On our way to a MAGA recession - only took one quarter lol

[multivita-man]

https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html

The first quarter is on track for negative GDP growth, Atlanta Fed indicator says​

Early economic data for the first quarter of 2025 is pointing towards negative growth, according to a Federal Reserve Bank of Atlanta measure.

The central bank’s GDPNow tracker of incoming metrics is indicating that gross domestic product is on pace to shrink by 1.5% for the January-through-March period, according to an update posted Friday morning.

Fresh indicators showed that consumers spent less than expected during the inclement January weather and exports were weak, which led to the downgrade. Prior to Friday’s consumer spending report, GDPNow had been indicating growth of 2.3% for the quarter.

Owning tha libs is fun...until it's a self-own. Then it's not so fun anymore. Way to go you fucking MAGA-tard dipshit motherfuckers.

 

[The Duke]

OP is dead wrong.

 

[multivita-man]

OP is dead wrong.

Take it up with the number crunchers. I'm sure MAGA Jesus will come after every single economic statistician in the federal government before too long. The last thing he wants is an honest assessment of his economic incompetence.

 

[Tumblin Tumbleweed]

OP is dead wrong.

No it isn't. WTF is wrong with you?

 

[1srelluc]

The US economy is projected to grow by 2.1% in 2025, slowing from the previous year, but remaining the fastest growing G7 economy. The positive outlook is supported by President Trump’s proposed tax cuts and deregulation, which are expected to bolster business and consumer confidence.

Global Economic Outlook: Q1 2025

Explore the global economic outlook for Q1 2025. Discover key…

www.euromonitor.com

Meh, not great, not bad.

 

[multivita-man]

The US economy is projected to grow by 2.1% in 2025, slowing from the previous year, but remaining the fastest growing G7 economy. The positive outlook is supported by President Trump’s proposed tax cuts and deregulation, which are expected to bolster business and consumer confidence.

Global Economic Outlook: Q1 2025

Explore the global economic outlook for Q1 2025. Discover key…

www.euromonitor.com

Meh, not great, not bad.

Nah. We went from projected 2-3% GDP growth in Q1 to negative growth in Q1. That's a massive deceleration. People have suddenly stopped spending because of layoffs in the public sector, slowed hiring in the private sector, and tariffs --> inflation. MAGA owns 100% of this.

 

[shockedcanadian]

https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html

Owning tha libs is fun...until it's a self-own. Then it's not so fun anymore. Way to go you fucking MAGA-tard dipshit motherfuckers.

It's easy to feign economic activity through debt and government jobs.

If Trump applies tariffs and boosts some industries and former government employees work in the private sector, Trump will have dominant numbers from the year 2 onwards. It takes a few months, but the dollars will come in from the private sector/

 

[TroglocratsRdumb]

What recession?

 

[multivita-man]

It's easy to feign economic activity through debt and government jobs.

If Trump applies tariffs and boosts some industries and former government employees work in the private sector, Trump will have dominant numbers from the year 2 onwards. It takes a few months, but the dollars will come in from the private sector/

No, they won't because Trump doesn't understand how to make tariffs work. He's repeating the same mistakes he made during his first term. He's just slapping tariffs on countries randomly, to make himself appear like some sort of tough guy.

I've actually disagreed with some neoliberals who've argued that tariffs can't work - I don't agree. I think tariffs actually could be a good thing, if they are applied with some forethought in mind. But Trump isn't doing that at all.

I will give Trump credit for standing up to China, for making not only us but our allies reevaluate our trade and political relationships with China. I also think he has, like it or not, done a better job of controlling the inflow of migrants than Biden. I can give him credit for things he does right. I still think he's going to be a disastrous president, though, and it's because he won't listen to experts, and now he has nothing but yes men surrounding him.

 

[Godboy]

https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html

Owning tha libs is fun...until it's a self-own. Then it's not so fun anymore. Way to go you fucking MAGA-tard dipshit motherfuckers.

Obama claims Trumps economy was his. "That wasnt his great economy, it was mine" he said. Now youre saying that Trump owns THIS shitty economy 1 month in? Nah dude, that aint gonna fly.

 

[Missourian]

https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html

Owning tha libs is fun...until it's a self-own. Then it's not so fun anymore. Way to go you fucking MAGA-tard dipshit motherfuckers.

Sorry, Democrats redefined recession during the Biden years.

Negative growth no longer matters.

It isn't a recession until we say it is.

Link to follow.

 

[Tumblin Tumbleweed]

Obama claims Trumps economy was his. "That wasnt his great economy, it was mine" he said. Now youre saying that Trump owns THIS shitty economy 1 month in? Nah dude, that aint gonna fly.

Too fucking bad. Magaturds created this media-driven shit show. Drown in it.

 

[shockedcanadian]

No, they won't because Trump doesn't understand how to make tariffs work. He's repeating the same mistakes he made during his first term. He's just slapping tariffs on countries randomly, to make himself appear like some sort of tough guy.

I've actually disagreed with some neoliberals who've argued that tariffs can't work - I don't agree. I think tariffs actually could be a good thing, if they are applied with some forethought in mind. But Trump isn't doing that at all.

I will give Trump credit for standing up to China, for making not only us but our allies reevaluate our trade and political relationships with China. I also think he has, like it or not, done a better job of controlling the inflow of migrants than Biden. I can give him credit for things he does right. I still think he's going to be a disastrous president, though, and it's because he won't listen to experts, and now he has nothing but yes men surrounding him.

He is hitting China with another 10%, to be 10+10 on top of the original tariffs.

He is collecting revenue while forcing importers to buy local. It has to happen once the threshold is met.

 

[White 6]

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"Owning tha libs is fun...until it's a self-own. Then it's not so fun anymore. Way to go you fucking MAGA-tard dipshit motherfuckers."
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