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re: U.S. economy shrank 0.3% in the first quarter of 2025

Posted on 4/30/25 at 11:10 am to
Posted by Artificial Ignorance
Member since Feb 2025
1424 posts
Posted on 4/30/25 at 11:10 am to
Passing Economics 2001/2002 must be a requirement for US Presidents.

From Biden’s stimulus during COVID supply chain, etc inflationary period (exact opposite of what should have been done) to Trump’s deeply questionable total cost / benefit from tariffs…

Just need a C in both. Will take C-

That’s it.
Posted by longtooth
Member since Jun 2013
526 posts
Posted on 4/30/25 at 11:16 am to
Not that the Trump economic plan is without some risk, but this is to be expected when you hit the reset button on the global economic model. Which was broken, btw. The US and China will reach a trade deal eventually, but it will be more advantageous to the US. I trust that Scott Bessent knows exactly what needs to be done.
Posted by cypresstiger
The South
Member since Aug 2008
13358 posts
Posted on 4/30/25 at 11:22 am to
Down 0.03% !?!?! We’re all gonna die!!!! (Sarcasm)
Posted by YouKnowImRight
Parts Unknown
Member since Oct 2023
2815 posts
Posted on 4/30/25 at 11:35 am to
quote:

Am I reading that we would have had ~5% growth if weren't for massive imports due to stocking up for trade war


Yes. This is a self imposed contraction
Posted by Swamp Angel
Somewhere on a river
Member since Jul 2004
9619 posts
Posted on 4/30/25 at 12:08 pm to
I keep hearing how the economy is tanking but my wallet continues to disbelieve this. It's putting on weight rather well these days.
Posted by TigerHornII
Member since Feb 2021
1154 posts
Posted on 4/30/25 at 12:22 pm to
quote:

I’m a professional economist. Y’all don’t understand the variable you are talking about. This is the Dunning Kruger Effect in action. You don’t know enough about GDP to know what you don’t know.

See my other reply immediately prior to this one.


The article quotes BEA numbers, which you are surely familiar with if you are what you say you are. I provided the actual graph for you showing how the GDP calculation was made, directly from the BEA's website.

If you can address the graphs provided directly, then someone might start to believe you. Right now, you're avoiding the question, which makes you look more like an attorney than an economist, and no one wants that label.
Posted by moon
USA
Member since Dec 2010
2632 posts
Posted on 4/30/25 at 12:32 pm to
You can't tell these trumptards anything man.....they know everything.
Posted by WongsPalace
Member since Apr 2025
370 posts
Posted on 4/30/25 at 12:34 pm to
Not good when Donnie has pivoted from saying he doesn't care about the stock market to blaming senile Joe
Posted by lsupride87
Member since Dec 2007
108098 posts
Posted on 4/30/25 at 12:47 pm to
Looking back, maybe have one old arse senial candidate and one old arse egomaniac candidate wasn’t good

There is zero endgame to what Trump is doing. He is doing angry old man shite
This post was edited on 4/30/25 at 12:49 pm
Posted by MoarKilometers
Member since Apr 2015
20488 posts
Posted on 4/30/25 at 2:03 pm to
quote:

It also doesn’t help when you have a fiscally liberal president for a 17th straight year

W not fiscally conservative
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 4/30/25 at 2:10 pm to
quote:

Tariffs have consequences




Real GDP down.

Consumption down.

Prices up.


Posted by funnystuff
Member since Nov 2012
8944 posts
Posted on 4/30/25 at 2:28 pm to
I really hope you’re just a paid shill working to intentionally create division and anger…

That somehow feels like a preferable explanation over knowing that someone is genuinely this dense.




Go back and reread the post directly before the one you responded to. Read it very slowly. It explains, very clearly, what you are failing to understand
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