Nope Donald….
It IS YOURS…..
You’re working HARD to Fuck it up….
You OWN It…..
Tariffs/Import Taxes….
China…
Stock Market…
Trying to tear up the Government….
ALL OF THESE Things combined HAS affected the American Economy….
Joe Biden ain’t the President anymore….
Again?
YOU ARE…
President Trump seems to have two opposing messages about the economy.
Anything good should be credited to him. Anything bad is Joe Biden’s fault.
As the Commerce Department reported Wednesday that the U.S. economy had contracted during the first three months of the year, President Trump tried to change the narrative by detailing recent domestic investments and blaming President Biden for the economic woes.
“We’re celebrating the most successful first 100 days of any administration in American history,” Mr. Trump declared in a 40-minute speech on the economy at the White House.
He did not mention that the stock market has endured its worst start to a presidency since Gerald R. Ford. He later acknowledged the weak economic data, adding: “This is Biden’s economy, because we took over on Jan. 20. And I think you have to give us a little bit of time to get moving.”
The decline in U.S. gross domestic product in the opening quarter of the year came as a striking reversal from robust growth in the final three months of 2024, which came under Mr. Biden but, in part, after Mr. Trump’s election. Mr. Trump took credit for the economy “really heating up after the election,” even as he said the recent decline was Mr. Biden’s fault.
The contraction appeared to reflect the costs of Mr. Trump’s chaotic off-and-on approach to steep tariffs, which have roiled financial markets and alarmed consumers and businesses. Mr. Trump on Wednesday called them “intelligently used tariffs.” Some economists say they will cause a recession.
The S&P 500 had not fallen more in the first 100 days of a presidential term since 1974, when President Ford replaced Richard M. Nixon during a recession and rising inflation. The contraction of the broader U.S. economy reported Wednesday — at a 0.3 percent annual rate, according to the Commerce Department — was the first drop in a quarter in three years.
“This is Biden’s economy,” Mr. Trump said, more than once.
He said companies with representatives in attendance had collectively unveiled more than $2 trillion in recent investments. He urged them to make “beautiful” microchips in the United States. (Last month, Mr. Trump attacked the CHIPS Act, a bipartisan lawpassed during the Biden administration to wean the United States off its reliance on Asia for semiconductors, saying it was a “horrible thing” and urging lawmakers to scrap it.)
Representative Hakeem Jeffries of New York, the Democratic minority leader, said the economic slowdown had little to do with Mr. Biden.
“This is not Joe Biden’s economy, Donald,” Mr. Jeffries, flanked by Democrats, said in a speech at the U.S. Capitol on Wednesday. “It is your economy. It is the Trump economy.”
Cris deRitis, deputy chief economist at Moody’s Analytics, said that “it’s hard to say when one president’s effects end and the other one’s begin.” And most economists were expecting some slowing in the economy at the start of the year, he added.
Still, the weakness in the economic report on Wednesday was heavily driven by an increase in imports as consumers and retailers raced to scoop up products before new tariffs took effect.
“I struggle to see how that was induced by the Biden administration,” Mr. deRitis said. “Clearly households and businesses are responding to the tariffs, or even the announcement of the tariffs.”…..
New Open Thread is HERE….
Morning All……
The Chaos Protocol continues
Good Morning people……
This Open Thread is for May 1st, I presume, not April 1st (April Fools’ Day) as the headline reads now.
Thanks DSD….
Correction made…..
Mike Waltz has been fired
Trump just named Waltz UN Ambassador.
What in the world is the point of that? Well, I guess he will have to answer questions at a Senate conformation hearing.
But how would you like to be Elise Stefanik right now?
I do not claim that enough Republican Senators would vote against his confirmation, but what you have here is basically a public demotion of someone after only a short time on the job, for another role, only this one requires Senate confirmation.
It really makes no sense, but few things do these days.
Waltz IS VERY Likely to be CONFIRMED…..
But he’ll be bruised …
She’s being pushed to run for New York Governor …
Which she WOULD CERTANLY LOSE…..
Actually?
With 5+ seats she COULD take a Trump job….
The report of Pa. Senator John Fettermans resigned Chief of Staff is very concerning.
He appears to be very sick man.
Yes indeed……
We saw little bits of this before he was elected….
One hopes he can get better
Trump says “ I don’t know,” in response to whether he needs to “ uphold the Constitution.”
In my view? If you read the Bill of Rights but didn’t tell them where it was from to ten or so MAGAites?
Most of them would say they opposed it.
Only when it suits them, eh?
Trump will have a problem with this with MOST GOPer lawmakers regardless….
Miller and Project 2025 will NOT have cover FOREVER….
Afternoon people….
The Steve A.Smith 2028 media show….
Extra Bonus Quote of the Day
“I’m not prepared. I’m not qualified. I have no political history whatsoever. I’ve never been interested in politics a day in my life. I look at our politics. How worse can it get?”
— ESPN commentator Stephen A. Smith, when asked by CNN if he’s prepared to be president.
Morning
Morning everyone
Market closed DOWN-389 points
Morning………
Another day with the Trump trash thrown everywhere
Trump Pulling Surgeon General Nominee
“The White House is expected to pull its nomination of Dr. Janette Nesheiwat as U.S. surgeon general just a day before she was expected to appear before the Senate for her confirmation hearing,” ABC News reports.
“The news comes as right-wing activist Laura Loomer called on the president to pick a new nominee after it came to light that Nesheiwat received her medical degree from American University of the Caribbean instead of the University of Arkansas. Loomer also criticized Nesheiwat for being pro-vaccine.”
Pelosi pokes at US push to acquire Greenland: ‘More people think Elvis Presley is alive’
Morning everyone
‘Gimmicks’: GOP lawmakers slam Trump’s ‘trillion-dollar’ defense-spending proposal.
White House claims of a 13% increase rest on unusual budgetary maneuvers, not a higher DOD topline…
…
Sen. Mitch McConnell, R-Ky., said the proposal fails to fulfill Trump-administration promises because it does not boost DOD’s budget.
“It is peculiar how much time the President’s advisors spend talking about restoring peace through strength, given how apparently unwilling they’ve been to invest accordingly,” McConnell, who leads the Senate Appropriations Subcommittee on Defense, said in a statement Friday. “Make no mistake: a one-time influx reconciliation spending is not a substitute for full-year appropriations. It’s a supplement. OMB accounting gimmicks may well convince administration officials and spokesmen that they’re doing enough to counter the growing, coordinated challenges we face from China, Russia, Iran, North Korea, and radical terrorists. But they won’t fool Congress.”
Sen. Roger Wicker, R-Miss., said the request would “decrease President Trump’s military options and his negotiating leverage.”…
More…
Breaking….
The Supreme Court said Tuesday that the Trump administration can begin immediately enforcing a ban on transgender service members in the military.
The decision is a major victory for President Donald Trump in his effort to get the high court to unlock various parts of his second-term agenda that have been held up by lower courts reviewing scores of legal challenges to his policies.…
CNN
Much easier for the Cardinals to pick a Pope than it is for House Republicans to pick a Speaker
New Pope is an American from Chicago! Hope he is a Cubs fan
Thanks CG….
Post dropping in a minute…..
Republicans have given up trying to steal a seat on the North Carolina Supreme Court Court .
A Federal Judge, appointed by Trump ,finally put an end to the attempted theft.Having lost by over 700 votes ( even with a recount) ,the MAGA party essentially tried to change the election laws after the election and disqualify thousands of votes.
This dragged and was looked at as something that could lead to ANY ELECTION being dragged out and overturned….
Glad to see the judge putting an end to this
Another post in moderation.
Mistaken
Nothing held up
Trump is apparently considering naming Fox News comedian Jeanine Pirro as the new US Attorney (interim )to succeed Right wing nut Ed Martin.
After reading of Martins antics I am flabbergasted that he is still allowed to practice law.Even here in S.C. where essentially anything goes, I have seen many attorneys disbarred for only doing like 10% of what this kook has done.
Another malcontent…..
Trump just LOVES THEM!
Another Fox Talking Head Hired for Trump Admin…Jeanine Pirro
Morning Folks…..
Best of the morning to ya…..
Afternoon people
Trumps White Nationalist Deputy Chief of Staff, Stephen Miller, says that Trump is actively “ looking at “ suspending the writ of habeas corpus .
Post forthcoming