Last edited:
Heading for the Trump recession.
- Thread starter keegerosu
- Start date
Because of the CHIPS Act, you moron. Trump repeals it, then you can forget about that investment.
Bless your heart. Budget cuts are hard but if your dear party hadn't been wasting so much money maybe there would be no cuts? Ever think about that simpleton?
Last edited:
Atlanta Fed now projecting -2.8% Q1 GDP. Before tariffs really kick in, which will make things worse by Q2. Off and running in the Trump era. One of the greatest self-owns we’ve ever seen.
But I thought you leftist told us Biden's economy was great. Now you expect us to believe Trump destroyed that great economy in 30 days? It's not like Trump has passed some BS economic legislation that has caused anything to change.
Tax cuts combined with tariffs, a trade war, and massive spending cuts and layoffs are a recipe for economic disaster. Look, I am a millionaire. My taxes will go down. Turns out I care more about the country than my own wellbeing. Most people on this board though? They may get a few hundred more in their pocket while the trade war costs them $2k/year. Unbelievable how dumb people are.
Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns
The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.
www.wsj.com
Stock market continuing its sell off today. Likely into the foreseeable future. Meanwhile, useful idiots like Marocain Poke think it's all for shits and giggles.
Tax cuts combined with massive spending cuts and layoffs of government workers are just what the doctor ordered. Tariffs and trade wars are a stupid monkey wrench thrown into the gears.Tax cuts combined with tariffs, a trade war, and massive spending cuts and layoffs are a recipe for economic disaster. Look, I am a millionaire. My taxes will go down. Turns out I care more about the country than my own wellbeing. Most people on this board though? They may get a few hundred more in their pocket while the trade war costs them $2k/year. Unbelievable how dumb people are.
Tariff War Risks Sinking World Into New Great Depression, International Chamber of Commerce Warns
The world economy could face a downturn similar to the Great Depression of the 1930s unless the U.S. rows back on its plans to impose steep tariffs on imports, a senior official at the International Chamber of Commerce warned.
Stock market continuing its sell off today. Likely into the foreseeable future. Meanwhile, useful idiots like Marocain Poke think it's all for shits and giggles.
People keeping their own money from tax cuts will not lead to a recession. Spending cuts cannot happen without having a legitimate place to make the cuts; overemployment is a natural starting place. Tariffs and trade wars are an unnecessary intrusion of markets by a government that will lead to chaos and hasten a recession if there is one.
Dan, tax cuts targeted primarily at 1%ers like me along with spending cuts and elimination of the federal work force will absolutely result in a recession alone. Combine that with a trade war, and it doesn't take a PhD in economics to understand that the economy is going to be screwed.
Oh you mean the House vote to continue the same tax rates we've had since 2017? I have to hand it to the Democrats they know their voters will believe anything they tell them. Somehow in the mind of a Democrat voter continue the same tax rates we've been under the last 7 years is a tax cut. LMAO I knew Democrat voters were not very smart but this one is a whole other level of stupidity.
Please explain in detail how tax cuts, spending cuts and elimination of wasteful government workers will cause a recession.
Do you ever question anything Democrats tell you? Or are you one of those that thinks people are stupid enough to believe your lies?
The 2017 tax cuts were not primarily targeting the 1% everyone of all income brackets benefitted from lower taxes.
From one of the leftist preferred sites no less.
Who Benefited Most From Trump’s Tax Cuts? The Answer May Surprise You
The Tax Cuts and Jobs Act reduced taxes for millions of Americans. Who benefited most? We'll look at tax liabilities, before and after TCJA, for various income levels.
www.forbes.com
The tax cuts are great for me. No question. I can assure you that I benefited disproportionately, particularly relative to you.Do you ever question anything Democrats tell you? Or are you one of those that thinks people are stupid enough to believe your lies?
The 2017 tax cuts were not primarily targeting the 1% everyone of all income brackets benefitted from lower taxes.
From one of the leftist preferred sites no less.
Who Benefited Most From Trump’s Tax Cuts? The Answer May Surprise You
The Tax Cuts and Jobs Act reduced taxes for millions of Americans. Who benefited most? We'll look at tax liabilities, before and after TCJA, for various income levels.
What did you do with the money you saved? Hide it in a hole you dug in the back yard?
You didn't benefit any greater or any less than anyone else, everyone benefitted from the 2017 tax plan.
I know you must feel you are letting the country down considering your self professed massive good fortune and wealth. Please feel free to write an additional check in an amount of your own choosing over and above the amount of taxes you owe each year. I'm sure it will make you feel better. I would suggest at least doubling the amount of taxes you pay each year, after all a man of your means wouldn't feel that at all.
☝🏻sure sign of someone who ain’t got shit.
It's the Washington Post. Sourced directly from the Atlanta Fed. Geminy, you people...I can't waste my time any more on you.
It’s the Atlanta Fed making the projection. MSN is just reporting it. This does not guarantee a recession is in our future, but it is a heads up that should be paid attention to but Trump’s economic advisors seem to be ignoring.
This is so ridiculous. The US economy is the biggest ship in the world and the results of actions and legislation take months to be felt in the economic numbers. You can't turn a giant boat quickly.
If there is negative growth in the first Quarter (remember Biden was President for 1/3 of the first quarter) its the result of what happened in previous quarters.
If there is negative growth in the first Quarter (remember Biden was President for 1/3 of the first quarter) its the result of what happened in previous quarters.
Reeeeeeeeeeeeeeeeee the Sky is Falling! Reeeeeeeeeeeeeeee
Where were the Tards when 30 yr record high inflation hit? They told us for 4 yrs the Economy is great. Stfu and stop wishing for a recession.
Where were the Tards when 30 yr record high inflation hit? They told us for 4 yrs the Economy is great. Stfu and stop wishing for a recession.
If someone comes around acting completely unhinged, bragging about how awesome and rich they are let me know. If you’ve had intro to psych you know what’s going on behind the scenes and the schadenfreude is most delicious.
For our slow: Consumers make up 70% of our economy. Consumers today are saddled with an all time record $1.1 trillion in credit card debt. 35% of credit cards are maxed out. I have a real shocker for you. This record debt hasn't occurred since November's Election Day.
Natty Lite Keger who has his hand up your ass? You all parrot the same crap.
That’s the second time in this thread that you’ve spread dem misinformation.
You’re just like every other democrat. When the story doesn’t fit, just lie and lie and lie and lie.
Under Trump there were two stimulus packages passed:
1. CARES Act (March 2020): The Coronavirus Aid, Relief, and Economic Security (CARES) Act was a $2.2 trillion economic stimulus bill. It included provisions such as direct payments to individuals, enhanced unemployment benefits, support for small businesses through the Paycheck Protection Program (PPP), and aid to state and local governments.
2. Consolidated Appropriations Act (December 2020): This act provided an additional $900 billion in stimulus and relief. It extended certain provisions of the CARES Act, including more direct payments to individuals and further support for businesses.
However, only $2.8 trillion of the approved $3.1 trillion was actually spent.
And recall that every little snot-nosed dem was saying he wasn’t doing enough and wanted much more stimulus money which Biden completely complied.
*Edit to Add…Team Biden then passed another stimulus package for $1.9 trillion in March of 2021. Then when inflation when rampant, Biden spewed more disinformation and called it Putin’s Price Hike and then Transitory Inflation
Just lie, lie, lie, and lie. You dems can’t help yourselves.
Last edited:
Not it isn’t. Negative GDP would be a complete collapse like we saw during Covid. Or a quarter under Biden (Q1 2022).
The definition of a recession is two consecutive quarters of negative GDP GROWTH….not negative GDP.
But Biden didn’t like that definition so the media changed it for him, not two months in but two years in. I’m sure you were Big Mad about that???
“way to go genius”
