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Redditsux@lemmy.world to politics @lemmy.world · 9 days ago

Trump Has Officially Shrunk the U.S. Economy Already After Tariff Turmoil

www.thedailybeast.com

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Trump Has Officially Shrunk the U.S. Economy Already After Tariff Turmoil

www.thedailybeast.com

Redditsux@lemmy.world to politics @lemmy.world · 9 days ago
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Economists say growth has “simply vanished” in the face of tariff-related uncertainty and less government spending.
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  • JeSuisUnHombre@lemm.ee
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    9 days ago

    It’s pretty funny that most of the time we have to wait years, often not until the next term, to feel the economic impact of a president, but Trump knows how to make shit happen immediately

    • samus12345@lemm.ee
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      9 days ago

      It sucks that only evil agendas can be illegally implemented without consequence.

  • BigMacHole@lemm.ee
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    9 days ago

    He’s a STRONG BUSINESSMAN playing 7D CHESS!

    -LITERALLY EVERY SINGLE REPUBLICAN VOTER IN THE UNITED STATES!

    • 60d@lemmy.ca
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      9 days ago

      According to John Stewart’s Monday show, Trump is winning, and has doubled his net worth, so I don’t see the problem.

    • wirebeads@lemmy.ca
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      9 days ago

      He’s not at chess level. He’s trying to play connect 4 with 3 pieces.

      • MuskyMelon@lemmy.world
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        9 days ago

        I’m stealing this! Lol!

        • wirebeads@lemmy.ca
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          9 days ago

          Enjoy my friend. Spread it far and wide when referring to the orange Mussolini.

    • pivot_root@lemmy.world
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      9 days ago

      A more depressing and less bat shit insane take I heard from a few of them is that “it will hurt but it needs to happen” and “everybody takes advantage of America and Trump will change that”.

      Where cult stupidity doesn’t work, propaganda still does.

  • Asafum@feddit.nl
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    9 days ago

    No he didn’t! As my coworkers landlord pointed out, “obviously this is the fallout from Obama’s terrible presidency.”

    …yes… it’s all Obamas fault… Right…of course it is.

    • samus12345@lemm.ee
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      9 days ago

      They could have at least blamed Biden.

      • CharlesDarwin@lemmy.world
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        9 days ago

        No, no, no. This obviously all goes back to Bill and Hitlary. And don’t forget about what CARTER did this economy!!!111

        • 9point6@lemmy.world
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          9 days ago

          Well if they’re going that far back it’s actually Reagan most responsible for where we are today.

        • samus12345@lemm.ee
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          9 days ago

          Damn Washington, ruining our economy!

    • Trihilis@ani.social
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      9 days ago

      Are you sure it wasn’t the Romans in 27BC who were to blame?

      • Asafum@feddit.nl
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        9 days ago

        To be honest as a wise sage once put it, the problem goes back even further than the Romans:

        “In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.”

        -Douglas Adams

      • Freshparsnip@lemm.ee
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        9 days ago

        I blame Alexander Hamilton

    • IAmJacksRage@lemm.ee
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      9 days ago

      So the “short term pain” Trump promised isn’t even here yet?!?

      • stringere@sh.itjust.works
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        7 days ago

        CEO of Walmart went to Trump to tell him the shelves will be empty in 3 months.

        Plan accordingly as much as you can.

    • ripcord@lemmy.world
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      I’m having a tough time believing they said Obama instead of Biden. They moved on to blaming Biden for everything as groupthink a while ago.

      • Asafum@feddit.nl
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        9 days ago

        I can’t say I was there to see it, but my coworker isn’t one to make things up from what I’ve seen of him.

      • Madison420@lemmy.world
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        9 days ago

        I dunno man there was that lady interviewed that said she thought the covid deaths were due to Obamas incompetence in handling it… You know that thing that didn’t happen while he was in office? He’s responsible apparently.

  • mutual_ayed@sh.itjust.works
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    Shrink it small enough for the billionaire class to buy it up outright.

    https://tcf.org/content/commentary/a-tale-of-two-recoveries-wealth-inequality-after-the-great-recession/

    https://blogs.lse.ac.uk/usappblog/2014/04/09/rising-wealth-concentration-helped-to-lead-to-the-2008-financial-crisis-and-continues-to-contribute-to-ongoing-financial-instability/

    https://journals.sagepub.com/doi/full/10.1177/1354066119843319

  • Jhex@lemmy.world
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    9 days ago

    …while accomplishing absolutely nothing of value

    • RampantParanoia2365@lemmy.world
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      9 days ago

      To be fair, he did say something about ending daylight savings.

  • Freshparsnip@lemm.ee
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    9 days ago

    Trump is so delusional he probably thinks prices are lower than ever and the economy is booming

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