said.
Greene argued that health care “should be the No. 1 thing that we’re working on,” predicting it will be “one of the top issues” in the 2026 midterms.

Affordable Care Act health insurance subsidies are due to expire at the end of the year, and if Republicans and Democrats don’t overcome their stalemate, premiums will more than double, on average, for over 20 million people.

Greene then suggested Speaker Mike Johnson (R-La.) had not delivered on a “so-called Republican plan” to iron out America’s health care woes.
“Mike Johnson is at the press conferences every morning saying that we’ve got pages and pages, or we’ve got a Republican plan — yet I haven’t seen one single page of the so-called Republican plan,” she continued. “I haven’t heard one single GOP conference call on this issue.”
“It’s like, where is it?” Greene added. “The Republican Party is failing.”
In an Oct. 6 X post, Greene railed at the GOP over health care.
“I’m not towing the party line on this, or playing loyalty games. … I’m carving my own lane,” she wrote. “Not a single Republican in leadership talked to us about this or has given us a plan to help Americans deal with their health insurance premiums DOUBLING!!!”

Asked about Greene’s tweet, Johnson told Fox News that he and his “friend” had a “thoughtful conservation” about her concerns.
“There are many Republicans that have been working around the clock on this,” he said earlier this month. “There has been a lot of work done on this. We have hundreds of ideas — literally on the table — to fix health care. To make it more affordable for the American people.”

 

[Synthaholic]

 

[Synthaholic]

Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump is calling Reagan’s words in this video “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much is left out of the ad. Watch this clip and read the full transcript:

Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now, there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing. And today, many economic analysts and historians argue that high tariff legislation passed back in that period, called the Smoot-Hawley tariff, greatly deepened the depression and prevented economic recovery.

You see, at first when someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works, but only for a short time. What eventually occurs is, first, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets.

And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.

Then the worst happens. Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs. The memory of all this occurring back in the 30s made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now, it hasn't always been easy. There are those in the Congress, just as there were back in the 30s, who want to go for the quick political advantage, who risk America's prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million American jobs are directly tied to the foreign export business, and additional millions are tied to imports.

Well, I've never forgotten those jobs. And on trade issues, by and large, we've done well.

 

[sealybobo]

Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump is calling Reagan’s words in this video “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much is left out of the ad. Watch this clip and read the full transcript:

Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now, there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing. And today, many economic analysts and historians argue that high tariff legislation passed back in that period, called the Smoot-Hawley tariff, greatly deepened the depression and prevented economic recovery.

You see, at first when someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works, but only for a short time. What eventually occurs is, first, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets.

And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.

Then the worst happens. Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs. The memory of all this occurring back in the 30s made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now, it hasn't always been easy. There are those in the Congress, just as there were back in the 30s, who want to go for the quick political advantage, who risk America's prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million American jobs are directly tied to the foreign export business, and additional millions are tied to imports.

Well, I've never forgotten those jobs. And on trade issues, by and large, we've done well.

Republicans have been brainwashed. Proof of it is when they say "Clinton signed NAFTA". They don't realize Reagan or his handlers were the architects of NAFTA. Bush 1 would have signed it but he lost. Who benefitted from NAFTA? American corporations. It allowed them to lower labor costs. They told Republican voters back then we'd get cheap shit from China and Mexico. Things we don't need to be making here. They also defended illegal employers saying they couldn't find Americans to do those jobs and "do you want to pay more at the grocery store"?

Don't forget Clinton put worker and environmental protections in NAFTA before he signed them. I'll bet you anything Bush removed those. How else did 1 million good paying manufacturing jobs go overseas?

Also don't forget Trump re negotiated NAFTA in his first term. So if you don't like NAFTA, it's Trump's NAFTA you you don't like.

 

[Synthaholic]

For the REAL Republicans.

 

[Synthaholic]

 

[Synthaholic]