Normally, I do give the benefit of a doubt for the first year or so of economic news under a new President no matter which party. Policies do not usually have time to have that kind of effect so quickly. It’s great when you can point to a President you don’t like and say “see, the economy went down”, but it usually doesn’t work that way.
Not this time. Trump moved so fast to break so much that he gets to own the whole thing. Doubly so when the Fed’s predictions had been pointing downward when they had been pointing upward before Trump took office.
huh, I’m getting to the point where i can recognize genai instantly from just the thumbnail, neat
It’s a particularly bland style
AI, I need a picture with Linux red hat…
I’m sorry sir,
Or ma’am,Both,
it seems I’m not allowed to show images of people with red hats. Would you like images of small cats instead?
?
It’s important to note why he did the tariffs.
It wasn’t because there was an economic trade imbalance.
It wasn’t because he thought they were unfair.
It was because it is essentially the only non-military weapon he has and he wanted to look powerful.
It was because he wanted to alienate our allies under the direction of Putin.
It was because he wanted to feel like a big man. He wanted to show the world he was a dictator.
It was a selfish, dick-measuring move.
I’m pretty sure it’s because he has a hard-on for the gilded age when McKinley was president and virtually all federal income was from tariffs rather than income tax. Trump wants to get rid of income tax altogether, for what I trust are obvious reasons, and replace that revenue with taxation on those who buy products, meaning tariffs. Rich people and corporations will pay essentially no taxes at all, but if you want to buy a car, an appliance, a home, or even food, the price will be jacked up to cover the tariffs he’s implementing.
It was the Gilded Age, a time of rapid population growth and transformation from an agricultural economy toward a sprawling industrial system, when poverty was widespread while barons of phenomenal wealth, like John D. Rockefeller and J.P. Morgan, held tremendous sway over politicians who often helped boost their financial empires.
“We were at our richest from 1870 to 1913. That’s when we were a tariff country. And then they went to an income tax concept,” Trump said days after taking office. “It’s fine. It’s OK. But it would have been very much better.”
I disagree.
He did the tariff BS in order to tank the US economy, so that the elite wealthy can buy/consolidate/privatize at rock bottom prices.
His regime was all by design. And all is going according to plan.
And he can claim he’s cutting taxes, because to him the tariffs aren’t a tax which is a load of bull.
Yep. There is a direct cause and effect here. He owns this shit.
He was handed a GREAT economy and he fucked it all up.
Plus he’d be claiming all the credit if it were better
And triply so when the effects of Trump’s shit “policies” were entirely predictable and warned about in advance.
There it is. The one thing he wasn’t lying about, there was a bump in stocks after the election.
And only because he said it and some idiots bought it.
As much as he lies there were LOTS of things he wasn’t lying about. Mostly incredibly bad and crazy shit that he said he was going to do and is as we speak trying to do!
Why are you bringing facts to a bath salt sniffing party?
The GDP last year was positive all around under Biden. I wonder what could possibly have changed in US this year to cause this stark reversal.
Thanks Obama!
Remember, folks, anything bad is the fault of the most recent president in the opposing party, and anything good is the fault of the most recent president in your party
It’s a shame for humanity that SO many people are so goddamned dumb.
It’s mostly just Americans.
God you fucking wish
Really? Tell me how Brexit happened then.
“”"
That didn’t happen.
And if it did, it wasn’t that bad.
And if it was, that’s not a big deal.
And if it is, that’s not my fault. <-- here
And if it was, I didn’t mean it.
And if I did, you deserved it.
“”"
I hope all the republicans realize what horrible people they are before they die.
With the tariffs being randomly lifted it seems like we’re at ‘i didn’t mean it’
Privately, not publicly. And I think that chart is mostly about what step they are willing to say out loud so far. Since they need outside approval, when they fuck up, which is often, this is the tried and true path to get the least flack from the people they want to be praising them as soon as possible again.
The regular narcissists in your life follow it too, it’s practically instinct.
They won’t, and will live long comfortable lives with their obscene amounts of money rather than being hanged as traitors like they should.
You’re forgetting the poor uneducated rural voters who will directly suffer by their own hands, yet again.
Can anyone remind me why we give the dumbest and least productive of us the most representation and govt handouts?
Oh, you’re talking about Republican voters. They also won’t, and will blame DEI, woke, and Democrats for all their problems 'til the day they die.
He mishandled covid leading to lots of extra death and when they wouldn’t elect him again he organized a lynch mob to storm the capitol and we all watched both crisis play out live on TV. None the less 94% of those who consider themselves Republicans voted for Trump in 2024. They are absolutely incapable of learning.
If we literally become the nazis and round up and murder millions before Trump offs himself in a bunker they will find a way to blame it on the Democrats and make Trump the victim then vote for someone who venerates him. We literally can’t fix them nor expect them to be fixed. We can only work on the folks in the middle the famous persuadable voter eg those too stupid to have a clear position.
honestly, the nazis always had the right idea, just the wrong targets. They should have put themselves in the damn gas chambers.
I hope all the republicans realize what horrible people they are before they die.
I hope that realization comes as quickly as possible.
LOL, DUMBASS.
He was handed an economy that was the envy of the world, and now look at it.
What a freaking business GENIUS.
“Nothing to do with tariffs”. You have to be a special kind of idiot - donvict-tier level idiot - to buy that. He’s fucked this country and fucked it so hard. And we haven’t even begun to see the real long-term consequences yet.
I’m sure that if we even still have free and fair elections, that if the Democrats get in power, they’ll have to work to pull us out of the ditch, all the while the Fifth Column media will blame the Democrats for not doing it fast enough. Just like the last fucking times. I wish the Democrats would start doing real smashmouth politics if they ever even get one iota of power back. No more of this trying to uphold “norms” by “reaching across the aisle” to the “gentlemen” from such and such state. FUCK THAT NOISE. Obama did that most of his two terms, and kept pulling back a stump when he’d offer them an olive branch. And that’s what happened to a right-leaning centrist like Obama.
FFS.
Lmfao this is great. Bet he tries to blame Clinton and Obama and AOC and George Soros next, in no particular order
He’s right. When the bulk of tariffs’ impact hits, it’s going to be much, much worse than it is now.
He’s not right.
I know it won’t change Trump supporter minds, but I wish they would ask what quarter will it get better by? That way there was at least something to track.
Completely predictable. Empty shelves will be Biden too. Massive inflation? Also Biden. Unemployment, interest rates, everything Biden. He has no other play except to blame someone else so that is what he’ll do.
You’ve already used the first envelope Don.
more lies from the criminal president
It’s pretty simple folks. If something bad happens, it’s someone else’s fault. If something good happens, Trump did that.
See how liberating it is not having to worry about who is right and wrong? Life is just so much simpler knowing that all good things come from Trump. Ahhhhhhh, zen.
I knew it!
Even after eliminating all those government programs and laying off/firing all those federal employees, Biden still somehow controls the economy!!! If only we could elect a new POTUS to right the ship!!!
Even after eliminating all those government programs and laying off/firing all those federal employees,
the federal government still managed to spend over $200 billion more in BLOTUS’ first 100 days than same time frame last year.
0.01% of that on his golf games
While I do admit it’s impossible for one administration to improve/fix a nation’s economy in one year… But It doesn’t take much effort to run a already crumbling economy into the ground. Edit: I’m agreeing with yall. Just like Republicans expected Biden to “fix” the economy in is first 100 days, it’s literally impossible. But dumb ass Trump can sure as hell drive a already broken economy right off the cliff in 100 days.
A president has a limited ability to positively affect the economy positively but a vast ability to make it worse.
