U.S. Economy Shrank in First Quarter 2025; Trump blames Biden

[Cypress]

U.S. Economy Shrank in First Quarter, in Reading Clouded by Messy Trade Data​

The chaotic start to President Trump’s second term roiled the economy at the beginning of the year, as consumers and businesses scrambled to react to a constant stream of tariff announcements and policy shifts.

The policies, and the uncertainty they created, were enough to push economic growth into reverse in the first quarter. U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday, a stunning reversal from the strong growth at the end of last year.

Trump Blames Biden After U.S. Economy Shrinks Amid Tariff War

Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.

www.nytimes.com

 

[Tbird19482]

U.S. Economy Shrank in First Quarter, in Reading Clouded by Messy Trade Data​

The chaotic start to President Trump’s second term roiled the economy at the beginning of the year, as consumers and businesses scrambled to react to a constant stream of tariff announcements and policy shifts.

The policies, and the uncertainty they created, were enough to push economic growth into reverse in the first quarter. U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday, a stunning reversal from the strong growth at the end of last year.

Trump Blames Biden After U.S. Economy Shrinks Amid Tariff War

Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.

www.nytimes.com

Trump will never admit he screwed everything up, So he has to blame somebody. Biden left him a good economy and Trump screwed it up like he does everything.

 

[BartenderElite]

Blaming Biden is truly a farce.

I can't recall a time when a President so fully owned the economy. Everything that is happening now is happening because of Trump's decades-long obsession w/ tariffs and paranoid fantasy that we're getting "ripped off."

 

[Nordberg]

Perhaps it was Truman's fault. Trump bragged in Michigan about how he fixed water pressure across America. He is lost in a sea of lies.

 

[BartenderElite]

Really, it seems like the only time Trump takes accountability for anything is if it's something good that he didn't do.

 

[Cypress]

Really, it seems like the only time Trump takes accountability for anything is if it's something good that he didn't do.

That's standard practice in the Republican Party. Many GOP representatives have bragged about bringing infrastructure projects to their districts, that are funded by Biden's infrastructure bill which they voted against.

 

[BartenderElite]

So, no MAGA's want to comment on how Trump turned a growing economy into a quickly shrinking economy in just 3 months?

 

[SlaveForChrist]

U.S. Economy Shrank in First Quarter, in Reading Clouded by Messy Trade Data​

The chaotic start to President Trump’s second term roiled the economy at the beginning of the year, as consumers and businesses scrambled to react to a constant stream of tariff announcements and policy shifts.

The policies, and the uncertainty they created, were enough to push economic growth into reverse in the first quarter. U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday, a stunning reversal from the strong growth at the end of last year.

Trump Blames Biden After U.S. Economy Shrinks Amid Tariff War

Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.

www.nytimes.com

one more and we're officially in a recession. But I think anyone with a brain knows were already into one and likely headed to a depression on a speed run under this incompetent orange twat

 

[gfm7175]

So, no MAGA's want to comment on how Trump turned a growing economy into a quickly shrinking economy in just 3 months?

After seeing the headline, I purposely searched for this type of thread in order to correct the leftist lies about it, so here I am.

First off, let's start by reviewing what Gross Domestic Product (GDP) actually is. It is calculated as follows: GDP = consumption + investments + government spending + NET exports (iow, exports - imports).

Now, let's start digging into the details. Yes, on its face, a -0.3% GDP figure seems low. However, you need to remember that companies have been making various adjustments in response to Trump's tariff announcements, such as purchasing a bunch of products in advance of the tariffs. Thus, if you dig into the data, imports increased a whopping 41.3%, which resulted in a 5.3% deduction to the GDP figure when plugged into the aforementioned equation (see Table 2 of the below-linked report).

Straight from Table 1 of the report (found HERE), you will notice that investment is way up (21.9%), of which equipment is up 22.5%. You will also notice that imports are WAY up (41.3%), of which goods is up 50.9%.

What does this mean?? This means that companies are currently in the process of shifting their manufacturing from overseas and into the USA. IOW, the GDP figure is artificially low (to the tune of roughly 5 percentage points) due to a TEMPORARY but massive increase in imports due to Trump's tariff announcements. The Q2 GDP figure will "rebound" as the massive spike in imports will no longer be present to deduct from the GDP figure anymore.

I'm making a prediction thread about this as we speak, in order to "put my money where my mouth is", so that I can be easily referenced at the end of July when I am shown to be correct about this. So, feel free to gloat right now, but you will be sobbing come the end of July.

 

[Trumpet]

After seeing the headline, I purposely searched for this type of thread in order to correct the leftist lies about it, so here I am.

First off, let's start by reviewing what Gross Domestic Product (GDP) actually is. It is calculated as follows: GDP = consumption + investments + government spending + NET exports (iow, exports - imports).

Now, let's start digging into the details. Yes, on its face, a -0.3% GDP figure seems low. However, you need to remember that companies have been making various adjustments in response to Trump's tariff announcements, such as purchasing a bunch of products in advance of the tariffs. Thus, if you dig into the data, imports increased a whopping 41.3%, which resulted in a 5.3% deduction to the GDP figure when plugged into the aforementioned equation (see Table 2 of the below-linked report).

Straight from Table 1 of the report (found HERE), you will notice that investment is way up (21.9%), of which equipment is up 22.5%. You will also notice that imports are WAY up (41.3%), of which goods is up 50.9%.

What does this mean?? This means that companies are currently in the process of shifting their manufacturing from overseas and into the USA. IOW, the GDP figure is artificially low (to the tune of roughly 5 percentage points) due to a TEMPORARY but massive increase in imports due to Trump's tariff announcements. The Q2 GDP figure will "rebound" as the massive spike in imports will no longer be present to deduct from the GDP figure anymore.

I'm making a prediction thread about this as we speak, in order to "put my money where my mouth is", so that I can be easily referenced at the end of July when I am shown to be correct about this. So, feel free to gloat right now, but you will be sobbing come the end of July.

You're living in la-la land.