Post #52778 by Banksy on the US Policy board

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Well, at least until it suddenly turns south and the recession begins and inflation increases. Then it will be Biden's fault once again.

The Trump-era economy has "officially arrived," Commerce Secretary Howard Lutnick said Wednesday.

Why it matters: The declaration came shortly after a second-quarter GDP report that suggested strong growth on the surface, though with underlying weakness as businesses slashed investments.

What they're saying: "GDP just surged to 3% and the Trump Economy has officially arrived," Lutnick posted on X.

"Biden's first quarter is behind us, and growth is already accelerating. President Trump's tariff policies have drawn historic investments and opened up global markets for U.S. businesses," he added.
Lutnick had previously said that the Trump economy would not kick in until the second half of 2025.

Reality check: While Trump was not in office for the entirety of the first quarter, the trade policies implemented under his watch explain the lackluster GDP reading for that period.

Businesses rushed to stockpile goods from overseas in the January to March period to beat his threatened tariffs.

Those historic imports weighed on GDP in the first quarter, which showed the economy shrank at a 0.5% annualized rate. Imports are a subtraction in the calculation of GDP.

The intrigue: In the second quarter, the opposite happened. The reversal of that import activity boosted headline GDP, but underlying growth measures looked weaker.

The swing in imports contributed more than 5 percentage points to GDP, the Commerce Department said earlier on Wednesday.

What to watch: Economists often look to measures that strip out volatile categories like imports to gauge the economy's health.

Real final sales to private domestic purchasers — the sum of consumer spending and business investment, adjusted for inflation — rose at a 1.2% annualized rate, slowing from the 1.9% pace in the first quarter.
That is far from recessionary but is the slowest pace since the end of 2022 — and a sign that the trade war is weighing on the economy.

The bottom line: Lutnick says Trump owns this economy, leaving little room to blame other factors if the data turns south.

https://www.axios.com/2025/07/30/trump-economy-gdp...

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The bottom line: Lutnick says Trump owns this economy, leaving little room to blame other factors if the data turns south.

Are you kidding me? Trump will never accept blame for anything. No buck stops there.

I think there are things that Trump is doing that can juice the stock market, but Main Street is unlikely to see the benefits.

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Are you kidding me? Trump will never accept blame for anything. No buck stops there.

First sign of weakness, it will be “Biden’s economy” again.

Adolescent excuses are pretty easy to identify and predict….. except by other adolescents.

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And...
"Total U.S. Household Debt hit $18.39 Trillion last quarter, a new all-time high." Congrats MAGA, you did it!

Also, "Trump Family Amasses $6 Billion Fortune After Crypto Grift!" #DupingTheDopes

https://www.investors.com/news/trump-media-cro-6-4...

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