I bet CNN hated reporting this. https://t.co/BPCJc22x9A
— Catturd ™ (@catturd2) May 2, 2025
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businessesGas prices are down, egg prices are down, jobs are on the increase, even the much-predicted market meltdown didn't happen. https://t.co/vk5fp0CUY5
— Cernovich (@Cernovich) May 2, 2025
- Gross domestic product fell at a 0.3% annualized pace, largely pushed by a surge in imports ahead of President Donald Trump’s tariffs.
- Imports soared 41.3%, driven by a 50.9% increase in goods.
- Imports subtract from GDP, so the contraction in growth may not be viewed as negatively given the potential for the trend to reverse.
IMPORTS SOARED BECAUSE THE THREAT OF TARIFFS CAUSED A RUSH TO GET IN ALL ORDERS BEFORE PRICES WERE RAISED.
IN OTHER WORDS,
THE CONTRACTION IS TEMPORARY!
“Nine thousand jobs have been cut in government, but the private sector has grown.”
Government spending drops 5.1% in first quarter.
— Richard Grenell (@RichardGrenell) May 3, 2025
Amazing.
Every American should celebrate the shrinking of Washington, DC spending.
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