Bad news

The quarter that was always set up to be good is good.
yuge
The first half of the year has now been upgraded to mediocre.
 
We're talking about the exact same second quarter I told you was going to look good months ago, Grandpa. I notice you don't want to mention that GDP shrank in the first quarter.
Third quarter GDP might stay above 2%, if affluent Americans keep spending and businesses at least retain their workforces. I wouldn't bet on it though. Non-affluent Americans have basically cut spending, and no significant amount of new hiring is happening.
For the entire year, we'll be fortunate if GDP growth was 1.7% or better.
We're in a two-speed economy. The haves are propping it up, for now. Most people are tightening their belts.
 
I don't need to mention the first quarter because America Last was all over it. That was the awesome Biden economy you girls pine for
What set up the 2nd quarter was Trump
You're welcome
 
RaceBannon said:
I don't need to mention the first quarter because America Last was all over it. That was the awesome Biden economy you girls pine for
What set up the 2nd quarter was Trump
You're welcome
Click to expand...
As Gasbag pointed out at the time, the negative number was due to anticipating Daddy's tariff policy. So is the positive number you're crowing about today. The mediocre net result is all on Daddy.
Now reality sets in and we'll get that vaunted 19th Century prosperity. Congrats to us.
 
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Yes of course. The best quarter since early 2023 is Trump's fault. That's what I said
And Rick only won with Lambo players
Things retards believe
Too bad Biden didn't do that miracle economy for himself. Such a selfless sock puppet
But just you wait things will get bad despite every indicator including tariff policy trending up
Maybe stick to defending tranny kid killers
 
I know you hate data, Madam. But the import/export numbers aren't a state secret; even if Daddy fires the scorekeepers, the numbers remain. Now Daddy has imposed the equivalent of a national sales tax on hard working Americans who will pay higher prices for things in a slowing economy with fewer job prospects. But the affluent are still affluent.
This is the 19th Century you voted for. Just sit back and enjoy it.
 
it wasn't news to anyone paying the slightest bit of attention
we're well into the 3d quarter and the slowdown is evident
 
What data point are you looking at as your evidence of evident?
 
You could be right. But job growth not being higher in a full employment economy isn’t a great indicator. We just saw new jobs numbers from within q2 revised down and then we got a q2 gdp revision up.
 
Job growth is an imperfect predictor, but long term, you would expect a growing economy to be accompanied by job growth.
 
We’ve lost government and illegals jobs. And have gained in the private sector and US citizen buckets. And are flatish overall ina full employment economy. There’s a shit ton more to that number.
 
Bob_C said:
We’ve lost government and illegals jobs. And have gained in the private sector and US citizen buckets. And are flatish overall ina full employment economy. There’s a shit ton more to that number.
Click to expand...
Are you assuming those jobs contributed nothing to growth? I would definitely question that assumption. Even without more, people holding those jobs are also consumers and consumption too is down.
 
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Yes they contribute to growth in the way that GDP is defined. Also, I’d rather have 3.3% gdp with less government and foreign worker share in it than a 3.4% with heavier amounts of both of those. I’ll die on that hill.
 
I'll respectfully suggest that current policy isn't going to produce a mere tenth of a percent drop in GDP, and you're not going to be looking at anything remotely approaching 3.3 or 3.4% growth from this point on.
 
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AI is propping up the usual numbers even if those numbers can be believed. I would not believe any longer numbers published by the government.
 
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