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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHe destroyed a Great economy in weeks
Trump HAS DESTROYED THE US ECONOMY. Atlanta Fed now expect a 2.8% CONTRACTION in US Economy.
The Atlanta Feds GDPNow model now estimates U.S. real GDP growth for Q1 at -2.8%, down even further from last weeks forecast of -1.5%. Just a month ago, the estimate was about +4%.
NewHendoLib
(61,837 posts)DENVERPOPS
(13,003 posts)I hate to "Awaken" you even more, but you AIN'T SEEN NOTHING YET".....they are just getting started......
The only redeeming thing, in my way of thinking, is that his 70+ million Trumphumping voters are gonna get creamed even more than the rest of us.....
I loved it, in Trumps rallies for weeks before the election, when he said; "Vote for me this time, and you will never need to vote again"
And all 70+ million were so fucking ignorant and stupid to realize what he was saying..........
And I enjoy all of them whining their heads off already.....LOL and I ESPECIALLY want to tell them all:
"YOU, AIN'T SEEN NOTHING YET"............You are being thrown under the bus, now that you serve no useful purpose to Trump or the Republican Party..........
Klarkashton
(5,278 posts)He wanted to stay out of jail and take revenge on the whole country.
OMGWTF
(5,126 posts)kimbutgar
(27,229 posts)Security and Medicare.
I brought all my big ticket items before the jackasses got in the White House. Only buying necessities now.
cilla4progress
(26,525 posts)and moved money into out of investments and into MMAs
FalloutShelter
(14,437 posts)Johnny2X2X
(24,162 posts)And that will work with the media parroting it.
BrianTheEVGuy
(697 posts)but people arent going to buy it.
Bengus81
(10,146 posts)CatWoman
(80,288 posts)Government shutdown looms as Trump tries to assert new spending powers
Funding will expire in less than two weeks if lawmakers dont extend the deadline.
Congress has less than two weeks to extend federal spending laws and keep the government open, but now a clash over President Donald Trumps attempt to seize powers the Constitution delegates to lawmakers threatens to stall talks and force a shutdown.
Republican negotiators walked away from talks over the weekend to reach a deal on a top-line number on how much the federal government should spend for the rest of the 2025 fiscal year, which runs through Sept. 30. Democrats had said that number is irrelevant if Trump refuses to spend the money in accordance with the law or if he empowers billionaire Elon Musk and his U.S. DOGE Service to terminate federal contracts and lay off tens of thousands of federal workers without regard to Congresss wishes.
https://archive.ph/16VU8
BlueHurricane
(77 posts)That was quick.
BrianTheEVGuy
(697 posts)cilla4progress
(26,525 posts)orders!
Grins
(9,439 posts)Until it hits the mouth-breathers who voted for this idiot good and HARD!
turbinetree
(27,485 posts)martial law is coming...............that's the only way they can stay in power now...............
bmichaelh
(1,170 posts)GOP President, who was a failed businessman, destroys the economy
Democratic President follows and fixes it.
When will the American voter learn.
OMGWTF
(5,126 posts)azureblue
(2,725 posts)Their boy is going to cost them money. They will try to rein him in, but he will resist because he is King. And a bull in a china shop. Not a bull in the sock market. Buy popcorn...
Bettie
(19,655 posts)he has a LOT more destruction planned before he's done! He wants us all living in cardboard boxes before he can truly declare victory.
Godot51
(774 posts)... when he says that the U.S. economy is failing and we definitely need the oligarchs to take over and put it straight before the middle, working, and poor income earners get a little ahead.
ashredux
(2,927 posts)The coming downturn will make 2008 look like a picnic . Buckle up kids its gonna be a bumpy ride.
usonian
(25,099 posts)Share with your maga buddies at the diner.
OVER SCRAMBLED CARDBOARD AND BACON.
Also, leave a FAFO flag, as a calling card.
As in Im calling you a sap for believing that jackal
https://www.democraticunderground.com/100219770873
Botany
(77,254 posts)Surprise!
BTW watch him cancel the tariffs before they
go into effect tomorrow
Nulock
(39 posts)It might of been "great" for the top 20%, but not so much for the rest. I get where you're coming from though. Trump, Musk, and the rest of the Trump regime along with Republican barbarians in Congress will make it much worse for most. The mindset from some that they are immune from it all will definitely be on the wane. And nobody should ever forget for a second that the ruling class economic pirates want to keep the masses distracted on a hundred different issues while they loot and strip this country clean.
Bluetus
(2,743 posts)There are often debates about just when the new administration can reasonably be held accountable. After all, the normal case is that they come in with moderate shifts in policy, and those may take 6 months to get into legislation, and another 6 months to show in real world data.
This is completely different. Trump is coming in with radical policies, immediately shutting down agencies and imposing big tariffs on our biggest trading partners. All those government agencies he is sabotaging put money into the economy. By tariff-mongering, this causes businesses to pre-stock, to get goods into inventory before the tariffs cut in. Individuals have been operating on a "wea;the effect" mentality for years given a sustained boom in the markets. But that is crashing. Just today, when Trump reiterated tariffs, the market immediately dropped 3%.
Experts are saying that car prices will jump 5-10% very quickly. That doesn't mean people will pay 10% more. It means they will stop buying cars. Building materials are going up with the tariffs on Canadian lumber, so housing starts will suffer.
All of this in 40 days. A Trump recession is not just a possibility, it is now looking highly likely. Fortunately the financial press is a lot more honest than the mainstream pop culture/politics (with Trump, politics IS pop culture and is reported as such). The financial people are serious because they are talking about real money. For example, here is Forbes talking very plainly about that Atlanta projection mentioned in the OP.
https://fortune.com/2025/03/01/us-economy-recession-outlook-q1-gdp-contraction-trump-tariffs-doge-job-cuts-consumer-spending-inflation/
Billionaires are propping Trump up. We;ll see how they change their tune with things start crashing.
Kablooie
(19,103 posts)How'd that work out for ya?
ck4829
(37,673 posts)Irish_Dem
(81,118 posts)He is doing it for Putin and for himself.
Trump is somehow making a great deal of money on crashing the US economy.
C_U_L8R
(49,351 posts)(not that I'm going to watch) but what kind of bullshit is he going throw out as diversion to his economic fuckups?