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re: Bidenomics is crumbling

Posted on 3/10/25 at 2:38 pm to
Posted by dgnx6
Member since Feb 2006
86264 posts
Posted on 3/10/25 at 2:38 pm to
quote:

Two consecutive quarters of negative GDP growth is a common rule of thumb for defining a recession




Just a reminder, we went into a recession under Biden.


Posted by StrongOffer
Member since Sep 2020
6393 posts
Posted on 3/10/25 at 2:40 pm to
quote:

Actually, Trump is crashing the economy with unemployment, inflation, tariffs and instability.
Did you break out of a facility or something?
Posted by dgnx6
Member since Feb 2006
86264 posts
Posted on 3/10/25 at 2:41 pm to
quote:

Actually, Trump is crashing the economy with unemployment, inflation, tariffs and instability.


Wrong.


Inlfation in February is projected to be down from January.


quote:

Wall Street economists expect February's CPI to show headline annual inflation of 2.9%, down from the 3% seen in January.


quote:

On a "core" basis, which strips out food and energy prices, CPI is expected to have risen 3.2% over last year in February, below the 3.3% seen in January. Monthly core price increases are anticipated to clock in at 0.3%, below the 0.4% seen the month prior.



But please, let the fricking brain dead morons that put a dementia patient in the white house tell us what's up.


Its transitory bitch.




Obviously, this isn't some huge win, but tis going down.
This post was edited on 3/10/25 at 2:46 pm
Posted by bayoudude
Member since Dec 2007
25843 posts
Posted on 3/10/25 at 2:42 pm to
quote:

But Trump will be blamed for it.


Most definitely as the general public is too stupid to understand that monetary polices take time to have an effect it ripples as a wave not reaching shore for quite some time. Each administration deals with the bad decisions of their predecessor.
Posted by NIH
Member since Aug 2008
120117 posts
Posted on 3/10/25 at 2:44 pm to
He’s been in office less than two months.
Posted by Nosevens
Member since Apr 2019
17278 posts
Posted on 3/10/25 at 2:47 pm to
You’re already blaming Trump for this on other threads for weeks
Posted by Nosevens
Member since Apr 2019
17278 posts
Posted on 3/10/25 at 2:48 pm to
What a fool you parents have in you
Posted by imjustafatkid
Alabama
Member since Dec 2011
62772 posts
Posted on 3/10/25 at 2:48 pm to
quote:

Because that's what's important, right?


Of course it is. Otherwise, we'll be right back here in ten years when morons blame the GOP again.
Posted by dgnx6
Member since Feb 2006
86264 posts
Posted on 3/10/25 at 2:49 pm to
quote:

I’ve lost a lot of money in the market since Trump was sworn in. Prices also haven’t gone down. This short term “pain” needs to be over soon.



So we are recording unrealized gains or something?


And gas prices are down.


Posted by imjustafatkid
Alabama
Member since Dec 2011
62772 posts
Posted on 3/10/25 at 2:50 pm to
quote:

But Trump will be blamed for it.


They'll try, but they won't be able to point to any Trump policies from the first 50 days in office that would have led to a downturn. The most significant things he's tried to do have all been held up in court so far.
This post was edited on 3/10/25 at 2:51 pm
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15242 posts
Posted on 3/10/25 at 2:51 pm to
This short term pain won’t be over until sept. Anyone crying about it today is a moron that doesn’t understand how things work - today the stock market has fallen to the same exact place it was last year at this time
Posted by Nosevens
Member since Apr 2019
17278 posts
Posted on 3/10/25 at 2:54 pm to
If you lost a lot of money in 6 weeks that Trump was sworn in then it’s not because of anything else but false market value
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3788 posts
Posted on 3/10/25 at 2:56 pm to
quote:

We all know Trump will be blamed despite it being Biden and current Congress that allowed it to happen.


Someone mentioned the truth being important earlier ITT. If that's so, then we should admit that we're feeling the consequences of actions starting with the last Bush administration, through the Obama administration, the first Trump administration, AND the Biden administration.

So yes, Trump should get some of the blame for all the borrowing he did before COVID, and some of the blame for what happened to the economy during COVID, and even some of the blame for what's happening now.

Bush, Obama, Trump and Biden are all to blame for our current economic position.

ALSO, we all know that the House has the power of the purse, so they should not be blameless in all of this either. It should also be noted that the majority has been Republican, the so-called party of 'fiscal responsibility', for 20 of the 28 years since Newt took back the House.

So it's not always The Other Guy's fault all the time.
Posted by Nosevens
Member since Apr 2019
17278 posts
Posted on 3/10/25 at 2:57 pm to
1000-1500 points is not a crash. Losing to a more respectable valuations is great and a crash at this point is 17k, which maybe is a bit more accurate
Posted by trader_tiger83
Member since Dec 2012
1416 posts
Posted on 3/10/25 at 2:57 pm to
The market is a discounting mechanism that is forward looking. Just a reminder for those in this thread.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3788 posts
Posted on 3/10/25 at 3:06 pm to
quote:

You’re already blaming Trump for this on other threads for weeks

Link?

I don't believe you. I haven't said one word about the economy crashing. My portfolio had been doing just fine right up until last week. And even then, I'm not averse to having an off quarter now and then.

I have been blaming Trump, along with Biden, for the inflation. Printing up a bunch of cash and dumping it into the economy will do that. But then so will printing up a bunch of cash and giving it to the banks and telling them to just sit on it - just more insidiously.

Maybe you're confusing me with Harry Balzac. We're close.
Posted by bigeasy19
Member since Oct 2024
38 posts
Posted on 3/10/25 at 3:09 pm to
Your in a cult !!!
Posted by Nosevens
Member since Apr 2019
17278 posts
Posted on 3/10/25 at 3:11 pm to
So you haven’t been blaming Trump on anything in last 6 weeks? Not only stupid but a liar too
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19420 posts
Posted on 3/10/25 at 3:12 pm to
The tariffs have something to do with it. It's ok not not agree with everything Trump does.
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3788 posts
Posted on 3/10/25 at 3:14 pm to
quote:

So you haven’t been blaming Trump on anything in last 6 weeks?

I said maybe inflation.
quote:

liar

Why don't you post a link to support your irrational accusation?
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