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Started By
Message
re: Bidenomics is crumbling
Posted on 3/10/25 at 2:38 pm to John Barron
Posted on 3/10/25 at 2:38 pm to John Barron
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 on 3/10/25 at 2:40 pm to TBoy
quote:Did you break out of a facility or something?
Actually, Trump is crashing the economy with unemployment, inflation, tariffs and instability.
Posted on 3/10/25 at 2:41 pm to TBoy
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 on 3/10/25 at 2:42 pm to doya2
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 on 3/10/25 at 2:44 pm to theronswanson
He’s been in office less than two months.
Posted on 3/10/25 at 2:47 pm to Harry Boutte
You’re already blaming Trump for this on other threads for weeks
Posted on 3/10/25 at 2:48 pm to TBoy
What a fool you parents have in you
Posted on 3/10/25 at 2:48 pm to Harry Boutte
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 on 3/10/25 at 2:49 pm to theronswanson
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 on 3/10/25 at 2:50 pm to doya2
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 on 3/10/25 at 2:51 pm to theronswanson
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 on 3/10/25 at 2:54 pm to theronswanson
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 on 3/10/25 at 2:56 pm to GrassyKnoll556
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 on 3/10/25 at 2:57 pm to Harry Boutte
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 on 3/10/25 at 2:57 pm to Nosevens
The market is a discounting mechanism that is forward looking. Just a reminder for those in this thread.
Posted on 3/10/25 at 3:06 pm to Nosevens
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 on 3/10/25 at 3:11 pm to Harry Boutte
So you haven’t been blaming Trump on anything in last 6 weeks? Not only stupid but a liar too
Posted on 3/10/25 at 3:12 pm to John Barron
The tariffs have something to do with it. It's ok not not agree with everything Trump does.
Posted on 3/10/25 at 3:14 pm to Nosevens
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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