Trump's shutdown could reduce economic growth to zero

[Irish Exit]

And piss away billions to appease narcissistic individual who can't accept the fact he was wrong

Grinding the economy to a halt will piss away more than the wall would cost, but whatever. I just wish the shutdown was broader. The US consumes too much. The US pollutes too much. Anything that constrains that is fine with me.

[Cypress]

The warnings are getting starker: Trump's government shutdown is becoming catastrophic for the economy

We're 26 days into the record-breaking US government shutdown, and while most economists agree it will weigh on US economic growth, the chorus of warnings about doomsday scenarios is getting louder.

Government shutdowns have typically lasted a few days or a couple of weeks, but the fight between President Donald Trump and Democrats appears set to continue for much longer. According to economists, the negative effects of the shutdown will only grow as the ripple effects from the 800,000 federal employees and millions of government contractors going without pay spread through the economy.

Adding to the gloom is the negative effect of the US-China trade war, falling stock prices, growing worries about a slowdown in international growth, and a looming conflict about the debt ceiling.

Given all of the worries facing the US economy, warnings about the shutdown are only amplifying:


https://www.businessinsider.com/gove...economy-2019-1

[Cypress]

Recession warnings pile up as shutdown wraps up fourth week
The impasse is triggering alarms about an already fragile economic environment.

https://www.politico.com/story/2019/...conomy-1092089

[tinfoil]

LOL

All the government end of the economy! OH noes!
Guess what? The rest of us are unaffected. I haven't seen an lick of change in my economic outlook.

[dukkha]

the GD reduction is government spending -factored into GDP % growth

[dukkha]

China trade negotiations are going well. that will shoot up GDP

[Cypress]

Trump's shutdown and the general chaos of his style is causing consumer confidence to plument.

Let's hope this popular vote-losing Orange Pig does not crash the decade-long Obama Economic Recovery.

American Economic Confidence Drops to Lowest Level for Years as Trump's Chaotic Policies Bite

https://www.newsweek.com/economy-con...-trump-1298274

[Cypress]

The government shutdown may force Trump to make a nightmare choice between his border wall and the economy

More and more economists are warning that the shutdown could cause major problems for the US economy.
If Trump does not find an end to the shutdown, the continued strength of the US economy — one of his favorite things to boast about — could be at risk.

Stark are warnings from economists that first-quarter GDP could actually go negative if the shutdown continues into March.

https://www.businessinsider.com/gove...economy-2019-1

[kudzu]

False
Blatant misrepresentation


DONALD TRUMP
"Every single Democrat in the U.S. Senate has signed up for the open borders, and it's a bill, it's called the ‘open borders bill.’"

— PolitiFact National on Monday, October 8th, 2018

[Cypress]

The President’s Shutdown Is Putting the Health of the Economy in Jeopardy

As Donald Trump's government shutdown enters its second month, members of his administration are coming to grips with the fact that his obsession with building a taxpayer-funded border wall is putting the health of the American economy in real jeopardy

A White House adviser admits that the economy, if the government remains closed, may be on its way to a zero-growth quarter.

https://www.gq.com/story/trump-shutdown-economic-growth