I depend on the piddling bit I get from social security disability, but what scares me more is my best friend with cancer who relies on Medicaid, and the disabled vets in my family.
China smells his weakness and will probably attack Taiwan. This will mess up supply chains for years
Trump is going to fuck the economy in ten different directions
“The pain you are feeling now started January 21, 2025. The president undid Biden‘s presidency through executive action.
Also, the GOP has both the house Senate, courts, & the executive office. The dims have no voting power. We literally cannot do anything stop what’s going on.”
Dem officials need to make sure that everyone knows this, go on Fox News & say we don’t have any voting power, we can’t do any of this.
Something that sends home the message that this is only Donald Trump and nobody else. Because they’re still trying to spin Biden is at fault because he just left.
NO, he's a shitty businessman who's failed at EVERY business he's ever had. He bankrupted 2 casinos in the 80's. It took a special kind of stupid to do that
Didn't Elon just spout off about how the GDP isn't a great gauge of the economy's health and we should be looking at other metrics. Hmmm, I don't know why I brought that up, seems unrelated.
Help get this out. Repost everywhere, FB, Instagram, Tictoc, every platform. Also, post in comment sections. Post 100+ times. This needs to be huge. Print it out and place on cars in parking lots. We need to let them know how we feel. And SHOW UP!!!
While this is an important graph, and does show a troubling prediction from an authoritative source, I object wholeheartedly to the zero not being located in the middle of the graph. Even when it supports my position, I do not support visual data manipulation.
The everything bubble needs to pop. Let's get it down sooner before more damage is done. Transfer funds from stocks to cash equivalents in your retirement funds. Nothing but a complete market crash can stop JD and Elmo now.
He doesn't care, poorer folks are easier to control... they can't afford lawyers. 🤷
Nero sent goons pretending they were drunk to burn down Rome (there 𝘸𝘦𝘳𝘦 no fiddles in Nero's day but Rome 𝘥𝘪𝘥 burn at his command).
T*u*p sent out Musk to burn 𝘈𝘮𝘦𝘳𝘪𝘤𝘢 to the ground! https://en.wikipedia.org/wiki/Great_Fire_of_Rome
History tells us how this'll play out.
"According to Tacitus and later Christian tradition, Emperor Nero blamed the devastation on the Christian community in the city, initiating the empire's first persecution against the Christians."
It won't be Christians this time but he'll find 𝘴𝘰𝘮𝘦𝘰𝘯𝘦 to blame.
We’re already boycotting US goods, to support our own here in Canada, because we can see this coming. Tariffs expected to kick in tomorrow. That means inflation, shortages, job losses. You voted for this. Repent at leisure.
Trump is betting on a "War" economy to carry the United States of America for the foreseeable future, because this is where he's leading the country. He's selling a virtual or alternate reality in which wrong is right to the American people and too many morons are buying it.
He doesn’t care. It might be done on purpose, check the playbook for dictatorship - a nation of poor, scared people is easier to steer into an authoritarian regime.
As I have been predicting. And he was handed such a healthy economy from Biden, just as in 2017 (his first term) he was handed a great economy from Obama. He ruined the economy last time and he is about to do it again. And republicans are better with the economy??
Yeah, the mess in 2008 that Obama took 2 terms to turn around due to republican obstruction, then trump steps in and ruins it. Then Biden starts to restore the economy. Now Trump is trashing it again. How is it he has such a biz wiz reputation when he’s had so many bankruptcies?
How does he have a reputation as a beacon of Christianity when he represents all of the deadly sins and wouldn't be able to pass through the Grand Canyon, let alone the eye of a needle.
Were heading for a recession... massive layoffs... inflation...removal of benefits... people will stop spending. You can't cut that many jobs and government spending without consequences. Trump is too brain dead to think past his own nose.
He manages to deny the numbers behind global warming; these economic stats will be child's play for Trump to gaslight on. It'll be Biden's fault, then Zelenskyy's, then Europe's but never Donald's.
This might be a good talking point but I wouldn’t get too excited. It looks to me like the model might be picking up a large increase in imports to beat tariffs which knocks down GDP in the calculation. If so, it will likely be made up in Q2
Actually. That was true Friday, but the revision today is based on personal expenditure growth and private fixed investment. So this could be meaningful
Sorry, but not sorry. Elections have consequences. Across the pond, a huge movement about boycotting American goods are blowing at full steam. Not to mention European nations looking to buy military hardware elsewhere. The military industrial complex won’t be pleased with Trump…
I asked the question today where will Ireland be buying their new planes and ships from and I cheered to learn it will be European suppliers not American. But I’m pretty sure the US will still make money on it somewhere along the line but not as much as they want to!
They will live. But it is incredibly short sighted - the same with closing down USaid. It gave them so much leverage. But with dumb and dumber at the wheel, they will have to learn the hard way.
I’m actually starting to believe they are dismantling US aid under Russian orders to destabilise the EU making it ripe for picking and dividing among the crackpots.
You could very well be right. The amount of goodwill the US has received in dozens of poor countries around the world has been a thorn in the side of both Russia and China for decades. They couldn't get a foot in. Now it's theirs for the taking.
Remember folks! As my old mentor used to ask, what is a financial contraction? Answer pre recession or already there! It proof of action and cause! The One word answer is Trump! Period
It's Obama's fault. Lol
The Democrats have deep-state agents sabotaging him. Sleepy Joe woke up and did this to him. It hasn't been 6 months yet, because according to him it takes 6 months for the economy to be his fault.
Not an economist myself, but I’ve been predicting a pretty major recession on the way, if not a full depression, so this sounds pretty realistic. Trump, Vance, Musk and Vought own this.
Isn't the contraction mostly due to outsized imports to front run the tariffs. I believe there are other data points that show it rather than this like consumer confidence and spending drop. The PCE and CPI. I will wait a bit for more data to call it.
Wide scale job loss has a big community impact. Nothing the current administration even thinks about. The orange idiot prez & co steers straight for a US recession, taking the world economy down with him.
If this estimate holds, it could mean economic contraction, which would impact jobs, spending, and policy decisions. But it’s just a model—let’s see what the next update (March 6) says.
I wish Kamala had won and we wouldn't be in this mess. Some people can't learn unless they experience pain. Too bad the rest of us have to suffer along with the stupid
This isn't random errors. Musk, Vought, etc. said plainly that inflicting harm, pain, and misery was built into their plans, because it's supposed to have salutary effects down the road. Sort of like bleeding a patient and making them vomit repeatedly was supposed to heal them.
Remember that president musk warned that they were going to crash the economy, all in the name of making things better which has yet to be seen, of course.
Not just trump, but every sorry excuse for a human being who put him there. They are ALL responsible. They have condemned us all, and laughed the whole time doing it.
We tried to warn everyone when experts said we would go into a recession by mid 2025 if trump got elected. They didn’t listen and now we have to eat a big shit sandwich. But at least everyone gets to stockpile guns and ammo during all this.
That could and probably will backfire spectacularly on the global scale what with the bonds and treasuies markets and the true value of the dollar becoming obfuscated.
We were already seeing mass dumping of bonds and treasuries, cooking the books will supercharge the dump.
This is what Trump and Musk want. Prior to the election, Musk said that in order to improve the economy it has to be crashed first.
He also said we Americans will have to learn to live within our means.
Rich words coming from a man that is on the teat of the U.S. taxpayer.
Who voted for this??
I just wanted to add that this is an estimate of Real GDP, and most competent economic analysts would say it likely ~overestimates~ the CY2025 Q1 growth rate (i.e. it’s worse).
And this is independent of the reported Trump/Musk regime action to remove public spending from official GDP calculation.
Trump will do everything he can to hide the reality of GDP contraction, increasing unemployment, and consumer confidence. It will work for a short while but that house of cards will collapse very badly and put us a second Great Depression. Protect yourselves economically, it’s gonna hurt everyone
Because it's essential for dictatorship to starve the population in order to control with mer scraps. Get rid of the waste-poor, elderly, disabled keep the slave workers to continue the oligarchy & authoritarian regime
Authoritarian regimes are systems of government that have no established mechanism for the transfer of executive power and do not afford their citizens civil liberties or political rights.
And that's one of the FIRST signs of a democracy being dissolved. No free speech. Democracy is established on the premise of free speech to criticize the government without retaliation of government. It's essential. Without it there is no democracy. I wish people would pick up a damn book!
How could massive firings, contract and grant terminations, tariffs, inflation, and general chaos do anything *other* than collapse the economy? Musk said clearly during the campaign that was his goal, inflicting a lot of pain and misery, in service of his bigger agenda.
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Trump is going to fuck the economy in ten different directions
Also, the GOP has both the house Senate, courts, & the executive office. The dims have no voting power. We literally cannot do anything stop what’s going on.”
Any Dem on Fox.
Something that sends home the message that this is only Donald Trump and nobody else. Because they’re still trying to spin Biden is at fault because he just left.
Depression in 2026.
Y = C(Y) + G + I -T
The variables in this equation refer to the economy of Europe as a whole.
MEGA. Make Europe Great Again.
I want a MEGA hat!
As long as he stays out of jail, grifts millions of $$, and gets to play golf, it doesn't truly affect him.
Nero sent goons pretending they were drunk to burn down Rome (there 𝘸𝘦𝘳𝘦 no fiddles in Nero's day but Rome 𝘥𝘪𝘥 burn at his command).
T*u*p sent out Musk to burn 𝘈𝘮𝘦𝘳𝘪𝘤𝘢 to the ground!
https://en.wikipedia.org/wiki/Great_Fire_of_Rome
"According to Tacitus and later Christian tradition, Emperor Nero blamed the devastation on the Christian community in the city, initiating the empire's first persecution against the Christians."
It won't be Christians this time but he'll find 𝘴𝘰𝘮𝘦𝘰𝘯𝘦 to blame.
This benefits them and turns America into a garage sale for the wealthy.
Every time the US has undergone a recession in recent times, the wealthy have become wealthier
Tax cuts for the rich, crpto scams, recession... who is he making America great for?
https://bsky.app/profile/aaronsojourner.org/post/3lj272p4aps2g
The drop on Friday was net exports & personal consumption expenditures (PCE).
Today's drop is more bad news re PCE, residential investment, and equipment.
It ain't a change in Government Spending driving it.
https://www.atlantafed.org/cqer/research/gdpnow
Y = C(Y) + G + I -T
The variables in this equation refer to the economy of Europe as a whole.
The Democrats have deep-state agents sabotaging him. Sleepy Joe woke up and did this to him. It hasn't been 6 months yet, because according to him it takes 6 months for the economy to be his fault.
Government spending has a ton of economic effects, pulling back on it affects the entire country’s economy.
- "News" everywhere
Meanwhile, the GOP is watching and cheering on...
...US prez leader of the free world?
Yes, Elon fires them next.
The rules don't seem to apply to him.
They are like a poorly programmed Tesla at night on a dirt road in full self drive mode.
We were already seeing mass dumping of bonds and treasuries, cooking the books will supercharge the dump.
He also said we Americans will have to learn to live within our means.
Rich words coming from a man that is on the teat of the U.S. taxpayer.
Who voted for this??
And this is independent of the reported Trump/Musk regime action to remove public spending from official GDP calculation.
(Firing the weather reporters / meteorologists)