Posted on 07/30/2025 6:29:29 AM PDT by Red Badger
Democrats will claim it’s the Biden Economy.............
Economists are worse than weathermen.
2.8% and there’s no deficit spending … amazing
That’s why I call them :
ECONO-MISSEDs.......................
Told ya so
DJT
In other words, the economy would have been better, but for the tariffs imposed by that incompetent know-nothing Trump.
“even as Trump’s tariffs hit“
CNBC is a rat propaganda op masquerading as a financial news network.
One thing that always tends to go unmentioned in these kind of articles is that businesses make plans based on what they anticipate will happen in the future. Trump’s election signified that there would be a much more pro-business and pro-energy environment in the country for the next few years at least. That gave businesses more incentive to go ahead with expansions, or at least removed a lot of the negative uncertainties they would have felt with a continuation of the Biden-Harris policies.
But the experts!
Tariffs are bringing in a Trillion a year without inflation.
The math is not obvious: Imports surging 37.9% then falling 30.3% actually means imports are 3.9% lower than when they started.
If that seems wrong, consider this: Suppose something costs $100, and then gets marked up 50%. Now it costs $150. Now, it gets marked off 50%. It doesn’t cost $100, but rather only $75, since 50% of $150 is a much larger amount than than 50% of $100... so the 50% price reduction from $150 is a lot more money than the 50% price increase from $100.
Publix does that every day!....................
Of course, imports still reflect people importing goods from EU, Canada, Mexico, etc., ahead of the Aug 1 tariff hikes... so imports will likely fall much more.
The media spin is irrelevant. The chicken little “experts” continue to be wrong. Every month they are wrong they promise us the next month or the next quarter will be when Americans feel the pain. Inflation ,they say, is in check because folks arent buying stuff . Thats clearly not right. And they werent buying stuff because they were scared…. Or tariffs driven import drops made things less available. It would actually seem like supply and demand are both alright.
businesses make plans based on what they anticipate will happen in the future.
The company I’ve worked at for 3 years (and some change) now has frozen hiring and spending, plus instituted a 10+% cut in future projects/spending. I work IT, and it’s hampering us as we have 15+ year old devices that aren’t supported by the vendors anymore, and can’t buy replacement, but get audited and told to replace them. Wonderful catch-22 for us, of course.
"The chief business of the American people is business" - Calvin Coolidge
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