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White House Economic Adviser: Democrat Led Shutdown Expected To Cut 4Q Growth In Half
Posted on 11/8/25 at 6:26 am
Posted on 11/8/25 at 6:26 am
quote:
The US government shutdown is inflicting “far worse” economic damage than had been estimated and could cut fourth quarter GDP growth in half, White House economic adviser Kevin Hassett has warned.
quote:
The 38-day shutdown, the longest in US history, is hitting travel, hotel and construction sectors particularly hard, he told Fox Business in an interview on Friday.
quote:
“We were going to have at least 3% growth in the fourth quarter… now we’re expecting something like half that,” he added. “Travel and leisure is a place that’s really being heavily hit right now,” Hassett noted, warning that if the shutdown continues to affect air travel employees’ wages for “another week or two,” the sector could face “a near-term downturn.”
Also, yesterday Fox Business reported that 80% of all New York City area air traffic controllers are regularly calling in sick.
7
Posted on 11/8/25 at 6:31 am to LuckyTiger
That was their whole point, the good news is they aren’t releasing another Covid, they’ll use shutdowns this time around to take out MAGA and get back in the majority
Posted on 11/8/25 at 6:32 am to LuckyTiger
The estimate for 4th qtr GDP was around 1.5% before the shutdown.
Posted on 11/8/25 at 6:37 am to frogtown
quote:
The repercussions of the shutdown could slice 1% to 1.5% from US GDP growth in the October-December period, Hassett said, citing recent estimates from Goldman Sachs.
Posted on 11/8/25 at 6:38 am to LuckyTiger
quote:
80% of all New York City area air traffic controllers are regularly calling in sick.
For once I’m happy with federal employees not working.
Posted on 11/8/25 at 6:48 am to LuckyTiger
Anything they can do to hurt the Trump legacy.
He has broken their entire party.
Democrats care more about Illegals, Orange Man Bad than the American People.
He has broken their entire party.
Democrats care more about Illegals, Orange Man Bad than the American People.
Posted on 11/8/25 at 6:50 am to LuckyTiger
Are you kidding me...2 sides to every coin.
Posted on 11/8/25 at 6:50 am to CamdenTiger
quote:
That was their whole point, the good news is they aren’t releasing another Covid, they’ll use shutdowns this time around to take out MAGA and get back in the majority
They don’t need shutdowns for that. Nobody rallies Democrats to the polls for Midterms more than Trump. He does it to himself. He’s his own worst enemy.
Posted on 11/8/25 at 6:51 am to LuckyTiger
quote:
The repercussions of the shutdown could slice 1% to 1.5% from US GDP growth in the October-December period, Hassett said, citing recent estimates from Goldman Sachs.
That is cool, but you need to go back and look at the estimates from these brokerages and money center banks before the shutdown occured.
They all had 4th qtr 2025 GDP estimates between 1.0% to 2.0%. All of them.
This post was edited on 11/8/25 at 6:53 am
Posted on 11/8/25 at 8:18 am to LuckyTiger
More proof that government is too damn big.
Posted on 11/8/25 at 8:19 am to LuckyTiger
If that much of the GDP is tied to the Federal Government, WE HAVE A MAJOR PROBLEM
Posted on 11/8/25 at 8:19 am to 50_Tiger
That was my initial reaction 
Posted on 11/8/25 at 8:21 am to SlowFlowPro
Its like the actual canary in the coal mine. Sadly, I dont expect this administration to do anything about it.
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